Acorah Software Products - Accounts Production 15.0.500 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 07642494 Ms L Billet Ms M Habberfield Mr H Tate iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07642494 2023-05-31 07642494 2024-05-31 07642494 2023-06-01 2024-05-31 07642494 frs-core:CurrentFinancialInstruments 2024-05-31 07642494 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 07642494 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07642494 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 07642494 frs-core:OtherReservesSubtotal 2024-05-31 07642494 frs-core:ShareCapital 2024-05-31 07642494 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 07642494 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07642494 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 07642494 frs-bus:SmallEntities 2023-06-01 2024-05-31 07642494 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07642494 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07642494 frs-bus:Director1 2023-06-01 2024-05-31 07642494 frs-bus:Director2 2023-06-01 2024-05-31 07642494 frs-bus:Director3 2023-06-01 2024-05-31 07642494 frs-countries:EnglandWales 2023-06-01 2024-05-31 07642494 2022-05-31 07642494 2023-05-31 07642494 2022-06-01 2023-05-31 07642494 frs-core:CurrentFinancialInstruments 2023-05-31 07642494 frs-core:OtherReservesSubtotal 2023-05-31 07642494 frs-core:ShareCapital 2023-05-31 07642494 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 07642494
Masons Court Management Company No.2 Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07642494
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,558 1,780
1,558 1,780
CURRENT ASSETS
Debtors 5 1,200 600
Cash at bank and in hand 3,168 7,116
4,368 7,716
Creditors: Amounts Falling Due Within One Year 6 (2,347 ) (2,389 )
NET CURRENT ASSETS (LIABILITIES) 2,021 5,327
TOTAL ASSETS LESS CURRENT LIABILITIES 3,579 7,107
NET ASSETS 3,579 7,107
CAPITAL AND RESERVES
Called up share capital 7 3 3
Other reserves 1,559 1,781
Profit and Loss Account 2,017 5,323
SHAREHOLDERS' FUNDS 3,579 7,107
Page 1
Page 2
For the year ending 31 May 2024 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
Mr H Tate
Director
4 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
Masons Court Management Company No.2 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07642494 . The registered office is 2 The Old Estate Yard High Street, East Hendred, Wantage, Oxfordshire, OX12 8JY.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. 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 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:
Freehold 5% Straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 June 2023 4,445
As at 31 May 2024 4,445
Depreciation
As at 1 June 2023 2,665
Provided during the period 222
As at 31 May 2024 2,887
Net Book Value
As at 31 May 2024 1,558
As at 1 June 2023 1,780
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,200 600
1,200 600
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 648 690
Directors' loan accounts 1,699 1,699
2,347 2,389
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
8. Reserves
Each member of the company pays a regular contribution towards the upkeep and management of the property known as Masons' Court. A transfer is made each year from the other reserve to the members' reserve. The value of the other reserve tracks the value of the freehold property. 
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