Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 SC653992 Mr Stephen Smith Mr Paul Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC653992 2023-02-28 SC653992 2024-02-29 SC653992 2023-03-01 2024-02-29 SC653992 frs-core:CurrentFinancialInstruments 2024-02-29 SC653992 frs-core:Non-currentFinancialInstruments 2024-02-29 SC653992 frs-core:InvestmentPropertyIncludedWithinPPE 2024-02-29 SC653992 frs-core:InvestmentPropertyIncludedWithinPPE 2023-02-28 SC653992 frs-core:ShareCapital 2024-02-29 SC653992 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 SC653992 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC653992 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 SC653992 frs-bus:SmallEntities 2023-03-01 2024-02-29 SC653992 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC653992 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC653992 frs-bus:Director1 2023-03-01 2024-02-29 SC653992 frs-bus:Director2 2023-03-01 2024-02-29 SC653992 frs-countries:Scotland 2023-03-01 2024-02-29 SC653992 2022-02-28 SC653992 2023-02-28 SC653992 2022-03-01 2023-02-28 SC653992 frs-core:CurrentFinancialInstruments 2023-02-28 SC653992 frs-core:Non-currentFinancialInstruments 2023-02-28 SC653992 frs-core:ShareCapital 2023-02-28 SC653992 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: SC653992
Market Street Holdings Ltd
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: SC653992
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,249,200 3,249,200
3,249,200 3,249,200
CURRENT ASSETS
Debtors 5 16,000 50,000
Cash at bank and in hand 5,023 15,890
21,023 65,890
Creditors: Amounts Falling Due Within One Year 6 (14,319 ) (7,486 )
NET CURRENT ASSETS (LIABILITIES) 6,704 58,404
TOTAL ASSETS LESS CURRENT LIABILITIES 3,255,904 3,307,604
Creditors: Amounts Falling Due After More Than One Year 7 (3,000,670 ) (3,420,670 )
NET ASSETS/(LIABILITIES) 255,234 (113,066 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 255,134 (113,166 )
SHAREHOLDERS' FUNDS 255,234 (113,066)
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 Paul Smith
Director
07/10/2024
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
Market Street Holdings Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC653992 . The registered office is 52-54 King Street, Stirling , Scotland, FK8 1AY.
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. 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:
2.3. 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: NIL (2023: NIL)
- -
4. Tangible Assets
Investment Properties
£
Cost
As at 1 March 2023 3,249,200
As at 29 February 2024 3,249,200
Net Book Value
As at 29 February 2024 3,249,200
As at 1 March 2023 3,249,200
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 16,000 -
Amounts owed by participating interests - 50,000
16,000 50,000
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 34 (1 )
Other creditors 4,438 3,804
Taxation and social security 9,847 3,683
14,319 7,486
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 3,000,670 3,000,670
Amounts owed to participating interests - 420,000
3,000,670 3,420,670
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
During the year the company repaid £50,000 towards a loan provided by an assiociated company Endeavour Hospitality Ltd. In addition Endeavour Hospitality Ltd waived a sum of £370,000. The balance due at the end of the financial year was nil (2003 £420,000)
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