Acorah Software Products - Accounts Production 14.5.601 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 07022756 Mr John Roger Abbott Mrs Elizabeth Ann Abbott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07022756 2022-09-30 07022756 2023-09-30 07022756 2022-10-01 2023-09-30 07022756 frs-core:CurrentFinancialInstruments 2023-09-30 07022756 frs-core:Non-currentFinancialInstruments 2023-09-30 07022756 frs-core:FurnitureFittings 2023-09-30 07022756 frs-core:FurnitureFittings 2022-10-01 2023-09-30 07022756 frs-core:FurnitureFittings 2022-09-30 07022756 frs-core:ShareCapital 2023-09-30 07022756 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 07022756 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 07022756 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 07022756 frs-bus:SmallEntities 2022-10-01 2023-09-30 07022756 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 07022756 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 07022756 frs-core:UnlistedNon-exchangeTraded 2023-09-30 07022756 frs-core:UnlistedNon-exchangeTraded 2022-09-30 07022756 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-09-30 07022756 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-09-30 07022756 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-09-30 07022756 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-09-30 07022756 frs-bus:Director1 2022-10-01 2023-09-30 07022756 frs-bus:Director2 2022-10-01 2023-09-30 07022756 frs-countries:EnglandWales 2022-10-01 2023-09-30 07022756 2021-09-30 07022756 2022-09-30 07022756 2021-10-01 2022-09-30 07022756 frs-core:CurrentFinancialInstruments 2022-09-30 07022756 frs-core:Non-currentFinancialInstruments 2022-09-30 07022756 frs-core:ShareCapital 2022-09-30 07022756 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 07022756
Arco Iris Property Limited
Unaudited Financial Statements
For The Year Ended 30 September 2023
Adrem Accounting ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07022756
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 125,557 432,956
Investments 6 20,000 20,000
145,557 452,956
CURRENT ASSETS
Debtors 7 3,996 -
3,996 -
Creditors: Amounts Falling Due Within One Year 8 (669 ) (640 )
NET CURRENT ASSETS (LIABILITIES) 3,327 (640 )
TOTAL ASSETS LESS CURRENT LIABILITIES 148,884 452,316
Creditors: Amounts Falling Due After More Than One Year 9 (47,266 ) (171,644 )
NET ASSETS 101,618 280,672
CAPITAL AND RESERVES
Called up share capital 10 403,574 403,574
Profit and Loss Account (301,956 ) (122,902 )
SHAREHOLDERS' FUNDS 101,618 280,672
Page 1
Page 2
For the year ending 30 September 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 John Roger Abbott
Director
13/02/2024
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
Arco Iris Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07022756 . The registered office is Wincham House, Greenfield Farm Trading Estate, Congleton, Cheshire, CW12 4TR.
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:
Fixtures & Fittings 20% Straight Line
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 profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 October 2022 11,660
As at 30 September 2023 11,660
Depreciation
As at 1 October 2022 11,660
As at 30 September 2023 11,660
Net Book Value
As at 30 September 2023 -
As at 1 October 2022 -
5. Investment Property
2023
£
Fair Value
As at 1 October 2022 432,956
Disposals (307,399 )
As at 30 September 2023 125,557
Page 3
Page 4
6. Investments
Unlisted
£
Cost
As at 1 October 2022 20,000
As at 30 September 2023 20,000
Provision
As at 1 October 2022 -
As at 30 September 2023 -
Net Book Value
As at 30 September 2023 20,000
As at 1 October 2022 20,000
7. Debtors
2023 2022
£ £
Due within one year
Other debtors 3,996 -
3,996 -
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 1
Accruals and deferred income 669 639
669 640
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Directors loan account 47,266 171,644
47,266 171,644
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 403,574 403,574
Page 4