Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 SC466008 Mr Jawaid Akhtar Mrs Sughra Akhtar true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC466008 2023-02-28 SC466008 2024-02-29 SC466008 2023-03-01 2024-02-29 SC466008 frs-core:CurrentFinancialInstruments 2024-02-29 SC466008 frs-core:Non-currentFinancialInstruments 2024-02-29 SC466008 frs-core:ComputerEquipment 2024-02-29 SC466008 frs-core:ComputerEquipment 2023-03-01 2024-02-29 SC466008 frs-core:ComputerEquipment 2023-02-28 SC466008 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 SC466008 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 SC466008 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 SC466008 frs-core:ShareCapital 2024-02-29 SC466008 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 SC466008 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC466008 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 SC466008 frs-bus:SmallEntities 2023-03-01 2024-02-29 SC466008 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC466008 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC466008 1 2023-03-01 2024-02-29 SC466008 frs-bus:Director1 2023-03-01 2024-02-29 SC466008 frs-bus:Director2 2023-03-01 2024-02-29 SC466008 frs-core:CurrentFinancialInstruments 1 2024-02-29 SC466008 frs-core:Non-currentFinancialInstruments 1 2024-02-29 SC466008 frs-countries:Scotland 2023-03-01 2024-02-29 SC466008 2022-02-28 SC466008 2023-02-28 SC466008 2022-03-01 2023-02-28 SC466008 frs-core:CurrentFinancialInstruments 2023-02-28 SC466008 frs-core:Non-currentFinancialInstruments 2023-02-28 SC466008 frs-core:ShareCapital 2023-02-28 SC466008 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 SC466008 frs-core:CurrentFinancialInstruments 1 2023-02-28 SC466008 frs-core:Non-currentFinancialInstruments 1 2023-02-28
Registered number: SC466008
Cuprum Properties Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Calculus Accountants (Scotland) Ltd
10 Avonhead Road
Condorrat
Glasgow
G67 4RA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC466008
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 240,903 240,978
240,903 240,978
CURRENT ASSETS
Debtors 129 -
Cash at bank and in hand 4,283 3,645
4,412 3,645
Creditors: Amounts Falling Due Within One Year 5 (234,262 ) (225,036 )
NET CURRENT ASSETS (LIABILITIES) (229,850 ) (221,391 )
TOTAL ASSETS LESS CURRENT LIABILITIES 11,053 19,587
Creditors: Amounts Falling Due After More Than One Year 6 (208 ) (3,343 )
NET ASSETS 10,845 16,244
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 10,745 16,144
SHAREHOLDERS' FUNDS 10,845 16,244
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For the year ending 29 February 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 Sughra Akhtar
Director
14/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Cuprum Properties Limited Registered number SC466008 is a limited by shares company incorporated in Scotland. The Registered Office is 10 Avonhead Road, Condorrat, Glasgow, G67 4RA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). 
2.2. 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 basis:
Freehold 0% - (see Revaluation Reserve)
Computer Equipment 15% - Reducing balance basis
2.3. 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.
2.4. 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.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 240,475 1,475 241,950
As at 29 February 2024 240,475 1,475 241,950
Depreciation
As at 1 March 2023 - 972 972
Provided during the period - 75 75
As at 29 February 2024 - 1,047 1,047
...CONTINUED
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Net Book Value
As at 29 February 2024 240,475 428 240,903
As at 1 March 2023 240,475 503 240,978
Following a survey and valuation for refinancing purposes in 2019 no revaluation in the financial period of the heritable property has been considered necessary by the directors and therefore there is no movement in the Revaluation Reserve in the period. 
The commercial freehold property is subject to a Standard Security in favour of Royal Bank of Scotland Plc, who also hold a Bond and Floating Charge, albeit that the bank loan has now been redeemed in full in December 2021, with the subjects being occupied by a tenant in terms of a lease which expired on 12th March 2022 but which had then been continued for a further 10 years in terms of a Minute of Variation.
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 1,566 1,136
VAT 1,127 1,065
Rents received in advance 10,707 10,771
Sundry bank loan - BBLS 1,450 1,450
Accrued charges 1,719 1,798
Directors' loan accounts 217,693 208,816
234,262 225,036
The directors loans are unsecured, interest free and have no fixed terms of repayment. 
The sundry bank loan was obtained in terms of the Bounce Back Loan Scheme following the Covid19 pandemic in May 2020 and is accordance with the terms thereof. A lump sum payment towards the loan was made in February 2024, over and above the required monthly payments, and the loan was fully redeemed post year end in March 2024.
The current tenant had been making advance rent payments for their own internal cash-flow purposes, giving rise to the liability reflected in the Accounts as stated above.
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Sundry bank loans - BBLS 208 3,343
The sundry bank loan was obtained in terms of the Bounce Back Loan Scheme following the Covid19 pandemic in May 2020 and is accordance with the terms thereof. However, the loan was fully redeemed post year end in March 2024.
7. Secured Creditors
Of the creditors the following amounts are secured.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 12,000 9,000
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10. Ultimate Controlling Party
There is no ultimate controlling party by virtue of the split in ownership of the issued share capital in the company.
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