Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 11830831 Mr Russell Morris Mr Paul Dent Kingston Real Estate (Property Management) Ltd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11830831 2023-02-28 11830831 2024-02-28 11830831 2023-03-01 2024-02-28 11830831 frs-core:CurrentFinancialInstruments 2024-02-28 11830831 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-28 11830831 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 11830831 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 11830831 frs-core:SharePremium 2024-02-28 11830831 frs-core:ShareCapital 2024-02-28 11830831 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 11830831 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 11830831 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 11830831 frs-bus:SmallEntities 2023-03-01 2024-02-28 11830831 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 11830831 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 11830831 frs-bus:Director1 2023-03-01 2024-02-28 11830831 frs-bus:Director2 2023-03-01 2024-02-28 11830831 frs-bus:CompanySecretary1 2023-03-01 2024-02-28 11830831 frs-countries:EnglandWales 2023-03-01 2024-02-28 11830831 2022-02-28 11830831 2023-02-28 11830831 2022-03-01 2023-02-28 11830831 frs-core:CurrentFinancialInstruments 2023-02-28 11830831 frs-core:SharePremium 2023-02-28 11830831 frs-core:ShareCapital 2023-02-28 11830831 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 11830831
Palmerston Court (Northampton) Freehold Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Insite Accounting & Management Services
Chartered Accountants
8 Poyntz Gardens
Northampton
NN5 7RY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11830831
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 58,529 58,529
58,529 58,529
CURRENT ASSETS
Debtors 5 315 280
Cash at bank and in hand 540 365
855 645
Creditors: Amounts Falling Due Within One Year 6 (1,525 ) (1,225 )
NET CURRENT ASSETS (LIABILITIES) (670 ) (580 )
TOTAL ASSETS LESS CURRENT LIABILITIES 57,859 57,949
NET ASSETS 57,859 57,949
CAPITAL AND RESERVES
Called up share capital 7 9 9
Share premium account 58,529 58,529
Profit and Loss Account (679 ) (589 )
SHAREHOLDERS' FUNDS 57,859 57,949
Page 1
Page 2
For the year ending 28 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
Mr Russell Morris
Director
16th November 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
Palmerston Court (Northampton) Freehold Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11830831 . The registered office is Artisans' House, 7 Queensbridge, Northampton, Northamptonshire, NN4 7BF.
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%
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 March 2023 58,529
As at 28 February 2024 58,529
Net Book Value
As at 28 February 2024 58,529
As at 1 March 2023 58,529
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 315 280
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,199 1,199
Accruals and deferred income 300 -
Directors' loan accounts 26 26
1,525 1,225
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 9 9
Page 4