Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 10 January 2022 false 1 February 2023 31 January 2024 31 January 2024 13836732 Mr Patrick Dixon Mrs Elspeth Dixon Mr Dermot Costelloe Mrs Helen Costelloe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13836732 2023-01-31 13836732 2024-01-31 13836732 2023-02-01 2024-01-31 13836732 frs-core:CurrentFinancialInstruments 2024-01-31 13836732 frs-core:FurnitureFittings 2024-01-31 13836732 frs-core:FurnitureFittings 2023-02-01 2024-01-31 13836732 frs-core:FurnitureFittings 2023-01-31 13836732 frs-core:InvestmentPropertyIncludedWithinPPE 2024-01-31 13836732 frs-core:InvestmentPropertyIncludedWithinPPE 2023-01-31 13836732 frs-core:ShareCapital 2024-01-31 13836732 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 13836732 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13836732 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 13836732 frs-bus:SmallEntities 2023-02-01 2024-01-31 13836732 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13836732 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13836732 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-01-31 13836732 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-01-31 13836732 frs-bus:Director1 2023-02-01 2024-01-31 13836732 frs-bus:Director2 2023-02-01 2024-01-31 13836732 frs-bus:Director3 2023-02-01 2024-01-31 13836732 frs-bus:Director4 2023-02-01 2024-01-31 13836732 frs-countries:EnglandWales 2023-02-01 2024-01-31 13836732 2022-01-09 13836732 2023-01-31 13836732 2022-01-10 2023-01-31 13836732 frs-core:CurrentFinancialInstruments 2023-01-31 13836732 frs-core:ShareCapital 2023-01-31 13836732 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 13836732 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-01-31
Registered number: 13836732
Habberley Properties Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13836732
31 January 2024 31 January 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 233,448 234,057
233,448 234,057
CURRENT ASSETS
Debtors 5 409 380
Cash at bank and in hand 6,765 7,709
7,174 8,089
Creditors: Amounts Falling Due Within One Year 6 (242,756 ) (242,119 )
NET CURRENT ASSETS (LIABILITIES) (235,582 ) (234,030 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,134 ) 27
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (655 ) -
NET (LIABILITIES)/ASSETS (2,789 ) 27
CAPITAL AND RESERVES
Called up share capital 8 250 250
Fair Value Reserve 9 (1,210 ) (1,210 )
Profit and Loss Account (1,829 ) 987
SHAREHOLDERS' FUNDS (2,789) 27
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For the year ending 31 January 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 Patrick Dixon
Director
17 October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Habberley Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13836732 . The registered office is Bailey View, Bletchley Court, Bletchley, Market Drayton, TF9 3RZ.
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 letting of residential property and is recognised as the company becomes entitled to the consideration received.
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:
Fixtures & Fittings 15% - reducing balance
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. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
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4. Tangible Assets
Investment Properties Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 February 2023 230,000 4,773 234,773
As at 31 January 2024 230,000 4,773 234,773
Depreciation
As at 1 February 2023 - 716 716
Provided during the period - 609 609
As at 31 January 2024 - 1,325 1,325
Net Book Value
As at 31 January 2024 230,000 3,448 233,448
As at 1 February 2023 230,000 4,057 234,057
Cost or valuation as at 31 January 2024 represented by:
Investment Properties Fixtures & Fittings Total
£ £ £
At cost - 4,773 4,773
At valuation 230,000 - 230,000
230,000 4,773 234,773
Investment property is recognised at fair value represented by:
Historical cost: £231,210
Valuations: (£1,210)
The directors have considered the valuation of the investment properties and in their opinion the revalued amount shown is in line with the open market value. Revaluation gains and losses are taken to the fair value reserve in accordance with the accounting policy.
5. Debtors
31 January 2024 31 January 2023
£ £
Due within one year
Prepayments and accrued income 409 380
6. Creditors: Amounts Falling Due Within One Year
31 January 2024 31 January 2023
£ £
Trade creditors 59 -
Corporation tax 323 -
Accruals and deferred income 4,937 4,682
Directors' loan accounts 237,437 237,437
242,756 242,119
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7. Deferred Taxation
The provision for deferred tax is made up as follows:
31 January 2024 31 January 2023
£ £
Other timing differences 655 -
8. Share Capital
31 January 2024 31 January 2023
£ £
Allotted, Called up and fully paid 250 250
9. Reserves
Fair Value Reserve
£
As at 1 February 2023 (1,210 )
As at 31 January 2024 (1,210 )
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