Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 12589853 Mr Luke Fribbens Miss Sophie D'Arcy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12589853 2022-08-31 12589853 2023-08-31 12589853 2022-09-01 2023-08-31 12589853 frs-core:CurrentFinancialInstruments 2023-08-31 12589853 frs-core:Non-currentFinancialInstruments 2023-08-31 12589853 frs-core:InvestmentPropertyIncludedWithinPPE 2023-08-31 12589853 frs-core:InvestmentPropertyIncludedWithinPPE 2022-08-31 12589853 frs-core:MotorVehicles 2023-08-31 12589853 frs-core:MotorVehicles 2022-09-01 2023-08-31 12589853 frs-core:MotorVehicles 2022-08-31 12589853 frs-core:PlantMachinery 2023-08-31 12589853 frs-core:PlantMachinery 2022-09-01 2023-08-31 12589853 frs-core:PlantMachinery 2022-08-31 12589853 frs-core:ShareCapital 2023-08-31 12589853 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 12589853 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 12589853 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 12589853 frs-bus:SmallEntities 2022-09-01 2023-08-31 12589853 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 12589853 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 12589853 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-08-31 12589853 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-08-31 12589853 frs-bus:Director1 2022-09-01 2023-08-31 12589853 frs-bus:Director2 2022-09-01 2023-08-31 12589853 frs-countries:EnglandWales 2022-09-01 2023-08-31 12589853 2021-08-31 12589853 2022-08-31 12589853 2021-09-01 2022-08-31 12589853 frs-core:CurrentFinancialInstruments 2022-08-31 12589853 frs-core:Non-currentFinancialInstruments 2022-08-31 12589853 frs-core:ShareCapital 2022-08-31 12589853 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31 12589853 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-08-31
Registered number: 12589853
Cold Banana Properties Limited
Unaudited Financial Statements
For The Year Ended 31 August 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12589853
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 998,296 984,381
998,296 984,381
CURRENT ASSETS
Debtors 5 3,754 3,890
Cash at bank and in hand 17,171 9,331
20,925 13,221
Creditors: Amounts Falling Due Within One Year 6 (270,609 ) (241,470 )
NET CURRENT ASSETS (LIABILITIES) (249,684 ) (228,249 )
TOTAL ASSETS LESS CURRENT LIABILITIES 748,612 756,132
Creditors: Amounts Falling Due After More Than One Year 7 (546,888 ) (546,888 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (53,038 ) (53,038 )
NET ASSETS 148,686 156,206
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair Value Reserve 10 159,113 159,113
Profit and Loss Account (10,527 ) (3,007 )
SHAREHOLDERS' FUNDS 148,686 156,206
Page 1
Page 2
For the year ending 31 August 2023 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 Luke Fribbens
Director
20 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
Cold Banana Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12589853 . The registered office is Banana House, 16 Poole Hill, Bournemouth, BH2 5PS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

These financial statements are presented in pound sterling which is the functional currency of the company.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is represented byrevenue earned from the rental of investment property.

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:
Plant & Machinery 20 years straight line basis
Motor Vehicles 25% reducing balance
2.4. 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.
2.5. 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 period was as follows: 2 (2022: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Investment Properties Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost or Valuation
As at 1 September 2022 968,500 16,500 - 985,000
Additions - - 19,653 19,653
As at 31 August 2023 968,500 16,500 19,653 1,004,653
Depreciation
As at 1 September 2022 - 619 - 619
Provided during the period - 825 4,913 5,738
As at 31 August 2023 - 1,444 4,913 6,357
Net Book Value
As at 31 August 2023 968,500 15,056 14,740 998,296
As at 1 September 2022 968,500 15,881 - 984,381
The investment properties have been revalued at the market value by the directors at £968,500 as at 31 August 2023 (2022: £968,500).
The historical cost of the investment property is £756,350 (2022: £756,350).
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 136
Other debtors 3,754 3,754
3,754 3,890
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 943 1,979
Other creditors 256,960 237,511
Accruals and deferred income 12,706 1,980
270,609 241,470
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 546,888 546,888
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured against investment properties.
2023 2022
£ £
Bank loans and overdrafts 546,888 546,888
Page 4
Page 5
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Fair Value Reserve
£
As at 1 September 2022 159,113
As at 31 August 2023 159,113
Page 5