Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 10284968 Mr Stephen Barrett Ms Magdalena Barrett Mr Stephen Barrett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10284968 2023-02-28 10284968 2024-02-29 10284968 2023-03-01 2024-02-29 10284968 frs-core:CurrentFinancialInstruments 2024-02-29 10284968 frs-core:Non-currentFinancialInstruments 2024-02-29 10284968 frs-core:ComputerEquipment 2024-02-29 10284968 frs-core:ComputerEquipment 2023-03-01 2024-02-29 10284968 frs-core:ComputerEquipment 2023-02-28 10284968 frs-core:RevaluationReserve 2023-03-01 2024-02-29 10284968 frs-core:RevaluationReserve 2024-02-29 10284968 frs-core:SharePremium 2024-02-29 10284968 frs-core:ShareCapital 2024-02-29 10284968 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 10284968 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10284968 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 10284968 frs-bus:SmallEntities 2023-03-01 2024-02-29 10284968 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10284968 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 10284968 frs-core:CostValuation 2023-02-28 10284968 frs-core:AdditionsToInvestments 2024-02-29 10284968 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-02-29 10284968 frs-core:CostValuation 2024-02-29 10284968 frs-core:ListedExchangeTraded 2024-02-29 10284968 frs-core:ListedExchangeTraded 2023-02-28 10284968 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-02-28 10284968 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-02-29 10284968 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-02-29 10284968 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-02-29 10284968 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-02-28 10284968 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-02-29 10284968 frs-core:UnlistedNon-exchangeTraded 2024-02-29 10284968 frs-core:UnlistedNon-exchangeTraded 2023-02-28 10284968 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-02-28 10284968 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-29 10284968 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-29 10284968 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-02-29 10284968 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-02-28 10284968 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-29 10284968 frs-bus:Director1 2023-03-01 2024-02-29 10284968 frs-bus:Director2 2023-03-01 2024-02-29 10284968 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 10284968 frs-countries:EnglandWales 2023-03-01 2024-02-29 10284968 2022-02-28 10284968 2023-02-28 10284968 2022-03-01 2023-02-28 10284968 frs-core:CurrentFinancialInstruments 2023-02-28 10284968 frs-core:Non-currentFinancialInstruments 2023-02-28 10284968 frs-core:RevaluationReserve 2023-02-28 10284968 frs-core:SharePremium 2023-02-28 10284968 frs-core:ShareCapital 2023-02-28 10284968 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 10284968
CSB Partnership Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10284968
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 961 1,130
Investment Properties 5 5,278,697 5,278,697
Investments 6 104,438 72,030
5,384,096 5,351,857
CURRENT ASSETS
Debtors 7 280,286 267,981
Cash at bank and in hand 171,247 54,168
451,533 322,149
Creditors: Amounts Falling Due Within One Year 8 (81,677 ) (69,080 )
NET CURRENT ASSETS (LIABILITIES) 369,856 253,069
TOTAL ASSETS LESS CURRENT LIABILITIES 5,753,952 5,604,926
Creditors: Amounts Falling Due After More Than One Year 9 (3,653,192 ) (3,507,396 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (192 ) (215 )
NET ASSETS 2,100,568 2,097,315
CAPITAL AND RESERVES
Called up share capital 10 200 200
Share premium account 2,097,025 2,097,025
Revaluation reserve 11 2,988 -
Profit and Loss Account 355 90
SHAREHOLDERS' FUNDS 2,100,568 2,097,315
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Page 2
For the year ending 29 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
Mr Stephen Barrett
Director
21/03/2024
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
CSB Partnership Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10284968 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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.
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:
Computer Equipment 15% WDV
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.
2.5. 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2023 1,635
As at 29 February 2024 1,635
Depreciation
As at 1 March 2023 505
Provided during the period 169
As at 29 February 2024 674
Net Book Value
As at 29 February 2024 961
As at 1 March 2023 1,130
5. Investment Property
2024
£
Fair Value
As at 1 March 2023 and 29 February 2024 5,278,697
6. Investments
Listed Unlisted Total
£ £ £
Cost
As at 1 March 2023 29,880 42,150 72,030
Additions 32,935 - 32,935
Revaluations (527 ) - (527 )
As at 29 February 2024 62,288 42,150 104,438
Provision
As at 1 March 2023 - - -
As at 29 February 2024 - - -
Net Book Value
As at 29 February 2024 62,288 42,150 104,438
As at 1 March 2023 29,880 42,150 72,030
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7. Debtors
2024 2023
£ £
Due within one year
Directors' loan accounts 280,286 267,981
280,286 267,981
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,181 2,999
Bank loans and overdrafts 8,339 -
Corporation tax 17,324 3,063
Other creditors 52,833 47,529
Accruals and deferred income - 15,489
81,677 69,080
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,653,192 3,507,396
3,653,192 3,507,396
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
11. Reserves
Revaluation Reserve
£
Transfer to profit and loss 2,988
As at 29 February 2024 2,988
12. Related Party Transactions
Included in the Other Debtors is an amount owed from the company directors Mr S Barrett & Mrs M Barrett totalling £280,286 (2023 - £267,981), no interest is to be charged.
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