Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 17 December 2021 false 1 April 2023 31 March 2024 31 March 2024 SC717841 Mr Lewis Page Lewis Page true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC717841 2023-03-31 SC717841 2024-03-31 SC717841 2023-04-01 2024-03-31 SC717841 frs-core:CurrentFinancialInstruments 2024-03-31 SC717841 frs-core:Non-currentFinancialInstruments 2024-03-31 SC717841 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 SC717841 frs-core:InvestmentPropertyIncludedWithinPPE 2023-04-01 2024-03-31 SC717841 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-31 SC717841 frs-core:ShareCapital 2024-03-31 SC717841 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC717841 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC717841 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC717841 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC717841 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC717841 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC717841 1 2023-04-01 2024-03-31 SC717841 frs-bus:Director1 2023-04-01 2024-03-31 SC717841 frs-countries:Scotland 2023-04-01 2024-03-31 SC717841 2021-12-16 SC717841 2023-03-31 SC717841 2021-12-17 2023-03-31 SC717841 frs-core:CurrentFinancialInstruments 2023-03-31 SC717841 frs-core:Non-currentFinancialInstruments 2023-03-31 SC717841 frs-core:ShareCapital 2023-03-31 SC717841 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC717841
CGS Property Management Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Rosslyn Associates Ltd
Chartered Tax Advisers & Accountants
The Walled Garden
South Building
Bush Estate
Midlothian
EH26 0SD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC717841
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 496,098 166,994
496,098 166,994
CURRENT ASSETS
Debtors 5 50 -
Cash at bank and in hand 145,465 435
145,515 435
Creditors: Amounts Falling Due Within One Year 6 (336,573 ) (102,802 )
NET CURRENT ASSETS (LIABILITIES) (191,058 ) (102,367 )
TOTAL ASSETS LESS CURRENT LIABILITIES 305,040 64,627
Creditors: Amounts Falling Due After More Than One Year 7 (306,600 ) (64,035 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (22,270 ) -
NET (LIABILITIES)/ASSETS (23,830 ) 592
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (23,930 ) 492
SHAREHOLDERS' FUNDS (23,830) 592
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 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 Lewis Page
Director
27/09/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
CGS Property Management Limited is a private company, limited by shares, incorporated in Scotland, registered number SC717841 . The registered office is C/O Rosslyn Associates, The Walled Garden, South Building, Bush estate, Edinburgh, Midlothian, EH26 0SD.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 April 2023 166,994
Additions 364,932
Disposals (124,909 )
Revaluation 89,081
As at 31 March 2024 496,098
Net Book Value
As at 31 March 2024 496,098
As at 1 April 2023 166,994
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Page 4
5. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Other debtors 50 -
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Bank loans and overdrafts - 4,667
Other creditors 336,573 98,020
Taxation and social security - 115
336,573 102,802
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Bank loans 306,600 64,035
8. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.
10. Ultimate Controlling Party
The company's ultimate controlling party is Lewis Page by virtue of his ownership of 100% of the issued share capital in the company.
11. Charges
Lendinvest Btl Limited holds one charge over one property and assets held within the company.
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