Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 09359674 W D Cook iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09359674 2023-03-31 09359674 2024-03-31 09359674 2023-04-01 2024-03-31 09359674 frs-core:CurrentFinancialInstruments 2024-03-31 09359674 frs-core:PlantMachinery 2024-03-31 09359674 frs-core:PlantMachinery 2023-04-01 2024-03-31 09359674 frs-core:PlantMachinery 2023-03-31 09359674 frs-core:WithinOneYear 2024-03-31 09359674 frs-core:ShareCapital 2024-03-31 09359674 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09359674 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09359674 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09359674 frs-bus:SmallEntities 2023-04-01 2024-03-31 09359674 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09359674 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09359674 frs-bus:Director1 2023-04-01 2024-03-31 09359674 frs-countries:EnglandWales 2023-04-01 2024-03-31 09359674 2022-03-31 09359674 2023-03-31 09359674 2022-04-01 2023-03-31 09359674 frs-core:CurrentFinancialInstruments 2023-03-31 09359674 frs-core:BetweenOneFiveYears 2023-03-31 09359674 frs-core:WithinOneYear 2023-03-31 09359674 frs-core:ShareCapital 2023-03-31 09359674 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 09359674
Three Phase Property Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Shaw Austin
Chartered Accountants
45 City Road
Chester
CH1 3AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09359674
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,107 389
Investment Properties 5 339,198 339,198
340,305 339,587
CURRENT ASSETS
Debtors 6 1,472 1,372
Cash at bank and in hand 60,608 59,185
62,080 60,557
Creditors: Amounts Falling Due Within One Year 7 (339,305 ) (338,917 )
NET CURRENT ASSETS (LIABILITIES) (277,225 ) (278,360 )
TOTAL ASSETS LESS CURRENT LIABILITIES 63,080 61,227
NET ASSETS 63,080 61,227
CAPITAL AND RESERVES
Called up share capital 8 20 20
Profit and Loss Account 63,060 61,207
SHAREHOLDERS' FUNDS 63,080 61,227
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
W D Cook
Director
17 October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Three Phase Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09359674 . The registered office is 33a Church Street, Frodsham, WA6 6PN.
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.
The presentational currency is £ Sterling and all amounts are rounded to the nearest £.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts..
Turnover includes revenue earned from the rental of property.

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:
Plant & Machinery 25% 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.
2.5. 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.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
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 years 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.
Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company makes contributions into employee's personal defined contribution pension schemes. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 582
Additions 1,151
As at 31 March 2024 1,733
Depreciation
As at 1 April 2023 193
Provided during the period 433
As at 31 March 2024 626
Net Book Value
As at 31 March 2024 1,107
As at 1 April 2023 389
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 339,198
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,472 1,372
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,250 949
Other creditors 337,860 337,813
Taxation and social security 195 155
339,305 338,917
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20 20
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9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 5,680 7,573
Later than one year and not later than five years - 5,679
5,680 13,252
10. Related Party Transactions
The director makes a loan available to the company throughout the period, with interest charged at below a commercial rate. The loan amount outstanding at the year end was £336,912 (2023 - £336,949).
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