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 01850356 Mrs Beatrice Paton Mr Alan Paton Mrs Beatrice Paton Mr. A. Paton true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01850356 2023-03-31 01850356 2024-03-31 01850356 2023-04-01 2024-03-31 01850356 frs-core:CurrentFinancialInstruments 2024-03-31 01850356 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 01850356 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-31 01850356 frs-core:ShareCapital 2024-03-31 01850356 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 01850356 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01850356 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 01850356 frs-bus:SmallEntities 2023-04-01 2024-03-31 01850356 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01850356 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01850356 1 2023-04-01 2024-03-31 01850356 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-04-01 2024-03-31 01850356 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 01850356 frs-bus:Director1 2023-04-01 2024-03-31 01850356 frs-bus:Director2 2023-04-01 2024-03-31 01850356 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 01850356 frs-countries:EnglandWales 2023-04-01 2024-03-31 01850356 2022-03-31 01850356 2023-03-31 01850356 2022-04-01 2023-03-31 01850356 frs-core:CurrentFinancialInstruments 2023-03-31 01850356 frs-core:ShareCapital 2023-03-31 01850356 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 01850356 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31
Registered number: 01850356
Technology Appraisals Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Passman Leonard Associates Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 01850356
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 950,000 850,000
950,000 850,000
CURRENT ASSETS
Cash at bank and in hand 43,596 36,227
43,596 36,227
Creditors: Amounts Falling Due Within One Year 5 (3,642 ) (3,222 )
NET CURRENT ASSETS (LIABILITIES) 39,954 33,005
TOTAL ASSETS LESS CURRENT LIABILITIES 989,954 883,005
PROVISIONS FOR LIABILITIES
Deferred Taxation (114,755 ) -
NET ASSETS 875,199 883,005
CAPITAL AND RESERVES
Called up share capital 6 184 184
Fair Value Reserve 7 705,000 -
Profit and Loss Account 170,015 882,821
SHAREHOLDERS' FUNDS 875,199 883,005
Page 1
Page 2
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 Alan Paton
Director
19 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
Technology Appraisals Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01850356 . The registered office is 82 Hampton Road, Twickenham, Middlesex, TW2 5QS.
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:
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. 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.
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
Page 3
Page 4
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 April 2023 850,000
Revaluation 100,000
As at 31 March 2024 950,000
Net Book Value
As at 31 March 2024 950,000
As at 1 April 2023 850,000
The investment properties were revalued as at 31 March 2024 by the director on an open market basis. The historical cost of the investment properties included at a valuation of £950,000 (2023 - £850,000) was £245,000 (2023 - £245,000). 
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 992 645
Corporation tax 1,630 1,557
Accruals and deferred income 1,020 1,020
3,642 3,222
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 184 184
7. Reserves
Fair Value Reserve
£
Movements in fair value reserve 100,000
Transfer to profit and loss 605,000
As at 31 March 2024 705,000
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr. A. Paton by virtue of his ownership of 65% of the issued share capital in the company.
Page 4