Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 11665574 Mr Brian Metcalfe Mrs Lauren Metcalfe Mrs Lauren Metcalfe & Mr Brian Metcalfe true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11665574 2022-11-30 11665574 2023-11-30 11665574 2022-12-01 2023-11-30 11665574 frs-core:CurrentFinancialInstruments 2023-11-30 11665574 frs-core:Non-currentFinancialInstruments 2023-11-30 11665574 frs-core:FurnitureFittings 2023-11-30 11665574 frs-core:FurnitureFittings 2022-12-01 2023-11-30 11665574 frs-core:FurnitureFittings 2022-11-30 11665574 frs-core:OtherResidualIntangibleAssets 2023-11-30 11665574 frs-core:OtherResidualIntangibleAssets 2022-11-30 11665574 frs-core:PlantMachinery 2023-11-30 11665574 frs-core:PlantMachinery 2022-12-01 2023-11-30 11665574 frs-core:PlantMachinery 2022-11-30 11665574 frs-core:ShareCapital 2023-11-30 11665574 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 11665574 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11665574 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 11665574 frs-bus:SmallEntities 2022-12-01 2023-11-30 11665574 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11665574 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11665574 1 2022-12-01 2023-11-30 11665574 frs-bus:Director1 2022-12-01 2023-11-30 11665574 frs-bus:Director2 2022-12-01 2023-11-30 11665574 frs-countries:EnglandWales 2022-12-01 2023-11-30 11665574 2021-11-30 11665574 2022-11-30 11665574 2021-12-01 2022-11-30 11665574 frs-core:CurrentFinancialInstruments 2022-11-30 11665574 frs-core:Non-currentFinancialInstruments 2022-11-30 11665574 frs-core:ShareCapital 2022-11-30 11665574 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 11665574
Skaus Haus Investments Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Calculated Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11665574
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,220 2,220
Tangible Assets 5 6,533 232
Investment Properties 6 2,061,793 1,461,416
2,070,546 1,463,868
CURRENT ASSETS
Debtors 7 1,051 654
Cash at bank and in hand 111,140 9,044
112,191 9,698
Creditors: Amounts Falling Due Within One Year 8 (6,126 ) (8,123 )
NET CURRENT ASSETS (LIABILITIES) 106,065 1,575
TOTAL ASSETS LESS CURRENT LIABILITIES 2,176,611 1,465,443
Creditors: Amounts Falling Due After More Than One Year 9 (2,051,308 ) (1,505,904 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (61,724 ) (9,405 )
NET ASSETS/(LIABILITIES) 63,579 (49,866 )
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 63,577 (49,868 )
SHAREHOLDERS' FUNDS 63,579 (49,866)
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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
Mrs Lauren Metcalfe
Director
29/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Skaus Haus Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11665574 . The registered office is 5 Eastern Drive, Liverpool, L19 0NB.
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 33% Reducing Balance
Fixtures & Fittings 20% Straight Line
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. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income 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.
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 assets reflect 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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4. Intangible Assets
Other
£
Cost
As at 1 December 2022 2,220
As at 30 November 2023 2,220
Net Book Value
As at 30 November 2023 2,220
As at 1 December 2022 2,220
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 December 2022 1,128 - 1,128
Additions - 7,973 7,973
As at 30 November 2023 1,128 7,973 9,101
Depreciation
As at 1 December 2022 896 - 896
Provided during the period 77 1,595 1,672
As at 30 November 2023 973 1,595 2,568
Net Book Value
As at 30 November 2023 155 6,378 6,533
As at 1 December 2022 232 - 232
6. Investment Property
2023
£
Fair Value
As at 1 December 2022 1,461,416
Additions 402,483
Disposals (11,382 )
Fair value adjustments 209,276
As at 30 November 2023 2,061,793
7. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 1,051 654
1,051 654
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8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 140 19
Accruals and deferred income 5,986 8,104
6,126 8,123
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 1,442,472 999,428
Directors loan account 608,836 506,476
2,051,308 1,505,904
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
11. Related Party Transactions
Included within Creditors is the loan balance of £608,836 (2022: £506,476) from the director at the end of the year.  The loan is unsecured,  interest free and there are no fixed repayment terms
12. Ultimate Controlling Party
The company's ultimate controlling party is Mrs Lauren Metcalfe & Mr Brian Metcalfe by virtue of their ownership of 100% of the issued share capital in the company.
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