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 10804156 Ms H C Gordon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10804156 2023-06-30 10804156 2024-06-30 10804156 2023-07-01 2024-06-30 10804156 frs-core:CurrentFinancialInstruments 2024-06-30 10804156 frs-core:Non-currentFinancialInstruments 2024-06-30 10804156 frs-core:ComputerEquipment 2024-06-30 10804156 frs-core:ComputerEquipment 2023-07-01 2024-06-30 10804156 frs-core:ComputerEquipment 2023-06-30 10804156 frs-core:FurnitureFittings 2024-06-30 10804156 frs-core:FurnitureFittings 2023-07-01 2024-06-30 10804156 frs-core:FurnitureFittings 2023-06-30 10804156 frs-core:ShareCapital 2024-06-30 10804156 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10804156 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10804156 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10804156 frs-bus:SmallEntities 2023-07-01 2024-06-30 10804156 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10804156 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10804156 frs-bus:Director1 2023-07-01 2024-06-30 10804156 frs-countries:EnglandWales 2023-07-01 2024-06-30 10804156 2022-06-30 10804156 2023-06-30 10804156 2022-07-01 2023-06-30 10804156 frs-core:CurrentFinancialInstruments 2023-06-30 10804156 frs-core:Non-currentFinancialInstruments 2023-06-30 10804156 frs-core:ShareCapital 2023-06-30 10804156 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 10804156
Markell (Norfolk) Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10804156
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,084 1,486
Investment Properties 5 765,000 765,000
766,084 766,486
CURRENT ASSETS
Debtors 6 3,676 4,676
Cash at bank and in hand 9,432 12,016
13,108 16,692
Creditors: Amounts Falling Due Within One Year 7 (243,458 ) (252,975 )
NET CURRENT ASSETS (LIABILITIES) (230,350 ) (236,283 )
TOTAL ASSETS LESS CURRENT LIABILITIES 535,734 530,203
Creditors: Amounts Falling Due After More Than One Year 8 (329,546 ) (329,527 )
NET ASSETS 206,188 200,676
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 206,088 200,576
SHAREHOLDERS' FUNDS 206,188 200,676
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Ms H C Gordon
Director
14/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Markell (Norfolk) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10804156 . The registered office is 11 Trinity Street, Bungay, NR35 1EH.
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% on cost
Computer Equipment 20% on cost
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. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.4. Taxation - continued
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. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 4,544 786 5,330
Additions - 706 706
As at 30 June 2024 4,544 1,492 6,036
Depreciation
As at 1 July 2023 3,634 210 3,844
Provided during the period 909 199 1,108
As at 30 June 2024 4,543 409 4,952
Net Book Value
As at 30 June 2024 1 1,083 1,084
As at 1 July 2023 910 576 1,486
5. Investment Property
2024
£
Fair Value
As at 1 July 2023 and 30 June 2024 765,000
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 1,000
Other debtors 3,676 3,676
3,676 4,676
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 1,553 1,742
Accruals and deferred income 960 960
Director's loan account 240,945 250,273
243,458 252,975
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 329,546 329,527
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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