Acorah Software Products - Accounts Production 16.0.110 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 SC267901 Mr Feliciano Dicanto iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC267901 2023-04-30 SC267901 2024-04-30 SC267901 2023-05-01 2024-04-30 SC267901 frs-core:CurrentFinancialInstruments 2024-04-30 SC267901 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 SC267901 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC267901 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 SC267901 frs-core:ShareCapital 2024-04-30 SC267901 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 SC267901 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC267901 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 SC267901 frs-bus:SmallEntities 2023-05-01 2024-04-30 SC267901 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC267901 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC267901 frs-bus:Director1 2023-05-01 2024-04-30 SC267901 frs-core:CurrentFinancialInstruments 1 2024-04-30 SC267901 frs-countries:Scotland 2023-05-01 2024-04-30 SC267901 2022-04-30 SC267901 2023-04-30 SC267901 2022-05-01 2023-04-30 SC267901 frs-core:CurrentFinancialInstruments 2023-04-30 SC267901 frs-core:ShareCapital 2023-04-30 SC267901 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 SC267901 frs-core:CurrentFinancialInstruments 1 2023-04-30
Registered number: SC267901
Fdc Property Company Ltd.
Unaudited Financial Statements
For The Year Ended 30 April 2024
Menzies Accountants Ltd
18 Campbell Road
Edinburgh
EH12 6DT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC267901
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 223,100 225,400
223,100 225,400
CURRENT ASSETS
Debtors 5 100 100
Cash at bank and in hand 1,396 1,450
1,496 1,550
Creditors: Amounts Falling Due Within One Year 6 (16,136 ) (30,599 )
NET CURRENT ASSETS (LIABILITIES) (14,640 ) (29,049 )
TOTAL ASSETS LESS CURRENT LIABILITIES 208,460 196,351
NET ASSETS 208,460 196,351
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 208,360 196,251
SHAREHOLDERS' FUNDS 208,460 196,351
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Feliciano Dicanto
Director
07/06/2024
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
Fdc Property Company Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC267901 . The registered office is 18 Campbell Road, Edinburgh, EH12 6DT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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:
Freehold 1% straight line
2.3. Taxation
Corporation 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 May 2023 230,000
As at 30 April 2024 230,000
Depreciation
As at 1 May 2023 4,600
Provided during the period 2,300
As at 30 April 2024 6,900
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 April 2024 223,100
As at 1 May 2023 225,400
5. Debtors
2024 2023
£ £
Due within one year
Called up share capital not paid 100 100
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 4,787 4,790
Deposit 10,000 10,000
Accruals and deferred income 750 750
Director's loan account 599 280
Amounts owed to associates - 14,779
16,136 30,599
7. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 100 100
Amount of Allotted, Called Up Share Capital 100 100
Page 4