Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 07246715 Mr Leslie Dennison Mr Martin Storey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07246715 2023-04-30 07246715 2024-04-30 07246715 2023-05-01 2024-04-30 07246715 frs-core:CurrentFinancialInstruments 2024-04-30 07246715 frs-core:RevaluationReserve 2023-04-30 07246715 frs-core:RevaluationReserve 2024-04-30 07246715 frs-core:ShareCapital 2024-04-30 07246715 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 07246715 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07246715 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 07246715 frs-bus:SmallEntities 2023-05-01 2024-04-30 07246715 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 07246715 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 07246715 frs-bus:Director1 2023-05-01 2024-04-30 07246715 frs-bus:Director2 2023-05-01 2024-04-30 07246715 frs-countries:EnglandWales 2023-05-01 2024-04-30 07246715 2022-04-30 07246715 2023-04-30 07246715 2022-05-01 2023-04-30 07246715 frs-core:CurrentFinancialInstruments 2023-04-30 07246715 frs-core:RevaluationReserve 2023-04-30 07246715 frs-core:ShareCapital 2023-04-30 07246715 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 07246715
Tedium Properties Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Golding Accountancy
ACCA
15 Eastwood Road
Rayleigh
Essex
SS6 7JD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07246715
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 862,664 862,664
862,664 862,664
CURRENT ASSETS
Cash at bank and in hand 519 1,137
519 1,137
Creditors: Amounts Falling Due Within One Year 5 (4,413 ) (4,767 )
NET CURRENT ASSETS (LIABILITIES) (3,894 ) (3,630 )
TOTAL ASSETS LESS CURRENT LIABILITIES 858,770 859,034
NET ASSETS 858,770 859,034
CAPITAL AND RESERVES
Called up share capital 6 180,002 180,002
Revaluation reserve 7 682,662 682,662
Profit and Loss Account (3,894 ) (3,630 )
SHAREHOLDERS' FUNDS 858,770 859,034
Page 1
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For the year ending 30 April 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 Martin Storey
Director
23 July 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
Tedium Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07246715 . The registered office is 8 Latchingdon Road, Cold Norton, Chelmsford, CM3 6UA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 represents rental income and is recognised on an accruals basis.


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.
2.4. Financial Instruments
The company has elected to apply the provisions of Section 11'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all 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 carries 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

Classification of financial assets
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered. An equity instrument is and contract that evidences a residual interest in the assets of the company after deducting all its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, 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.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Cost or valuation as at 30 April 2024 represented by:
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4. Investment Property
2024
£
Fair Value
As at 1 May 2023 and 30 April 2024 862,664
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Other taxes and social security 3,533 3,886
Accruals and deferred income 880 880
4,413 4,767
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 180,002 180,002
7. Reserves
Revaluation Reserve
£
As at 1 May 2023 682,662
As at 30 April 2024 682,662
Page 4