Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 30 December 2023 30 December 2023 12160278 Mr Kai Schiefelbein Ms Alexandra Gerlier Papadakis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12160278 2022-12-31 12160278 2023-12-30 12160278 2023-01-01 2023-12-30 12160278 frs-core:FurnitureFittings 2023-12-30 12160278 frs-core:FurnitureFittings 2023-01-01 2023-12-30 12160278 frs-core:FurnitureFittings 2022-12-31 12160278 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-30 12160278 frs-core:InvestmentPropertyIncludedWithinPPE 2022-12-31 12160278 frs-core:ShareCapital 2023-12-30 12160278 frs-core:RetainedEarningsAccumulatedLosses 2023-12-30 12160278 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-30 12160278 frs-bus:FilletedAccounts 2023-01-01 2023-12-30 12160278 frs-bus:SmallEntities 2023-01-01 2023-12-30 12160278 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-30 12160278 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-30 12160278 frs-bus:Director1 2023-01-01 2023-12-30 12160278 frs-bus:Director2 2023-01-01 2023-12-30 12160278 frs-countries:EnglandWales 2023-01-01 2023-12-30 12160278 2021-12-31 12160278 2022-12-31 12160278 2022-01-01 2022-12-31 12160278 frs-core:ShareCapital 2022-12-31 12160278 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 12160278
Academy Properties Ltd
Unaudited Financial Statements
For The Year Ended 30 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12160278
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 771,246 777,923
771,246 777,923
CURRENT ASSETS
Cash at bank and in hand 18,887 1,952
18,887 1,952
Creditors: Amounts Falling Due Within One Year 5 (807,943 ) (771,058 )
NET CURRENT ASSETS (LIABILITIES) (789,056 ) (769,106 )
TOTAL ASSETS LESS CURRENT LIABILITIES (17,810 ) 8,817
NET (LIABILITIES)/ASSETS (17,810 ) 8,817
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (17,910 ) 8,717
SHAREHOLDERS' FUNDS (17,810) 8,817
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For the year ending 30 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
Ms Alexandra Gerlier Papadakis
Director
24/09/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Academy Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12160278 . The registered office is Kimber Cottage, Winterbourne, Newbury, Berkshire, RG20 8AN.
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.
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. 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:
Fixtures & Fittings 25% Reducing Balance
2.4. Investment Properties
All investment properties are carried at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on a systematic basis over the asset’s useful life. The carrying amounts are reviewed annually for indications of impairment, and any impairment losses are recognised in the Profit and Loss. Changes in market value are not reflected in the financial statements under the cost model.
2.5. Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.
The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The Directors do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: 2)
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4. Tangible Assets
Investment Properties Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2023 776,701 15,445 792,146
Additions - 7,685 7,685
As at 30 December 2023 776,701 23,130 799,831
Depreciation
As at 1 January 2023 10,357 3,866 14,223
Provided during the period 10,356 4,006 14,362
As at 30 December 2023 20,713 7,872 28,585
Net Book Value
As at 30 December 2023 755,988 15,258 771,246
As at 1 January 2023 766,344 11,579 777,923
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 807,943 771,058
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
7. Related Party Transactions
The ultimate controlling party of the company is Academy Editions Limited, which holds 100% of the issued share capital of the company.
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