Acorah Software Products - Accounts Production 14.6.300 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 11654220 Mr Stuart Levitt Mr Christopher Levitt Mr John Levitt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11654220 2022-11-30 11654220 2023-11-30 11654220 2022-12-01 2023-11-30 11654220 frs-core:CurrentFinancialInstruments 2023-11-30 11654220 frs-core:Non-currentFinancialInstruments 2023-11-30 11654220 frs-core:RevaluationReserve 2022-11-30 11654220 frs-core:RevaluationReserve 2023-11-30 11654220 frs-core:SharePremium 2023-11-30 11654220 frs-core:ShareCapital 2023-11-30 11654220 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 11654220 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11654220 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 11654220 frs-bus:SmallEntities 2022-12-01 2023-11-30 11654220 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11654220 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11654220 frs-bus:Director1 2022-12-01 2023-11-30 11654220 frs-bus:Director2 2022-12-01 2023-11-30 11654220 frs-bus:Director3 2022-12-01 2023-11-30 11654220 frs-countries:EnglandWales 2022-12-01 2023-11-30 11654220 2021-11-30 11654220 2022-11-30 11654220 2021-12-01 2022-11-30 11654220 frs-core:CurrentFinancialInstruments 2022-11-30 11654220 frs-core:Non-currentFinancialInstruments 2022-11-30 11654220 frs-core:RevaluationReserve 2022-11-30 11654220 frs-core:SharePremium 2022-11-30 11654220 frs-core:ShareCapital 2022-11-30 11654220 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 11654220
JSC Property Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11654220
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 2,045,000 2,045,000
2,045,000 2,045,000
CURRENT ASSETS
Debtors 5 70,445 92,241
Cash at bank and in hand 22,170 9,546
92,615 101,787
Creditors: Amounts Falling Due Within One Year 6 (31,678 ) (23,017 )
NET CURRENT ASSETS (LIABILITIES) 60,937 78,770
TOTAL ASSETS LESS CURRENT LIABILITIES 2,105,937 2,123,770
Creditors: Amounts Falling Due After More Than One Year 7 (881,000 ) (881,000 )
NET ASSETS 1,224,937 1,242,770
CAPITAL AND RESERVES
Called up share capital 9 300 300
Share premium account 835,405 835,405
Revaluation reserve 10 18,753 18,753
Profit and Loss Account 370,479 388,312
SHAREHOLDERS' FUNDS 1,224,937 1,242,770
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 John Levitt
Director
14/08/2024
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
JSC Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11654220 . The registered office is 19-23 Hythe Road, Dymchurch, Romney Marsh, Kent, TN29 0LN.
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. Turnover includes revenue earned from the rental of investment properties apportioned to the year.
2.3. 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.
2.4. 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 year 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 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.
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: 3 (2022: 3)
3 3
4. Investment Property
2023
£
Fair Value
As at 1 December 2022 and 30 November 2023 2,045,000
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 512 245
Other debtors 18,446 18,446
Corporation tax recoverable assets 2,970 -
Amounts owed by associates 48,517 73,550
70,445 92,241
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 14,795 7,337
Corporation tax - 2,970
Accruals and deferred income 16,883 12,710
31,678 23,017
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 881,000 881,000
8. Secured Creditors
Of the creditors the following amounts are secured.
2023 2022
£ £
Bank loans and overdrafts 881,000 881,000
10. Reserves
Revaluation Reserve
£
As at 1 December 2022 18,753
As at 30 November 2023 18,753
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