Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 11 November 2021 false 1 December 2022 30 November 2023 30 November 2023 SC714828 Mr David Hope FETTES Ms Mandy Margaret FETTES iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC714828 2022-11-30 SC714828 2023-11-30 SC714828 2022-12-01 2023-11-30 SC714828 frs-core:CurrentFinancialInstruments 2023-11-30 SC714828 frs-core:Non-currentFinancialInstruments 2023-11-30 SC714828 frs-core:FurnitureFittings 2023-11-30 SC714828 frs-core:FurnitureFittings 2022-12-01 2023-11-30 SC714828 frs-core:FurnitureFittings 2022-11-30 SC714828 frs-core:PlantMachinery 2023-11-30 SC714828 frs-core:PlantMachinery 2022-12-01 2023-11-30 SC714828 frs-core:PlantMachinery 2022-11-30 SC714828 frs-core:ShareCapital 2023-11-30 SC714828 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 SC714828 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 SC714828 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 SC714828 frs-bus:SmallEntities 2022-12-01 2023-11-30 SC714828 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 SC714828 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 SC714828 frs-bus:Director1 2022-12-01 2023-11-30 SC714828 frs-bus:Director2 2022-12-01 2023-11-30 SC714828 frs-core:CurrentFinancialInstruments 1 2023-11-30 SC714828 frs-core:Non-currentFinancialInstruments 1 2023-11-30 SC714828 frs-core:Non-currentFinancialInstruments 2 2023-11-30 SC714828 frs-countries:Scotland 2022-12-01 2023-11-30 SC714828 2021-11-10 SC714828 2022-11-30 SC714828 2021-11-11 2022-11-30 SC714828 frs-core:CurrentFinancialInstruments 2022-11-30 SC714828 frs-core:Non-currentFinancialInstruments 2022-11-30 SC714828 frs-core:ShareCapital 2022-11-30 SC714828 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 SC714828 frs-core:CurrentFinancialInstruments 1 2022-11-30 SC714828 frs-core:Non-currentFinancialInstruments 1 2022-11-30 SC714828 frs-core:Non-currentFinancialInstruments 2 2022-11-30
Registered number: SC714828
OSCAR AND CARTER PROPERTIES LTD
Unaudited Financial Statements
For The Year Ended 30 November 2023
More Than Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC714828
30 November 2023 30 November 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,279 1,423
Investment Properties 5 178,621 178,621
180,900 180,044
CURRENT ASSETS
Debtors 6 700 700
Cash at bank and in hand 46 416
746 1,116
Creditors: Amounts Falling Due Within One Year 7 (63,979 ) (65,763 )
NET CURRENT ASSETS (LIABILITIES) (63,233 ) (64,647 )
TOTAL ASSETS LESS CURRENT LIABILITIES 117,667 115,397
Creditors: Amounts Falling Due After More Than One Year 8 (125,205 ) (125,113 )
NET LIABILITIES (7,538 ) (9,716 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (7,638 ) (9,816 )
SHAREHOLDERS' FUNDS (7,538) (9,716)
Page 1
Page 2
For the year 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 David Hope FETTES
Director
20/08/2024
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
OSCAR AND CARTER PROPERTIES LTD is a private company, limited by shares, incorporated in Scotland, registered number SC714828 . The registered office is 76 Moubray Grove, South Queensferry, EH30 9PD.
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 25% Straight Line basis
Fixtures & Fittings 25% Straight Line basis
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: 2 (2022: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 December 2022 1,091 420 1,511
Additions 1,645 - 1,645
As at 30 November 2023 2,736 420 3,156
Depreciation
As at 1 December 2022 - 88 88
Provided during the period 684 105 789
As at 30 November 2023 684 193 877
Net Book Value
As at 30 November 2023 2,052 227 2,279
As at 1 December 2022 1,091 332 1,423
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Page 4
5. Investment Property
30 November 2023
£
Fair Value
As at 1 December 2022 and 30 November 2023 178,621
The directors of the company believe that the fair value of the investment properties is consistent with market rates, and there have been no material changes in the fair value of these properties during the reporting period. Consequently, no changes have been recognised in the financial statements for the period ended 30 November 2023 related to the revaluation of investment properties.
6. Debtors
30 November 2023 30 November 2022
£ £
Due within one year
Rent Deposit 700 700
7. Creditors: Amounts Falling Due Within One Year
30 November 2023 30 November 2022
£ £
Rent Deposit - Tenant 700 700
Directors' loan accounts 63,279 65,063
63,979 65,763
8. Creditors: Amounts Falling Due After More Than One Year
30 November 2023 30 November 2022
£ £
The Mortgage Works Loan - 28 West Leven 49,650 50,183
The kensington Mortgage Loan - 23 Burnside Place 75,555 74,930
125,205 125,113
9. Share Capital
30 November 2023 30 November 2022
£ £
Allotted, Called up and fully paid 100 100
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