Acorah Software Products - Accounts Production 16.0.110 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 SC383102 Andrew Still Margaret Still Neil Still true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC383102 2023-08-31 SC383102 2024-08-31 SC383102 2023-09-01 2024-08-31 SC383102 frs-core:CurrentFinancialInstruments 2024-08-31 SC383102 frs-core:ComputerEquipment 2024-08-31 SC383102 frs-core:ComputerEquipment 2023-09-01 2024-08-31 SC383102 frs-core:ComputerEquipment 2023-08-31 SC383102 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 SC383102 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 SC383102 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 SC383102 frs-core:ShareCapital 2024-08-31 SC383102 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 SC383102 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC383102 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 SC383102 frs-bus:SmallEntities 2023-09-01 2024-08-31 SC383102 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC383102 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC383102 1 2023-09-01 2024-08-31 SC383102 frs-bus:Director1 2023-09-01 2024-08-31 SC383102 frs-bus:Director2 2023-09-01 2024-08-31 SC383102 frs-bus:Director3 2023-09-01 2024-08-31 SC383102 frs-countries:Scotland 2023-09-01 2024-08-31 SC383102 2022-08-31 SC383102 2023-08-31 SC383102 2022-09-01 2023-08-31 SC383102 frs-core:CurrentFinancialInstruments 2023-08-31 SC383102 frs-core:ShareCapital 2023-08-31 SC383102 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 SC383102 frs-core:CurrentFinancialInstruments 1 2023-08-31
Registered number: SC383102
Ngs Properties Ltd.
Unaudited Financial Statements
For The Year Ended 31 August 2024
Almond Valley Accounting Limited
CIMA
Suite 14 Ellismuir House Ellismuir Way
Uddingston
Glasgow
G71 5PW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC383102
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 410,000 410,000
410,000 410,000
CURRENT ASSETS
Debtors 5 - 18
Cash at bank and in hand 85,775 70,764
85,775 70,782
Creditors: Amounts Falling Due Within One Year 6 (223,378 ) (256,950 )
NET CURRENT ASSETS (LIABILITIES) (137,603 ) (186,168 )
TOTAL ASSETS LESS CURRENT LIABILITIES 272,397 223,832
NET ASSETS 272,397 223,832
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 271,397 222,832
SHAREHOLDERS' FUNDS 272,397 223,832
Page 1
Page 2
For the year ending 31 August 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
Andrew Still
Director
01/11/2024
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
Ngs Properties Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC383102 . The registered office is Lynedoch Park Pitcairngreen, Perth, Perthshire, PH1 3LY.
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. 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%
Computer Equipment 25% Straight Line
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.
Current 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  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: 3 (2023: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 410,000 958 410,958
As at 31 August 2024 410,000 958 410,958
Depreciation
As at 1 September 2023 - 958 958
As at 31 August 2024 - 958 958
Net Book Value
As at 31 August 2024 410,000 - 410,000
As at 1 September 2023 410,000 - 410,000
5. Debtors
2024 2023
£ £
Due within one year
VAT recoverable - 18
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) (1 )
Corporation tax 12,408 7,878
VAT 2,129 -
Accruals and deferred income 725 660
Directors' loan accounts 208,117 248,413
223,378 256,950
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr Neil Still by virtue of his ownership of 100% of the issued share capital in the company.
Page 4