Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 11844160 Mr Craig Teasdale Ms Siani Anderson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11844160 2023-02-28 11844160 2024-02-29 11844160 2023-03-01 2024-02-29 11844160 frs-core:CurrentFinancialInstruments 2024-02-29 11844160 frs-core:Non-currentFinancialInstruments 2024-02-29 11844160 frs-core:ComputerEquipment 2024-02-29 11844160 frs-core:ComputerEquipment 2023-03-01 2024-02-29 11844160 frs-core:ComputerEquipment 2023-02-28 11844160 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 11844160 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 11844160 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 11844160 frs-core:ShareCapital 2024-02-29 11844160 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11844160 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11844160 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 11844160 frs-bus:SmallEntities 2023-03-01 2024-02-29 11844160 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11844160 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11844160 frs-bus:Director1 2023-03-01 2024-02-29 11844160 frs-bus:Director2 2023-03-01 2024-02-29 11844160 frs-core:Non-currentFinancialInstruments 1 2024-02-29 11844160 frs-core:Non-currentFinancialInstruments 2 2024-02-29 11844160 frs-core:Non-currentFinancialInstruments 3 2024-02-29 11844160 frs-core:Non-currentFinancialInstruments 4 2024-02-29 11844160 frs-countries:EnglandWales 2023-03-01 2024-02-29 11844160 2022-02-28 11844160 2023-02-28 11844160 2022-03-01 2023-02-28 11844160 frs-core:CurrentFinancialInstruments 2023-02-28 11844160 frs-core:Non-currentFinancialInstruments 2023-02-28 11844160 frs-core:ShareCapital 2023-02-28 11844160 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 11844160 frs-core:Non-currentFinancialInstruments 1 2023-02-28 11844160 frs-core:Non-currentFinancialInstruments 2 2023-02-28 11844160 frs-core:Non-currentFinancialInstruments 3 2023-02-28 11844160 frs-core:Non-currentFinancialInstruments 4 2023-02-28
Registered number: 11844160
Neenee Properties Ltd
Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11844160
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 380,098 256,721
380,098 256,721
CURRENT ASSETS
Cash at bank and in hand 1,217 1,299
1,217 1,299
Creditors: Amounts Falling Due Within One Year 5 (126,854 ) (77,933 )
NET CURRENT ASSETS (LIABILITIES) (125,637 ) (76,634 )
TOTAL ASSETS LESS CURRENT LIABILITIES 254,461 180,087
Creditors: Amounts Falling Due After More Than One Year 6 (255,701 ) (181,664 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (4 )
NET LIABILITIES (1,240 ) (1,581 )
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (1,242 ) (1,583 )
SHAREHOLDERS' FUNDS (1,240) (1,581)
Page 1
Page 2
For the year ending 29 February 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 Craig Teasdale
Director
10/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Neenee Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11844160 . The registered office is 3 Kingsdale Avenue, Washington, NE37 2LA.
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 Revaluation
Computer Equipment 1/3 straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: NIL)
1 -
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 256,698 397 257,095
Additions 123,400 - 123,400
As at 29 February 2024 380,098 397 380,495
Depreciation
As at 1 March 2023 - 374 374
Provided during the period - 23 23
As at 29 February 2024 - 397 397
Net Book Value
As at 29 February 2024 380,098 - 380,098
As at 1 March 2023 256,698 23 256,721
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Corporation tax 84 198
Accruals and deferred income 480 420
Directors' loan accounts 126,290 77,314
126,854 77,933
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Precise Mortgage - 4 The Oval 37,204 38,423
Nottingham Mortgage - 88 Ennerdale 71,577 71,240
Nottingham Mortgage - 59 Beverly Court 71,601 72,001
The Mortgage Works - 111 Rowan Ave 75,319 -
255,701 181,664
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4