Acorah Software Products - Accounts Production 14.5.501 false true 31 March 2022 1 April 2021 false 1 April 2022 31 March 2023 31 March 2023 SC047414 Mrs Linda MacDougall Mrs Gillian Williams Mrs Iris Dunbar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC047414 2022-03-31 SC047414 2023-03-31 SC047414 2022-04-01 2023-03-31 SC047414 frs-core:CurrentFinancialInstruments 2023-03-31 SC047414 frs-core:PlantMachinery 2023-03-31 SC047414 frs-core:PlantMachinery 2022-04-01 2023-03-31 SC047414 frs-core:PlantMachinery 2022-03-31 SC047414 frs-core:RevaluationReserve 2022-03-31 SC047414 frs-core:RevaluationReserve 2023-03-31 SC047414 frs-core:ShareCapital 2023-03-31 SC047414 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 SC047414 frs-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC047414 frs-bus:FilletedAccounts 2022-04-01 2023-03-31 SC047414 frs-bus:SmallEntities 2022-04-01 2023-03-31 SC047414 frs-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SC047414 frs-bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 SC047414 frs-bus:Director1 2022-04-01 2023-03-31 SC047414 frs-bus:Director2 2022-04-01 2023-03-31 SC047414 frs-bus:Director3 2022-04-01 2023-03-31 SC047414 frs-countries:Scotland 2022-04-01 2023-03-31 SC047414 2021-03-31 SC047414 2022-03-31 SC047414 2021-04-01 2022-03-31 SC047414 frs-core:CurrentFinancialInstruments 2022-03-31 SC047414 frs-core:RevaluationReserve 2022-03-31 SC047414 frs-core:ShareCapital 2022-03-31 SC047414 frs-core:RetainedEarningsAccumulatedLosses 2022-03-31
Registered number: SC047414
Tay Valley Properties (Perth) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2023
Harleys Bookkeeping & Tax Returns Ltd
Dalgety Bay Business Centre
Sybrig House
Ridge Way
Dalgety Bay
KY11 9JN
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC047414
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 930 1,033
Investment Properties 5 138,999 138,999
139,929 140,032
CURRENT ASSETS
Debtors 6 40,422 40,471
Cash at bank and in hand 25,136 16,098
65,558 56,569
Creditors: Amounts Falling Due Within One Year 7 (3,755 ) (3,868 )
NET CURRENT ASSETS (LIABILITIES) 61,803 52,701
TOTAL ASSETS LESS CURRENT LIABILITIES 201,732 192,733
PROVISIONS FOR LIABILITIES
Provisions For Charges (12,621 ) (12,621 )
NET ASSETS 189,111 180,112
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 66,264 66,264
Profit and Loss Account 122,747 113,748
SHAREHOLDERS' FUNDS 189,111 180,112
Page 1
Page 2
For the year ending 31 March 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 Linda MacDougall
Director
22/12/2023
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
Tay Valley Properties (Perth) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC047414 . The registered office is Bordeaux House, 31 Kinnoull Street, Perth, Perthshire, PH1 5EN.
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:
Plant & Machinery 10% reducing balance
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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2022 11,680
As at 31 March 2023 11,680
Depreciation
As at 1 April 2022 10,647
Provided during the period 103
As at 31 March 2023 10,750
Net Book Value
As at 31 March 2023 930
As at 1 April 2022 1,033
5. Investment Property
2023
£
Fair Value
As at 1 April 2022 and 31 March 2023 138,999
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 422 471
Other debtors 40,000 40,000
40,422 40,471
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 46 517
Corporation tax 956 -
Accruals and deferred income 900 1,680
Directors' loan accounts 1,853 1,671
3,755 3,868
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4
Page 5
9. Reserves
Revaluation Reserve
£
As at 1 April 2022 66,264
As at 31 March 2023 66,264
Page 5