Acorah Software Products - Accounts Production 16.0.110 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 09898067 Mr Neil Simpson N Simpson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09898067 2023-10-31 09898067 2024-10-31 09898067 2023-11-01 2024-10-31 09898067 frs-core:CurrentFinancialInstruments 2024-10-31 09898067 frs-core:MotorVehicles 2024-10-31 09898067 frs-core:MotorVehicles 2023-11-01 2024-10-31 09898067 frs-core:MotorVehicles 2023-10-31 09898067 frs-core:PlantMachinery 2024-10-31 09898067 frs-core:PlantMachinery 2023-11-01 2024-10-31 09898067 frs-core:PlantMachinery 2023-10-31 09898067 frs-core:ShareCapital 2024-10-31 09898067 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 09898067 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09898067 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 09898067 frs-bus:SmallEntities 2023-11-01 2024-10-31 09898067 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 09898067 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 09898067 1 2023-11-01 2024-10-31 09898067 frs-bus:Director1 2023-11-01 2024-10-31 09898067 frs-countries:EnglandWales 2023-11-01 2024-10-31 09898067 2022-10-31 09898067 2023-10-31 09898067 2022-11-01 2023-10-31 09898067 frs-core:CurrentFinancialInstruments 2023-10-31 09898067 frs-core:ShareCapital 2023-10-31 09898067 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 09898067
Alcyon Property Limited
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09898067
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,587 13,549
Investment Properties 5 749,000 749,000
758,587 762,549
CURRENT ASSETS
Cash at bank and in hand 12,045 6,970
12,045 6,970
Creditors: Amounts Falling Due Within One Year 6 (601,752 ) (614,677 )
NET CURRENT ASSETS (LIABILITIES) (589,707 ) (607,707 )
TOTAL ASSETS LESS CURRENT LIABILITIES 168,880 154,842
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,290 ) (1,695 )
NET ASSETS 167,590 153,147
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 167,490 153,047
SHAREHOLDERS' FUNDS 167,590 153,147
Page 1
Page 2
For the year ending 31 October 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 Neil Simpson
Director
5th November 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Alcyon Property Limited Registered number 09898067 is a limited by shares company incorporated in England & Wales. The Registered Office is Marstons Farmhouse, Swineshead, Boston, PE20 3PH.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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:
Plant & Machinery 25% on cost
Motor Vehicles 25% on cost
2.4. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their market value.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 November 2023 2,492 33,872 36,364
Additions 3,750 - 3,750
As at 31 October 2024 6,242 33,872 40,114
Depreciation
As at 1 November 2023 2,492 20,323 22,815
Provided during the period 938 6,774 7,712
As at 31 October 2024 3,430 27,097 30,527
Net Book Value
As at 31 October 2024 2,812 6,775 9,587
As at 1 November 2023 - 13,549 13,549
5. Investment Property
2024
£
Fair Value
As at 1 November 2023 and 31 October 2024 749,000
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 4,222 7,761
Accruals and deferred income 450 410
Director's loan account 597,080 606,506
601,752 614,677
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Ultimate Controlling Party
The company's ultimate controlling party is N Simpson by virtue of his ownership of 100% of the issued share capital in the company.
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