Acorah Software Products - Accounts Production 15.0.600 false true 25 February 2023 26 February 2022 false 26 February 2023 25 February 2024 25 February 2024 SC272462 Mr David Bruce Mr Rizvan Aboobaker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC272462 2023-02-25 SC272462 2024-02-25 SC272462 2023-02-26 2024-02-25 SC272462 frs-core:CurrentFinancialInstruments 2024-02-25 SC272462 frs-core:Non-currentFinancialInstruments 2024-02-25 SC272462 frs-core:InvestmentPropertyIncludedWithinPPE 2024-02-25 SC272462 frs-core:InvestmentPropertyIncludedWithinPPE 2023-02-25 SC272462 frs-core:ShareCapital 2024-02-25 SC272462 frs-core:RetainedEarningsAccumulatedLosses 2024-02-25 SC272462 frs-bus:PrivateLimitedCompanyLtd 2023-02-26 2024-02-25 SC272462 frs-bus:FilletedAccounts 2023-02-26 2024-02-25 SC272462 frs-bus:SmallEntities 2023-02-26 2024-02-25 SC272462 frs-bus:AuditExempt-NoAccountantsReport 2023-02-26 2024-02-25 SC272462 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-26 2024-02-25 SC272462 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-02-25 SC272462 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-02-25 SC272462 frs-bus:Director1 2023-02-26 2024-02-25 SC272462 frs-bus:Director2 2023-02-26 2024-02-25 SC272462 frs-countries:Scotland 2023-02-26 2024-02-25 SC272462 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-02-25 SC272462 2022-02-25 SC272462 2023-02-25 SC272462 2022-02-26 2023-02-25 SC272462 frs-core:CurrentFinancialInstruments 2023-02-25 SC272462 frs-core:Non-currentFinancialInstruments 2023-02-25 SC272462 frs-core:ShareCapital 2023-02-25 SC272462 frs-core:RetainedEarningsAccumulatedLosses 2023-02-25 SC272462 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-02-25
Registered number: SC272462
Codemeal Limited
Financial Statements
For The Year Ended 25 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC272462
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,116,000 944,247
1,116,000 944,247
CURRENT ASSETS
Debtors 5 62,170 62,170
Cash at bank and in hand 14,873 9,911
77,043 72,081
Creditors: Amounts Falling Due Within One Year 6 (381,570 ) (383,097 )
NET CURRENT ASSETS (LIABILITIES) (304,527 ) (311,016 )
TOTAL ASSETS LESS CURRENT LIABILITIES 811,473 633,231
Creditors: Amounts Falling Due After More Than One Year 7 (130,064 ) (160,016 )
NET ASSETS 681,409 473,215
CAPITAL AND RESERVES
Called up share capital 9 90 90
Fair Value Reserve 10 323,384 151,631
Profit and Loss Account 357,935 321,494
SHAREHOLDERS' FUNDS 681,409 473,215
Page 1
Page 2
For the year ending 25 February 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 David Bruce
Director
Mr Rizvan Aboobaker
Director
4th 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
Codemeal Limited is a private company, limited by shares, incorporated in Scotland, registered number SC272462 . The registered office is 211a Albert Street, Dundee, Tayside, DD4 6QA.
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 represents all income generated from the company's principal activities.
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.
3. Average Number of Employees
Average number of employees during the year was as follows: NIL (2023: NIL)
- -
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 26 February 2023 944,247
Revaluation 171,753
As at 25 February 2024 1,116,000
Net Book Value
As at 25 February 2024 1,116,000
As at 26 February 2023 944,247
Page 3
Page 4
Cost or valuation as at 25 February 2024 represented by:
Investment Properties
£
At valuation 1,116,000
1,116,000
The investment properties were valued on a fair value basis on 29th August 2024 by the directors. The cost of these investment properties was £792,616 (2023 - £792,616). 
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 62,170 62,170
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 41,338 38,480
Other creditors 329,899 336,509
Taxation and social security 10,333 8,108
381,570 383,097
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 130,064 160,016
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans - 6,096
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 158,017 180,312
Page 4
Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 90 90
10. Reserves
Fair Value Reserve
£
As at 26 February 2023 151,631
Movements in fair value reserve 171,753
As at 25 February 2024 323,384
Page 5