Acorah Software Products - Accounts Production 15.0.500 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 08356757 Mr S W Newbury Mr G P Newbury iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08356757 2023-01-31 08356757 2024-01-31 08356757 2023-02-01 2024-01-31 08356757 frs-core:CurrentFinancialInstruments 2024-01-31 08356757 frs-core:Non-currentFinancialInstruments 2024-01-31 08356757 frs-core:BetweenOneFiveYears 2024-01-31 08356757 frs-core:ComputerEquipment 2024-01-31 08356757 frs-core:ComputerEquipment 2023-02-01 2024-01-31 08356757 frs-core:ComputerEquipment 2023-01-31 08356757 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-01 2024-01-31 08356757 frs-core:FurnitureFittings 2024-01-31 08356757 frs-core:FurnitureFittings 2023-02-01 2024-01-31 08356757 frs-core:FurnitureFittings 2023-01-31 08356757 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 08356757 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 08356757 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-31 08356757 frs-core:OtherResidualIntangibleAssets 2024-01-31 08356757 frs-core:OtherResidualIntangibleAssets 2023-02-01 2024-01-31 08356757 frs-core:OtherResidualIntangibleAssets 2023-01-31 08356757 frs-core:WithinOneYear 2024-01-31 08356757 frs-core:ShareCapital 2024-01-31 08356757 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08356757 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08356757 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 08356757 frs-bus:SmallEntities 2023-02-01 2024-01-31 08356757 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08356757 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08356757 frs-core:CostValuation 2023-01-31 08356757 frs-core:CostValuation 2024-01-31 08356757 frs-core:ProvisionsForImpairmentInvestments 2023-01-31 08356757 frs-core:ProvisionsForImpairmentInvestments 2024-01-31 08356757 frs-bus:Director1 2023-02-01 2024-01-31 08356757 frs-bus:Director2 2023-02-01 2024-01-31 08356757 frs-countries:EnglandWales 2023-02-01 2024-01-31 08356757 2022-01-31 08356757 2023-01-31 08356757 2022-02-01 2023-01-31 08356757 frs-core:CurrentFinancialInstruments 2023-01-31 08356757 frs-core:Non-currentFinancialInstruments 2023-01-31 08356757 frs-core:BetweenOneFiveYears 2023-01-31 08356757 frs-core:WithinOneYear 2023-01-31 08356757 frs-core:ShareCapital 2023-01-31 08356757 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 08356757
Managed Property Services (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Clouders (Audit & Accounts) Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 08356757
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,125 14,024
Tangible Assets 5 5,847 5,152
Investments 6 345,694 345,694
355,666 364,870
CURRENT ASSETS
Debtors 7 162,571 454,983
Cash at bank and in hand 16,819 31,441
179,390 486,424
Creditors: Amounts Falling Due Within One Year 8 (553,667 ) (808,550 )
NET CURRENT ASSETS (LIABILITIES) (374,277 ) (322,126 )
TOTAL ASSETS LESS CURRENT LIABILITIES (18,611 ) 42,744
Creditors: Amounts Falling Due After More Than One Year 9 (13,950 ) (27,650 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (841 ) (333 )
NET (LIABILITIES)/ASSETS (33,402 ) 14,761
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account (33,502 ) 14,661
SHAREHOLDERS' FUNDS (33,402) 14,761
Page 1
Page 2
For the year ending 31 January 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
Mr G P Newbury
Director
22/07/2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Managed Property Services (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08356757 . The registered office is Cumberland House, 24-28 Baxter Avenue, Southend-on-Sea, Essex, SS2 6HZ.
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 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.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are initially measured at cost. After initial recognition, they are measured at cost less any accumulated amortisation and any accumulated impairment losses. Computer software is amortised over its estimated economic life of five years.
2.4. 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:
Leasehold Straight line over the period of the lease
Fixtures & Fittings 15% on reducing balance
Computer Equipment 33% on cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.6. 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.
Current tax attributable to losses surrendered or received under group relief claims is credited or charged to the profit and loss account as part of the tax charge for the period. The credit or charge is calculated by reference to the relief obtained by the recipient company.
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: 7 (2023: 7)
7 7
4. Intangible Assets
Other
£
Cost
As at 1 February 2023 49,495
As at 31 January 2024 49,495
Amortisation
As at 1 February 2023 35,471
Provided during the period 9,899
As at 31 January 2024 45,370
Net Book Value
As at 31 January 2024 4,125
As at 1 February 2023 14,024
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Page 5
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 3,001 7,113 30,249 40,363
Additions - - 4,010 4,010
Disposals - - (1,327 ) (1,327 )
As at 31 January 2024 3,001 7,113 32,932 43,046
Depreciation
As at 1 February 2023 2,401 4,124 28,686 35,211
Provided during the period 600 449 999 2,048
Disposals - - (60 ) (60 )
As at 31 January 2024 3,001 4,573 29,625 37,199
Net Book Value
As at 31 January 2024 - 2,540 3,307 5,847
As at 1 February 2023 600 2,989 1,563 5,152
6. Investments
Subsidiaries
£
Cost
As at 1 February 2023 345,694
As at 31 January 2024 345,694
Provision
As at 1 February 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 345,694
As at 1 February 2023 345,694
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 130,753 381,929
Prepayments and accrued income 31,818 62,930
Directors' loan accounts - 10,124
162,571 454,983
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,539 10,051
Trade creditors 316,078 581,963
Bank loans and overdrafts 10,162 9,911
Other taxes and social security 63,982 56,727
Other creditors 22,414 19,818
Accruals and deferred income 42,179 78,665
Directors' loan accounts 23,976 -
Amounts owed to group undertakings 71,337 51,415
553,667 808,550
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 3,539
Bank loans 13,950 24,111
13,950 27,650
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,539 10,051
Later than one year and not later than five years - 3,539
3,539 13,590
3,539 13,590
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11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 12,568 13,588
Later than one year and not later than five years 12,643 897
25,211 14,485
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