Acorah Software Products - Accounts Production 14.5.601 false true false 2 November 2022 30 November 2023 30 November 2023 SC749106 Mrs Susan Wilkinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC749106 2022-11-01 SC749106 2023-11-30 SC749106 2022-11-02 2023-11-30 SC749106 frs-core:CurrentFinancialInstruments 2023-11-30 SC749106 frs-core:ComputerEquipment 2023-11-30 SC749106 frs-core:ComputerEquipment 2022-11-02 2023-11-30 SC749106 frs-core:ComputerEquipment 2022-11-01 SC749106 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 SC749106 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-02 2023-11-30 SC749106 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-01 SC749106 frs-core:ShareCapital 2023-11-30 SC749106 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 SC749106 frs-bus:PrivateLimitedCompanyLtd 2022-11-02 2023-11-30 SC749106 frs-bus:FilletedAccounts 2022-11-02 2023-11-30 SC749106 frs-bus:SmallEntities 2022-11-02 2023-11-30 SC749106 frs-bus:AuditExempt-NoAccountantsReport 2022-11-02 2023-11-30 SC749106 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-02 2023-11-30 SC749106 frs-bus:Director1 2022-11-02 2023-11-30 SC749106 frs-countries:Scotland 2022-11-02 2023-11-30
Registered number: SC749106
Johval Properties Ltd
Unaudited Financial Statements
For the Period 2 November 2022 to 30 November 2023
ACG Accounting Services
7 Birch Crescent
Blairgowrie
PH10 6TS
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: SC749106
30 November 2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 197,846
197,846
CURRENT ASSETS
Cash at bank and in hand 8,080
8,080
Creditors: Amounts Falling Due Within One Year 5 (203,130 )
NET CURRENT ASSETS (LIABILITIES) (195,050 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,796
NET ASSETS 2,796
CAPITAL AND RESERVES
Called up share capital 6 1
Profit and Loss Account 2,795
SHAREHOLDERS' FUNDS 2,796
For the period 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 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 Profit and Loss Account.
On behalf of the board
Mrs Susan Wilkinson
Director
04/04/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Johval Properties Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC749106 . The registered office is Lochdene, Burrelton, Blairgowrie, PH13 9PP.
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. 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:
Freehold 0% Reducing Balance
Computer Equipment 25% Reducing Balance
2.3. 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 period was: NIL
-
4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost
As at 2 November 2022 - - -
Additions 197,577 359 197,936
As at 30 November 2023 197,577 359 197,936
...CONTINUED
Page 2
Page 3
Depreciation
As at 2 November 2022 - - -
Provided during the period - 90 90
As at 30 November 2023 - 90 90
Net Book Value
As at 30 November 2023 197,577 269 197,846
As at 2 November 2022 - - -
5. Creditors: Amounts Falling Due Within One Year
30 November 2023
£
Trade creditors (1 )
Other creditors 202,539
Taxation and social security 592
203,130
6. Share Capital
30 November 2023
£
Allotted, Called up and fully paid 1
Page 3