Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 SC688169 Mr Adam Chyzy Mrs Joanna Prystupa iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC688169 2023-02-28 SC688169 2024-02-28 SC688169 2023-03-01 2024-02-28 SC688169 frs-core:CurrentFinancialInstruments 2024-02-28 SC688169 frs-core:Non-currentFinancialInstruments 2024-02-28 SC688169 frs-core:FurnitureFittings 2024-02-28 SC688169 frs-core:FurnitureFittings 2023-03-01 2024-02-28 SC688169 frs-core:FurnitureFittings 2023-02-28 SC688169 frs-core:InvestmentPropertyIncludedWithinPPE 2024-02-28 SC688169 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-01 2024-02-28 SC688169 frs-core:InvestmentPropertyIncludedWithinPPE 2023-02-28 SC688169 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-28 SC688169 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 SC688169 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 SC688169 frs-core:ShareCapital 2024-02-28 SC688169 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 SC688169 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 SC688169 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 SC688169 frs-bus:SmallEntities 2023-03-01 2024-02-28 SC688169 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 SC688169 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 SC688169 frs-bus:Director1 2023-03-01 2024-02-28 SC688169 frs-bus:Director2 2023-03-01 2024-02-28 SC688169 frs-core:CurrentFinancialInstruments 1 2024-02-28 SC688169 frs-countries:Scotland 2023-03-01 2024-02-28 SC688169 2022-02-28 SC688169 2023-02-28 SC688169 2022-03-01 2023-02-28 SC688169 frs-core:CurrentFinancialInstruments 2023-02-28 SC688169 frs-core:Non-currentFinancialInstruments 2023-02-28 SC688169 frs-core:ShareCapital 2023-02-28 SC688169 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 SC688169 frs-core:CurrentFinancialInstruments 1 2023-02-28
Registered number: SC688169
Satis Property Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Ortu Advisors Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC688169
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 299,450 296,957
299,450 296,957
CURRENT ASSETS
Debtors 5 613 613
Cash at bank and in hand 1,597 1,766
2,210 2,379
Creditors: Amounts Falling Due Within One Year 6 (263,742 ) (271,733 )
NET CURRENT ASSETS (LIABILITIES) (261,532 ) (269,354 )
TOTAL ASSETS LESS CURRENT LIABILITIES 37,918 27,603
Creditors: Amounts Falling Due After More Than One Year 7 (160,857 ) (132,321 )
NET LIABILITIES (122,939 ) (104,718 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (122,941 ) (104,720 )
SHAREHOLDERS' FUNDS (122,939) (104,718)
Page 1
Page 2
For the year ending 28 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
Mrs Joanna Prystupa
Director
13/08/2024
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
Satis Property Limited is a private company, limited by shares, incorporated in Scotland, registered number SC688169 . The registered office is West Balbridie, Crathes, Banchory, Scotland, AB31 6JB.
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:
Freehold No depreciation
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Tangible Assets
Land & Property
Freehold Investment Properties Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 March 2023 19,870 267,540 12,163 299,573
Additions 3,619 - 1,576 5,195
As at 28 February 2024 23,489 267,540 13,739 304,768
Depreciation
As at 1 March 2023 - - 2,616 2,616
Provided during the period - - 2,702 2,702
As at 28 February 2024 - - 5,318 5,318
Net Book Value
As at 28 February 2024 23,489 267,540 8,421 299,450
As at 1 March 2023 19,870 267,540 9,547 296,957
5. Debtors
2024 2023
as restated
£ £
Due within one year
Prepayments and accrued income 613 613
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Bank loans and overdrafts 26,419 26,419
Intercompany 202,394 188,234
Accruals and deferred income 2,160 6,000
Directors' loan accounts 32,769 51,080
263,742 271,733
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Bank loans 160,857 132,321
8. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 2 2
Page 4