Acorah Software Products - Accounts Production 15.0.500 false true false 11 November 2022 30 November 2023 30 November 2023 14478289 Mrs S H Elliott Mr D Elliott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14478289 2022-11-10 14478289 2023-11-30 14478289 2022-11-11 2023-11-30 14478289 frs-core:CurrentFinancialInstruments 2023-11-30 14478289 frs-core:ShareCapital 2023-11-30 14478289 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 14478289 frs-bus:PrivateLimitedCompanyLtd 2022-11-11 2023-11-30 14478289 frs-bus:FilletedAccounts 2022-11-11 2023-11-30 14478289 frs-bus:SmallEntities 2022-11-11 2023-11-30 14478289 frs-bus:AuditExempt-NoAccountantsReport 2022-11-11 2023-11-30 14478289 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-11 2023-11-30 14478289 frs-bus:Director1 2022-11-11 2023-11-30 14478289 frs-bus:Director2 2022-11-11 2023-11-30 14478289 frs-countries:EnglandWales 2022-11-11 2023-11-30
Beech Tree Property Management Ltd
Unaudited Financial Statements
For the Period 11 November 2022 to 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14478289
30 November 2023
Notes £ £
FIXED ASSETS
Investment Properties 4 445,848
445,848
CURRENT ASSETS
Debtors 5 1,356
Cash at bank and in hand 2,972
4,328
Creditors: Amounts Falling Due Within One Year 6 (412,682 )
NET CURRENT ASSETS (LIABILITIES) (408,354 )
TOTAL ASSETS LESS CURRENT LIABILITIES 37,494
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,250 )
NET ASSETS 21,244
CAPITAL AND RESERVES
Called up share capital 7 1
Profit and Loss Account 21,243
SHAREHOLDERS' FUNDS 21,244
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 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 D Elliott
Director
19 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
Beech Tree Property Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14478289 . The registered office is Mill House, Liphook Road, Haslemere, Surrey, GU27 3QE.
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.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 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. 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.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares, which are measured at fair value, with changes recognised in profit or loss. 
Derivative financial instruments, where applicable, are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and a deferred tax provision where necessary in accordance with accounting standards.
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 material 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. Where a reliable tax rate cannot be forecast, a deferred tax provision is calculated at the highest tax rate possibly applicable, based on tax rates (and tax laws) enacted by the end of the reporting date. 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.
Page 3
Page 4
3. Average Number of Employees
The average number of employees, including directors, during the year was as follows: 2
2
4. Investment Property
30 November 2023
£
Fair Value
As at 11 November 2022 -
Additions 380,848
Revaluations 65,000
As at 30 November 2023 445,848
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
30 November 2023
£
Cost 380,848
At the balance sheet date, the director valued the investment property alone at £385,000. Capital costs incurred to date amounted to £60,848.
5. Debtors
30 November 2023
£
Due within one year
Trade debtors 59
Other debtors 1,297
1,356
6. Creditors: Amounts Falling Due Within One Year
30 November 2023
£
Trade creditors 144
Other creditors 412,538
412,682
Included within Other creditors above are unsecured loans from the director of £408,349 . These loans are interest free and repayable on demand.
7. Share Capital
30 November 2023
£
Allotted, Called up and fully paid 1
Page 4