Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 10847159 Mr James Sheard iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10847159 2022-12-31 10847159 2023-12-31 10847159 2023-01-01 2023-12-31 10847159 frs-core:CurrentFinancialInstruments 2023-12-31 10847159 frs-core:Non-currentFinancialInstruments 2023-12-31 10847159 frs-core:FurnitureFittings 2023-12-31 10847159 frs-core:FurnitureFittings 2023-01-01 2023-12-31 10847159 frs-core:FurnitureFittings 2022-12-31 10847159 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 10847159 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10847159 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 10847159 frs-core:ShareCapital 2023-12-31 10847159 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10847159 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10847159 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10847159 frs-bus:SmallEntities 2023-01-01 2023-12-31 10847159 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10847159 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10847159 frs-core:UnlistedNon-exchangeTraded 2023-12-31 10847159 frs-core:UnlistedNon-exchangeTraded 2022-12-31 10847159 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 10847159 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 10847159 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 10847159 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 10847159 frs-bus:Director1 2023-01-01 2023-12-31 10847159 frs-core:Non-currentFinancialInstruments 1 2023-12-31 10847159 frs-countries:EnglandWales 2023-01-01 2023-12-31 10847159 2021-12-31 10847159 2022-12-31 10847159 2022-01-01 2022-12-31 10847159 frs-core:CurrentFinancialInstruments 2022-12-31 10847159 frs-core:Non-currentFinancialInstruments 2022-12-31 10847159 frs-core:ShareCapital 2022-12-31 10847159 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 10847159 frs-core:Non-currentFinancialInstruments 1 2022-12-31
Registered number: 10847159
The Accountancy People Property Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
The Accountancy People Manchester Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10847159
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 617,727 621,264
Investments 5 12,243 12,243
629,970 633,507
CURRENT ASSETS
Cash at bank and in hand 6,082 5,073
6,082 5,073
Creditors: Amounts Falling Due Within One Year 6 (63,754 ) (64,492 )
NET CURRENT ASSETS (LIABILITIES) (57,672 ) (59,419 )
TOTAL ASSETS LESS CURRENT LIABILITIES 572,298 574,088
Creditors: Amounts Falling Due After More Than One Year 7 (331,947 ) (421,399 )
NET ASSETS 240,351 152,689
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 240,341 152,679
SHAREHOLDERS' FUNDS 240,351 152,689
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For the year ending 31 December 2023 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 James Sheard
Director
19 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
The Accountancy People Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10847159 . The registered office is Phoenix House, 2 Huddersfield Road, Stalybridge, SK15 2QA.
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. 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:
Freehold Straight line - 50 years/30 years/20 years
Fixtures & Fittings 15% reducing balance
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 year 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 asset reflects 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: 2 (2022: 1)
2 1
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4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2023 631,532 1,045 632,577
As at 31 December 2023 631,532 1,045 632,577
Depreciation
As at 1 January 2023 10,813 500 11,313
Provided during the period 3,455 82 3,537
As at 31 December 2023 14,268 582 14,850
Net Book Value
As at 31 December 2023 617,264 463 617,727
As at 1 January 2023 620,719 545 621,264
5. Investments
Unlisted
£
Cost
As at 1 January 2023 12,243
As at 31 December 2023 12,243
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 12,243
As at 1 January 2023 12,243
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 2,039
Bank loans and overdrafts - (2 )
Corporation tax 9,513 7,336
Other creditors 1,242 2,119
Accruals and deferred income 2,999 3,000
Director's loan account 50,000 50,000
63,754 64,492
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7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other shareholders loans 155,000 153,000
Directors loan account 176,947 268,399
331,947 421,399
The bank loan was repaid in full during the prior year. 
The bank loan shown in the accounts was secured on the property.
The directors loan account is an amount owed to the directors, Mr J Sheard and Mrs J Sheard.
The other shareholders loans is an amount owed to the other shareholders of the company.
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
9. Related Party Transactions
The company is controlled by Mr J Sheard and Mrs J Sheard, who also control The Accountancy People Manchester Limited. Included in other creditors is an outstanding loan balance amounting to £1,242 (2022: £2,119) owed to The Accountancy People Manchester Limited. No interest is charged on the balance and there is no fixed terms for repayment. In addition, the company receives monthly rental income from The Accountancy People Manchester Limited.
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