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 09702975 Ms Fiona Rodford Mr Michael Lennard true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09702975 2022-07-31 09702975 2023-07-31 09702975 2022-08-01 2023-07-31 09702975 frs-core:CurrentFinancialInstruments 2023-07-31 09702975 frs-core:Non-currentFinancialInstruments 2023-07-31 09702975 frs-core:ComputerEquipment 2023-07-31 09702975 frs-core:ComputerEquipment 2022-08-01 2023-07-31 09702975 frs-core:ComputerEquipment 2022-07-31 09702975 frs-core:ShareCapital 2023-07-31 09702975 frs-core:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 09702975 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 09702975 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09702975 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 09702975 frs-bus:SmallEntities 2022-08-01 2023-07-31 09702975 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 09702975 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 09702975 1 2022-08-01 2023-07-31 09702975 frs-bus:Director1 2022-08-01 2023-07-31 09702975 frs-bus:Director2 2022-08-01 2023-07-31 09702975 frs-core:CurrentFinancialInstruments 1 2023-07-31 09702975 frs-countries:EnglandWales 2022-08-01 2023-07-31 09702975 2021-07-31 09702975 2022-07-31 09702975 2021-08-01 2022-07-31 09702975 frs-core:CurrentFinancialInstruments 2022-07-31 09702975 frs-core:Non-currentFinancialInstruments 2022-07-31 09702975 frs-core:ShareCapital 2021-07-31 09702975 frs-core:ShareCapital 2022-07-31 09702975 frs-core:RetainedEarningsAccumulatedLosses 2021-08-01 2022-07-31 09702975 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2021-07-31 09702975 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31 09702975 frs-core:CurrentFinancialInstruments 1 2022-07-31
Registered number: 09702975
Cheverells Property Investments Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Xeinadin South Wales & West Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 09702975
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 534,759 245,495
Cash at bank and in hand 30,199 2,240
564,958 247,735
Creditors: Amounts Falling Due Within One Year 6 (1,937 ) (3,746 )
NET CURRENT ASSETS (LIABILITIES) 563,021 243,989
TOTAL ASSETS LESS CURRENT LIABILITIES 563,021 243,989
Creditors: Amounts Falling Due After More Than One Year 7 (736,600 ) (460,658 )
NET LIABILITIES (173,579 ) (216,669 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (173,679 ) (216,769 )
SHAREHOLDERS' FUNDS (173,579) (216,669)
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
Ms Fiona Rodford
Director
Mr Michael Lennard
Director
26/02/2024
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 August 2021 100 (275,761 ) (275,661)
Profit for the year and total comprehensive income - 58,992 58,992
As at 31 July 2022 and 1 August 2022 100 (216,769 ) (216,669)
Profit for the year and total comprehensive income - 43,090 43,090
As at 31 July 2023 100 (173,679 ) (173,579)
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Cheverells Property Investments Limited Registered number 09702975 is a limited by shares company incorporated in England & Wales. The Registered Office is Celtic House Caxton Place, Pentwyn, Cardiff, South Glamorgan, CF23 8HA.
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
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Computer Equipment 33.33% Straight Line Basis
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 2 2
2 2
Page 4
Page 5
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2022 2,615
As at 31 July 2023 2,615
Depreciation
As at 1 August 2022 2,615
As at 31 July 2023 2,615
Net Book Value
As at 31 July 2023 -
As at 1 August 2022 -
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 165,984
Cheverells Business Services Limited 20,317 18,317
Cheverells Property Management Limited 61,674 61,194
81,991 245,495
Due after more than one year
Amounts owed by other participating interests 452,768 -
452,768 -
534,759 245,495
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accrued expenses 1,937 3,746
1,937 3,746
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Directors loan account 736,600 460,658
736,600 460,658
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5
Page 6
9. Related Party Transactions
No dividends were voted during the financial year.
The Directors M A Lennard and F M Rodford are Directors and Shareholders of Cheverells Business Services Limited; as at the year end the company was owed £20,317 (2022: £18,317). This balance is shown within debtors on the balance sheet.
The Directors M A Lennard and F M Rodford are Directors of Cheverells Property Management Limited; as at the year end the company owed £61,674 (2022: £61,194). This balance is shown within debtors on the balance sheet.
10. Ultimate Controlling Party
The company's ultimate controlling parties are M Lennard and F Rodford by virtue of their shareholdings.
Page 6