Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 09972062 Mr Glenn Clinch Mr Richard Woodhead Mr Anthony McElligott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09972062 2023-05-31 09972062 2024-05-31 09972062 2023-06-01 2024-05-31 09972062 frs-core:CurrentFinancialInstruments 2024-05-31 09972062 frs-core:Non-currentFinancialInstruments 2024-05-31 09972062 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 09972062 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 09972062 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 09972062 frs-core:RevaluationReserve 2023-05-31 09972062 frs-core:RevaluationReserve 2024-05-31 09972062 frs-core:ShareCapital 2024-05-31 09972062 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 09972062 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09972062 frs-bus:AbridgedAccounts 2023-06-01 2024-05-31 09972062 frs-bus:SmallEntities 2023-06-01 2024-05-31 09972062 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09972062 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09972062 frs-core:UnlistedNon-exchangeTraded 2024-05-31 09972062 frs-core:UnlistedNon-exchangeTraded 2023-05-31 09972062 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-05-31 09972062 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-05-31 09972062 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-05-31 09972062 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-05-31 09972062 frs-bus:Director1 2023-06-01 2024-05-31 09972062 frs-bus:Director2 2023-06-01 2024-05-31 09972062 frs-bus:Director3 2023-06-01 2024-05-31 09972062 frs-core:CurrentFinancialInstruments 1 2024-05-31 09972062 frs-countries:EnglandWales 2023-06-01 2024-05-31 09972062 2022-05-31 09972062 2023-05-31 09972062 2022-06-01 2023-05-31 09972062 frs-core:CurrentFinancialInstruments 2023-05-31 09972062 frs-core:Non-currentFinancialInstruments 2023-05-31 09972062 frs-core:RevaluationReserve 2023-05-31 09972062 frs-core:ShareCapital 2023-05-31 09972062 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 09972062 frs-core:CurrentFinancialInstruments 1 2023-05-31
Registered number: 09972062
Mansard Estates Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 May 2024
Thomas and Company Accountants LLP
Contents
Page
Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09972062
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 390,000 390,000
Investment Properties 5 980,000 420,000
Investments 6 25 25
1,370,025 810,025
CURRENT ASSETS
Debtors 7 46,500 80,500
Cash at bank and in hand 110,492 35,588
156,992 116,088
Creditors: Amounts Falling Due Within One Year 8 (270,262 ) (30,741 )
NET CURRENT ASSETS (LIABILITIES) (113,270 ) 85,347
TOTAL ASSETS LESS CURRENT LIABILITIES 1,256,755 895,372
Creditors: Amounts Falling Due After More Than One Year 9 (742,324 ) (403,830 )
NET ASSETS 514,431 491,542
CAPITAL AND RESERVES
Called up share capital 10 99 99
Revaluation reserve 11 390,000 390,000
Profit and Loss Account 124,332 101,443
SHAREHOLDERS' FUNDS 514,431 491,542
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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account for the year end 31 May 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Richard Woodhead
Director
13/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Mansard Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09972062 . The registered office is Suite 3 Amber Business Centre, 4 Mercury Park, Amber Close, Tamworth, B77 4RP.
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 and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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 0
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 June 2023 390,000
As at 31 May 2024 390,000
Net Book Value
As at 31 May 2024 390,000
As at 1 June 2023 390,000
Page 3
Page 4
5. Investment Property
2024
£
Fair Value
As at 1 June 2023 420,000
Additions 560,000
As at 31 May 2024 980,000
6. Investments
Unlisted
£
Cost
As at 1 June 2023 25
As at 31 May 2024 25
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 25
As at 1 June 2023 25
7. Debtors
2024 2023
£ £
Due within one year
Other debtors - 44,000
Other debtors (1) 46,500 36,500
46,500 80,500
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bounce back loan 17,341 27,978
Directors' loan accounts 2,896 2,738
Amounts owed to group undertakings 250,025 25
270,262 30,741
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 742,324 403,830
Page 4
Page 5
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 99 99
11. Reserves
Revaluation Reserve
£
As at 1 June 2023 390,000
As at 31 May 2024 390,000
Page 5