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 09485904 Mrs Christine Shackell Mr Mark Stratton Mrs Christine Shackell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09485904 2023-03-31 09485904 2024-03-31 09485904 2023-04-01 2024-03-31 09485904 frs-core:CurrentFinancialInstruments 2024-03-31 09485904 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 09485904 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09485904 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 09485904 frs-core:RevaluationReserve 2023-03-31 09485904 frs-core:RevaluationReserve 2024-03-31 09485904 frs-core:ShareCapital 2024-03-31 09485904 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09485904 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09485904 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09485904 frs-bus:SmallEntities 2023-04-01 2024-03-31 09485904 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09485904 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09485904 frs-bus:Director1 2023-04-01 2024-03-31 09485904 frs-bus:Director2 2023-04-01 2024-03-31 09485904 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 09485904 frs-countries:EnglandWales 2023-04-01 2024-03-31 09485904 2022-03-31 09485904 2023-03-31 09485904 2022-04-01 2023-03-31 09485904 frs-core:CurrentFinancialInstruments 2023-03-31 09485904 frs-core:RevaluationReserve 2023-03-31 09485904 frs-core:ShareCapital 2023-03-31 09485904 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 09485904
Sculpher Gardens Management Company (No 2) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 09485904
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 80,000 80,000
80,000 80,000
CURRENT ASSETS
Debtors 5 69 76
Cash at bank and in hand 522 442
591 518
Creditors: Amounts Falling Due Within One Year 6 (530 ) (489 )
NET CURRENT ASSETS (LIABILITIES) 61 29
TOTAL ASSETS LESS CURRENT LIABILITIES 80,061 80,029
NET ASSETS 80,061 80,029
CAPITAL AND RESERVES
Called up share capital 7 6 6
Revaluation reserve 8 80,000 80,000
Income Statement 55 23
SHAREHOLDERS' FUNDS 80,061 80,029
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 Income Statement.
On behalf of the board
Mrs Christine Shackell
Director
Mr Mark Stratton
Director
30 September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sculpher Gardens Management Company (No 2) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09485904 . The registered office is 5 Sculpher Gardens, Fakenham, Norfolk, NR21 9FB.  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.
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 provided
2.4. Financial Instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.
a) Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.
b) Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.
c) Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
d) Trade and other creditors
Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 April 2023 80,000
As at 31 March 2024 80,000
Net Book Value
As at 31 March 2024 80,000
As at 1 April 2023 80,000
Included in cost or valuation of land and buildings is freehold land of £80,000 which is not depreciated.
Cost or valuation as at 31 March 2024 represented by:
Land & Property
Freehold
£
At cost 80,000
80,000
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 8
Prepayments and accrued income 69 68
69 76
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13 -
Accruals and deferred income 493 465
Directors' loan accounts 24 24
530 489
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6 6
Page 4
Page 5
8. Reserves
Revaluation Reserve
£
As at 1 April 2023 80,000
As at 31 March 2024 80,000
Page 5