Acorah Software Products - Accounts Production 15.0.600 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08965486 Mr T Yilmaz iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08965486 2023-03-31 08965486 2024-03-31 08965486 2023-04-01 2024-03-31 08965486 frs-core:CurrentFinancialInstruments 2024-03-31 08965486 frs-core:ComputerEquipment 2024-03-31 08965486 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08965486 frs-core:ComputerEquipment 2023-03-31 08965486 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 08965486 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08965486 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 08965486 frs-core:ShareCapital 2024-03-31 08965486 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08965486 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08965486 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08965486 frs-bus:SmallEntities 2023-04-01 2024-03-31 08965486 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08965486 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08965486 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 08965486 frs-bus:OrdinaryShareClass1 2024-03-31 08965486 frs-bus:Director1 2023-04-01 2024-03-31 08965486 frs-countries:EnglandWales 2023-04-01 2024-03-31 08965486 2022-03-31 08965486 2023-03-31 08965486 2022-04-01 2023-03-31 08965486 frs-core:CurrentFinancialInstruments 2023-03-31 08965486 frs-core:ShareCapital 2023-03-31 08965486 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 08965486 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31
Registered number: 08965486
Teyaz Properties Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Beever & Struthers
One Express
1 George Leigh Street
Manchester
M4 5DL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08965486
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,726,321 1,720,198
1,726,321 1,720,198
CURRENT ASSETS
Debtors 5 38,581 36,297
Cash at bank and in hand 5,406 2,321
43,987 38,618
Creditors: Amounts Falling Due Within One Year 6 (2,328,836 ) (2,249,231 )
NET CURRENT ASSETS (LIABILITIES) (2,284,849 ) (2,210,613 )
TOTAL ASSETS LESS CURRENT LIABILITIES (558,528 ) (490,415 )
NET LIABILITIES (558,528 ) (490,415 )
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (558,530 ) (490,417 )
SHAREHOLDERS' FUNDS (558,528) (490,415)
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 T Yilmaz
Director
3 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
Teyaz Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08965486 . The registered office is The Coach House, 21a Chambres Road, Southport, Merseyside, PR8 6JG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
2.2. Going Concern Disclosure
At the balance sheet date the company had net current liabilities. The company is dependent on the support of its directors, who have confirmed they will continue to provide such support. Therefore the directors feel it appropriate to prepare the financial statements on the going concern basis.
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 No depreciation
Computer Equipment 20% Straight line
The gain or loss on disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charges to profit or loss.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
...CONTINUED
Page 3
Page 4
2.5. Financial Instruments - continued
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 1,720,178 1,210 1,721,388
Additions 6,143 - 6,143
As at 31 March 2024 1,726,321 1,210 1,727,531
Depreciation
As at 1 April 2023 - 1,190 1,190
Provided during the period - 20 20
As at 31 March 2024 - 1,210 1,210
Net Book Value
As at 31 March 2024 1,726,321 - 1,726,321
As at 1 April 2023 1,720,178 20 1,720,198
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 38,581 36,297
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 41,514 43,074
Other creditors 2,286,002 2,206,157
Taxation and social security 1,320 -
2,328,836 2,249,231
Page 4
Page 5
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1 each 2 2
Page 5