Acorah Software Products - Accounts Production 14.5.601 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 08266250 Mr Adam Mitty Mrs Lynda Mitty Ms Kate O'Brien iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08266250 2022-10-31 08266250 2023-10-31 08266250 2022-11-01 2023-10-31 08266250 frs-core:CurrentFinancialInstruments 2023-10-31 08266250 frs-core:Non-currentFinancialInstruments 2023-10-31 08266250 frs-core:ComputerEquipment 2022-11-01 2023-10-31 08266250 frs-core:FurnitureFittings 2023-10-31 08266250 frs-core:FurnitureFittings 2022-11-01 2023-10-31 08266250 frs-core:FurnitureFittings 2022-10-31 08266250 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 08266250 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 08266250 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-10-31 08266250 frs-core:PlantMachinery 2023-10-31 08266250 frs-core:PlantMachinery 2022-11-01 2023-10-31 08266250 frs-core:PlantMachinery 2022-10-31 08266250 frs-core:RevaluationReserve 2022-10-31 08266250 frs-core:RevaluationReserve 2023-10-31 08266250 frs-core:ShareCapital 2023-10-31 08266250 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 08266250 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08266250 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 08266250 frs-bus:SmallEntities 2022-11-01 2023-10-31 08266250 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 08266250 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08266250 frs-bus:Director1 2022-11-01 2023-10-31 08266250 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 08266250 frs-bus:CompanySecretary2 2022-11-01 2023-10-31 08266250 frs-core:CurrentFinancialInstruments 2 2023-10-31 08266250 frs-core:Non-currentFinancialInstruments 2 2023-10-31 08266250 frs-core:CurrentFinancialInstruments 5 2023-10-31 08266250 frs-core:Non-currentFinancialInstruments 6 2023-10-31 08266250 frs-core:CurrentFinancialInstruments 7 2023-10-31 08266250 frs-countries:EnglandWales 2022-11-01 2023-10-31 08266250 2021-10-31 08266250 2022-10-31 08266250 2021-11-01 2022-10-31 08266250 frs-core:CurrentFinancialInstruments 2022-10-31 08266250 frs-core:Non-currentFinancialInstruments 2022-10-31 08266250 frs-core:RevaluationReserve 2022-10-31 08266250 frs-core:ShareCapital 2022-10-31 08266250 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 08266250 frs-core:CurrentFinancialInstruments 2 2022-10-31 08266250 frs-core:Non-currentFinancialInstruments 2 2022-10-31 08266250 frs-core:CurrentFinancialInstruments 4 2022-10-31 08266250 frs-core:CurrentFinancialInstruments 5 2022-10-31 08266250 frs-core:Non-currentFinancialInstruments 6 2022-10-31 08266250 frs-core:CurrentFinancialInstruments 7 2022-10-31
Registered number: 08266250
A C M Estates Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
TaxAssist Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08266250
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,119,800 4,086,000
4,119,800 4,086,000
CURRENT ASSETS
Debtors 5 40,074 300,000
Cash at bank and in hand 24,542 7,502
64,616 307,502
Creditors: Amounts Falling Due Within One Year 6 (54,275 ) (129,525 )
NET CURRENT ASSETS (LIABILITIES) 10,341 177,977
TOTAL ASSETS LESS CURRENT LIABILITIES 4,130,141 4,263,977
Creditors: Amounts Falling Due After More Than One Year 7 (2,476,929 ) (2,483,459 )
NET ASSETS 1,653,212 1,780,518
CAPITAL AND RESERVES
Called up share capital 8 1 1
Revaluation reserve 9 2,288,734 2,288,734
Profit and Loss Account (635,523 ) (508,217 )
SHAREHOLDERS' FUNDS 1,653,212 1,780,518
Page 1
Page 2
For the year ending 31 October 2023 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
Mr Adam Mitty
Director
25/07/2024
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
A C M Estates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08266250 . The registered office is 95 Mount Pleasant, Liverpool, L3 5TB.
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. 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:
Freehold
Plant & Machinery 25% Straight Line
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was 4. 4 (2022: 4)
4 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2022 4,050,000 45,000 7,512 4,102,512
Additions 50,000 - - 50,000
As at 31 October 2023 4,100,000 45,000 7,512 4,152,512
Depreciation
As at 1 November 2022 - 9,000 7,512 16,512
Provided during the period - 9,000 - 9,000
Disposals - 7,200 - 7,200
As at 31 October 2023 - 25,200 7,512 32,712
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 October 2023 4,100,000 19,800 - 4,119,800
As at 1 November 2022 4,050,000 36,000 - 4,086,000
Cost or valuation as at 31 October 2023 represented by:
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
At cost 4,100,000 45,000 7,512 4,152,512
4,100,000 45,000 7,512 4,152,512
The properties owned by the company were valued by the director at October 2018 and had the market value of £4,050.000.
5. Debtors
2023 2022
£ £
Due within one year
Other debtors (4) E - 300,000
Other debtors (5)(M D L 12,000 -
Other debtors (7) MAJ-RM 23,338 -
Net wages 4,736 -
40,074 300,000
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - (1 )
Other taxes and social security 855 1,270
Net wages - 6,216
Other creditors (2)COT 35,000 35,000
Other creditors (4)M - 11,000
Other creditors (5) MP RM - 15,000
Other creditors (7)BU 4,000 -
Accruals and deferred income 1,543 1,543
Director's loan account 12,877 59,497
54,275 129,525
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 2,434,427 2,435,600
Bank Loan 2 38,133 40,490
Credit card B 4,369 7,369
2,476,929 2,483,459
Page 4
Page 5
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. Reserves
Revaluation Reserve
£
As at 1 November 2022 2,288,734
As at 31 October 2023 2,288,734
10. Related Party Transactions
Loans recieved from related parties of £ 4000 are outstanding at year end.
Loans made to related parties of £45000 are outstanding at year end.
Page 5