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 08899542 Dr Timothy Percival Mrs Leila Percival iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08899542 2023-02-28 08899542 2024-02-29 08899542 2023-03-01 2024-02-29 08899542 frs-core:CurrentFinancialInstruments 2024-02-29 08899542 frs-core:Non-currentFinancialInstruments 2024-02-29 08899542 frs-core:BetweenOneFiveYears 2024-02-29 08899542 frs-core:ComputerEquipment 2024-02-29 08899542 frs-core:ComputerEquipment 2023-03-01 2024-02-29 08899542 frs-core:ComputerEquipment 2023-02-28 08899542 frs-core:MotorVehicles 2024-02-29 08899542 frs-core:MotorVehicles 2023-03-01 2024-02-29 08899542 frs-core:MotorVehicles 2023-02-28 08899542 frs-core:PlantMachinery 2024-02-29 08899542 frs-core:PlantMachinery 2023-03-01 2024-02-29 08899542 frs-core:PlantMachinery 2023-02-28 08899542 frs-core:WithinOneYear 2024-02-29 08899542 frs-core:SharePremium 2024-02-29 08899542 frs-core:ShareCapital 2024-02-29 08899542 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 08899542 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08899542 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 08899542 frs-bus:SmallEntities 2023-03-01 2024-02-29 08899542 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08899542 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08899542 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-02-28 08899542 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-02-29 08899542 frs-bus:Director1 2023-03-01 2024-02-29 08899542 frs-bus:Director2 2023-03-01 2024-02-29 08899542 frs-countries:EnglandWales 2023-03-01 2024-02-29 08899542 2022-02-28 08899542 2023-02-28 08899542 2022-03-01 2023-02-28 08899542 frs-core:CurrentFinancialInstruments 2023-02-28 08899542 frs-core:Non-currentFinancialInstruments 2023-02-28 08899542 frs-core:BetweenOneFiveYears 2023-02-28 08899542 frs-core:WithinOneYear 2023-02-28 08899542 frs-core:SharePremium 2023-02-28 08899542 frs-core:ShareCapital 2023-02-28 08899542 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 08899542 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-02-28
Registered number: 08899542
Strawberry Property Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08899542
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 62,151 77,498
Investment Properties 5 13,075,000 10,592,300
13,137,151 10,669,798
CURRENT ASSETS
Debtors 6 2,238,448 2,188,384
Cash at bank and in hand 26,916 925,709
2,265,364 3,114,093
Creditors: Amounts Falling Due Within One Year 7 (2,094,188 ) (1,670,856 )
NET CURRENT ASSETS (LIABILITIES) 171,176 1,443,237
TOTAL ASSETS LESS CURRENT LIABILITIES 13,308,327 12,113,035
Creditors: Amounts Falling Due After More Than One Year 8 (7,416,559 ) (7,442,642 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,579,234 ) (1,132,505 )
NET ASSETS 4,312,534 3,537,888
CAPITAL AND RESERVES
Called up share capital 10 201 201
Share premium account - 579,819
Fair value reserve 11 4,759,056 3,367,487
Profit and Loss Account (446,723 ) (409,619 )
SHAREHOLDERS' FUNDS 4,312,534 3,537,888
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
Dr Timothy Percival
Director
29/11/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Strawberry Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08899542 . The registered office is Unit 5 Stoke View Business Park, Stoke View Road, Bristol, BS16 3AE.
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
Letting of rental property
Turnover from rental property comprises of income earned from letting property. Rents and service charges from lettings are recognised net of losses from voids. Income is recognised from the date the property is first let.
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:
Plant & Machinery 20% Straight Line
Motor Vehicles 15% Straight Line
Computer Equipment 15% 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.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
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2.7. 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 on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
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.
2.8. Finance Costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
2.9. Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
2.10. Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
The average number of employees, including directors, during the year was 12 (2023: 8)
12 8
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 68,867 127,696 26,601 223,164
Additions 18,432 - 8,030 26,462
As at 29 February 2024 87,299 127,696 34,631 249,626
Depreciation
As at 1 March 2023 63,439 60,038 22,189 145,666
Provided during the period 17,460 19,154 5,195 41,809
As at 29 February 2024 80,899 79,192 27,384 187,475
...CONTINUED
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Net Book Value
As at 29 February 2024 6,400 48,504 7,247 62,151
As at 1 March 2023 5,428 67,658 4,412 77,498
5. Investment Property
2024
£
Fair Value
As at 1 March 2023 10,592,300
Additions 2,482,700
As at 29 February 2024 13,075,000
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 4,301 7,493
Other debtors 1,893,500 1,944,473
1,897,801 1,951,966
Due after more than one year
Other debtors 81,011 81,011
Directors loan account 259,636 155,407
340,647 236,418
2,238,448 2,188,384
Included in debtors are loans to connected companies of the directors amounting to £1,893,500 (2023: £1,944,473).
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,320 13,224
Trade creditors 83,345 4,766
Other taxes and social security 6,870 4,403
Other creditors 1,986,353 1,645,163
Accruals and deferred income 3,300 3,300
2,094,188 1,670,856
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 27,411 41,731
Other creditors 7,389,148 7,400,911
7,416,559 7,442,642
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,320 13,224
Later than one year and not later than five years 27,411 41,731
41,731 54,955
41,731 54,955
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 201 201
11. Reserves
Fair Value Reserve
£
As at 1 March 2023 3,367,487
Movements in fair value reserve 1,391,569
As at 29 February 2024 4,759,056
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