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 08382471 Mr R Walker Mr S J Walker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08382471 2023-03-31 08382471 2024-03-31 08382471 2023-04-01 2024-03-31 08382471 frs-core:CurrentFinancialInstruments 2024-03-31 08382471 frs-core:Non-currentFinancialInstruments 2024-03-31 08382471 frs-core:MotorVehicles 2024-03-31 08382471 frs-core:MotorVehicles 2023-04-01 2024-03-31 08382471 frs-core:MotorVehicles 2023-03-31 08382471 frs-core:PlantMachinery 2024-03-31 08382471 frs-core:PlantMachinery 2023-04-01 2024-03-31 08382471 frs-core:PlantMachinery 2023-03-31 08382471 frs-core:ShareCapital 2024-03-31 08382471 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08382471 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08382471 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08382471 frs-bus:SmallEntities 2023-04-01 2024-03-31 08382471 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08382471 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08382471 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-04-01 2024-03-31 08382471 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31 08382471 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 08382471 frs-bus:Director1 2023-04-01 2024-03-31 08382471 frs-bus:Director1 2023-03-31 08382471 frs-bus:Director1 2024-03-31 08382471 frs-bus:Director2 2023-04-01 2024-03-31 08382471 frs-bus:Director2 2023-03-31 08382471 frs-bus:Director2 2024-03-31 08382471 frs-countries:EnglandWales 2023-04-01 2024-03-31 08382471 2022-03-31 08382471 2023-03-31 08382471 2022-04-01 2023-03-31 08382471 frs-core:CurrentFinancialInstruments 2023-03-31 08382471 frs-core:Non-currentFinancialInstruments 2023-03-31 08382471 frs-core:ShareCapital 2023-03-31 08382471 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 08382471 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31
Registered number: 08382471
Cobol Property Investments Limited
Financial Statements
For The Year Ended 31 March 2024
Cound & Co LLP
Chartered Accountants
1 Princes Court Royal Way
Loughborough
LE11 5XR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08382471
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,664 2,219
Investment Properties 5 2,531,212 2,377,110
2,532,876 2,379,329
CURRENT ASSETS
Debtors 6 5,241 32,316
Cash at bank and in hand 5,090 11,010
10,331 43,326
Creditors: Amounts Falling Due Within One Year 7 (1,066,216 ) (1,129,708 )
NET CURRENT ASSETS (LIABILITIES) (1,055,885 ) (1,086,382 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,476,991 1,292,947
Creditors: Amounts Falling Due After More Than One Year 8 (375,663 ) (218,149 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (147,687 ) (139,148 )
NET ASSETS 953,641 935,650
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair Value Reserve 11 763,621 726,766
Profit and Loss Account 189,920 208,784
SHAREHOLDERS' FUNDS 953,641 935,650
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 S J Walker
Director
10th October 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
Cobol Property Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08382471 . The registered office is 1 Princes Court, Royal Way, Loughborough, Leicestershire, LE11 5XR.
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 rents receivable, and 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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
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.
2.5. Taxation
Taxation expense represents the sum of the tax currently payable and deferred tax.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences to the extent that it is considered a net liability may crystallise.

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
Plant & Machinery Motor Vehicles Total
£ £ £
Cost or Valuation
As at 1 April 2023 1,296 2,650 3,946
As at 31 March 2024 1,296 2,650 3,946
Depreciation
As at 1 April 2023 1,065 662 1,727
Provided during the period 58 497 555
As at 31 March 2024 1,123 1,159 2,282
Net Book Value
As at 31 March 2024 173 1,491 1,664
As at 1 April 2023 231 1,988 2,219
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 2,377,110
Additions 108,602
Revaluations 45,500
As at 31 March 2024 2,531,212
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 1,708,268 1,599,666
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,805 (230 )
Prepayments and accrued income 3,436 2,420
Directors' loan accounts - 30,126
5,241 32,316
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,748 197,210
Bank loans and overdrafts 32,486 19,108
Corporation tax 9,865 9,943
Other creditors 6,920 6,426
Accruals and deferred income 1,350 1,050
Intercompany Loan - Cobol Ltd 1,013,847 895,971
1,066,216 1,129,708
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 375,663 218,149
Bank loans are secured with Handelsbanken, by various charges over the investment properties.
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Robert Walker 15,063 - 15,063 - -
Mr Stewart Walker 15,063 - 15,063 - -
11. Reserves
Fair Value Reserve
£
As at 1 April 2023 726,766
Transfer to profit and loss 36,855
As at 31 March 2024 763,621
Page 5