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 10968593 Mr George Clements Mrs Lucy Clements iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10968593 2022-12-31 10968593 2023-12-31 10968593 2023-01-01 2023-12-31 10968593 frs-core:CurrentFinancialInstruments 2023-12-31 10968593 frs-core:Non-currentFinancialInstruments 2023-12-31 10968593 frs-core:ShareCapital 2023-12-31 10968593 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10968593 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10968593 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10968593 frs-bus:SmallEntities 2023-01-01 2023-12-31 10968593 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10968593 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10968593 frs-bus:Director1 2023-01-01 2023-12-31 10968593 frs-bus:Director2 2023-01-01 2023-12-31 10968593 frs-countries:EnglandWales 2023-01-01 2023-12-31 10968593 2021-12-31 10968593 2022-12-31 10968593 2022-01-01 2022-12-31 10968593 frs-core:CurrentFinancialInstruments 2022-12-31 10968593 frs-core:Non-currentFinancialInstruments 2022-12-31 10968593 frs-core:ShareCapital 2022-12-31 10968593 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10968593
Surrey Hills Lettings Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10968593
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 415,480 415,480
415,480 415,480
CURRENT ASSETS
Debtors 5 270 -
Cash at bank and in hand 17,988 30,296
18,258 30,296
Creditors: Amounts Falling Due Within One Year 6 (165,139 ) (186,336 )
NET CURRENT ASSETS (LIABILITIES) (146,881 ) (156,040 )
TOTAL ASSETS LESS CURRENT LIABILITIES 268,599 259,440
Creditors: Amounts Falling Due After More Than One Year 7 (278,834 ) (277,945 )
NET LIABILITIES (10,235 ) (18,505 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (10,236 ) (18,506 )
SHAREHOLDERS' FUNDS (10,235) (18,505)
Page 1
Page 2
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 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 George Clements
Director
20/09/2024
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
Surrey Hills Lettings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10968593 . The registered office is 18, St Pauls Road East, Dorking, Surrey, RH4 2HR.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Investment Property
2023
£
Fair Value
As at 1 January 2023 and 31 December 2023 415,480
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 270 -
270 -
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 9,000 5,350
Accruals and deferred income 733 700
Directors' loan accounts 2,744 22,688
Amounts owed to group undertakings 152,662 157,598
165,139 186,336
Amounts owed to group undertakings are unsecured and repayable on demand. They bear interest at annual rates of 7% (2022: 7%).
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 278,834 277,945
278,834 277,945
The bank loan which is securred against the investment property is repayable by June 2044.  It bears interest at an annual rate of 5.89% (2022: 3.49%).
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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