Acorah Software Products - Accounts Production 14.5.601 false true true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 08238875 Mr Ian Anderson Mrs Sarah Anderson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08238875 2022-11-30 08238875 2023-11-30 08238875 2022-12-01 2023-11-30 08238875 frs-core:CurrentFinancialInstruments 2023-11-30 08238875 frs-core:Non-currentFinancialInstruments 2023-11-30 08238875 frs-core:ShareCapital 2023-11-30 08238875 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 08238875 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08238875 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 08238875 frs-bus:SmallEntities 2022-12-01 2023-11-30 08238875 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 08238875 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 08238875 frs-bus:Director1 2022-12-01 2023-11-30 08238875 frs-bus:Director2 2022-12-01 2023-11-30 08238875 frs-countries:EnglandWales 2022-12-01 2023-11-30 08238875 2021-11-30 08238875 2022-11-30 08238875 2021-12-01 2022-11-30 08238875 frs-core:CurrentFinancialInstruments 2022-11-30 08238875 frs-core:Non-currentFinancialInstruments 2022-11-30 08238875 frs-core:ShareCapital 2022-11-30 08238875 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 08238875
ISA PROPERTIES (STAFFS) LTD
Financial Statements
For The Year Ended 30 November 2023
The Curtis Partnership
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 08238875
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 830,041 830,041
830,041 830,041
CURRENT ASSETS
Debtors 5 205,173 194,501
Cash at bank and in hand 147,470 19,878
352,643 214,379
Creditors: Amounts Falling Due Within One Year 6 (776,832 ) (605,790 )
NET CURRENT ASSETS (LIABILITIES) (424,189 ) (391,411 )
TOTAL ASSETS LESS CURRENT LIABILITIES 405,852 438,630
Creditors: Amounts Falling Due After More Than One Year 7 (99,103 ) (149,613 )
NET ASSETS 306,749 289,017
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement 306,649 288,917
SHAREHOLDERS' FUNDS 306,749 289,017
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Page 2
For the year ending 30 November 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 Statement.
On behalf of the board
Mr Ian Anderson
Director
Mrs Sarah Anderson
Director
2nd April 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
ISA PROPERTIES (STAFFS) LTD is a private company, limited by shares, incorporated in England & Wales, registered number 08238875 . The registered office is 1 Tape Street, Cheadle, Stoke On Trent, Staffordshire, ST10 1BB.
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. Going Concern Disclosure
The directors have 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.
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 income statement.
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: NIL (2022: NIL)
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4. Investment Property
2023
£
Fair Value
As at 1 December 2022 and 30 November 2023 830,041
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 48,065 38,585
Prepayments and accrued income 3,397 1,894
Other debtors 153,711 154,022
205,173 194,501
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,132 12,557
Bank loans and overdrafts 14,439 86,140
Other loans 10,767 -
Corporation tax 4,159 8,868
VAT 2,020 1,620
Other creditors 168,978 -
Accruals and deferred income 2,410 3,385
Directors' loan accounts 571,927 493,220
776,832 605,790
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 99,103 40,000
Other loans - 109,613
99,103 149,613
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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