Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 13242870 Mr Matthew Sale iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13242870 2023-03-31 13242870 2024-03-31 13242870 2023-04-01 2024-03-31 13242870 frs-core:CurrentFinancialInstruments 2024-03-31 13242870 frs-core:Non-currentFinancialInstruments 2024-03-31 13242870 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 13242870 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-31 13242870 frs-core:ShareCapital 2024-03-31 13242870 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13242870 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13242870 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13242870 frs-bus:SmallEntities 2023-04-01 2024-03-31 13242870 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13242870 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13242870 frs-bus:Director1 2023-04-01 2024-03-31 13242870 frs-countries:EnglandWales 2023-04-01 2024-03-31 13242870 2022-03-31 13242870 2023-03-31 13242870 2022-04-01 2023-03-31 13242870 frs-core:CurrentFinancialInstruments 2023-03-31 13242870 frs-core:Non-currentFinancialInstruments 2023-03-31 13242870 frs-core:ShareCapital 2023-03-31 13242870 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13242870
Mbs Property Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13242870
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 75,000 74,476
75,000 74,476
CURRENT ASSETS
Debtors 4 999 100
Cash at bank and in hand 20,668 1,684
21,667 1,784
Creditors: Amounts Falling Due Within One Year 5 (30,282 ) (20,060 )
NET CURRENT ASSETS (LIABILITIES) (8,615 ) (18,276 )
TOTAL ASSETS LESS CURRENT LIABILITIES 66,385 56,200
Creditors: Amounts Falling Due After More Than One Year 6 (56,545 ) (46,049 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,910 ) (1,910 )
NET ASSETS 7,930 8,241
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 7,830 8,141
SHAREHOLDERS' FUNDS 7,930 8,241
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 Matthew Sale
Director
23/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
1.3. 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.
1.4. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
1.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 1 1
1 1
3. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 April 2023 74,476
Revaluation 524
As at 31 March 2024 75,000
Net Book Value
As at 31 March 2024 75,000
As at 1 April 2023 74,476
4. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 899 -
Other debtors 100 100
999 100
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5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Director's loan account 30,282 20,060
30,282 20,060
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 56,545 46,049
56,545 46,049
7. Secured Creditors
Of the creditors falling due after more than one year the following amount is secured by a fixed charge over the investment property. The mortgage is interest only with terms of 30 years.
2024 2023
£ £
Bank loans and overdrafts 56,545 46,049
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. General Information
Mbs Property Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13242870 . The registered office is 203 West Street, Fareham, Hampshire, PO16 0EN.
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