Acorah Software Products - Accounts Production 14.5.601 false true true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 11828889 Leila Johns Leila Johns true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11828889 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-02-29 11828889 2023-02-28 11828889 2024-02-29 11828889 2023-03-01 2024-02-29 11828889 frs-core:CurrentFinancialInstruments 2024-02-29 11828889 frs-core:Non-currentFinancialInstruments 2024-02-29 11828889 frs-core:LandBuildings 2024-02-29 11828889 frs-core:LandBuildings 2023-03-01 2024-02-29 11828889 frs-core:LandBuildings 2023-02-28 11828889 frs-core:ShareCapital 2024-02-29 11828889 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11828889 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11828889 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 11828889 frs-bus:SmallEntities 2023-03-01 2024-02-29 11828889 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11828889 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11828889 1 2023-03-01 2024-02-29 11828889 frs-bus:Director1 2023-03-01 2024-02-29 11828889 frs-countries:EnglandWales 2023-03-01 2024-02-29 11828889 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-02-28 11828889 2022-02-28 11828889 2023-02-28 11828889 2022-03-01 2023-02-28 11828889 frs-core:CurrentFinancialInstruments 2023-02-28 11828889 frs-core:Non-currentFinancialInstruments 2023-02-28 11828889 frs-core:ShareCapital 2023-02-28 11828889 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 11828889
Love & Mortar Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 11828889
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 465,000 435,000
465,000 435,000
CURRENT ASSETS
Debtors 5 100 -
Cash at bank and in hand 3,325 1,623
3,425 1,623
Creditors: Amounts Falling Due Within One Year 6 (129,745 ) (129,498 )
NET CURRENT ASSETS (LIABILITIES) (126,320 ) (127,875 )
TOTAL ASSETS LESS CURRENT LIABILITIES 338,680 307,125
Creditors: Amounts Falling Due After More Than One Year 7 (265,409 ) (265,941 )
NET ASSETS 73,271 41,184
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 73,171 41,084
SHAREHOLDERS' FUNDS 73,271 41,184
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For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 Statement.
On behalf of the board
Leila Johns
Director
15 April 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Love & Mortar Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11828889 . The registered office is 101 Cleve Wood Road, Thornbury, Avon, BS35 2FZ.
2. Accounting Policies
2.1. 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.
2.2. Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The director will continue to support the company for the foreseeable future.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue generated from the rental of investment property and from the rendering of services. Turnover is reduced for estimated rental rebates and other similar allowances.

2.4. 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 income statement.
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 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 years 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 assets reflect 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Land & Buildings
£
Cost or Valuation
As at 1 March 2023 435,000
Revaluation 30,000
As at 29 February 2024 465,000
Net Book Value
As at 29 February 2024 465,000
As at 1 March 2023 435,000
Cost or valuation as at 29 February 2024 represented by:
Land & Property
Leasehold
£
At cost 465,000
465,000
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 100 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 1,418 1,415
Accruals and deferred income 2,092 1,200
Director's loan account 126,235 126,883
129,745 129,498
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 265,409 265,941
Of the creditors falling due within and after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 260,354 260,517
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8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured via a Fixed Charge over the respective property.
2024 2023
£ £
Bank loans and overdrafts 265,860 265,989
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Leila JohnsDirector and shareholder

Leila Johns

Director and shareholder

As at the date of the Statement of Financial Position the director was owed £126,235 (2023: £126,883.) This loan represents net continued financial support provided to the company by the director.
11. Ultimate Controlling Party
The company's ultimate controlling party is Leila Johns by virtue of her ownership of 100% of the issued share capital in the company.
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