Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 02147806 Mrs Dawn Price Mrs Francesca Wootton Mr Frederick Forte Mr Nicholas Gilbert Mrs Ann McDonnell Mrs Loraine Edwards Mr Richard Healy Mrs Dawn Price Mrs Lorna Tinworth Mrs Ann McDonnell Orchard PM Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02147806 2022-12-31 02147806 2023-12-31 02147806 2023-01-01 2023-12-31 02147806 frs-core:CurrentFinancialInstruments 2023-12-31 02147806 frs-core:ComputerEquipment 2023-12-31 02147806 frs-core:ComputerEquipment 2023-01-01 2023-12-31 02147806 frs-core:ComputerEquipment 2022-12-31 02147806 frs-core:FurnitureFittings 2023-12-31 02147806 frs-core:FurnitureFittings 2023-01-01 2023-12-31 02147806 frs-core:FurnitureFittings 2022-12-31 02147806 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 02147806 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 02147806 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 02147806 frs-core:PlantMachinery 2023-12-31 02147806 frs-core:PlantMachinery 2023-01-01 2023-12-31 02147806 frs-core:PlantMachinery 2022-12-31 02147806 frs-core:RevaluationReserve 2022-12-31 02147806 frs-core:RevaluationReserve 2023-12-31 02147806 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 02147806 frs-bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 02147806 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 02147806 frs-bus:SmallEntities 2023-01-01 2023-12-31 02147806 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 02147806 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02147806 frs-bus:Director1 2023-01-01 2023-12-31 02147806 frs-bus:Director2 2023-01-01 2023-12-31 02147806 frs-bus:Director3 2023-01-01 2023-12-31 02147806 frs-bus:Director4 2023-01-01 2023-12-31 02147806 frs-bus:Director5 2023-01-01 2023-12-31 02147806 frs-bus:Director6 2023-01-01 2023-12-31 02147806 frs-bus:Director7 2023-01-01 2023-12-31 02147806 frs-bus:Director8 2023-01-01 2023-12-31 02147806 frs-bus:Director9 2023-01-01 2023-12-31 02147806 frs-bus:Director10 2023-01-01 2023-12-31 02147806 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 02147806 frs-core:CurrentFinancialInstruments 1 2023-12-31 02147806 frs-countries:EnglandWales 2023-01-01 2023-12-31 02147806 2021-12-31 02147806 2022-12-31 02147806 2022-01-01 2022-12-31 02147806 frs-core:CurrentFinancialInstruments 2022-12-31 02147806 frs-core:RevaluationReserve 2022-12-31 02147806 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 02147806 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 02147806
V. & S. (No. 3) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Martin & Co
Chartered Certified Accountants
10 Shingle Road
Shoreham-By-Sea
BN43 5RH
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 V. & S. (No. 3) Limited For The Year Ended 31 December 2023
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of V. & S. (No. 3) Limited which comprise the Income and Expenditure 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 V. & S. (No. 3) Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of V. & S. (No. 3) Limited and state those matters that we have agreed to state to the directors of V. & S. (No. 3) Limited , 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 V. & S. (No. 3) Limited and its directors as a body for our work or for this report.
It is your duty to ensure that V. & S. (No. 3) Limited 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 V. & S. (No. 3) Limited . You consider that V. & S. (No. 3) Limited 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 V. & S. (No. 3) Limited . 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
28/03/2024
Martin & Co
Chartered Certified Accountants
10 Shingle Road
Shoreham-By-Sea
BN43 5RH
Page 1
Page 2
Balance Sheet
Registered number: 02147806
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1 1,197
1 1,197
CURRENT ASSETS
Debtors 5 55,054 57,435
Cash at bank and in hand 97,568 192,577
152,622 250,012
Creditors: Amounts Falling Due Within One Year 6 (15,599 ) (29,685 )
NET CURRENT ASSETS (LIABILITIES) 137,023 220,327
TOTAL ASSETS LESS CURRENT LIABILITIES 137,024 221,524
NET ASSETS 137,024 221,524
RESERVES
Revaluation reserve 7 (14,164 ) (14,164 )
Income and Expenditure Account 151,188 235,688
MEMBERS' FUNDS 137,024 221,524
Page 2
Page 3
For the year ending 31 December 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 Income and Expenditure Account.
On behalf of the board
Mrs Lorna Tinworth
Director
15/03/2024
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
V. & S. (No. 3) Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 02147806 . The registered office is The Estate Office, 12a The Quay, Emerald Quay, Shoreham-By-Sea, BN43 5JP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 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
The turnover shown in the statement of income and retained earnings represents amounts invoiced during the year.
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:

Leasehold 20% straight line
Plant & Machinery 33% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
Impairment of fixed assets

A review of the indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
2.4. Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus 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 surplus. 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 surplus 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 surplus 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 surplus or deficit, 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 9,584 147,889 557 11,027 169,057
As at 31 December 2023 9,584 147,889 557 11,027 169,057
Depreciation
As at 1 January 2023 9,583 146,693 557 11,027 167,860
Provided during the period - 1,196 - - 1,196
As at 31 December 2023 9,583 147,889 557 11,027 169,056
Net Book Value
As at 31 December 2023 1 - - - 1
As at 1 January 2023 1 1,196 - - 1,197
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 6,933 21,899
Prepayments and accrued income 48,121 32,536
Other debtors - 3,000
55,054 57,435
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors - 1,254
Service charges received in advance 1,520 3,723
Accruals and deferred income 14,079 24,708
15,599 29,685
7. Reserves
Revaluation Reserve
£
As at 1 January 2023 (14,164 )
As at 31 December 2023 (14,164 )
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Page 6
8. Related Party Transactions
The company's membership consists of 200 members, 190 being lessees and 10 being freehold house owners of each dwelling on the Emerald Quay complex.

Each member has a voting right and where a member is a lessee in respect of more than one dwelling, then that member will have one vote for each dwelling they hold.

No one single party controlled the company throughout the current or previous year.

The freehold of the Emerald Quay complex is owned by Emerald Quay Freeholders Limited. A number of the members of V. & S. (No.3) Limited are also members of Emerald Quay Freeholders Limited.
9. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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