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 08826045 Mr Paul Robson Mrs Carol Robson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08826045 2023-03-31 08826045 2024-03-31 08826045 2023-04-01 2024-03-31 08826045 frs-core:CurrentFinancialInstruments 2024-03-31 08826045 frs-core:ShareCapital 2024-03-31 08826045 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08826045 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08826045 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08826045 frs-bus:SmallEntities 2023-04-01 2024-03-31 08826045 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08826045 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08826045 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31 08826045 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 08826045 frs-bus:Director1 2023-04-01 2024-03-31 08826045 frs-bus:Director2 2023-04-01 2024-03-31 08826045 frs-countries:EnglandWales 2023-04-01 2024-03-31 08826045 2022-03-31 08826045 2023-03-31 08826045 2022-04-01 2023-03-31 08826045 frs-core:CurrentFinancialInstruments 2023-03-31 08826045 frs-core:ShareCapital 2023-03-31 08826045 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 08826045 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31
Registered number: 08826045
Capason 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: 08826045
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 675,000 675,000
675,000 675,000
CURRENT ASSETS
Debtors 5 992 206
Cash at bank and in hand 3,444 6,258
4,436 6,464
Creditors: Amounts Falling Due Within One Year 6 (399,276 ) (399,027 )
NET CURRENT ASSETS (LIABILITIES) (394,840 ) (392,563 )
TOTAL ASSETS LESS CURRENT LIABILITIES 280,160 282,437
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,295 ) (3,295 )
NET ASSETS 276,865 279,142
CAPITAL AND RESERVES
Called up share capital 7 100 100
Fair value reserve 8 14,122 14,122
Profit and Loss Account 262,643 264,920
SHAREHOLDERS' FUNDS 276,865 279,142
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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
Mr Paul Robson
Director
24 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
Capason Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08826045 . The registered office is 27 Alton Road, Poole, Dorset, BH14 8SN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
These financial statements are presented in pound sterling which is the functional currency of the company.
2.2. Turnover
Turnover is from rental income and it is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from from the rendering of services. Turnover is reduced for estimated customer rebates and other similar allowances.
2.3. Investment Properties
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in fair value of investment properties are included in profit and loss in the period in which they arise.
2.4. Taxation
Income tax expense represents 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 year 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 asset reflects 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: 2 (2023: 2)
2 2
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4. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 675,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 661,817 661,817
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 992 206
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 3,923 3,390
Other creditors 392,204 392,204
Accruals and deferred income 3,149 3,433
399,276 399,027
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Reserves
Fair Value Reserve
£
As at 1 April 2023 14,122
As at 31 March 2024 14,122
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