Acorah Software Products - Accounts Production 14.5.601 false true 28 February 2023 11 February 2022 false 1 March 2023 28 February 2024 28 February 2024 13897870 Mr Christopher Southcott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13897870 2023-02-28 13897870 2024-02-28 13897870 2023-03-01 2024-02-28 13897870 frs-core:CurrentFinancialInstruments 2024-02-28 13897870 frs-core:Non-currentFinancialInstruments 2024-02-28 13897870 frs-core:InvestmentPropertyIncludedWithinPPE 2024-02-28 13897870 frs-core:InvestmentPropertyIncludedWithinPPE 2023-02-28 13897870 frs-core:ShareCapital 2024-02-28 13897870 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 13897870 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 13897870 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 13897870 frs-bus:SmallEntities 2023-03-01 2024-02-28 13897870 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 13897870 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 13897870 frs-bus:Director1 2023-03-01 2024-02-28 13897870 frs-countries:EnglandWales 2023-03-01 2024-02-28 13897870 2022-02-10 13897870 2023-02-28 13897870 2022-02-11 2023-02-28 13897870 frs-core:CurrentFinancialInstruments 2023-02-28 13897870 frs-core:Non-currentFinancialInstruments 2023-02-28 13897870 frs-core:ShareCapital 2023-02-28 13897870 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 13897870
Maxwell Property Winchester Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Coastal Accountants Ltd
Chartered Certified Accountants
Office 2 Unit 3 Mitchell Point
Ensign Way, Hamble
Southampton
SO31 4RF
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13897870
28 February 2024 28 February 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 363,506 363,506
363,506 363,506
CURRENT ASSETS
Cash at bank and in hand 11 3,271
11 3,271
Creditors: Amounts Falling Due Within One Year 5 (107,504 ) (108,974 )
NET CURRENT ASSETS (LIABILITIES) (107,493 ) (105,703 )
TOTAL ASSETS LESS CURRENT LIABILITIES 256,013 257,803
Creditors: Amounts Falling Due After More Than One Year 6 (261,102 ) (259,807 )
NET LIABILITIES (5,089 ) (2,004 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (5,090 ) (2,005 )
SHAREHOLDERS' FUNDS (5,089) (2,004)
Page 1
Page 2
For the year ending 28 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 his 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 Christopher Southcott
Director
25/03/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Maxwell Property Winchester Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13897870 . The registered office is The Gables Calcot Mount Business Park, Calcot Lane, Curdridge, Southampton, Hampshire, SO32 2BN.
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
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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:
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 profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Investment Properties
£
Cost
As at 1 March 2023 363,506
As at 28 February 2024 363,506
Net Book Value
As at 28 February 2024 363,506
As at 1 March 2023 363,506
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
28 February 2024 28 February 2023
£ £
Other creditors - (204 )
Accruals and deferred income 840 840
Director's loan account 106,664 108,338
107,504 108,974
6. Creditors: Amounts Falling Due After More Than One Year
28 February 2024 28 February 2023
£ £
Bank loans 261,102 259,807
261,102 259,807
7. Secured Creditors
Of the creditors the following amounts are secured.
28 February 2024 28 February 2023
£ £
Bank loans and overdrafts 261,101 259,807
8. Share Capital
28 February 2024 28 February 2023
£ £
Allotted, Called up and fully paid 1 1
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