Acorah Software Products - Accounts Production 16.0.110 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10648704 Mr N Attwell Ms L Caporaso Ms L Harrington-Rutterford Mr W Oakes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10648704 2023-03-31 10648704 2024-03-31 10648704 2023-04-01 2024-03-31 10648704 frs-core:Non-currentFinancialInstruments 2024-03-31 10648704 frs-core:ShareCapital 2024-03-31 10648704 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10648704 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10648704 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 10648704 frs-bus:SmallEntities 2023-04-01 2024-03-31 10648704 frs-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10648704 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10648704 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 10648704 frs-bus:OrdinaryShareClass1 2024-03-31 10648704 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 10648704 frs-bus:Director1 2023-04-01 2024-03-31 10648704 frs-bus:Director2 2023-04-01 2024-03-31 10648704 frs-bus:Director3 2023-04-01 2024-03-31 10648704 frs-bus:Director4 2023-04-01 2024-03-31 10648704 frs-countries:EnglandWales 2023-04-01 2024-03-31 10648704 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-03-31 10648704 2022-03-31 10648704 2023-03-31 10648704 2022-04-01 2023-03-31 10648704 frs-core:Non-currentFinancialInstruments 2023-03-31 10648704 frs-core:ShareCapital 2023-03-31 10648704 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 10648704 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31 10648704 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31
Registered number: 10648704
Attwells Property Company Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Accountant's Report 1
Abridged Balance Sheet 2—3
Notes to the Abridged Financial Statements 4—5
Page 1
Accountant's Report
In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 March 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
22/10/2024
Wood & Disney Ltd
Chartered Accountants
Lodge Park, Lodge Lane
Langham
Colchester
Essex
CO4 5NE
Page 1
Page 2
Abridged Balance Sheet
Registered number: 10648704
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 950,000 842,625
950,000 842,625
CURRENT ASSETS
Debtors - 2,220
Cash at bank and in hand 10,949 10,854
10,949 13,074
Creditors: Amounts Falling Due Within One Year (47,090 ) (45,319 )
NET CURRENT ASSETS (LIABILITIES) (36,141 ) (32,245 )
TOTAL ASSETS LESS CURRENT LIABILITIES 913,859 810,380
Creditors: Amounts Falling Due After More Than One Year 5 (657,579 ) (690,224 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (50,770 ) (23,926 )
NET ASSETS 205,510 96,230
CAPITAL AND RESERVES
Called up share capital 6 111 111
Fair value reserve 7 107,375 -
Profit and Loss Account 98,024 96,119
SHAREHOLDERS' FUNDS 205,510 96,230
Page 2
Page 3
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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr N Attwell
Director
22/10/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Abridged Financial Statements
1. General Information
Attwells Property Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10648704 . The registered office is Sun Buildings, 35-37 Princes Street, Ipswich, Suffolk, IP1 1PU.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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: 4 (2023: 4)
4 4
4. Investment Property
2024
£
Fair Value
As at 1 April 2023 842,625
Fair value adjustments 107,375
As at 31 March 2024 950,000
Fair value at 31 March 2024 is represented by:
                                         £
Cost                            842,625 
Valuations in 2024      107,375
                                  ________
                                  £950,000
                                 ========
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
Page 4
Page 5
2024 2023
£ £
Cost 842,625 842,625
The valuation was carried out by a third party commercial property agency.
5. Creditors: amounts falling due after five years
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans - 28,370
6. Share Capital
2024 2023
Allotted, called up and fully paid £ £
111 Ordinary Shares of £ 1.00 each 111 111
7. Reserves
Fair Value Reserve
£
Movements in fair value reserve 107,375
As at 31 March 2024 107,375
Page 5