Acorah Software Products - Accounts Production 16.0.110 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 04255416 Mr P R Caine Mr P R Caine iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04255416 2023-07-31 04255416 2024-07-31 04255416 2023-08-01 2024-07-31 04255416 frs-core:CurrentFinancialInstruments 2024-07-31 04255416 frs-core:Non-currentFinancialInstruments 2024-07-31 04255416 frs-core:InvestmentPropertyIncludedWithinPPE 2024-07-31 04255416 frs-core:InvestmentPropertyIncludedWithinPPE 2023-07-31 04255416 frs-core:ShareCapital 2024-07-31 04255416 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 04255416 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04255416 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 04255416 frs-bus:SmallEntities 2023-08-01 2024-07-31 04255416 frs-bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 04255416 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 04255416 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-07-31 04255416 frs-bus:Director1 2023-08-01 2024-07-31 04255416 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 04255416 frs-countries:EnglandWales 2023-08-01 2024-07-31 04255416 2022-07-31 04255416 2023-07-31 04255416 2022-08-01 2023-07-31 04255416 frs-core:CurrentFinancialInstruments 2023-07-31 04255416 frs-core:Non-currentFinancialInstruments 2023-07-31 04255416 frs-core:ShareCapital 2023-07-31 04255416 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 04255416 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-07-31
Registered number: 04255416
Newtree Properties Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—7
Page 1
Company Information
Director Mr P R Caine
Secretary Mr P R Caine
Company Number 04255416
Registered Office Hanover Buildings
11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
Accountants ERC Accountants & Business Advisers Limited
Chartered Accountants
Hanover Buildings, 11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
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Page 2
Accountant's Report
Chartered Accountant's report to the director on the preparation of the unaudited statutory accounts of Newtree Properties Limited For The Year Ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Newtree Properties Limited For The Year Ended 31 July 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Newtree Properties Limited , as a body, in accordance with the terms of our engagement letter dated 29 May 2024. Our work has been undertaken solely to prepare for your approval the accounts of Newtree Properties Limited and state those matters that we have agreed to state to the director of Newtree Properties Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Newtree Properties Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Newtree Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Newtree Properties Limited . You consider that Newtree Properties Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Newtree Properties Limited . 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
25 October 2024
ERC Accountants & Business Advisers Limited
Chartered Accountants
Hanover Buildings, 11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
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Page 3
Balance Sheet
Registered number: 04255416
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 855,897 855,897
855,897 855,897
CURRENT ASSETS
Debtors 5 54,471 -
54,471 -
Creditors: Amounts Falling Due Within One Year 6 (247,594 ) (239,956 )
NET CURRENT ASSETS (LIABILITIES) (193,123 ) (239,956 )
TOTAL ASSETS LESS CURRENT LIABILITIES 662,774 615,941
Creditors: Amounts Falling Due After More Than One Year 7 (10,358 ) (16,358 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (83,663 ) (63,584 )
NET ASSETS 568,753 535,999
CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair value reserve 334,653 334,653
Profit and Loss Account 234,098 201,344
SHAREHOLDERS' FUNDS 568,753 535,999
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For the year ending 31 July 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 P R Caine
Director
25 October 2024
The notes on pages 5 to 7 form part of these financial statements.
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Page 5
Notes to the Financial Statements
1. General Information
Newtree Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04255416 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2. Turnover
Turnover represents rental income due for the year.
2.3. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent 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:
2.4. Investment Properties
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

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.
2.5. Taxation
Corporation 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 year 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 asset reflects 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
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4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 August 2023 855,897
As at 31 July 2024 855,897
Net Book Value
As at 31 July 2024 855,897
As at 1 August 2023 855,897
Cost or valuation as at 31 July 2024 represented by:
Investment Properties
£
At cost 521,244
At valuation 334,653
855,897
The investment properties were valued at 30th June 2019 by Mr P R Caine, director, at the carrying value above.
This valuation is still deemed to be accurate and correctly reflects the fair value of the investment properties at the year end date. 
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 54,471 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 6,000 6,000
Corporation tax 17,218 16,300
Director's loan account 224,376 217,656
247,594 239,956
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,358 16,358
The loan above was obtained under the government bounceback loan scheme and is therefore 100% secured by the government with no charge over the assets of the company.
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Directors Advances, Credits and Guarantees
No director's received advances, credits or guarantees during the current or previous accounting periods.
10. Related Party Transactions
The following related party transactions were undertaken during the year:
Mornpoint Limited, a company related by virtue of common control, collected rental income on behalf of the company of £137,309, paid expenses on behalf of the company totalling £80,838 and repaid to the company £2,000. (2023 - collected rental income of  £132,412, paid expenses of £71,857 and repaid £58,867). The amount owed from Mornpoint Limited at the year end was £54,471 (2023 - £nil).
Dividends were paid to the director in respect of their shareholdings totalling £2,000 (2023: £14,700)
During the year the director paid expenses on behalf of the company totalling £6,720 (2023: £65,587). The balance owed to the director at the year end was £224,376 (2023: £217,656)
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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