Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 08314657 Mr C J Green Mrs R L Green iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08314657 2023-04-30 08314657 2024-04-30 08314657 2023-05-01 2024-04-30 08314657 frs-core:CurrentFinancialInstruments 2024-04-30 08314657 frs-core:Non-currentFinancialInstruments 2024-04-30 08314657 frs-core:BetweenOneFiveYears 2024-04-30 08314657 frs-core:ComputerEquipment 2024-04-30 08314657 frs-core:ComputerEquipment 2023-05-01 2024-04-30 08314657 frs-core:ComputerEquipment 2023-04-30 08314657 frs-core:FurnitureFittings 2024-04-30 08314657 frs-core:FurnitureFittings 2023-05-01 2024-04-30 08314657 frs-core:FurnitureFittings 2023-04-30 08314657 frs-core:MotorVehicles 2024-04-30 08314657 frs-core:MotorVehicles 2023-05-01 2024-04-30 08314657 frs-core:MotorVehicles 2023-04-30 08314657 frs-core:RevaluationReserve 2023-04-30 08314657 frs-core:RevaluationReserve 2024-04-30 08314657 frs-core:ShareCapital 2024-04-30 08314657 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 08314657 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08314657 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 08314657 frs-bus:SmallEntities 2023-05-01 2024-04-30 08314657 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08314657 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08314657 frs-core:ListedExchangeTraded 2024-04-30 08314657 frs-core:ListedExchangeTraded 2023-04-30 08314657 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-04-30 08314657 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-04-30 08314657 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-04-30 08314657 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-04-30 08314657 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-04-30 08314657 frs-bus:Director1 2023-05-01 2024-04-30 08314657 frs-bus:Director2 2023-05-01 2024-04-30 08314657 frs-countries:EnglandWales 2023-05-01 2024-04-30 08314657 2022-04-30 08314657 2023-04-30 08314657 2022-05-01 2023-04-30 08314657 frs-core:CurrentFinancialInstruments 2023-04-30 08314657 frs-core:Non-currentFinancialInstruments 2023-04-30 08314657 frs-core:BetweenOneFiveYears 2023-04-30 08314657 frs-core:RevaluationReserve 2023-04-30 08314657 frs-core:ShareCapital 2023-04-30 08314657 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 08314657
Overlane Properties Ltd
Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08314657
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 653 8,144
Investments 5 372,350 598,350
373,003 606,494
CURRENT ASSETS
Debtors 6 440,000 -
Cash at bank and in hand 17,112 239,280
457,112 239,280
Creditors: Amounts Falling Due Within One Year 7 (286,182 ) (213,549 )
NET CURRENT ASSETS (LIABILITIES) 170,930 25,731
TOTAL ASSETS LESS CURRENT LIABILITIES 543,933 632,225
Creditors: Amounts Falling Due After More Than One Year 8 (144,500 ) (312,227 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (124 ) (1,547 )
NET ASSETS 399,309 318,451
CAPITAL AND RESERVES
Called up share capital 10 140 140
Revaluation reserve 11 47,986 47,986
Profit and Loss Account 351,183 270,325
SHAREHOLDERS' FUNDS 399,309 318,451
Page 1
Page 2
For the year ending 30 April 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.
On behalf of the board
Mr C J Green
Director
9 September 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
Overlane Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08314657 . The registered office is 550 Valley Road, Nottingham, NG5 1JJ.
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. 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:
Motor Vehicles 25% Straight Line
Fixtures & Fittings 33% Straight Line
Computer Equipment 33% Straight Line
2.3. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 67,837 16,448 1,850 86,135
Additions - 975 - 975
As at 30 April 2024 67,837 17,423 1,850 87,110
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 May 2023 59,693 16,448 1,850 77,991
Provided during the period 8,144 322 - 8,466
As at 30 April 2024 67,837 16,770 1,850 86,457
Net Book Value
As at 30 April 2024 - 653 - 653
As at 1 May 2023 8,144 - - 8,144
5. Investments
Listed
£
Cost
As at 1 May 2023 598,350
Disposals (226,000 )
As at 30 April 2024 372,350
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 372,350
As at 1 May 2023 598,350
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 440,000 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 15,100 6,522
VAT 204 1,260
Other creditors 525 66
Accruals and deferred income 9,567 9,567
Directors' loan accounts 260,786 196,134
286,182 213,549
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 17,727
Bank loans 144,500 294,500
144,500 312,227
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Page 5
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years - 17,727
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 140 140
11. Reserves
Revaluation Reserve
£
As at 1 May 2023 47,986
As at 30 April 2024 47,986
12. Related Party Transactions
At the balance sheet date, the company owed the director £260,786 (2023:£196,134). The directors loan account is unsecured, interest free and repayable on demand.
Page 5