Acorah Software Products - Accounts Production 14.5.601 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 13226904 Mrs Amanda Cowan Mr Christopher Cowan Miss Mary Cowan Mr James Cowan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13226904 2023-02-28 13226904 2024-02-29 13226904 2023-03-01 2024-02-29 13226904 frs-core:CurrentFinancialInstruments 2024-02-29 13226904 frs-core:Non-currentFinancialInstruments 2024-02-29 13226904 frs-core:InvestmentPropertyIncludedWithinPPE 2024-02-29 13226904 frs-core:InvestmentPropertyIncludedWithinPPE 2023-02-28 13226904 frs-core:RevaluationReserve 2023-03-01 2024-02-29 13226904 frs-core:RevaluationReserve 2023-02-28 13226904 frs-core:RevaluationReserve 2024-02-29 13226904 frs-core:ShareCapital 2024-02-29 13226904 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 13226904 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13226904 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 13226904 frs-bus:SmallEntities 2023-03-01 2024-02-29 13226904 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13226904 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13226904 frs-bus:Director1 2023-03-01 2024-02-29 13226904 frs-bus:Director2 2023-03-01 2024-02-29 13226904 frs-bus:Director3 2023-03-01 2024-02-29 13226904 frs-bus:Director4 2023-03-01 2024-02-29 13226904 frs-core:Non-currentFinancialInstruments 1 2024-02-29 13226904 frs-countries:EnglandWales 2023-03-01 2024-02-29 13226904 2022-02-28 13226904 2023-02-28 13226904 2022-03-01 2023-02-28 13226904 frs-core:CurrentFinancialInstruments 2023-02-28 13226904 frs-core:Non-currentFinancialInstruments 2023-02-28 13226904 frs-core:RevaluationReserve 2023-02-28 13226904 frs-core:ShareCapital 2023-02-28 13226904 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 13226904 frs-core:Non-currentFinancialInstruments 1 2023-02-28
Registered number: 13226904
Cadenza Investments Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Property Accounts Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13226904
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,200,000 975,000
1,200,000 975,000
CURRENT ASSETS
Debtors 5 5,895 9,160
Cash at bank and in hand 8,346 6,073
14,241 15,233
Creditors: Amounts Falling Due Within One Year 6 (490,131 ) (341,563 )
NET CURRENT ASSETS (LIABILITIES) (475,890 ) (326,330 )
TOTAL ASSETS LESS CURRENT LIABILITIES 724,110 648,670
Creditors: Amounts Falling Due After More Than One Year 7 (746,015 ) (696,536 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,127 ) -
NET LIABILITIES (24,032 ) (47,866 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 9,069 (26,153 )
Profit and Loss Account (33,201 ) (21,813 )
SHAREHOLDERS' FUNDS (24,032) (47,866)
Page 1
Page 2
For the year ending 29 February 2024 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 Amanda Cowan
Director
12/04/2024
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
Cadenza Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13226904 . The registered office is C/O Property Accounts Limited, 59 Castle Street, Reading, RG1 7SN.
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 recognised as rental income received.
2.3. Investment Properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The fair value of the investment property has been arrived at by the directors best estimate. 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: 4 (2023: 4)
4 4
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 March 2023 975,000
Additions 181,517
Revaluation 43,483
As at 29 February 2024 1,200,000
...CONTINUED
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Page 4
Net Book Value
As at 29 February 2024 1,200,000
As at 1 March 2023 975,000
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 5,895 3,025
Deferred tax current asset - 6,135
5,895 9,160
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 661
Other creditors 5,895 3,025
Directors' loan accounts 484,236 337,877
490,131 341,563
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Mortgages 746,015 696,536
746,015 696,536
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation Reserve
£
As at 1 March 2023 (26,153 )
Surplus on revaluation 35,222
As at 29 February 2024 9,069
Page 4