Acorah Software Products - Accounts Production 15.0.500 false true false 17 November 2022 30 November 2023 30 November 2023 14489798 Mr Matthew De-Machen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14489798 2022-11-16 14489798 2023-11-30 14489798 2022-11-17 2023-11-30 14489798 frs-core:CurrentFinancialInstruments 2023-11-30 14489798 frs-core:Non-currentFinancialInstruments 2023-11-30 14489798 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 14489798 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-17 2023-11-30 14489798 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-16 14489798 frs-core:ShareCapital 2023-11-30 14489798 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 14489798 frs-bus:PrivateLimitedCompanyLtd 2022-11-17 2023-11-30 14489798 frs-bus:FilletedAccounts 2022-11-17 2023-11-30 14489798 frs-bus:SmallEntities 2022-11-17 2023-11-30 14489798 frs-bus:AuditExempt-NoAccountantsReport 2022-11-17 2023-11-30 14489798 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-17 2023-11-30 14489798 frs-bus:Director1 2022-11-17 2023-11-30 14489798 frs-countries:EnglandWales 2022-11-17 2023-11-30
Registered number: 14489798
De-Machen Property Limited
Unaudited Financial Statements
For the Period 17 November 2022 to 30 November 2023
Burns & Co (Accountants) Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14489798
30 November 2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 1,320,132
1,320,132
CURRENT ASSETS
Cash at bank and in hand 371,722
371,722
Creditors: Amounts Falling Due Within One Year 5 (11,560 )
NET CURRENT ASSETS (LIABILITIES) 360,162
TOTAL ASSETS LESS CURRENT LIABILITIES 1,680,294
Creditors: Amounts Falling Due After More Than One Year 6 (1,670,233 )
NET ASSETS 10,061
CAPITAL AND RESERVES
Called up share capital 7 (101 )
Profit and Loss Account 10,162
SHAREHOLDERS' FUNDS 10,061
Page 1
Page 2
For the period ending 30 November 2023 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 Matthew De-Machen
Director
30/07/2024
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
De-Machen Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14489798 . The registered office is 2A Bank Street, Tonbrisge, Kent, TN9 1BL.
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 measured at the fair value of the consideration received or receivable, net of discounts for rental properties.
2.3. 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 period was: 1
1
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 17 November 2022 -
Additions 1,320,132
As at 30 November 2023 1,320,132
Net Book Value
As at 30 November 2023 1,320,132
As at 17 November 2022 -
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5. Creditors: Amounts Falling Due Within One Year
30 November 2023
£
Corporation tax 11,060
Accruals and deferred income 500
11,560
6. Creditors: Amounts Falling Due After More Than One Year
30 November 2023
£
Amounts owed to parent undertaking 1,670,233
1,670,233
7. Share Capital
30 November 2023
£
Allotted, Called up and fully paid (101 )
8. Dividends
30 November 2023
£
On equity shares:
Final dividend paid 30,000
30,000
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