Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC644192 Gordon Campbell Lorna Campbell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC644192 2023-03-31 SC644192 2024-03-31 SC644192 2023-04-01 2024-03-31 SC644192 frs-core:CurrentFinancialInstruments 2024-03-31 SC644192 frs-core:Non-currentFinancialInstruments 2024-03-31 SC644192 frs-core:RevaluationReserve 2023-04-01 2024-03-31 SC644192 frs-core:RevaluationReserve 2023-03-31 SC644192 frs-core:RevaluationReserve 2024-03-31 SC644192 frs-core:ShareCapital 2024-03-31 SC644192 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC644192 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC644192 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC644192 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC644192 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC644192 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC644192 frs-bus:Director1 2023-04-01 2024-03-31 SC644192 frs-bus:Director2 2023-04-01 2024-03-31 SC644192 frs-countries:Scotland 2023-04-01 2024-03-31 SC644192 2022-03-31 SC644192 2023-03-31 SC644192 2022-04-01 2023-03-31 SC644192 frs-core:CurrentFinancialInstruments 2023-03-31 SC644192 frs-core:Non-currentFinancialInstruments 2023-03-31 SC644192 frs-core:RevaluationReserve 2023-03-31 SC644192 frs-core:ShareCapital 2023-03-31 SC644192 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC644192
ARLEO PROPERTY INVESTMENTS LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC644192
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 403,000 475,774
403,000 475,774
CURRENT ASSETS
Cash at bank and in hand 5,446 10,917
5,446 10,917
Creditors: Amounts Falling Due Within One Year 5 (48,026 ) (98,022 )
NET CURRENT ASSETS (LIABILITIES) (42,580 ) (87,105 )
TOTAL ASSETS LESS CURRENT LIABILITIES 360,420 388,669
Creditors: Amounts Falling Due After More Than One Year 6 (249,075 ) (317,305 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (8,889 )
NET ASSETS 111,345 62,475
CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 69,786 46,786
Profit and Loss Account 41,459 15,589
SHAREHOLDERS' FUNDS 111,345 62,475
Page 1
Page 2
For the year ending 31 March 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
Gordon Campbell
Director
19 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
ARLEO PROPERTY INVESTMENTS LIMITED is a private company, limited by shares, incorporated in Scotland, registered number SC644192 . The registered office is 40 Reynolds Drive, Stepps, Glasgow, Lanarkshire, G33 6ED.
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.
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
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 April 2023 475,774
Revaluations 23,000
Other (95,774 )
As at 31 March 2024 403,000
The other adjustment showing above is in relation to a correction of prior year balances.
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 333,214 428,988
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Other creditors 44,043 91,784
Taxation and social security 3,984 6,238
48,026 98,022
Page 3
Page 4
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 249,075 317,305
7. Reserves
Revaluation Reserve
£
As at 1 April 2023 46,786
Surplus on revaluation 23,000
As at 31 March 2024 69,786
Page 4