Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC100221 John Grayburn Lara Davey Richard Grayburn Timothy Grayburn John Grayburn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC100221 2023-03-31 SC100221 2024-03-31 SC100221 2023-04-01 2024-03-31 SC100221 frs-core:CurrentFinancialInstruments 2024-03-31 SC100221 frs-core:LandBuildings 2024-03-31 SC100221 frs-core:LandBuildings 2023-03-31 SC100221 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC100221 frs-core:RevaluationReserve 2024-03-31 SC100221 frs-core:ShareCapital 2024-03-31 SC100221 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC100221 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC100221 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC100221 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC100221 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC100221 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC100221 frs-bus:Director1 2023-04-01 2024-03-31 SC100221 frs-bus:Director2 2023-04-01 2024-03-31 SC100221 frs-bus:Director3 2023-04-01 2024-03-31 SC100221 frs-bus:Director4 2023-04-01 2024-03-31 SC100221 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 SC100221 frs-countries:Scotland 2023-04-01 2024-03-31 SC100221 2022-03-31 SC100221 2023-03-31 SC100221 2022-04-01 2023-03-31 SC100221 frs-core:CurrentFinancialInstruments 2023-03-31 SC100221 frs-core:RevaluationReserve 2023-03-31 SC100221 frs-core:ShareCapital 2023-03-31 SC100221 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC100221
LICKPENNY PROPERTIES LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC100221
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 360,000 360,000
360,000 360,000
CURRENT ASSETS
Debtors 5 18,816 100
Cash at bank and in hand 50,486 56,035
69,302 56,135
Creditors: Amounts Falling Due Within One Year 6 (31,753 ) (31,406 )
NET CURRENT ASSETS (LIABILITIES) 37,549 24,729
TOTAL ASSETS LESS CURRENT LIABILITIES 397,549 384,729
NET ASSETS 397,549 384,729
CAPITAL AND RESERVES
Called up share capital 7 3,000 3,000
Revaluation reserve 188,433 188,433
Profit and Loss Account 206,116 193,296
SHAREHOLDERS' FUNDS 397,549 384,729
Page 1
Page 2
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 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
John Grayburn
Director
30 October 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
LICKPENNY PROPERTIES LIMITED is a private company, limited by shares, incorporated in Scotland, registered number SC100221 . The registered office is 4 Alexandra Place, Stirling, FK8 1UN.
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.
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 0%
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Buildings
£
Cost
As at 1 April 2023 360,000
As at 31 March 2024 360,000
Net Book Value
As at 31 March 2024 360,000
As at 1 April 2023 360,000
No depreciation is provided on the properties since the directors are of the opinion that the balance sheet figure is no less than the current market value of the properties.
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 18,816 100
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 28,746 27,871
Taxation and social security 3,007 3,535
31,753 31,406
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3,000 3,000
Page 4