Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 09681778 Ms S Findley Mr C Findley-Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09681778 2023-07-31 09681778 2024-07-31 09681778 2023-08-01 2024-07-31 09681778 frs-core:CurrentFinancialInstruments 2024-07-31 09681778 frs-core:Non-currentFinancialInstruments 2024-07-31 09681778 frs-core:ComputerEquipment 2024-07-31 09681778 frs-core:ComputerEquipment 2023-08-01 2024-07-31 09681778 frs-core:ComputerEquipment 2023-07-31 09681778 frs-core:ShareCapital 2024-07-31 09681778 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 09681778 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09681778 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 09681778 frs-bus:SmallEntities 2023-08-01 2024-07-31 09681778 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09681778 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09681778 frs-bus:Director1 2023-08-01 2024-07-31 09681778 frs-bus:Director2 2023-08-01 2024-07-31 09681778 frs-countries:EnglandWales 2023-08-01 2024-07-31 09681778 2022-07-31 09681778 2023-07-31 09681778 2022-08-01 2023-07-31 09681778 frs-core:CurrentFinancialInstruments 2023-07-31 09681778 frs-core:Non-currentFinancialInstruments 2023-07-31 09681778 frs-core:ShareCapital 2023-07-31 09681778 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 09681778
Findley Properties Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09681778
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 796 -
Investment Properties 5 2,278,880 2,278,880
2,279,676 2,278,880
CURRENT ASSETS
Debtors 6 18,773 1,844
Cash at bank and in hand 37 -
18,810 1,844
Creditors: Amounts Falling Due Within One Year 7 (86,545 ) (173,701 )
NET CURRENT ASSETS (LIABILITIES) (67,735 ) (171,857 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,211,941 2,107,023
Creditors: Amounts Falling Due After More Than One Year 8 (2,084,120 ) (1,974,157 )
NET ASSETS 127,821 132,866
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 127,811 132,856
SHAREHOLDERS' FUNDS 127,821 132,866
Page 1
Page 2
For the year ending 31 July 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
Ms S Findley
Director
Mr C Findley-Smith
Director
11 October 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
Findley Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09681778 . The registered office is Kings Weston, Main Road, Appleford, Abingdon, Oxfordshire, OX14 4PD.
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.
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 £.
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.
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:
Computer Equipment 20% straight line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 3)
4 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 -
Additions 995
As at 31 July 2024 995
Depreciation
As at 1 August 2023 -
Provided during the period 199
As at 31 July 2024 199
Net Book Value
As at 31 July 2024 796
As at 1 August 2023 -
Page 3
Page 4
5. Investment Property
2024
£
Fair Value
As at 1 August 2023 and 31 July 2024 2,278,880
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 17,375 251
Other debtors 1,398 1,593
18,773 1,844
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 4,187 24,549
Other creditors 82,358 148,994
Taxation and social security - 158
86,545 173,701
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,084,120 1,974,157
2,084,120 1,974,157
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 4