Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10872618 Mr David Baker Mrs Pauline Baker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10872618 2023-03-31 10872618 2024-03-31 10872618 2023-04-01 2024-03-31 10872618 frs-core:CurrentFinancialInstruments 2024-03-31 10872618 frs-core:Non-currentFinancialInstruments 2024-03-31 10872618 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 10872618 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 10872618 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10872618 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 10872618 frs-core:ShareCapital 2024-03-31 10872618 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10872618 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10872618 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10872618 frs-bus:SmallEntities 2023-04-01 2024-03-31 10872618 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10872618 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10872618 frs-core:UnlistedNon-exchangeTraded 2024-03-31 10872618 frs-core:UnlistedNon-exchangeTraded 2023-03-31 10872618 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 10872618 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 10872618 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 10872618 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 10872618 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 10872618 frs-bus:Director1 2023-04-01 2024-03-31 10872618 frs-bus:Director2 2023-04-01 2024-03-31 10872618 frs-core:CurrentFinancialInstruments 3 2024-03-31 10872618 frs-countries:EnglandWales 2023-04-01 2024-03-31 10872618 2022-03-31 10872618 2023-03-31 10872618 2022-04-01 2023-03-31 10872618 frs-core:CurrentFinancialInstruments 2023-03-31 10872618 frs-core:Non-currentFinancialInstruments 2023-03-31 10872618 frs-core:ShareCapital 2023-03-31 10872618 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 10872618 frs-core:CurrentFinancialInstruments 3 2023-03-31
Registered number: 10872618
Baker Investment Properties LTD
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10872618
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 758,000 758,000
Investments 5 598 -
758,598 758,000
CURRENT ASSETS
Debtors 6 6,305 6,825
Cash at bank and in hand 6,663 4,688
12,968 11,513
Creditors: Amounts Falling Due Within One Year 8 (181,070 ) (185,969 )
NET CURRENT ASSETS (LIABILITIES) (168,102 ) (174,456 )
TOTAL ASSETS LESS CURRENT LIABILITIES 590,496 583,544
Creditors: Amounts Falling Due After More Than One Year 9 (600,206 ) (600,918 )
NET LIABILITIES (9,710 ) (17,374 )
CAPITAL AND RESERVES
Called up share capital 11 104 104
Profit and Loss Account (9,814 ) (17,478 )
SHAREHOLDERS' FUNDS (9,710) (17,374)
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For the year ending 31 March 2024 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 David Baker
Director
Mrs Pauline Baker
Director
31/05/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Baker Investment Properties LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10872618 . The registered office is 3 The Paddock, Hemerdon, Plymouth, Devon, PL7 5FH.
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. 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.
2.3. Tangible Fixed Assets and Depreciation
Freehold Investment Property
The Freehold investment property was acquired on 22 February 2018. The property was revalued on 31st March 2024 by Mr David Baker
Freehold 758000
Leasehold 0
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.
...CONTINUED
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2.5. Taxation - continued
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 year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold
£
Cost or Valuation
As at 1 April 2023 758,000
As at 31 March 2024 758,000
Net Book Value
As at 31 March 2024 758,000
As at 1 April 2023 758,000
5. Investments
Unlisted
£
Cost
As at 1 April 2023 9,000
Revaluations 598
As at 31 March 2024 9,598
Provision
As at 1 April 2023 9,000
As at 31 March 2024 9,000
Net Book Value
As at 31 March 2024 598
As at 1 April 2023 -
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6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 659
Other debtors 305 166
H&S Investment Properties Ltd 6,000 6,000
6,305 6,825
7. Current Asset Investments
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 845 -
Other taxes and social security 187 505
Accruals and deferred income 2,408 2,658
Directors' loan accounts 177,630 182,806
181,070 185,969
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 600,206 600,918
10. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 600,206 600,918
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 104 104
12. Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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13. Related Party Transactions
David and Pauline BakerDirectorsDirectors loan £177,630

David and Pauline Baker

Directors

Directors loan £177,630

The loan is provided jointly by the directors 50/50 share £88,815 each.
14. Going Concern
The financial statements have been prepared on a going concern basis based on the continued support of the Directors who are owed £177,630 at the year end. The two Directors, who are also the sole shareholders, appreciates dividends of £6000 may need to be repaid if the company does not return to a surplus.
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