Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 SC456842 C A McMorris B H O'Brien T J Elliott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC456842 2022-10-31 SC456842 2023-10-31 SC456842 2022-11-01 2023-10-31 SC456842 frs-core:CurrentFinancialInstruments 2023-10-31 SC456842 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 SC456842 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 SC456842 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-10-31 SC456842 frs-core:ShareCapital 2023-10-31 SC456842 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC456842 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 SC456842 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 SC456842 frs-bus:SmallEntities 2022-11-01 2023-10-31 SC456842 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 SC456842 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 SC456842 frs-bus:Director1 2022-11-01 2023-10-31 SC456842 frs-bus:Director2 2022-11-01 2023-10-31 SC456842 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 SC456842 frs-countries:Scotland 2022-11-01 2023-10-31 SC456842 2021-10-31 SC456842 2022-10-31 SC456842 2021-11-01 2022-10-31 SC456842 frs-core:CurrentFinancialInstruments 2022-10-31 SC456842 frs-core:ShareCapital 2022-10-31 SC456842 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: SC456842
Wm. Armstrong's Property Ltd.
Unaudited Financial Statements
For The Year Ended 31 October 2023
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC456842
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 207,638 212,829
207,638 212,829
CURRENT ASSETS
Cash at bank and in hand 7,749 29,065
7,749 29,065
Creditors: Amounts Falling Due Within One Year 5 (14,609 ) (16,405 )
NET CURRENT ASSETS (LIABILITIES) (6,860 ) 12,660
TOTAL ASSETS LESS CURRENT LIABILITIES 200,778 225,489
NET ASSETS 200,778 225,489
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account 200,776 225,487
SHAREHOLDERS' FUNDS 200,778 225,489
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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
C A McMorris
Director
30 July 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Wm. Armstrong's Property Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC456842 . The registered office is Mazars Capital Square, 58 Morrison Street, Edinburgh, EH3 8BP.
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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
2.3. 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 2% straight line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 November 2022 259,548
As at 31 October 2023 259,548
Depreciation
As at 1 November 2022 46,719
Provided during the period 5,191
As at 31 October 2023 51,910
Net Book Value
As at 31 October 2023 207,638
As at 1 November 2022 212,829
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1 1,200
Corporation tax 12,556 12,025
Accruals and deferred income 2,052 3,180
14,609 16,405
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
7. Related Party Transactions
As a wholly owned subsidiary of WM Armstrong's (Holdings) Ltd, advantage has been taken of the exemption granted by FRS 102 not to report details of the transactions with entities which are 100% controlled by a common parent undertaking.
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