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 11248026 Mr David Smith Mrs Helena Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11248026 2023-03-31 11248026 2024-03-31 11248026 2023-04-01 2024-03-31 11248026 frs-core:CurrentFinancialInstruments 2024-03-31 11248026 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 11248026 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11248026 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 11248026 frs-core:ShareCapital 2024-03-31 11248026 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11248026 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11248026 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11248026 frs-bus:SmallEntities 2023-04-01 2024-03-31 11248026 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11248026 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11248026 frs-bus:Director1 2023-04-01 2024-03-31 11248026 frs-bus:Director2 2023-04-01 2024-03-31 11248026 frs-countries:EnglandWales 2023-04-01 2024-03-31 11248026 2022-03-31 11248026 2023-03-31 11248026 2022-04-01 2023-03-31 11248026 frs-core:CurrentFinancialInstruments 2023-03-31 11248026 frs-core:ShareCapital 2023-03-31 11248026 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 11248026
Cape Ross Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11248026
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 130,000 150,000
130,000 150,000
CURRENT ASSETS
Cash at bank and in hand 35,751 35,161
35,751 35,161
Creditors: Amounts Falling Due Within One Year 5 (173,179 ) (172,612 )
NET CURRENT ASSETS (LIABILITIES) (137,428 ) (137,451 )
TOTAL ASSETS LESS CURRENT LIABILITIES (7,428 ) 12,549
NET (LIABILITIES)/ASSETS (7,428 ) 12,549
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (7,528 ) 12,449
SHAREHOLDERS' FUNDS (7,428) 12,549
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 Smith
Director
25 September 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Cape Ross Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11248026 . The registered office is 15 St Martins Avenue, Peverell, Plymouth, Devon, PL3 4QS.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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:
Freehold Not depreciated
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: NIL)
2 -
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 April 2023 150,000
Disposals (20,000 )
As at 31 March 2024 130,000
Net Book Value
As at 31 March 2024 130,000
As at 1 April 2023 150,000
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Page 3
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 99,937 99,937
Accruals and deferred income 835 806
Directors' loan accounts 72,407 71,869
173,179 172,612
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Fair Value of Investment Property
Investment Property is held at fair value as determined by an independent valuation obtained by the Director. 
There are no restrictions to the realisability of the investment property or the remittance of income and proceeds of disposal. The company is obliged to carry out repairs and maintenance on the property.
Carrying value at 31 March 2023 : £150,000
Carrying valule at 31 March 2024 : £130,000
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