Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2022 1 July 2021 false 1 July 2022 30 June 2023 30 June 2023 SC233395 Mr Douglas Campbell Mr Douglas Campbell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC233395 2022-06-30 SC233395 2023-06-30 SC233395 2022-07-01 2023-06-30 SC233395 frs-core:CurrentFinancialInstruments 2023-06-30 SC233395 frs-core:Non-currentFinancialInstruments 2023-06-30 SC233395 frs-core:FurnitureFittings 2023-06-30 SC233395 frs-core:FurnitureFittings 2022-07-01 2023-06-30 SC233395 frs-core:FurnitureFittings 2022-06-30 SC233395 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 SC233395 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 SC233395 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-06-30 SC233395 frs-core:MotorVehicles 2022-07-01 2023-06-30 SC233395 frs-core:RevaluationReserve 2022-07-01 2023-06-30 SC233395 frs-core:RevaluationReserve 2022-06-30 SC233395 frs-core:RevaluationReserve 2023-06-30 SC233395 frs-core:ShareCapital 2023-06-30 SC233395 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 SC233395 frs-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 SC233395 frs-bus:FilletedAccounts 2022-07-01 2023-06-30 SC233395 frs-bus:SmallEntities 2022-07-01 2023-06-30 SC233395 frs-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 SC233395 frs-bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 SC233395 frs-core:RevaluationInvestmentPropertyDeferredTax 2023-06-30 SC233395 frs-bus:Director1 2022-07-01 2023-06-30 SC233395 frs-bus:CompanySecretary1 2022-07-01 2023-06-30 SC233395 frs-countries:Scotland 2022-07-01 2023-06-30 SC233395 2021-06-30 SC233395 2022-06-30 SC233395 2021-07-01 2022-06-30 SC233395 frs-core:CurrentFinancialInstruments 2022-06-30 SC233395 frs-core:Non-currentFinancialInstruments 2022-06-30 SC233395 frs-core:RevaluationReserve 2022-06-30 SC233395 frs-core:ShareCapital 2022-06-30 SC233395 frs-core:RetainedEarningsAccumulatedLosses 2022-06-30 SC233395 frs-core:RevaluationInvestmentPropertyDeferredTax 2022-06-30
Registered number: SC233395
Honor Campbell Properties Limited
Financial Statements
For The Year Ended 30 June 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC233395
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 613,634 768,645
613,634 768,645
CURRENT ASSETS
Cash at bank and in hand 21,512 7,822
21,512 7,822
Creditors: Amounts Falling Due Within One Year 5 (61,228 ) (42,738 )
NET CURRENT ASSETS (LIABILITIES) (39,716 ) (34,916 )
TOTAL ASSETS LESS CURRENT LIABILITIES 573,918 733,729
Creditors: Amounts Falling Due After More Than One Year 6 (353,726 ) (379,848 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (22,800 ) (57,750 )
NET ASSETS 197,392 296,131
CAPITAL AND RESERVES
Called up share capital 8 19,600 19,600
Revaluation reserve 9 117,036 217,248
Profit and Loss Account 60,756 59,283
SHAREHOLDERS' FUNDS 197,392 296,131
Page 1
Page 2
For the year ending 30 June 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 Douglas Campbell
Director
9th September 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
Honor Campbell Properties Limited is a private company, limited by shares, incorporated in Scotland, registered number SC233395 . The registered office is 36 Grampian Road, Port Glasgow, PA14 6LR.
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. 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 nil
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
The company's freehold properties are revalued in full every 5 years. Interim valuations are carried out when it is likely that there has been a material change in value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 July 2022 768,634 1,800 770,434
Disposals (25,000 ) - (25,000 )
Revaluation (130,000) - (130,000 )
As at 30 June 2023 613,634 1,800 615,434
Depreciation
As at 1 July 2022 - 1,789 1,789
Provided during the period - 11 11
As at 30 June 2023 - 1,800 1,800
Net Book Value
As at 30 June 2023 613,634 - 613,634
As at 1 July 2022 768,634 11 768,645
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 32,577 20,319
Other creditors 25,670 19,675
Taxation and social security 2,981 2,744
61,228 42,738
Page 3
Page 4
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 353,726 379,848
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Revaluation of investment properties 22,800 57,750
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 19,600 19,600
9. Reserves
Revaluation Reserve
£
As at 1 July 2022 217,248
Amount released from property valuation (100,212)
Transfer to profit and loss -
As at 30 June 2023 117,036
Page 4