Acorah Software Products - Accounts Production 14.5.501 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 09840135 Mrs Manal Leach Mr David Leach iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09840135 2022-10-31 09840135 2023-10-31 09840135 2022-11-01 2023-10-31 09840135 frs-core:CurrentFinancialInstruments 2023-10-31 09840135 frs-core:FurnitureFittings 2023-10-31 09840135 frs-core:FurnitureFittings 2022-11-01 2023-10-31 09840135 frs-core:FurnitureFittings 2022-10-31 09840135 frs-core:ShareCapital 2023-10-31 09840135 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09840135 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09840135 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 09840135 frs-bus:SmallEntities 2022-11-01 2023-10-31 09840135 frs-bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 09840135 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09840135 frs-bus:OrdinaryShareClass1 2022-11-01 2023-10-31 09840135 frs-bus:OrdinaryShareClass1 2023-10-31 09840135 frs-bus:OrdinaryShareClass2 2022-11-01 2023-10-31 09840135 frs-bus:OrdinaryShareClass2 2023-10-31 09840135 frs-core:DeferredTaxation 2022-11-01 2023-10-31 09840135 frs-core:DeferredTaxation 2022-10-31 09840135 frs-core:DeferredTaxation 2023-10-31 09840135 frs-bus:Director1 2022-11-01 2023-10-31 09840135 frs-bus:Director2 2022-11-01 2023-10-31 09840135 frs-countries:EnglandWales 2022-11-01 2023-10-31 09840135 2021-10-31 09840135 2022-10-31 09840135 2021-11-01 2022-10-31 09840135 frs-core:CurrentFinancialInstruments 2022-10-31 09840135 frs-core:ShareCapital 2022-10-31 09840135 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 09840135 frs-bus:OrdinaryShareClass1 2021-11-01 2022-10-31 09840135 frs-bus:OrdinaryShareClass2 2021-11-01 2022-10-31
Registered number: 09840135
L & M Property Management LTD
Unaudited Financial Statements
For The Year Ended 31 October 2023
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Unaudited Financial Statements
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of L & M Property Management LTD For The Year Ended 31 October 2023
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of L & M Property Management LTD which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of L & M Property Management LTD , as a body, in accordance with the terms of our engagement letter dated 28 August 2023. Our work has been undertaken solely to prepare for your approval the accounts of L & M Property Management LTD and state those matters that we have agreed to state to the directors of L & M Property Management LTD , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than L & M Property Management LTD and its directors as a body for our work or for this report.
It is your duty to ensure that L & M Property Management LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of L & M Property Management LTD . You consider that L & M Property Management LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of L & M Property Management LTD . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
13th March 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Balance Sheet
Registered number: 09840135
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 197 232
Investment Properties 5 298,000 298,000
298,197 298,232
CURRENT ASSETS
Debtors 7 338 310
Cash at bank and in hand 6,544 405,270
6,882 405,580
Creditors: Amounts Falling Due Within One Year 8 (10,865 ) (406,337 )
NET CURRENT ASSETS (LIABILITIES) (3,983 ) (757 )
TOTAL ASSETS LESS CURRENT LIABILITIES 294,214 297,475
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (37 ) (44 )
NET ASSETS 294,177 297,431
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 294,175 297,429
SHAREHOLDERS' FUNDS 294,177 297,431
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For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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
Mrs Manal Leach
Director
Mr David Leach
Director
13th March 2024
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
L & M Property Management LTD is a private company, limited by shares, incorporated in England & Wales, registered number 09840135 . The registered office is Unit 3, Building 2, The Colony Wilmslow, Altrincham Road, Wilmslow, SK9 4LY.
The company's principal place of business is 8 Blackstone Close, Redhill, RH1 6BG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention as modified by revaluation of certain assets 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.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% Reducing Balance
2.4. Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.
2.6. Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 November 2022 624
As at 31 October 2023 624
Depreciation
As at 1 November 2022 392
Provided during the period 35
As at 31 October 2023 427
Net Book Value
As at 31 October 2023 197
As at 1 November 2022 232
5. Investment Property
2023
£
Fair Value
As at 1 November 2022 and 31 October 2023 298,000
7. Debtors
2023 2022
£ £
Due within one year
Other debtors 338 310
338 310
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 9,042 404,605
Taxation and social security 1,823 1,732
10,865 406,337
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 37 44
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10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 November 2022 44 44
Additions (7 ) (7)
Balance at 31 October 2023 37 37
11. Share Capital
2023 2022
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1 each 1 1
1 Ordinary A shares of £ 1 each 1 1
2 2
12. Related Party Transactions
The company has taken advantage of exepmtion, under the terms of Fianacial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidaries within the group.
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