Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 NI630242 Mrs Ciara Moran Mr Colin Moran iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI630242 2023-03-31 NI630242 2024-03-31 NI630242 2023-04-01 2024-03-31 NI630242 frs-core:CurrentFinancialInstruments 2024-03-31 NI630242 frs-core:Non-currentFinancialInstruments 2024-03-31 NI630242 frs-core:ComputerEquipment 2024-03-31 NI630242 frs-core:ComputerEquipment 2023-04-01 2024-03-31 NI630242 frs-core:ComputerEquipment 2023-03-31 NI630242 frs-core:FurnitureFittings 2024-03-31 NI630242 frs-core:FurnitureFittings 2023-04-01 2024-03-31 NI630242 frs-core:FurnitureFittings 2023-03-31 NI630242 frs-core:ShareCapital 2024-03-31 NI630242 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI630242 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI630242 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 NI630242 frs-bus:SmallEntities 2023-04-01 2024-03-31 NI630242 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 NI630242 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI630242 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31 NI630242 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 NI630242 frs-bus:Director1 2023-04-01 2024-03-31 NI630242 frs-bus:Director2 2023-04-01 2024-03-31 NI630242 frs-countries:NorthernIreland 2023-04-01 2024-03-31 NI630242 2022-03-31 NI630242 2023-03-31 NI630242 2022-04-01 2023-03-31 NI630242 frs-core:CurrentFinancialInstruments 2023-03-31 NI630242 frs-core:Non-currentFinancialInstruments 2023-03-31 NI630242 frs-core:ShareCapital 2023-03-31 NI630242 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI630242 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31
Registered number: NI630242
CMMC Developments LTD
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: NI630242
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,132 30,720
Investment Properties 5 1,351,318 1,271,318
1,375,450 1,302,038
CURRENT ASSETS
Debtors 6 5,021 468
Cash at bank and in hand 54,377 924
59,398 1,392
Creditors: Amounts Falling Due Within One Year 7 (186,941 ) (258,528 )
NET CURRENT ASSETS (LIABILITIES) (127,543 ) (257,136 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,247,907 1,044,902
Creditors: Amounts Falling Due After More Than One Year 8 (645,654 ) (518,831 )
NET ASSETS 602,253 526,071
CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair value reserve 10 463,170 383,170
Profit and Loss Account 139,081 142,899
SHAREHOLDERS' FUNDS 602,253 526,071
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 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 Colin Moran
Director
28/11/2024
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
CMMC Developments LTD is a private company, limited by shares, incorporated in Northern Ireland, registered number NI630242 . The registered office is 7 Hillside Crescent, Augher, Tyrone, BT77 0HL.
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 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% straight line
Computer Equipment 25% straight line
2.4. 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: )
2 -
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 April 2023 59,202 1,593 60,795
Additions 1,263 - 1,263
As at 31 March 2024 60,465 1,593 62,058
Depreciation
As at 1 April 2023 28,561 1,514 30,075
Provided during the period 7,831 20 7,851
As at 31 March 2024 36,392 1,534 37,926
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2024 24,073 59 24,132
As at 1 April 2023 30,641 79 30,720
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 1,271,318
Revaluations 80,000
As at 31 March 2024 1,351,318
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,021 468
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 16,214
Bank loans and overdrafts 26,186 35,984
Other creditors 161,524 203,667
Taxation and social security (769 ) 2,663
186,941 258,528
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 645,654 518,831
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Reserves
Fair Value Reserve
£
As at 1 April 2023 383,170
Movements in fair value reserve 80,000
As at 31 March 2024 463,170
Page 4