Acorah Software Products - Accounts Production 14.6.300 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 12936077 Mrs Lindsay Morris Mr Edward Morris Mrs Lindsay Morris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12936077 2022-10-31 12936077 2023-10-31 12936077 2022-11-01 2023-10-31 12936077 frs-core:CurrentFinancialInstruments 2023-10-31 12936077 frs-core:Non-currentFinancialInstruments 2023-10-31 12936077 frs-core:ComputerEquipment 2022-11-01 2023-10-31 12936077 frs-core:ShareCapital 2023-10-31 12936077 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12936077 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12936077 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 12936077 frs-bus:SmallEntities 2022-11-01 2023-10-31 12936077 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12936077 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12936077 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-11-01 2023-10-31 12936077 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 12936077 frs-bus:Director1 2022-11-01 2023-10-31 12936077 frs-bus:Director2 2022-11-01 2023-10-31 12936077 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 12936077 frs-countries:EnglandWales 2022-11-01 2023-10-31 12936077 2021-10-31 12936077 2022-10-31 12936077 2021-11-01 2022-10-31 12936077 frs-core:CurrentFinancialInstruments 2022-10-31 12936077 frs-core:Non-currentFinancialInstruments 2022-10-31 12936077 frs-core:ShareCapital 2022-10-31 12936077 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 12936077 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-10-31
Registered number: 12936077
Future-proof Property Services Limited
Financial Statements
For The Year Ended 31 October 2023
Trevelyan & Company Ltd
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12936077
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 310,000 305,251
310,000 305,251
CURRENT ASSETS
Cash at bank and in hand 3,978 2,597
3,978 2,597
Creditors: Amounts Falling Due Within One Year 5 (6,552 ) (8,097 )
NET CURRENT ASSETS (LIABILITIES) (2,574 ) (5,500 )
TOTAL ASSETS LESS CURRENT LIABILITIES 307,426 299,751
Creditors: Amounts Falling Due After More Than One Year 6 (308,561 ) (306,446 )
NET LIABILITIES (1,135 ) (6,695 )
CAPITAL AND RESERVES
Called up share capital 8 200 200
Fair Value Reserve 9 (4,749 ) -
Profit and Loss Account 3,414 (6,895 )
SHAREHOLDERS' FUNDS (1,135) (6,695)
Page 1
Page 2
For the year ending 31 October 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 Edward Morris
Director
24/07/2024
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
Future-proof Property Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12936077 . The registered office is 4 Bond Terrace, Wakefield, West Yorkshire, WF1 2HW.
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. Although the company's liabilites exceed it's assets, it is supported by the directors and expects to strengthen the position in future years. 
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.
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:
Computer Equipment 33.33% SL
2.5. 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. Investment Property
2023
£
Fair Value
As at 1 November 2022 305,251
Fair value adjustments 4,749
As at 31 October 2023 310,000
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts - 115
Other creditors 950 950
Accruals and deferred income 1,095 1,034
Directors' loan accounts 4,507 5,998
6,552 8,097
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6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 221,850 221,850
Other creditors 86,711 84,596
308,561 306,446
7. Secured Creditors
Of the creditors the following amounts are secured against the investment property.
2023 2022
£ £
Bank loans and overdrafts 221,850 221,850
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 200 200
9. Reserves
Fair Value Reserve
£
Transfer to profit and loss (4,749 )
As at 31 October 2023 (4,749 )
10. Related Party Transactions
At the year end Future-proof Property Services Limited owed an amount to Future-proof Financial Services Limited of £86,710.62 (2022: £84,595.73). The loan is interest only and was agreed at the outset at 2.5% p.a, there is no security held against this loan. 
Mr E Morris is a director and shareholder of both companies.
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