Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08806343 Miss Sally Hardie Mr Mark Hardie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08806343 2022-12-31 08806343 2023-12-31 08806343 2023-01-01 2023-12-31 08806343 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 08806343 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08806343 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 08806343 frs-core:RevaluationReserve 2022-12-31 08806343 frs-core:RevaluationReserve 2023-12-31 08806343 frs-core:ShareCapital 2023-12-31 08806343 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08806343 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08806343 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08806343 frs-bus:SmallEntities 2023-01-01 2023-12-31 08806343 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08806343 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08806343 frs-bus:Director1 2023-01-01 2023-12-31 08806343 frs-bus:Director2 2023-01-01 2023-12-31 08806343 1 2023-01-01 2023-12-31 08806343 frs-countries:EnglandWales 2023-01-01 2023-12-31 08806343 2021-12-31 08806343 2022-12-31 08806343 2022-01-01 2022-12-31 08806343 frs-core:RevaluationReserve 2022-12-31 08806343 frs-core:ShareCapital 2022-12-31 08806343 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 08806343 1 2022-01-01 2022-12-31
Registered number: 08806343
Nine Tenths Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08806343
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 804,000 811,000
804,000 811,000
CURRENT ASSETS
Cash at bank and in hand 115,618 114,939
115,618 114,939
Creditors: Amounts Falling Due Within One Year 5 (86,651 ) (94,263 )
NET CURRENT ASSETS (LIABILITIES) 28,967 20,676
TOTAL ASSETS LESS CURRENT LIABILITIES 832,967 831,676
PROVISIONS FOR LIABILITIES
Deferred Taxation (56,810 ) (58,140 )
NET ASSETS 776,157 773,536
CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 6 299,000 306,000
Profit and Loss Account 477,057 467,436
SHAREHOLDERS' FUNDS 776,157 773,536
Page 1
Page 2
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
Miss Sally Hardie
Director
Mr Mark Hardie
Director
21 August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Nine Tenths Limited is a private company, limited by shares, incorporated in England & Wales, the registered number is 08806343 . The registered office is 3rd Floor, 86-90 Paul Street, London, England, EC2A 4NE.
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, net of discounts. Turnover is recognised at the point of invoice.
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 property Not depreciated
2.4. Investment Properties
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Investment properties whose fair value cannot be measured reliably without undue cost or effort on an on-going basis are included in plant, property and equipment at cost less accumulated depreciation and accumulated impairment losses. 
2.5. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
Deferred tax 
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 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects 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.
3. Average Number of Employees
2023 2022
Average number of employees, including directors, during the year 2 2
2 2
4. Tangible Assets
Land & Property
Freehold property
£
Cost or Valuation
As at 1 January 2023 811,000
Revaluation (7,000)
As at 31 December 2023 804,000
Net Book Value
As at 31 December 2023 804,000
As at 1 January 2023 811,000
The revaluation details as per Zoopla for assets is as follows : 
2 Moir Court has been revalued at £255,000 (2022 : £258,000) as at 31 December 2023.
36 St George's Manor has been revalued at £549,000 (2022 : £553,000) as at 31 December 2023.
On the 23rd and 24th July 2024 both 36 St George's Manor and 2 Moir Court were independantly valued by Cotswold Surveyors.  Their respective values were £500.000 and £250,000 showing a £54,000 impairment.
Page 4
Page 5
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 86,651 94,263
86,651 94,263
6. Reserves
Revaluation Reserve
£
As at 1 January 2023 306,000
Deficit on revaluation (7,000)
As at 31 December 2023 299,000
Page 5