Acorah Software Products - Accounts Production 16.0.110 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 13481238 Mr M P Ellis Mr B Henderson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13481238 2023-06-30 13481238 2024-06-30 13481238 2023-07-01 2024-06-30 13481238 frs-core:CurrentFinancialInstruments 2024-06-30 13481238 frs-core:Non-currentFinancialInstruments 2024-06-30 13481238 frs-core:FurnitureFittings 2024-06-30 13481238 frs-core:FurnitureFittings 2023-07-01 2024-06-30 13481238 frs-core:FurnitureFittings 2023-06-30 13481238 frs-core:ShareCapital 2024-06-30 13481238 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 13481238 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13481238 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 13481238 frs-bus:SmallEntities 2023-07-01 2024-06-30 13481238 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 13481238 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 13481238 frs-bus:Director1 2023-07-01 2024-06-30 13481238 frs-bus:Director2 2023-07-01 2024-06-30 13481238 frs-countries:EnglandWales 2023-07-01 2024-06-30 13481238 2022-06-30 13481238 2023-06-30 13481238 2022-07-01 2023-06-30 13481238 frs-core:CurrentFinancialInstruments 2023-06-30 13481238 frs-core:Non-currentFinancialInstruments 2023-06-30 13481238 frs-core:ShareCapital 2023-06-30 13481238 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 13481238
Abode Estates Limited
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13481238
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,493 5,616
Investment Properties 5 200,000 200,000
204,493 205,616
CURRENT ASSETS
Cash at bank and in hand 5,863 3,345
5,863 3,345
Creditors: Amounts Falling Due Within One Year 6 (79,979 ) (76,666 )
NET CURRENT ASSETS (LIABILITIES) (74,116 ) (73,321 )
TOTAL ASSETS LESS CURRENT LIABILITIES 130,377 132,295
Creditors: Amounts Falling Due After More Than One Year 7 (101,352 ) (101,352 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,212 ) (4,792 )
NET ASSETS 23,813 26,151
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 23,713 26,051
SHAREHOLDERS' FUNDS 23,813 26,151
Page 1
Page 2
For the year ending 30 June 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 M P Ellis
Director
1 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
Abode Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13481238 . The registered office is 550 Valley Road, Basford, Nottingham, Nottinghamshire, NG5 1JJ.
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. 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:
Fixtures & Fittings 20% Reducing Balance
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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 1 July 2023 7,061
As at 30 June 2024 7,061
Depreciation
As at 1 July 2023 1,445
Provided during the period 1,123
As at 30 June 2024 2,568
Net Book Value
As at 30 June 2024 4,493
As at 1 July 2023 5,616
Page 3
Page 4
5. Investment Property
2024
£
Fair Value
As at 1 July 2023 and 30 June 2024 200,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost - 145,928
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Property loan 3,623 3,623
Accruals and deferred income 1,320 1,319
Directors' loan accounts 75,036 71,724
79,979 76,666
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Property loan long term 101,352 101,352
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts - 104,975
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4