Acorah Software Products - Accounts Production 14.6.300 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11653905 S Silvester D Silvester iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11653905 2023-03-31 11653905 2024-03-31 11653905 2023-04-01 2024-03-31 11653905 frs-core:Non-currentFinancialInstruments 2024-03-31 11653905 frs-core:FurnitureFittings 2023-04-01 2024-03-31 11653905 frs-core:ShareCapital 2024-03-31 11653905 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11653905 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11653905 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 11653905 frs-bus:SmallEntities 2023-04-01 2024-03-31 11653905 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11653905 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11653905 frs-bus:Director1 2023-04-01 2024-03-31 11653905 frs-bus:Director2 2023-04-01 2024-03-31 11653905 frs-countries:EnglandWales 2023-04-01 2024-03-31 11653905 2022-03-31 11653905 2023-03-31 11653905 2022-04-01 2023-03-31 11653905 frs-core:Non-currentFinancialInstruments 2023-03-31 11653905 frs-core:ShareCapital 2023-03-31 11653905 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 11653905
Your Abode Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 11653905
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,545 5,974
Investment Properties 5 712,000 712,000
733,545 717,974
CURRENT ASSETS
Debtors 244 244
Cash at bank and in hand 58,173 13,957
58,417 14,201
Creditors: Amounts Falling Due Within One Year (3,076 ) (3,076 )
NET CURRENT ASSETS (LIABILITIES) 55,341 11,125
TOTAL ASSETS LESS CURRENT LIABILITIES 788,886 729,099
Creditors: Amounts Falling Due After More Than One Year (695,410 ) (625,410 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (20,608 ) (20,608 )
NET ASSETS 72,868 83,081
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 72,768 82,981
SHAREHOLDERS' FUNDS 72,868 83,081
Page 1
Page 2
For the year ending 31 March 2024 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
S Silvester
Director
22nd July 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Your Abode Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11653905 . The registered office is Hammerwood, Wilderness Road, Oxted, RH8 9HS.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fairvalue. The principal accounting policies adopted are set out below.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is recognised at the fair value of the rent received in the normal course of business, and is shown net of VAT and other sales related taxes.
2.4. 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:
Fixtures & Fittings 20% straight line per annum
2.5. 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.
2.6. Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset,the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use,the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-
generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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Page 4
4. Tangible Assets
Total
£
Cost
As at 1 April 2023 10,018
Additions 21,675
As at 31 March 2024 31,693
Depreciation
As at 1 April 2023 4,044
Provided during the period 6,104
As at 31 March 2024 10,148
Net Book Value
As at 31 March 2024 21,545
As at 1 April 2023 5,974
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 712,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 603,538 603,538
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Related Party Transactions
At the year end the company owed £695,410 to Touch My Face Ltd, a company in which S Silvester is a director and shareholder. No interest was charged on this amount.
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