Acorah Software Products - Accounts Production 16.0.110 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 SC655441 Ewan Dudding iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC655441 2022-10-31 SC655441 2023-10-31 SC655441 2022-11-01 2023-10-31 SC655441 frs-core:CurrentFinancialInstruments 2023-10-31 SC655441 frs-core:Non-currentFinancialInstruments 2023-10-31 SC655441 frs-core:RevaluationReserve 2022-11-01 2023-10-31 SC655441 frs-core:RevaluationReserve 2023-10-31 SC655441 frs-core:ShareCapital 2023-10-31 SC655441 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC655441 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 SC655441 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 SC655441 frs-bus:SmallEntities 2022-11-01 2023-10-31 SC655441 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 SC655441 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 SC655441 frs-bus:Director1 2022-11-01 2023-10-31 SC655441 frs-core:CurrentFinancialInstruments 1 2023-10-31 SC655441 frs-countries:Scotland 2022-11-01 2023-10-31 SC655441 2021-10-31 SC655441 2022-10-31 SC655441 2021-11-01 2022-10-31 SC655441 frs-core:CurrentFinancialInstruments 2022-10-31 SC655441 frs-core:Non-currentFinancialInstruments 2022-10-31 SC655441 frs-core:RevaluationReserve 2022-10-31 SC655441 frs-core:ShareCapital 2022-10-31 SC655441 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 SC655441 frs-core:CurrentFinancialInstruments 1 2022-10-31
Registered number: SC655441
GREAT NORTHERN PORTFOLIO LTD
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC655441
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,675,000 930,238
1,675,000 930,238
CURRENT ASSETS
Debtors 5 40,317 560
Cash at bank and in hand 106,344 3,856
146,661 4,416
Creditors: Amounts Falling Due Within One Year 6 (388,866 ) (381,254 )
NET CURRENT ASSETS (LIABILITIES) (242,205 ) (376,838 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,432,795 553,400
Creditors: Amounts Falling Due After More Than One Year 7 (1,254,182 ) (639,385 )
NET ASSETS/(LIABILITIES) 178,613 (85,985 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Revaluation reserve 9 385,012 -
Profit and Loss Account (206,400 ) (85,986 )
SHAREHOLDERS' FUNDS 178,613 (85,985)
Page 1
Page 2
For the year ending 31 October 2023 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
Ewan Dudding
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
GREAT NORTHERN PORTFOLIO LTD is a private company, limited by shares, incorporated in Scotland, registered number SC655441 . The registered office is 23C Queen Street, Stirling, FK8 1HL.
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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Investment Property
2023
£
Fair Value
As at 1 November 2022 930,238
Additions 407,358
Disposals (47,608 )
Revaluations 385,012
As at 31 October 2023 1,675,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2023 2022
£ £
Cost 1,289,988 930,238
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 40,317 560
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 51,847 116,250
Accruals 4,200 2,580
Director's loan account 317,819 262,424
Amounts owed to related parties 15,000 -
388,866 381,254
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 1,154,182 639,385
Other loans 100,000 -
1,254,182 639,385
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. Reserves
Revaluation Reserve
£
Surplus on revaluation 385,012
As at 31 October 2023 385,012
Page 4