Acorah Software Products - Accounts Production 15.0.600 false true 30 September 2022 5 October 2021 false 1 October 2022 30 September 2023 30 September 2023 10998000 Mr David Robinson Ms Yvonne Russell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10998000 2022-09-30 10998000 2023-09-30 10998000 2022-10-01 2023-09-30 10998000 frs-core:CurrentFinancialInstruments 2023-09-30 10998000 frs-core:Non-currentFinancialInstruments 2023-09-30 10998000 frs-core:ShareCapital 2023-09-30 10998000 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 10998000 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 10998000 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 10998000 frs-bus:SmallEntities 2022-10-01 2023-09-30 10998000 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 10998000 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 10998000 frs-bus:Director1 2022-10-01 2023-09-30 10998000 frs-bus:CompanySecretary1 2022-10-01 2023-09-30 10998000 frs-countries:EnglandWales 2022-10-01 2023-09-30 10998000 2021-10-04 10998000 2022-09-30 10998000 2021-10-05 2022-09-30 10998000 frs-core:CurrentFinancialInstruments 2022-09-30 10998000 frs-core:Non-currentFinancialInstruments 2022-09-30 10998000 frs-core:ShareCapital 2022-09-30 10998000 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 10998000
Finson Property Limited
Unaudited Financial Statements
For The Year Ended 30 September 2023
Whittles LLP
1 Richmond Road
Lytham St Annes
Lancashire
FY8 1PE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10998000
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 385,000 385,000
385,000 385,000
CURRENT ASSETS
Stocks 5 228,028 228,028
Debtors 6 22,414 22,414
Cash at bank and in hand 1,405 1,405
251,847 251,847
Creditors: Amounts Falling Due Within One Year 7 (16,492 ) (16,492 )
NET CURRENT ASSETS (LIABILITIES) 235,355 235,355
TOTAL ASSETS LESS CURRENT LIABILITIES 620,355 620,355
Creditors: Amounts Falling Due After More Than One Year 8 (636,934 ) (636,934 )
NET LIABILITIES (16,579 ) (16,579 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (16,679 ) (16,679 )
SHAREHOLDERS' FUNDS (16,579) (16,579)
Page 1
Page 2
For the year ending 30 September 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 David Robinson
Director
26/09/2024
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
Finson Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10998000 . The registered office is 16 Jeffrey Avenue, Longridge, Preston, PR3 3TH.

Monetary amounts in these financial statements are rounded to the nearest £.

The presentation currency of the financial statements is the Pound Sterling (£).

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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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 October 2022 and 30 September 2023 385,000
5. Stocks
2023 2022
£ £
Stock - properties under development and completed 228,028 228,028
Page 3
Page 4
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 21,614 21,614
Other debtors 800 800
22,414 22,414
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 7,668 7,668
Other taxes and social security 1,528 1,528
Net wages 3,755 3,755
Other creditors 139 139
Accruals and deferred income 3,402 3,402
16,492 16,492
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 636,934 636,934
9. Secured Creditors
Of the creditors the following amounts are secured.
2023 2022
£ £
Other Creditors - 636,934
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4