Acorah Software Products - Accounts Production 15.0.600 false true false 1 February 2023 28 February 2024 28 February 2024 SC757273 Mr John Simpson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC757273 2023-01-31 SC757273 2024-02-28 SC757273 2023-02-01 2024-02-28 SC757273 frs-core:CurrentFinancialInstruments 2024-02-28 SC757273 frs-core:Non-currentFinancialInstruments 2024-02-28 SC757273 frs-core:ShareCapital 2024-02-28 SC757273 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 SC757273 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-02-28 SC757273 frs-bus:FilletedAccounts 2023-02-01 2024-02-28 SC757273 frs-bus:SmallEntities 2023-02-01 2024-02-28 SC757273 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-02-28 SC757273 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-02-28 SC757273 frs-bus:Director1 2023-02-01 2024-02-28 SC757273 frs-countries:Scotland 2023-02-01 2024-02-28
Registered number: SC757273
MARLEY PROPERTIES SCOTLAND LTD
Unaudited Financial Statements
For the Period 1 February 2023 to 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC757273
28 February 2024
Notes £ £
FIXED ASSETS
Investment Properties 4 105,075
105,075
CURRENT ASSETS
Debtors 5 600
Cash at bank and in hand 1,630
2,230
Creditors: Amounts Falling Due Within One Year 6 (33,985 )
NET CURRENT ASSETS (LIABILITIES) (31,755 )
TOTAL ASSETS LESS CURRENT LIABILITIES 73,320
Creditors: Amounts Falling Due After More Than One Year 7 (73,480 )
NET LIABILITIES (160 )
CAPITAL AND RESERVES
Called up share capital 9 1
Profit and Loss Account (161 )
SHAREHOLDERS' FUNDS (160)
Page 1
Page 2
For the period ending 28 February 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
Mr John Simpson
Director
30/10/2024
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
MARLEY PROPERTIES SCOTLAND LTD is a private company, limited by shares, incorporated in Scotland, registered number SC757273 . The registered office is 81 Buller Crescent, Blantyre, Glasgow, G72 9JF.
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.
The financial statements have been prepared on the going concern basis which assumes that the company will
continue in operational existence in the forseeable future. The validity of this assumption depends on the continued
support of the company's finance providers and director for the forthcoming year.
Current liabilities include loans due to the director which is repayable on demand. The director will not demand repayment of the loan due where this would impair the ability of the company to trade.
The director belives that it is appropriate for the going concern basis to be used.
2.2. Turnover
Turnover consists of rental income which is recognised on a straight-line basis over the lease term.
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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Investment Property
28 February 2024
£
Fair Value
As at 1 February 2023 -
Additions 105,075
As at 28 February 2024 105,075
Fair value at 29 February 2024 is represented by valuation in 2024 of 105,075.
Investment property was valued on an open market basis on 29 February 2024 by the director.
5. Debtors
28 February 2024
£
Due within one year
Other debtors 600
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6. Creditors: Amounts Falling Due Within One Year
28 February 2024
£
Other creditors 600
Accruals and deferred income 814
Director's loan account 32,571
33,985
7. Creditors: Amounts Falling Due After More Than One Year
28 February 2024
£
Bank loans 73,480
8. Secured Creditors
Of the creditors the following amounts are secured.
The Mortgage Works (UK) Plc holds a standard security over the property at 7 Graham Street, Motherwell, in respect of the mortgage provided.
28 February 2024
£
Bank loans and overdrafts 73,480
9. Share Capital
28 February 2024
£
Allotted, Called up and fully paid 1
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