Acorah Software Products - Accounts Production 15.0.500 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 02273511 Mr Richard Fox Mr Robert Webb Miss Diane Upton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02273511 2023-06-30 02273511 2024-06-30 02273511 2023-07-01 2024-06-30 02273511 frs-core:CurrentFinancialInstruments 2024-06-30 02273511 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 02273511 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02273511 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 02273511 frs-core:SharePremium 2024-06-30 02273511 frs-core:ShareCapital 2024-06-30 02273511 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 02273511 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02273511 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 02273511 frs-bus:SmallEntities 2023-07-01 2024-06-30 02273511 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02273511 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 02273511 frs-bus:Director1 2023-07-01 2024-06-30 02273511 frs-bus:Director2 2023-07-01 2024-06-30 02273511 frs-bus:Director3 2023-07-01 2024-06-30 02273511 frs-core:CurrentFinancialInstruments 1 2024-06-30 02273511 frs-countries:EnglandWales 2023-07-01 2024-06-30 02273511 2022-06-30 02273511 2023-06-30 02273511 2022-07-01 2023-06-30 02273511 frs-core:CurrentFinancialInstruments 2023-06-30 02273511 frs-core:SharePremium 2023-06-30 02273511 frs-core:ShareCapital 2023-06-30 02273511 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 02273511 frs-core:CurrentFinancialInstruments 1 2023-06-30
Registered number: 02273511
Southdown Court Management Co Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
E. H. Taylors
203 London Road
Hadleigh
Benfleet
Essex
SS7 2RD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02273511
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,753 3,753
3,753 3,753
CURRENT ASSETS
Cash at bank and in hand 10,011 8,161
10,011 8,161
Creditors: Amounts Falling Due Within One Year 5 (8,927 ) (7,077 )
NET CURRENT ASSETS (LIABILITIES) 1,084 1,084
TOTAL ASSETS LESS CURRENT LIABILITIES 4,837 4,837
NET ASSETS 4,837 4,837
CAPITAL AND RESERVES
Called up share capital 6 7 7
Share premium account 3,657 3,657
Profit and Loss Account 1,173 1,173
SHAREHOLDERS' FUNDS 4,837 4,837
Page 1
Page 2
For the year ending 30 June 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
Miss Diane Upton
Director
30th 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
Southdown Court Management Co Limited Registered number 02273511 is a private limited by shares company incorporated in England & Wales. The Registered Office is Flat 4 Southdown Court, 133 Broadway, Leigh On Sea, Essex, SS9 1PJ.
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 as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
• the amount of revenue can be measured reliably;
• it is probable that the company will receive the consideration due under the contract;
• the stage of completion of the contract at the end of the reporting period can be measured reliably; and
• the costs incurred and the costs to complete the contract can be measured reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by the management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.
The assets’ residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or, if there is an indication of a significant change since the last reporting date.
Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Depreciation is provided on the following basis:
Freehold N/A
2.4. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
...CONTINUED
Page 3
Page 4
2.4. Financial Instruments - continued
Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised 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 a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
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 July 2023 3,753
As at 30 June 2024 3,753
Net Book Value
As at 30 June 2024 3,753
As at 1 July 2023 3,753
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 744 709
Advance maintenance payments 8,183 6,368
8,927 7,077
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 7 7
Page 4