Acorah Software Products - Accounts Production 15.0.500 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 12519728 Mr Thomas Murray Peacock iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12519728 2023-03-31 12519728 2024-03-31 12519728 2023-04-01 2024-03-31 12519728 frs-core:CurrentFinancialInstruments 2024-03-31 12519728 frs-core:Non-currentFinancialInstruments 2024-03-31 12519728 frs-core:RevaluationReserve 2023-04-01 2024-03-31 12519728 frs-core:RevaluationReserve 2023-03-31 12519728 frs-core:RevaluationReserve 2024-03-31 12519728 frs-core:ShareCapital 2024-03-31 12519728 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12519728 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12519728 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 12519728 frs-bus:SmallEntities 2023-04-01 2024-03-31 12519728 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12519728 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12519728 frs-bus:Director1 2023-04-01 2024-03-31 12519728 frs-countries:EnglandWales 2023-04-01 2024-03-31 12519728 2022-03-31 12519728 2023-03-31 12519728 2022-04-01 2023-03-31 12519728 frs-core:CurrentFinancialInstruments 2023-03-31 12519728 frs-core:Non-currentFinancialInstruments 2023-03-31 12519728 frs-core:RevaluationReserve 2023-03-31 12519728 frs-core:ShareCapital 2023-03-31 12519728 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 12519728
Tom Peacock Property Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12519728
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 169,000 152,999
169,000 152,999
CURRENT ASSETS
Debtors 5 149 145
Cash at bank and in hand 2,542 2,605
2,691 2,750
Creditors: Amounts Falling Due Within One Year 6 (103,489 ) (104,978 )
NET CURRENT ASSETS (LIABILITIES) (100,798 ) (102,228 )
TOTAL ASSETS LESS CURRENT LIABILITIES 68,202 50,771
Creditors: Amounts Falling Due After More Than One Year 7 (42,122 ) (42,122 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (32,110 ) -
NET (LIABILITIES)/ASSETS (6,030 ) 8,649
CAPITAL AND RESERVES
Called up share capital 8 1 1
Revaluation reserve 9 20,829 4,828
Profit and Loss Account (26,860 ) 3,820
SHAREHOLDERS' FUNDS (6,030) 8,649
Page 1
Page 2
For the year ending 31 March 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 Profit and Loss Account.
On behalf of the board
Mr Thomas Murray Peacock
Director
15/07/2024
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
Tom Peacock Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12519728 . The registered office is 30 Hillside Gardens, Barnet, EN5 2NJ.
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 identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. 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.
2.5. 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: 1 (2023: 1)
1 1
Page 3
Page 4
4. Investment Property
2024
£
Fair Value
As at 1 April 2023 152,999
Revaluations 16,001
As at 31 March 2024 169,000
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 149 145
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 1,539 1,040
Director's loan account 101,950 103,938
103,489 104,978
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 42,122 42,122
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Reserves
Revaluation Reserve
£
As at 1 April 2023 4,828
Net investment property revaluation reserve 16,001
As at 31 March 2024 20,829
Page 4