Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11081240 Mr Joe Daniels Mr Glyn Daniels the directors true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11081240 2023-03-31 11081240 2024-03-31 11081240 2023-04-01 2024-03-31 11081240 frs-core:CurrentFinancialInstruments 2024-03-31 11081240 frs-core:Non-currentFinancialInstruments 2024-03-31 11081240 frs-core:RevaluationReserve 2023-04-01 2024-03-31 11081240 frs-core:RevaluationReserve 2023-03-31 11081240 frs-core:RevaluationReserve 2024-03-31 11081240 frs-core:ShareCapital 2024-03-31 11081240 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11081240 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11081240 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11081240 frs-bus:SmallEntities 2023-04-01 2024-03-31 11081240 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11081240 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11081240 1 2023-04-01 2024-03-31 11081240 frs-bus:Director1 2023-04-01 2024-03-31 11081240 frs-bus:Director2 2023-04-01 2024-03-31 11081240 frs-countries:EnglandWales 2023-04-01 2024-03-31 11081240 2022-03-31 11081240 2023-03-31 11081240 2022-04-01 2023-03-31 11081240 frs-core:CurrentFinancialInstruments 2023-03-31 11081240 frs-core:Non-currentFinancialInstruments 2023-03-31 11081240 frs-core:RevaluationReserve 2023-03-31 11081240 frs-core:ShareCapital 2023-03-31 11081240 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 11081240
D2 Properties (Yorkshire) Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Enterprise Chartered Certified Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11081240
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,729,000 1,541,735
1,729,000 1,541,735
CURRENT ASSETS
Debtors 6 34,012 38,401
Cash at bank and in hand 7 10,712
34,019 49,113
Creditors: Amounts Falling Due Within One Year 7 (86,024 ) (22,196 )
NET CURRENT ASSETS (LIABILITIES) (52,005 ) 26,917
TOTAL ASSETS LESS CURRENT LIABILITIES 1,676,995 1,568,652
Creditors: Amounts Falling Due After More Than One Year 8 (1,487,313 ) (1,322,647 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (66,266 ) (40,912 )
NET ASSETS 123,416 205,093
CAPITAL AND RESERVES
Called up share capital 9 275,350 275,350
Revaluation reserve 10 257,501 149,412
Profit and Loss Account (409,435 ) (219,669 )
SHAREHOLDERS' FUNDS 123,416 205,093
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 Joe Daniels
Director
15/10/2024
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
D2 Properties (Yorkshire) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11081240 . The registered office is Unit 1, The Old Police Station Shrewsbury Road, Bircotes, Doncaster, DN11 8DE.
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. 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: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 April 2023 1,541,735
Additions 53,822
Revaluations 133,443
As at 31 March 2024 1,729,000
6. Debtors
2024 2023
£ £
Due within one year
Amounts owed by participating interests 1,146 1,146
Other debtors 32,866 37,255
34,012 38,401
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Page 4
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 11,258 -
Amounts owed to participating interests 58,562 22,196
Other creditors 16,204 -
86,024 22,196
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,487,313 1,322,647
The bank loans are secured by a first legal charges over the freehold assets of the company.
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 275,350 275,350
10. Reserves
Revaluation Reserve
£
As at 1 April 2023 149,412
Surplus on revaluation 108,089
As at 31 March 2024 257,501
11. Ultimate Controlling Party
The company's ultimate controlling party is the directors by virtue of their ownership of 100% of the issued share capital in the company.
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