Acorah Software Products - Accounts Production 16.0.110 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 03187767 Mrs Margaret Warner Mr Julian Warner Ms Vanessa Wild Mr Neil Walmsley Margaret Warner true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03187767 2023-04-30 03187767 2024-04-30 03187767 2023-05-01 2024-04-30 03187767 frs-core:CurrentFinancialInstruments 2024-04-30 03187767 frs-core:FurnitureFittings 2024-04-30 03187767 frs-core:FurnitureFittings 2023-05-01 2024-04-30 03187767 frs-core:FurnitureFittings 2023-04-30 03187767 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 03187767 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03187767 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 03187767 frs-core:PlantMachinery 2024-04-30 03187767 frs-core:PlantMachinery 2023-05-01 2024-04-30 03187767 frs-core:PlantMachinery 2023-04-30 03187767 frs-core:ShareCapital 2024-04-30 03187767 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 03187767 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03187767 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 03187767 frs-bus:SmallEntities 2023-05-01 2024-04-30 03187767 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03187767 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 03187767 1 2023-05-01 2024-04-30 03187767 frs-bus:Director1 2023-05-01 2024-04-30 03187767 frs-bus:Director2 2023-05-01 2024-04-30 03187767 frs-bus:Director3 2023-05-01 2024-04-30 03187767 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 03187767 frs-countries:EnglandWales 2023-05-01 2024-04-30 03187767 2022-04-30 03187767 2023-04-30 03187767 2022-05-01 2023-04-30 03187767 frs-core:CurrentFinancialInstruments 2023-04-30 03187767 frs-core:ShareCapital 2023-04-30 03187767 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 03187767
Garrison Associates Limited
Financial Statements
For The Year Ended 30 April 2024
Applewood LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03187767
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,952,230 1,987,675
1,952,230 1,987,675
CURRENT ASSETS
Debtors 5 33,091 908
Cash at bank and in hand 155,156 233,017
188,247 233,925
Creditors: Amounts Falling Due Within One Year 6 (17,288 ) (42,580 )
NET CURRENT ASSETS (LIABILITIES) 170,959 191,345
TOTAL ASSETS LESS CURRENT LIABILITIES 2,123,189 2,179,020
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (90,521 ) (75,635 )
NET ASSETS 2,032,668 2,103,385
CAPITAL AND RESERVES
Called up share capital 8 500,002 500,002
Profit and Loss Account 1,532,666 1,603,383
SHAREHOLDERS' FUNDS 2,032,668 2,103,385
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 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
Mrs Margaret Warner
Director
09/10/2024
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
Garrison Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03187767 . The registered office is 80 Guildhall Street, Bury St Edmunds, Suffolk, IP33 1QB.
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 Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the rental income from investment properties.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 not depreciated
Plant & Machinery 10-25% on cost
Fixtures & Fittings 10-25% on cost
2.4. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their market value.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost or Valuation
As at 1 May 2023 1,985,000 8,341 11,736 2,005,077
Revaluation (35,000 ) - - (35,000 )
As at 30 April 2024 1,950,000 8,341 11,736 1,970,077
Depreciation
As at 1 May 2023 - 5,666 11,736 17,402
Provided during the period - 445 - 445
As at 30 April 2024 - 6,111 11,736 17,847
Net Book Value
As at 30 April 2024 1,950,000 2,230 - 1,952,230
As at 1 May 2023 1,985,000 2,675 - 1,987,675
Page 3
Page 4
Freehold land and buildings are exclusively investment properties.
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 5,775 908
VAT 27,316 -
33,091 908
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,558 10
Corporation tax 3,428 19,447
VAT - 4,941
Accruals and deferred income 11,965 17,845
Directors' loan accounts 337 337
17,288 42,580
7. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances and the future tax impact of fair value gains and losses on investment properties.
2024 2023
£ £
Other timing differences 90,521 75,635
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 500,002 500,002
9. Reserves
Revaluation of investment properties has resulted in a fair value reserve of £666,813. This represents unrealised profits after tax on the future sale of the properties.
10. Ultimate Controlling Party
The company's ultimate controlling party is Margaret Warner by virtue of her ownership of 100% of the issued share capital in the company.
Page 4