Acorah Software Products - Accounts Production 14.6.300 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 10604633 Mr A Heywood Mr S Henry Mr R K Jones Mr R Lees Mr T L Gunney Mr J W Horton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10604633 2023-02-28 10604633 2024-02-29 10604633 2023-03-01 2024-02-29 10604633 frs-core:Non-currentFinancialInstruments 2024-02-29 10604633 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 10604633 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 10604633 frs-bus:CompanyLimitedByGuarantee 2023-03-01 2024-02-29 10604633 frs-bus:AbridgedAccounts 2023-03-01 2024-02-29 10604633 frs-bus:SmallEntities 2023-03-01 2024-02-29 10604633 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10604633 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 10604633 frs-bus:Director1 2023-03-01 2024-02-29 10604633 frs-bus:Director1 2023-02-28 10604633 frs-bus:Director1 2024-02-29 10604633 frs-bus:Director2 2023-03-01 2024-02-29 10604633 frs-bus:Director3 2023-03-01 2024-02-29 10604633 frs-bus:Director3 2023-02-28 10604633 frs-bus:Director3 2024-02-29 10604633 frs-bus:Director4 2023-03-01 2024-02-29 10604633 frs-bus:Director4 2023-02-28 10604633 frs-bus:Director4 2024-02-29 10604633 frs-bus:Director5 2023-03-01 2024-02-29 10604633 frs-bus:Director5 2023-02-28 10604633 frs-bus:Director5 2024-02-29 10604633 frs-bus:Director6 2023-03-01 2024-02-29 10604633 frs-bus:Director6 2023-02-28 10604633 frs-bus:Director6 2024-02-29 10604633 frs-countries:EnglandWales 2023-03-01 2024-02-29 10604633 2022-02-28 10604633 2023-02-28 10604633 2022-03-01 2023-02-28 10604633 frs-core:Non-currentFinancialInstruments 2023-02-28 10604633 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 10604633
286-288 Property Management Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 10604633
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,837 22,837
22,837 22,837
CURRENT ASSETS
Debtors 955 961
Cash at bank and in hand 2,313 1,616
3,268 2,577
Creditors: Amounts Falling Due Within One Year (480 ) (1,200 )
NET CURRENT ASSETS (LIABILITIES) 2,788 1,377
TOTAL ASSETS LESS CURRENT LIABILITIES 25,625 24,214
Creditors: Amounts Falling Due After More Than One Year (21,000 ) (21,000 )
NET ASSETS 4,625 3,214
Income and Expenditure Account 4,625 3,214
MEMBERS' FUNDS 4,625 3,214
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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 Income and Expenditure Account.
All of the company's members have consented to the preparation of an Abridged Income and Expenditure Account and an Abridged Balance Sheet for the year end 29 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr R Lees
Director
Mr T L Gunney
Director
30/11/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
286-288 Property Management Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 10604633 . The registered office is Flat 3 286-288 Newport Road, Cardiff, CF24 1RS.
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:
Freehold Not Considered
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Total
£
Cost
As at 1 March 2023 22,837
As at 29 February 2024 22,837
Net Book Value
As at 29 February 2024 22,837
As at 1 March 2023 22,837
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5. Directors Advances, Credits and Guarantees
Included within long term creditors are the following loans from directors for their attributed contribution for the purchase of the freehold of the property:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Mr Anthony Heywood 3,500 - - - 3,500
Mr Shaun Henry 3,500 - - - 3,500
Mr Richard Jones 3,500 - - - 3,500
Mr Richard Lees 3,500 - - - 3,500
Mr Jack Horton 3,500 - - - 3,500
The above loan is unsecured, interest free and repayable on demand.
6. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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