Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 SC552888 Mr B Martin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC552888 2023-01-31 SC552888 2024-01-31 SC552888 2023-02-01 2024-01-31 SC552888 frs-core:CurrentFinancialInstruments 2024-01-31 SC552888 frs-core:ShareCapital 2024-01-31 SC552888 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC552888 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC552888 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 SC552888 frs-bus:SmallEntities 2023-02-01 2024-01-31 SC552888 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC552888 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC552888 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-01-31 SC552888 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-01-31 SC552888 frs-bus:Director1 2023-02-01 2024-01-31 SC552888 frs-countries:Scotland 2023-02-01 2024-01-31 SC552888 2022-01-31 SC552888 2023-01-31 SC552888 2022-02-01 2023-01-31 SC552888 frs-core:CurrentFinancialInstruments 2023-01-31 SC552888 frs-core:ShareCapital 2023-01-31 SC552888 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 SC552888 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-01-31
Registered number: SC552888
BTHM Properties Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC552888
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 165,000 155,000
165,000 155,000
CURRENT ASSETS
Debtors 5 - 6,500
Cash at bank and in hand 825 1,353
825 7,853
Creditors: Amounts Falling Due Within One Year 6 (4,677 ) (3,073 )
NET CURRENT ASSETS (LIABILITIES) (3,852 ) 4,780
TOTAL ASSETS LESS CURRENT LIABILITIES 161,148 159,780
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,438 ) -
NET ASSETS 159,710 159,780
CAPITAL AND RESERVES
Called up share capital 7 100 100
Fair Value Reserve 8 7,566 (2,434 )
Profit and Loss Account 152,044 162,114
SHAREHOLDERS' FUNDS 159,710 159,780
Page 1
Page 2
For the year ending 31 January 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.
On behalf of the board
Mr B Martin
Director
18 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
BTHM Properties Limited is a private company, limited by shares, incorporated in Scotland, registered number SC552888 . The registered office is 57c Monktonhall Terrace, Musselburgh, East Lothian, EH21 6ES.
The presentation currency of the financial statements is the Pound Sterling (£).
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. 
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. 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.
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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 February 2023 155,000
Fair value adjustments 10,000
As at 31 January 2024 165,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 157,434 157,434
Investment property was valued on an open market basis on 30 August 2024 by the director.
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 6,500
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 2,302 1,570
Taxation and social security 2,375 1,503
4,677 3,073
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4
Page 5
8. Reserves
Fair Value Reserve
£
As at 1 February 2023 (2,434 )
Movements in fair value reserve 10,000
As at 31 January 2024 7,566
Page 5