Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 10551637 Mrs Lin Huang iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10551637 2023-01-31 10551637 2024-01-31 10551637 2023-02-01 2024-01-31 10551637 frs-core:CurrentFinancialInstruments 2024-01-31 10551637 frs-core:Non-currentFinancialInstruments 2024-01-31 10551637 frs-core:FurnitureFittings 2024-01-31 10551637 frs-core:FurnitureFittings 2023-02-01 2024-01-31 10551637 frs-core:FurnitureFittings 2023-01-31 10551637 frs-core:InvestmentPropertyIncludedWithinPPE 2024-01-31 10551637 frs-core:InvestmentPropertyIncludedWithinPPE 2023-02-01 2024-01-31 10551637 frs-core:InvestmentPropertyIncludedWithinPPE 2023-01-31 10551637 frs-core:ShareCapital 2024-01-31 10551637 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 10551637 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10551637 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 10551637 frs-bus:SmallEntities 2023-02-01 2024-01-31 10551637 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10551637 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 10551637 frs-bus:Director1 2023-02-01 2024-01-31 10551637 frs-countries:EnglandWales 2023-02-01 2024-01-31 10551637 2022-01-31 10551637 2023-01-31 10551637 2022-02-01 2023-01-31 10551637 frs-core:CurrentFinancialInstruments 2023-01-31 10551637 frs-core:Non-currentFinancialInstruments 2023-01-31 10551637 frs-core:ShareCapital 2023-01-31 10551637 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 10551637
Propertybug Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10551637
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 217,000 208,501
217,000 208,501
CURRENT ASSETS
Debtors 5 100 100
Cash at bank and in hand 4,680 2,661
4,780 2,761
Creditors: Amounts Falling Due Within One Year 6 (63,968 ) (63,582 )
NET CURRENT ASSETS (LIABILITIES) (59,188 ) (60,821 )
TOTAL ASSETS LESS CURRENT LIABILITIES 157,812 147,680
Creditors: Amounts Falling Due After More Than One Year 7 (124,499 ) (124,499 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,257 ) (6,643 )
NET ASSETS 25,056 16,538
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 24,956 16,438
SHAREHOLDERS' FUNDS 25,056 16,538
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 Lin Huang
Director
31/10/2024
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
Propertybug Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10551637 . The registered office is 5 Monfa Avenue, Stockport, SK2 7BH.
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, excluding discounts, rebates, value added tax or other similar sales taxes.
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 25% Straight Line
2.4. Investment Properties
Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property is based on director's valuations and has not been based on a valuation by an independent valuer with a professional qualification. No depreciation is provided for.
Changes in fair value are recognised in the profit and loss account.
2.5. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Investment Properties Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 February 2023 208,501 499 209,000
Revaluation 8,499 - 8,499
As at 31 January 2024 217,000 499 217,499
Depreciation
As at 1 February 2023 - 499 499
As at 31 January 2024 - 499 499
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 January 2024 217,000 - 217,000
As at 1 February 2023 208,501 - 208,501
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 100 100
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors - 2,732
Accruals and deferred income 850 850
Director's loan account 63,118 60,000
63,968 63,582
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 124,499 124,499
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured by a fixed charge over the investment property. The mortgage is interest only with terms of 25 years.
2024 2023
£ £
Bank loans and overdrafts 124,499 124,499
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4