Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 09307445 Mr Iain Wilson C/O CAD Accountancy Ltd, Office 1, The Warehouse, Anchor Quay, Penryn, Cornwall, TR10 8GZ true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09307445 2023-03-31 09307445 2024-03-31 09307445 2023-04-01 2024-03-31 09307445 frs-core:Non-currentFinancialInstruments 2024-03-31 09307445 frs-core:ShareCapital 2024-03-31 09307445 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09307445 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09307445 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 09307445 frs-bus:SmallEntities 2023-04-01 2024-03-31 09307445 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09307445 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09307445 1 2023-04-01 2024-03-31 09307445 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-04-01 2024-03-31 09307445 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31 09307445 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 09307445 frs-bus:Director1 2023-04-01 2024-03-31 09307445 frs-countries:EnglandWales 2023-04-01 2024-03-31 09307445 2022-03-31 09307445 2023-03-31 09307445 2022-04-01 2023-03-31 09307445 frs-core:Non-currentFinancialInstruments 2023-03-31 09307445 frs-core:ShareCapital 2023-03-31 09307445 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 09307445 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31
Registered number: 09307445
Urban Plan Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
CAD Accountancy Ltd
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 09307445
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,900,000 1,675,000
1,900,000 1,675,000
CURRENT ASSETS
Debtors - 7,307
Cash at bank and in hand 60,944 453
60,944 7,760
Creditors: Amounts Falling Due Within One Year (214,299 ) (91,181 )
NET CURRENT ASSETS (LIABILITIES) (153,355 ) (83,421 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,746,645 1,591,579
Creditors: Amounts Falling Due After More Than One Year (98,205 ) (194,125 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (233,921 ) (176,791 )
NET ASSETS 1,414,519 1,220,663
CAPITAL AND RESERVES
Called up share capital 5 1 1
Fair Value Reserve 6 696,928 528,178
Profit and Loss Account 717,590 692,484
SHAREHOLDERS' FUNDS 1,414,519 1,220,663
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 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
Mr Iain Wilson
Director
12th September 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
Urban Plan Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09307445 . The registered office is Office 1, The Warehouse, Anchor Quay, Penryn, Cornwall, TR10 8GZ.
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 and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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. Financial Instruments
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.
Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
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2.5. 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 years 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 assets reflect 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: 1 (2023: 1)
1 1
4. Investment Property
2024
£
Fair Value
As at 1 April 2023 1,675,000
Fair value adjustments 225,000
As at 31 March 2024 1,900,000
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
6. Reserves
Fair Value Reserve
£
As at 1 April 2023 528,178
Transfer to profit and loss 168,750
As at 31 March 2024 696,928
7. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Metal (Holdings) Limited . Metal (Holdings) Limited was incorporated in England & Wales.  The ultimate controlling party is who controls 100% of the shares of Urban Plan Limited . C/O CAD Accountancy Ltd, Office 1, The Warehouse, Anchor Quay, Penryn, Cornwall, TR10 8GZ.
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