Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 04996778 Mrs A M Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04996778 2022-12-31 04996778 2023-12-31 04996778 2023-01-01 2023-12-31 04996778 frs-core:CurrentFinancialInstruments 2023-12-31 04996778 frs-core:Non-currentFinancialInstruments 2023-12-31 04996778 frs-core:FurnitureFittings 2023-12-31 04996778 frs-core:FurnitureFittings 2023-01-01 2023-12-31 04996778 frs-core:FurnitureFittings 2022-12-31 04996778 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 04996778 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 04996778 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 04996778 frs-core:PlantMachinery 2023-12-31 04996778 frs-core:PlantMachinery 2023-01-01 2023-12-31 04996778 frs-core:PlantMachinery 2022-12-31 04996778 frs-core:RevaluationReserve 2023-01-01 2023-12-31 04996778 frs-core:RevaluationReserve 2023-12-31 04996778 frs-core:ShareCapital 2023-12-31 04996778 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04996778 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04996778 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04996778 frs-bus:SmallEntities 2023-01-01 2023-12-31 04996778 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04996778 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04996778 frs-bus:Director1 2023-01-01 2023-12-31 04996778 frs-core:CurrentFinancialInstruments 1 2023-12-31 04996778 frs-core:Non-currentFinancialInstruments 1 2023-12-31 04996778 frs-countries:EnglandWales 2023-01-01 2023-12-31 04996778 2021-12-31 04996778 2022-12-31 04996778 2022-01-01 2022-12-31 04996778 frs-core:CurrentFinancialInstruments 2022-12-31 04996778 frs-core:Non-currentFinancialInstruments 2022-12-31 04996778 frs-core:RevaluationReserve 2022-12-31 04996778 frs-core:ShareCapital 2022-12-31 04996778 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 04996778 frs-core:CurrentFinancialInstruments 1 2022-12-31 04996778 frs-core:Non-currentFinancialInstruments 1 2022-12-31
Registered number: 04996778
Abode Design & Development Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04996778
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 988,750 851,324
988,750 851,324
CURRENT ASSETS
Debtors 5 2,000 -
Cash at bank and in hand 7,153 25,515
9,153 25,515
Creditors: Amounts Falling Due Within One Year 6 (26,632 ) (25,015 )
NET CURRENT ASSETS (LIABILITIES) (17,479 ) 500
TOTAL ASSETS LESS CURRENT LIABILITIES 971,271 851,824
Creditors: Amounts Falling Due After More Than One Year 7 (865,302 ) (895,910 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (26,775 ) -
NET ASSETS/(LIABILITIES) 79,194 (44,086 )
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Revaluation reserve 9 114,151 -
Profit and Loss Account (35,957 ) (45,086 )
SHAREHOLDERS' FUNDS 79,194 (44,086)
Page 1
Page 2
For the year ending 31 December 2023 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
Mrs A M Smith
Director
31 July 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Abode Design & Development Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04996778 . The registered office is Gowran House 56 Broad Street, Chipping Sodbury, Bristol, BS37 6AG.
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. Going Concern Disclosure
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurances
from the director that she will continue to give financial support to the company for twelve months from the date
of signing of these accounts.
On this basis the director considers it appropriate to prepare the accounts on the going concern basis.
2.3. Turnover
Turnover represents property rents less agents fees.
2.4. 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 base
No depreciation is provided on the long leasehold property as its value is considered to be in excess of cost.
Long leasehold No depreciation
Office equipment 20% on reducing balance
Furnishings and equipment 20% on reducing balance
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Land & Property
Long leasehold Office equipment Furnishings and equipment Total
£ £ £ £
Cost or Valuation
As at 1 January 2023 834,074 2,937 29,767 866,778
Revaluation 140,926 - - 140,926
As at 31 December 2023 975,000 2,937 29,767 1,007,704
Depreciation
As at 1 January 2023 - 1,687 13,767 15,454
Provided during the period - 250 3,250 3,500
As at 31 December 2023 - 1,937 17,017 18,954
Net Book Value
As at 31 December 2023 975,000 1,000 12,750 988,750
As at 1 January 2023 834,074 1,250 16,000 851,324
5. Debtors
2023 2022
£ £
Due within one year
Intercompany current account 2,000 -
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Sundry creditors and accruals 1,632 15
Directors' loan accounts 25,000 25,000
26,632 25,015
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Mortgage 399,656 399,656
Directors loan account 465,646 496,254
865,302 895,910
The bank holds a first charge over the long leasehold property at 3 Penlee Flats, 2 Tower Park, Fowey, PL23 1JB, payable on an interest-only basis, with full repayment in around 6 years.
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Reserves
Revaluation Reserve
£
Revaluation reserve 114,151
As at 31 December 2023 114,151
10. Related Party Transactions
The company is controlled by the Director, who, together with the shareholders, are owed £490,646 at 31/12/23
(£521,254 at 31/12/22), which are interest-free and repayable on demand.
Page 5