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Registered number: 06372102
C P (Norwich) Limited
Director's Report and
Unaudited Financial Statements
For the Period 1 April 2023 to 31 January 2024
Clarke Accountancy Ltd
Contents
Page
Company Information 1
Director's Report 2
Accountant's Report 3
Profit and Loss Account 4
Balance Sheet 5—6
Notes to the Financial Statements 7—8
Page 1
Company Information
Director Mr Romain Robert
Company Number 06372102
Registered Office Dashwood House
1 Tyrells Road
Great Yarmouth
Norfolk
NR31 0AR
Accountants Clarke Accountancy Ltd
Dashwood House
1 Tyrells Road
Great Yarmouth
Norfolk
NR31 0AR
Page 1
Page 2
Director's Report
The director presents his report and the financial statements for the period ended 31 January 2024.
Principal Activity
The company's principal activity continues to be that of the rental of owned real estate.
Directors
The director who held office during the period were as follows:
Mr Romain Robert
Statement of Director's Responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Romain Robert
Director
05/06/2024
Page 2
Page 3
Accountant's Report
Report of the Accountant to the director of C P (Norwich) Limited
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the period ended 31 January 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting period. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Signed
Edward Clarke, BSc (Hons), MAAT
05/06/2024
Clarke Accountancy Ltd
Dashwood House
1 Tyrells Road
Great Yarmouth
Norfolk
NR31 0AR
Page 3
Page 4
Profit and Loss Account
31 January 2024 31 March 2023
Notes £ £
TURNOVER 23,346 37,775
GROSS PROFIT 23,346 37,775
Administrative expenses (6,244 ) (16,997 )
OPERATING PROFIT 17,102 20,778
Profit on revaluation of investment property 414,155 -
Interest payable and similar charges (31,692 ) (47,463 )
PROFIT/(LOSS) BEFORE TAXATION 399,565 (26,685 )
Tax on Profit/(loss) (97,620 ) -
PROFIT/(LOSS) AFTER TAXATION BEING PROFIT/(LOSS) FOR THE FINANCIAL PERIOD 301,945 (26,685 )
The notes on pages 7 to 8 form part of these financial statements.
Page 4
Page 5
Balance Sheet
31 January 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,280,000 862,793
1,280,000 862,793
CURRENT ASSETS
Cash at bank and in hand 8,445 6,591
8,445 6,591
Creditors: Amounts Falling Due Within One Year 5 (417,122 ) (401,693 )
NET CURRENT ASSETS (LIABILITIES) (408,677 ) (395,102 )
TOTAL ASSETS LESS CURRENT LIABILITIES 871,323 467,691
Creditors: Amounts Falling Due After More Than One Year 6 (345,202 ) (345,202 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (127,491 ) (25,804 )
NET ASSETS 398,630 96,685
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 398,629 96,684
SHAREHOLDERS' FUNDS 398,630 96,685
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Page 6
For the period 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mr Romain Robert
Director
05/06/2024
The notes on pages 7 to 8 form part of these financial statements.
Page 6
Page 7
Notes to the Financial Statements
1. General Information
C P (Norwich) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06372102 . The registered office is Dashwood House, 1 Tyrells Road, Great Yarmouth, Norfolk, NR31 0AR.
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. 
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 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:
Freehold Not depreciated
Leasehold Not depreciated
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.
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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2023: 1)
1 1
4. Investment Property
31 January 2024
£
Fair Value
As at 1 April 2023 862,793
Additions 3,052
Fair value adjustments 414,155
As at 31 January 2024 1,280,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
31 January 2024 31 March 2023
£ £
Cost 730,035 726,983
5. Creditors: Amounts Falling Due Within One Year
31 January 2024 31 March 2023
£ £
Trade creditors 375 405
Amounts owed to group undertakings 332,390 326,416
Amounts owed to associates 84,357 74,872
417,122 401,693
6. Creditors: Amounts Falling Due After More Than One Year
31 January 2024 31 March 2023
£ £
Bank loans 345,202 345,202
7. Share Capital
31 January 2024 31 March 2023
£ £
Allotted, Called up and fully paid 1 1
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