Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 July 2021 false 1 January 2023 31 December 2023 31 December 2023 11432029 Mrs Sharon Oh Mr Ashley Waters iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11432029 2022-12-31 11432029 2023-12-31 11432029 2023-01-01 2023-12-31 11432029 frs-core:CurrentFinancialInstruments 2023-12-31 11432029 frs-core:Non-currentFinancialInstruments 2023-12-31 11432029 frs-core:BetweenOneFiveYears 2023-12-31 11432029 frs-core:MotorVehicles 2023-12-31 11432029 frs-core:MotorVehicles 2023-01-01 2023-12-31 11432029 frs-core:MotorVehicles 2022-12-31 11432029 frs-core:PlantMachinery 2023-12-31 11432029 frs-core:PlantMachinery 2023-01-01 2023-12-31 11432029 frs-core:PlantMachinery 2022-12-31 11432029 frs-core:WithinOneYear 2023-12-31 11432029 frs-core:ShareCapital 2023-12-31 11432029 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11432029 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11432029 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11432029 frs-bus:SmallEntities 2023-01-01 2023-12-31 11432029 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11432029 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11432029 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-12-31 11432029 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 11432029 frs-bus:Director1 2023-01-01 2023-12-31 11432029 frs-bus:Director2 2023-01-01 2023-12-31 11432029 frs-countries:EnglandWales 2023-01-01 2023-12-31 11432029 2021-06-30 11432029 2022-12-31 11432029 2021-07-01 2022-12-31 11432029 frs-core:CurrentFinancialInstruments 2022-12-31 11432029 frs-core:Non-currentFinancialInstruments 2022-12-31 11432029 frs-core:BetweenOneFiveYears 2022-12-31 11432029 frs-core:WithinOneYear 2022-12-31 11432029 frs-core:ShareCapital 2022-12-31 11432029 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 11432029 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-12-31
Registered number: 11432029
A&s Property Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
B-Tax
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11432029
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 34,563 960
Investment Properties 5 880,000 880,000
914,563 880,960
CURRENT ASSETS
Debtors 6 20,550 10,000
Cash at bank and in hand 6,885 3,519
27,435 13,519
Creditors: Amounts Falling Due Within One Year 7 (87,891 ) (75,692 )
NET CURRENT ASSETS (LIABILITIES) (60,456 ) (62,173 )
TOTAL ASSETS LESS CURRENT LIABILITIES 854,107 818,787
Creditors: Amounts Falling Due After More Than One Year 8 (721,561 ) (697,179 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (32,085 ) (32,085 )
NET ASSETS 100,461 89,523
CAPITAL AND RESERVES
Called up share capital 10 1 1
Fair Value Reserve 11 138,491 138,491
Profit and Loss Account (38,031 ) (48,969 )
SHAREHOLDERS' FUNDS 100,461 89,523
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For the year ending 31 December 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
Mrs Sharon Oh
Director
04/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
A&s Property Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11432029 . The registered office is 10 Brooklands Court , Kettering Venture Park, Kettering, Northamptonshire, NN15 6FD.
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:
Plant & Machinery 20% Straight Line
Motor Vehicles 20% Reducing Balance
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.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2023 1,643 - 1,643
Additions - 42,350 42,350
As at 31 December 2023 1,643 42,350 43,993
Depreciation
As at 1 January 2023 683 - 683
Provided during the period 277 8,470 8,747
As at 31 December 2023 960 8,470 9,430
Net Book Value
As at 31 December 2023 683 33,880 34,563
As at 1 January 2023 960 - 960
5. Investment Property
31 December 2023
£
Fair Value
As at 1 January 2023 and 31 December 2023 880,000
6. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Other debtors 20,550 10,000
20,550 10,000
7. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Net obligations under finance lease and hire purchase contracts 6,935 -
Trade creditors (1 ) -
Bank loans and overdrafts 21,120 6,300
Other creditors 59,837 69,392
87,891 75,692
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8. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 December 2022
£ £
Net obligations under finance lease and hire purchase contracts 29,514 -
Bank loans 692,047 697,179
721,561 697,179
9. Obligations Under Finance Leases and Hire Purchase
31 December 2023 31 December 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,935 -
Later than one year and not later than five years 29,514 -
36,449 -
36,449 -
10. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 1 1
11. Reserves
Fair Value Reserve
£
As at 1 January 2023 138,491
As at 31 December 2023 138,491
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