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 10605265 Ms Natasha Brown Mr Martin Brown iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10605265 2023-02-28 10605265 2024-02-29 10605265 2023-03-01 2024-02-29 10605265 frs-core:CurrentFinancialInstruments 2024-02-29 10605265 frs-core:Non-currentFinancialInstruments 2024-02-29 10605265 frs-core:ComputerEquipment 2024-02-29 10605265 frs-core:ComputerEquipment 2023-03-01 2024-02-29 10605265 frs-core:ComputerEquipment 2023-02-28 10605265 frs-core:FurnitureFittings 2024-02-29 10605265 frs-core:FurnitureFittings 2023-03-01 2024-02-29 10605265 frs-core:FurnitureFittings 2023-02-28 10605265 frs-core:RevaluationReserve 2023-02-28 10605265 frs-core:RevaluationReserve 2024-02-29 10605265 frs-core:ShareCapital 2024-02-29 10605265 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 10605265 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10605265 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 10605265 frs-bus:SmallEntities 2023-03-01 2024-02-29 10605265 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10605265 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 10605265 frs-bus:Director1 2023-03-01 2024-02-29 10605265 frs-bus:Director2 2023-03-01 2024-02-29 10605265 frs-countries:EnglandWales 2023-03-01 2024-02-29 10605265 2022-02-28 10605265 2023-02-28 10605265 2022-03-01 2023-02-28 10605265 frs-core:CurrentFinancialInstruments 2023-02-28 10605265 frs-core:Non-currentFinancialInstruments 2023-02-28 10605265 frs-core:RevaluationReserve 2023-02-28 10605265 frs-core:ShareCapital 2023-02-28 10605265 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 10605265
Keystone Lettings Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10605265
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,182 2,860
Investment Properties 5 879,000 879,000
881,182 881,860
CURRENT ASSETS
Cash at bank and in hand 17,025 7,167
17,025 7,167
Creditors: Amounts Falling Due Within One Year 7 (149,114 ) (149,066 )
NET CURRENT ASSETS (LIABILITIES) (132,089 ) (141,899 )
TOTAL ASSETS LESS CURRENT LIABILITIES 749,093 739,961
Creditors: Amounts Falling Due After More Than One Year 8 (523,585 ) (519,872 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (58,294 ) (58,294 )
NET ASSETS 167,214 161,795
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 174,882 174,882
Profit and Loss Account (7,768 ) (13,187 )
SHAREHOLDERS' FUNDS 167,214 161,795
Page 1
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 Martin Brown
Director
27 November 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
Keystone Lettings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10605265 . The registered office is The Mill Pury Hill Business Park, Alderton, Towcester, NN12 7LS.
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 20% 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)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 1,445 1,944 3,389
As at 29 February 2024 1,445 1,944 3,389
Depreciation
As at 1 March 2023 265 264 529
Provided during the period 289 389 678
As at 29 February 2024 554 653 1,207
Net Book Value
As at 29 February 2024 891 1,291 2,182
As at 1 March 2023 1,180 1,680 2,860
Page 3
Page 4
5. Investment Property
2024
£
Fair Value
As at 1 March 2023 and 29 February 2024 879,000
6. Debtors
2024 2023
£ £
Due within one year
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 2
Other creditors 149,113 149,064
149,114 149,066
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 523,585 519,872
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Revaluation Reserve
£
As at 1 March 2023 174,882
As at 29 February 2024 174,882
Page 4