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 10138373 Mr Mark Cambage Mr Mark Jenner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10138373 2023-04-30 10138373 2024-04-30 10138373 2023-05-01 2024-04-30 10138373 frs-core:CurrentFinancialInstruments 2024-04-30 10138373 frs-core:Non-currentFinancialInstruments 2024-04-30 10138373 frs-core:ComputerEquipment 2024-04-30 10138373 frs-core:ComputerEquipment 2023-05-01 2024-04-30 10138373 frs-core:ComputerEquipment 2023-04-30 10138373 frs-core:FurnitureFittings 2024-04-30 10138373 frs-core:FurnitureFittings 2023-05-01 2024-04-30 10138373 frs-core:FurnitureFittings 2023-04-30 10138373 frs-core:ShareCapital 2024-04-30 10138373 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10138373 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10138373 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10138373 frs-bus:SmallEntities 2023-05-01 2024-04-30 10138373 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10138373 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10138373 frs-bus:OrdinaryShareClass1 2023-05-01 2024-04-30 10138373 frs-bus:OrdinaryShareClass1 2024-04-30 10138373 frs-bus:Director1 2023-05-01 2024-04-30 10138373 frs-bus:Director2 2023-05-01 2024-04-30 10138373 frs-countries:EnglandWales 2023-05-01 2024-04-30 10138373 2022-04-30 10138373 2023-04-30 10138373 2022-05-01 2023-04-30 10138373 frs-core:CurrentFinancialInstruments 2023-04-30 10138373 frs-core:Non-currentFinancialInstruments 2023-04-30 10138373 frs-core:ShareCapital 2023-04-30 10138373 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 10138373 frs-bus:OrdinaryShareClass1 2022-05-01 2023-04-30
Registered number: 10138373
Mark II Property Investments Limited
Financial Statements
For The Year Ended 30 April 2024
MAS Accountancy Limited
39 High Street
Orpington
BR6 0JE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10138373
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,617 21,279
Investment Properties 5 706,047 706,047
723,664 727,326
CURRENT ASSETS
Cash at bank and in hand 33,530 52,354
33,530 52,354
Creditors: Amounts Falling Due Within One Year 6 (179,342 ) (201,426 )
NET CURRENT ASSETS (LIABILITIES) (145,812 ) (149,072 )
TOTAL ASSETS LESS CURRENT LIABILITIES 577,852 578,254
Creditors: Amounts Falling Due After More Than One Year 7 (617,748 ) (618,897 )
NET LIABILITIES (39,896 ) (40,643 )
CAPITAL AND RESERVES
Called up share capital 8 20,000 20,000
Profit and Loss Account (59,896 ) (60,643 )
SHAREHOLDERS' FUNDS (39,896) (40,643)
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 Mark Jenner
Director
29 August 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
Mark II Property Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10138373 . The registered office is 39 High Street, Orpington, Kent, BR6 0JE.
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 amounts receivable for goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 15% reducing balance
Computer Equipment 25% straight line
2.4. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their market value.
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 39,897 2,072 41,969
As at 30 April 2024 39,897 2,072 41,969
Depreciation
As at 1 May 2023 19,136 1,554 20,690
Provided during the period 3,144 518 3,662
As at 30 April 2024 22,280 2,072 24,352
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 April 2024 17,617 - 17,617
As at 1 May 2023 20,761 518 21,279
5. Investment Property
2024
£
Fair Value
As at 1 May 2023 and 30 April 2024 706,047
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 1,620 1,620
Directors' loan accounts 177,722 199,806
179,342 201,426
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 617,748 618,897
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
20,000 Ordinary Shares of £ 1.000 each 20,000 20,000
Page 4