Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 11926000 Mrs Judith Foote Mr Stephan Foote false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11926000 2022-07-31 11926000 2023-07-31 11926000 2022-08-01 2023-07-31 11926000 frs-core:CurrentFinancialInstruments 2023-07-31 11926000 frs-core:Non-currentFinancialInstruments 2023-07-31 11926000 frs-core:ShareCapital 2023-07-31 11926000 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 11926000 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 11926000 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 11926000 frs-bus:SmallEntities 2022-08-01 2023-07-31 11926000 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 11926000 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 11926000 1 2022-08-01 2023-07-31 11926000 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-08-01 2023-07-31 11926000 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-07-31 11926000 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-07-31 11926000 frs-bus:Director1 2022-08-01 2023-07-31 11926000 frs-bus:Director2 2022-08-01 2023-07-31 11926000 frs-countries:EnglandWales 2022-08-01 2023-07-31 11926000 2021-07-31 11926000 2022-07-31 11926000 2021-08-01 2022-07-31 11926000 frs-core:CurrentFinancialInstruments 2022-07-31 11926000 frs-core:Non-currentFinancialInstruments 2022-07-31 11926000 frs-core:ShareCapital 2022-07-31 11926000 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31 11926000 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-07-31
Registered number: 11926000
Vanilla Properties Abbeyville Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11926000
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 150,000 140,000
150,000 140,000
CURRENT ASSETS
Debtors 5 2 2
Cash at bank and in hand 611 2,230
613 2,232
Creditors: Amounts Falling Due Within One Year 6 (33,909 ) (36,207 )
NET CURRENT ASSETS (LIABILITIES) (33,296 ) (33,975 )
TOTAL ASSETS LESS CURRENT LIABILITIES 116,704 106,025
Creditors: Amounts Falling Due After More Than One Year 7 (95,609 ) (95,615 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,038 ) (2,138 )
NET ASSETS 17,057 8,272
CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair Value Reserve 10 17,213 9,113
Profit and Loss Account (158 ) (843 )
SHAREHOLDERS' FUNDS 17,057 8,272
Page 1
Page 2
For the year ending 31 July 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 Judith Foote
Director
19/04/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Vanilla Properties Abbeyville Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11926000 . The registered office is Douglas Lodge, Romsey Road, Whiteparish, Wiltshire, SP5 2RR.
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. 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.
2.4. 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 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: 2 (2022: 2)
2 2
Page 3
Page 4
4. Investment Property
2023
£
Fair Value
As at 1 August 2022 140,000
Fair value adjustments 10,000
As at 31 July 2023 150,000
5. Debtors
2023 2022
£ £
Due within one year
Called up share capital not paid 2 2
2 2
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 32,295 35,400
Accruals and deferred income 495 495
Directors' loan accounts 1,119 312
33,909 36,207
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 95,609 95,615
95,609 95,615
8. Secured Creditors
Of the creditors the following amounts are secured.
2023 2022
£ £
Bank loans and overdrafts 95,609 95,615
9. Share Capital
2023 2022
£ £
Called Up Share Capital not Paid 2 2
Amount of Allotted, Called Up Share Capital 2 2
Page 4
Page 5
10. Reserves
Fair Value Reserve
£
As at 1 August 2022 9,113
Transfer to profit and loss 8,100
As at 31 July 2023 17,213
11. Related Party Transactions
At 31st July 2023 the company owed £32,296 (2022: £35,401) to Vanilla Properties Ltd, a company who shares the same directors/shareholders as Vanilla Properties Abbeyville Ltd. This amount is loaned interest free, is repayable on demand and is included under 'Other creditors due within one year'.
12. Controlling Party
There is no ultimate controlling party with both shareholders holding equal amounts of the issued share capital.
Page 5