Acorah Software Products - Accounts Production 14.5.601 false true true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 12724591 Mr Taylor Gauci Mr Lawrence Lepore iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12724591 2022-07-31 12724591 2023-07-31 12724591 2022-08-01 2023-07-31 12724591 frs-core:CurrentFinancialInstruments 2023-07-31 12724591 frs-core:Non-currentFinancialInstruments 2023-07-31 12724591 frs-core:ShareCapital 2023-07-31 12724591 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 12724591 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12724591 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 12724591 frs-bus:SmallEntities 2022-08-01 2023-07-31 12724591 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12724591 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12724591 frs-bus:Director1 2022-08-01 2023-07-31 12724591 frs-bus:Director2 2022-08-01 2023-07-31 12724591 frs-core:CurrentFinancialInstruments 1 2023-07-31 12724591 frs-countries:EnglandWales 2022-08-01 2023-07-31 12724591 2021-07-31 12724591 2022-07-31 12724591 2021-08-01 2022-07-31 12724591 frs-core:CurrentFinancialInstruments 2022-07-31 12724591 frs-core:Non-currentFinancialInstruments 2022-07-31 12724591 frs-core:ShareCapital 2022-07-31 12724591 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31 12724591 frs-core:CurrentFinancialInstruments 1 2022-07-31
Registered number: 12724591
AMTL Property Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12724591
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 445,000 325,000
445,000 325,000
CURRENT ASSETS
Cash at bank and in hand 19,024 5,836
19,024 5,836
Creditors: Amounts Falling Due Within One Year 5 (149,255 ) (111,150 )
NET CURRENT ASSETS (LIABILITIES) (130,231 ) (105,314 )
TOTAL ASSETS LESS CURRENT LIABILITIES 314,769 219,686
Creditors: Amounts Falling Due After More Than One Year 6 (336,403 ) (245,725 )
NET LIABILITIES (21,634 ) (26,039 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (21,734 ) (26,139 )
SHAREHOLDERS' FUNDS (21,634) (26,039)
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
Mr Lawrence Lepore
Director
2 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
AMTL Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12724591 . The registered office is Nightingale House, Main Road, Church Village, Pontypridd, CF38 1RN.
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
At the balance sheet date the total creditors exceeded the total assets in the company. The directors have given assurance that they will continue to financially support the company for the next 12 months.
2.3. 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.
2.4. 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: NIL (2022: NIL)
- -
4. Investment Property
2023
£
Fair Value
As at 1 August 2022 325,000
Additions 120,000
As at 31 July 2023 445,000
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bonds held 2,955 2,205
Accruals and deferred income 1,205 972
Directors' loan accounts 145,095 107,973
149,255 111,150
Page 3
Page 4
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 336,403 245,725
336,403 245,725
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4