Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 03979699 Mr C A Jordan Mr D R Jordan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03979699 2023-04-30 03979699 2024-04-30 03979699 2023-05-01 2024-04-30 03979699 frs-core:CurrentFinancialInstruments 2024-04-30 03979699 frs-core:Non-currentFinancialInstruments 2024-04-30 03979699 frs-core:RevaluationReserve 2023-04-30 03979699 frs-core:RevaluationReserve 2024-04-30 03979699 frs-core:ShareCapital 2024-04-30 03979699 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 03979699 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03979699 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 03979699 frs-bus:SmallEntities 2023-05-01 2024-04-30 03979699 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03979699 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 03979699 frs-bus:Director1 2023-05-01 2024-04-30 03979699 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 03979699 frs-countries:EnglandWales 2023-05-01 2024-04-30 03979699 2022-04-30 03979699 2023-04-30 03979699 2022-05-01 2023-04-30 03979699 frs-core:CurrentFinancialInstruments 2023-04-30 03979699 frs-core:Non-currentFinancialInstruments 2023-04-30 03979699 frs-core:RevaluationReserve 2023-04-30 03979699 frs-core:ShareCapital 2023-04-30 03979699 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 03979699
Canalside Properties Napton Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03979699
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 4,250,000 4,250,000
4,250,000 4,250,000
CURRENT ASSETS
Debtors 5 445,525 287,791
Cash at bank and in hand 236,384 3,660
681,909 291,451
Creditors: Amounts Falling Due Within One Year 6 (329,469 ) (389,395 )
NET CURRENT ASSETS (LIABILITIES) 352,440 (97,944 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,602,440 4,152,056
Creditors: Amounts Falling Due After More Than One Year 7 (416,665 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (994,945 ) (994,945 )
NET ASSETS 3,190,830 3,157,111
CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 2,984,836 2,984,836
Profit and Loss Account 205,992 172,273
SHAREHOLDERS' FUNDS 3,190,830 3,157,111
Page 1
Page 2
For the year ending 30 April 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 C A Jordan
Director
27/10/2024
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
Canalside Properties Napton Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03979699 . The registered office is Canalside Yard Brickyard Road, Napton, Southam, CV47 8NT.
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. 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.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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.
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 assets reflect 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: 1 (2023: 1)
1 1
Page 3
Page 4
4. Investment Property
2024
£
Fair Value
As at 1 May 2023 and 30 April 2024 4,250,000
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,000 -
Amounts owed by participating interests 163,734 10,000
Other debtors 273,791 277,791
445,525 287,791
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts - 95,441
Other loans 45,000 -
Other creditors 255,887 262,485
Taxation and social security 28,582 31,469
329,469 389,395
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 416,665 -
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Reserves
Revaluation Reserve
£
As at 1 May 2023 2,984,836
As at 30 April 2024 2,984,836
Page 4