Acorah Software Products - Accounts Production 6.9.025 false Matthew Browne and Christopher Browne true 1 March 2017 28 February 2018 28 February 2018 10613034 Mr Christopher Browne Mr Matthew Browne iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10613034 2017-02-28 10613034 2018-02-28 10613034 2017-03-01 2018-02-28 10613034 frs-core:CurrentFinancialInstruments 2018-02-28 10613034 frs-core:CurrentFinancialInstruments 2017-03-01 2018-02-28 10613034 frs-core:Non-currentFinancialInstruments 2018-02-28 10613034 frs-core:Non-currentFinancialInstruments 2017-03-01 2018-02-28 10613034 frs-core:CurrentFinancialInstruments 2017-03-01 2018-02-28 10613034 frs-core:CurrentFinancialInstruments 2018-02-28 10613034 frs-core:AfterOneYear 2017-03-01 2018-02-28 10613034 frs-core:BetweenOneFiveYears 2017-03-01 2018-02-28 10613034 frs-core:BetweenOneFiveYears 2018-02-28 10613034 frs-core:ComputerEquipment 2018-02-28 10613034 frs-core:ComputerEquipment 2017-03-01 2018-02-28 10613034 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CM Browne Limited
Unaudited Financial Statements
For The Year Ended 28 February 2018
Advantage ATO

Chartered Certified Accountants

3 Brenton Business Complex
Bond Street
Bury
BL9 7BE
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Balance Sheet
Registered number: 10613034
2018
Notes £ £
FIXED ASSETS
Tangible Assets 4 251,492
251,492
CURRENT ASSETS
Debtors 5 1,450
Cash at bank and in hand 14,530
15,980
Creditors: Amounts Falling Due Within One Year 6 (2,143 )
NET CURRENT ASSETS (LIABILITIES) 13,837
TOTAL ASSETS LESS CURRENT LIABILITIES 265,329
Creditors: Amounts Falling Due After More Than One Year 7 (258,639 )
NET ASSETS 6,690
CAPITAL AND RESERVES
Called up share capital 8 50
Profit and Loss Account 6,640
SHAREHOLDERS' FUNDS 6,690
Page 1
For the year ending 28 February 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
  • The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Matthew Browne
07/11/2018

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable. Income is derived from the letting of investment property.

1.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
1.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2018
Office and administration 2
2
Page 3
4. Tangible Assets
Investment Properties
£
Cost
As at 1 March 2017 -
Additions 251,492
As at 28 February 2018 251,492
Net Book Value
As at 28 February 2018 251,492
As at 1 March 2017 -
5. Debtors
2018
£
Due within one year
Other debtors 1,450
1,450
Other debtors relate to deposits from tenants held by a third party.
6. Creditors: Amounts Falling Due Within One Year
2018
£
Corporation tax 1,603
Accruals and deferred income 540
2,143
7. Creditors: Amounts Falling Due After More Than One Year
2018
£
Directors loan account 258,639
8. Share Capital
2018
Allotted, Called up and fully paid 50
9. Ultimate Controlling Party
The company's ultimate controlling parties are Matthew Browne and Christopher Browne by virtue of their ownership of 100% of the issued share capital in the company.
10. General Information
CM Browne Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10613034. The registered office is 11 Lynton Park Road, Cheadle Hulme, Cheshire, SK8 6JA.
Page 4