Acorah Software Products - Accounts Production 14.6.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 5075031 Mr Paul Doran Mrs Julie Doran iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 5075031 2023-03-31 5075031 2024-03-31 5075031 2023-04-01 2024-03-31 5075031 frs-core:CurrentFinancialInstruments 2024-03-31 5075031 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 5075031 frs-core:MotorVehicles 2024-03-31 5075031 frs-core:MotorVehicles 2023-04-01 2024-03-31 5075031 frs-core:MotorVehicles 2023-03-31 5075031 frs-core:PlantMachinery 2024-03-31 5075031 frs-core:PlantMachinery 2023-04-01 2024-03-31 5075031 frs-core:PlantMachinery 2023-03-31 5075031 frs-core:ShareCapital 2024-03-31 5075031 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 5075031 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 5075031 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 5075031 frs-bus:SmallEntities 2023-04-01 2024-03-31 5075031 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 5075031 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 5075031 frs-bus:Director1 2023-04-01 2024-03-31 5075031 frs-bus:Director1 2023-03-31 5075031 frs-bus:Director1 2024-03-31 5075031 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 5075031 frs-countries:EnglandWales 2023-04-01 2024-03-31 5075031 2022-03-31 5075031 2023-03-31 5075031 2022-04-01 2023-03-31 5075031 frs-core:CurrentFinancialInstruments 2023-03-31 5075031 frs-core:ShareCapital 2023-03-31 5075031 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 5075031 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 5075031
Newlease Residential Lettings Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Fairmans Accountants
61 Stanifield Lane
Farington
Leyland
PR25 4UD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 5075031
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 1,571
- 1,571
CURRENT ASSETS
Debtors 5 21,637 33,226
Cash at bank and in hand - 1,940
21,637 35,166
Creditors: Amounts Falling Due Within One Year 6 (4,795 ) (5,048 )
NET CURRENT ASSETS (LIABILITIES) 16,842 30,118
TOTAL ASSETS LESS CURRENT LIABILITIES 16,842 31,689
NET ASSETS 16,842 31,689
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 16,840 31,687
SHAREHOLDERS' FUNDS 16,842 31,689
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 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
Mr Paul Doran
Director
27/11/2024
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
Newlease Residential Lettings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 5075031 . The registered office is 61 Stanifield Lane, Farington, Leyland, PR25 4WF.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 not provided
Plant & Machinery 20% straight line
Motor Vehicles 20% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 2)
- 2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 49,824 8,161 57,985
Disposals (49,824 ) (8,161 ) (57,985 )
Depreciation
As at 1 April 2023 48,254 8,160 56,414
Provided during the period 436 - 436
Disposals (48,690 ) (8,160 ) (56,850 )
As at 31 March 2024 - - -
Net Book Value
As at 31 March 2024 - - -
As at 1 April 2023 1,570 1 1,571
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 31,009
Other debtors (1) - 2,100
Other taxes and social security - 117
Director's loan account 20,503 -
Amounts owed by group undertakings 1,134 -
21,637 33,226
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,274 781
Accruals and deferred income 2,521 2,490
Director's loan account - 1,777
4,795 5,048
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4
Page 5
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Paul Doran (1,776 ) 31,972 9,693 - 20,503
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
2024 2023
£ £
Mr Paul Doran 3,910 15,000
Page 5