Acorah Software Products - Accounts Production 16.0.110 false true 29 June 2023 30 June 2022 false 30 June 2023 29 June 2024 29 June 2024 10807799 Mr R Ayres Mrs L Ayres Mrs D Ayres Mr J Ayres iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10807799 2023-06-29 10807799 2024-06-29 10807799 2023-06-30 2024-06-29 10807799 frs-core:CurrentFinancialInstruments 2024-06-29 10807799 frs-core:Non-currentFinancialInstruments 2024-06-29 10807799 frs-core:ComputerEquipment 2024-06-29 10807799 frs-core:ComputerEquipment 2023-06-30 2024-06-29 10807799 frs-core:ComputerEquipment 2023-06-29 10807799 frs-core:ShareCapital 2024-06-29 10807799 frs-core:RetainedEarningsAccumulatedLosses 2024-06-29 10807799 frs-bus:PrivateLimitedCompanyLtd 2023-06-30 2024-06-29 10807799 frs-bus:FilletedAccounts 2023-06-30 2024-06-29 10807799 frs-bus:SmallEntities 2023-06-30 2024-06-29 10807799 frs-bus:AuditExempt-NoAccountantsReport 2023-06-30 2024-06-29 10807799 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-30 2024-06-29 10807799 frs-bus:Director1 2023-06-30 2024-06-29 10807799 frs-bus:Director2 2023-06-30 2024-06-29 10807799 frs-bus:Director3 2023-06-30 2024-06-29 10807799 frs-bus:Director4 2023-06-30 2024-06-29 10807799 frs-countries:EnglandWales 2023-06-30 2024-06-29 10807799 2022-06-29 10807799 2023-06-29 10807799 2022-06-30 2023-06-29 10807799 frs-core:CurrentFinancialInstruments 2023-06-29 10807799 frs-core:Non-currentFinancialInstruments 2023-06-29 10807799 frs-core:ShareCapital 2023-06-29 10807799 frs-core:RetainedEarningsAccumulatedLosses 2023-06-29
Registered number: 10807799
Ayres Property Limited
Unaudited Financial Statements
For The Year Ended 29 June 2024
Whittles LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10807799
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 206 274
Investment Properties 5 200,407 200,407
200,613 200,681
CURRENT ASSETS
Debtors 6 800 -
Cash at bank and in hand 66 2,221
866 2,221
Creditors: Amounts Falling Due Within One Year 7 (19,667 ) (16,852 )
NET CURRENT ASSETS (LIABILITIES) (18,801 ) (14,631 )
TOTAL ASSETS LESS CURRENT LIABILITIES 181,812 186,050
Creditors: Amounts Falling Due After More Than One Year 8 (196,201 ) (196,085 )
NET LIABILITIES (14,389 ) (10,035 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (14,489 ) (10,135 )
SHAREHOLDERS' FUNDS (14,389) (10,035)
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Page 2
For the year ending 29 June 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
Mrs D Ayres
Director
01/11/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Ayres Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10807799 . The registered office is 1 Richmond Road, Lytham St Annes, Lancashire, FY8 1PE.
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:
Computer Equipment 25% Red. Bal
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 30 June 2023 649
As at 29 June 2024 649
Depreciation
As at 30 June 2023 375
Provided during the period 68
As at 29 June 2024 443
Net Book Value
As at 29 June 2024 206
As at 30 June 2023 274
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5. Investment Property
2024
£
Fair Value
As at 30 June 2023 and 29 June 2024 200,407
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 800 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 2,936 2,906
Directors' loan accounts 16,731 13,946
19,667 16,852
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 116,201 116,085
Directors loan account 80,000 80,000
196,201 196,085
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
At 29 June 2024, the company owed £96,731 (2023: £93,946) to the directors. Interest has been charged to the company on the long term loan which is repayable on demand. 
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