Acorah Software Products - Accounts Production 15.0.500 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 08404198 Mr Nicholas Yianni iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08404198 2023-02-28 08404198 2024-02-29 08404198 2023-03-01 2024-02-29 08404198 frs-core:CurrentFinancialInstruments 2024-02-29 08404198 frs-core:FurnitureFittings 2024-02-29 08404198 frs-core:FurnitureFittings 2023-03-01 2024-02-29 08404198 frs-core:FurnitureFittings 2023-02-28 08404198 frs-core:ShareCapital 2024-02-29 08404198 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 08404198 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08404198 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 08404198 frs-bus:SmallEntities 2023-03-01 2024-02-29 08404198 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08404198 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08404198 frs-bus:Director1 2023-03-01 2024-02-29 08404198 frs-countries:EnglandWales 2023-03-01 2024-02-29 08404198 2022-02-28 08404198 2023-02-28 08404198 2022-03-01 2023-02-28 08404198 frs-core:CurrentFinancialInstruments 2023-02-28 08404198 frs-core:ShareCapital 2023-02-28 08404198 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 08404198
Mansfield Place Management Co Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Mouktaris & Co Ltd
Chartered Accountants & Registered Auditors
156a Burnt Oak Broadway
Edgware
Middlesex
HA8 0AX
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 08404198
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 348 464
348 464
CURRENT ASSETS
Cash at bank and in hand 8,822 6,748
8,822 6,748
Creditors: Amounts Falling Due Within One Year 5 (7,895 ) (5,975 )
NET CURRENT ASSETS (LIABILITIES) 927 773
TOTAL ASSETS LESS CURRENT LIABILITIES 1,275 1,237
PROVISIONS FOR LIABILITIES
Provisions For Charges (1,080 ) (880 )
NET ASSETS 195 357
CAPITAL AND RESERVES
Called up share capital 6 105 105
Income Statement 90 252
SHAREHOLDERS' FUNDS 195 357
Page 1
Page 2
For the year ending 29 February 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 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 Income Statement.
On behalf of the board
Mr Nicholas Yianni
Director
26 July 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
Mansfield Place Management Co Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08404198 . The registered office is 156a Burnt Oak Broadway, Edgware, Middlesex, HA8 0AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements are prepared in sterling, which is the functional currency of the entity.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned 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. 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:
Fixtures & Fittings 25% reducing balance
2.4. Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and where material are subsequently measured at amortised cost using the effective interest method, less any impairment.
2.5. Basic financial liabilities
Basic financial liabilities, including trade and other payables and loans from company undertakings that are classified as debt are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest.
2.6. Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 March 2023 2,719
As at 29 February 2024 2,719
Depreciation
As at 1 March 2023 2,255
Provided during the period 116
As at 29 February 2024 2,371
...CONTINUED
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Net Book Value
As at 29 February 2024 348
As at 1 March 2023 464
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Reserve fund 7,895 5,975
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 105 105
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