Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 11072613 Mrs Sarah-Ann Butler Mr Alexander Butler iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11072613 2022-11-30 11072613 2023-11-30 11072613 2022-12-01 2023-11-30 11072613 frs-core:CurrentFinancialInstruments 2023-11-30 11072613 frs-core:Non-currentFinancialInstruments 2023-11-30 11072613 frs-core:FurnitureFittings 2023-11-30 11072613 frs-core:FurnitureFittings 2022-12-01 2023-11-30 11072613 frs-core:FurnitureFittings 2022-11-30 11072613 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 11072613 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11072613 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-30 11072613 frs-core:MotorVehicles 2023-11-30 11072613 frs-core:MotorVehicles 2022-12-01 2023-11-30 11072613 frs-core:MotorVehicles 2022-11-30 11072613 frs-core:ShareCapital 2023-11-30 11072613 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 11072613 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11072613 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 11072613 frs-bus:SmallEntities 2022-12-01 2023-11-30 11072613 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11072613 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11072613 frs-core:CostValuation 2022-11-30 11072613 frs-core:AdditionsToInvestments 2023-11-30 11072613 frs-core:CostValuation 2023-11-30 11072613 frs-core:ProvisionsForImpairmentInvestments 2022-11-30 11072613 frs-core:ProvisionsForImpairmentInvestments 2023-11-30 11072613 frs-bus:Director1 2022-12-01 2023-11-30 11072613 frs-bus:Director2 2022-12-01 2023-11-30 11072613 frs-countries:EnglandWales 2022-12-01 2023-11-30 11072613 2021-11-30 11072613 2022-11-30 11072613 2021-12-01 2022-11-30 11072613 frs-core:CurrentFinancialInstruments 2022-11-30 11072613 frs-core:Non-currentFinancialInstruments 2022-11-30 11072613 frs-core:ShareCapital 2022-11-30 11072613 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 11072613
Butler Assets Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Grant and Co (Accountants) Ltd
Units 4 & 5 Rockfield Business Park
Old Station Drive, Leckhampton
Cheltenham
Gloucestershire
GL53 0AN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11072613
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,514,904 667,028
Investments 5 100 -
1,515,004 667,028
CURRENT ASSETS
Debtors 6 34,898 -
Cash at bank and in hand 78,559 114,833
113,457 114,833
Creditors: Amounts Falling Due Within One Year 7 (61,678 ) (302,454 )
NET CURRENT ASSETS (LIABILITIES) 51,779 (187,621 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,566,783 479,407
Creditors: Amounts Falling Due After More Than One Year 8 (1,293,326 ) (552,904 )
NET ASSETS/(LIABILITIES) 273,457 (73,497 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 273,357 (73,597 )
SHAREHOLDERS' FUNDS 273,457 (73,497)
Page 1
Page 2
For the year ending 30 November 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 Alexander Butler
Director
11/09/2024
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
Butler Assets Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11072613 . The registered office is Units 4 & 5 Rockfield Business Park, Old Station Drive, Cheltenham, Gloucestershire, GL53 0AN.
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 20% Straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost or Valuation
As at 1 December 2022 661,112 4,300 8,448 673,860
Additions 624,844 - - 624,844
Disposals (115,000 ) - - (115,000 )
Revaluation 340,156 - - 340,156
As at 30 November 2023 1,511,112 4,300 8,448 1,523,860
Depreciation
As at 1 December 2022 - 2,562 4,270 6,832
Provided during the period - 434 1,690 2,124
As at 30 November 2023 - 2,996 5,960 8,956
Net Book Value
As at 30 November 2023 1,511,112 1,304 2,488 1,514,904
As at 1 December 2022 661,112 1,738 4,178 667,028
Page 3
Page 4
5. Investments
Subsidiaries
£
Cost
As at 1 December 2022 -
Additions 100
As at 30 November 2023 100
Provision
As at 1 December 2022 -
As at 30 November 2023 -
Net Book Value
As at 30 November 2023 100
As at 1 December 2022 -
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 10,068 -
Amounts owed by subsidiaries 24,830 -
34,898 -
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,351 1,351
Bank loans and overdrafts 24,341 20,356
Other creditors 35,986 280,747
61,678 302,454
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 1,293,326 552,904
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4