Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 13906666 Mr Lewis Smith Mr Liam Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13906666 2023-02-28 13906666 2024-02-29 13906666 2023-03-01 2024-02-29 13906666 frs-core:CurrentFinancialInstruments 2024-02-29 13906666 frs-core:Non-currentFinancialInstruments 2024-02-29 13906666 frs-core:ShareCapital 2024-02-29 13906666 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 13906666 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13906666 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 13906666 frs-bus:SmallEntities 2023-03-01 2024-02-29 13906666 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13906666 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13906666 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-02-29 13906666 frs-core:UnlistedNon-exchangeTraded 2024-02-29 13906666 frs-core:UnlistedNon-exchangeTraded 2023-02-28 13906666 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-02-28 13906666 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-29 13906666 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-02-29 13906666 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-02-28 13906666 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-29 13906666 frs-bus:Director1 2023-03-01 2024-02-29 13906666 frs-bus:Director2 2023-03-01 2024-02-29 13906666 frs-core:CurrentFinancialInstruments 1 2024-02-29 13906666 frs-countries:EnglandWales 2023-03-01 2024-02-29 13906666 2022-02-28 13906666 2023-02-28 13906666 2022-03-01 2023-02-28 13906666 frs-core:CurrentFinancialInstruments 2023-02-28 13906666 frs-core:Non-currentFinancialInstruments 2023-02-28 13906666 frs-core:ShareCapital 2023-02-28 13906666 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 13906666 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-02-28 13906666 frs-core:CurrentFinancialInstruments 1 2023-02-28
Registered number: 13906666
Manchester Compliance Properties Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13906666
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 730,000 235,931
Investments 5 30,000 -
760,000 235,931
CURRENT ASSETS
Debtors 6 1,000 1,000
Cash at bank and in hand 2,427 72,058
3,427 73,058
Creditors: Amounts Falling Due Within One Year 7 (395,586 ) (120,521 )
NET CURRENT ASSETS (LIABILITIES) (392,159 ) (47,463 )
TOTAL ASSETS LESS CURRENT LIABILITIES 367,841 188,468
Creditors: Amounts Falling Due After More Than One Year 8 (258,064 ) (190,598 )
NET ASSETS/(LIABILITIES) 109,777 (2,130 )
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Fair value reserve 10 116,984 -
Profit and Loss Account (8,207 ) (3,130 )
SHAREHOLDERS' FUNDS 109,777 (2,130)
Page 1
Page 2
For the year ending 29 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 Liam Smith
Director
20/11/2024
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
Manchester Compliance Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13906666 . The registered office is 107 St. Albans Avenue, Ashton-under-Lyne, Greater Manchester, OL6 8XF.
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. 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 (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 March 2023 235,931
Additions 377,085
Fair value adjustments 116,984
As at 29 February 2024 730,000
5. Investments
Unlisted
£
Cost
As at 1 March 2023 -
Additions 30,000
As at 29 February 2024 30,000
Provision
As at 1 March 2023 -
As at 29 February 2024 -
...CONTINUED
Page 3
Page 4
Net Book Value
As at 29 February 2024 30,000
As at 1 March 2023 -
6. Debtors
2024 2023
£ £
Due within one year
Other debtors (1) 1,000 1,000
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (2 ) -
Other creditors 394,682 119,681
Accruals and deferred income 906 840
395,586 120,521
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 258,064 190,598
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Reserves
Fair Value Reserve
£
Movements in fair value reserve 116,984
As at 29 February 2024 116,984
Page 4