Acorah Software Products - Accounts Production 16.1.200 false true 5 April 2023 6 April 2022 false 6 April 2023 5 April 2024 5 April 2024 02978300 Miss L N Creswell Mrs S P Thompson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02978300 2023-04-05 02978300 2024-04-05 02978300 2023-04-06 2024-04-05 02978300 frs-core:CurrentFinancialInstruments 2024-04-05 02978300 frs-core:FurnitureFittings 2024-04-05 02978300 frs-core:FurnitureFittings 2023-04-06 2024-04-05 02978300 frs-core:FurnitureFittings 2023-04-05 02978300 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-05 02978300 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-06 2024-04-05 02978300 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-05 02978300 frs-core:RevaluationReserve 2023-04-05 02978300 frs-core:RevaluationReserve 2024-04-05 02978300 frs-core:ShareCapital 2024-04-05 02978300 frs-core:RetainedEarningsAccumulatedLosses 2024-04-05 02978300 frs-bus:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 02978300 frs-bus:FilletedAccounts 2023-04-06 2024-04-05 02978300 frs-bus:SmallEntities 2023-04-06 2024-04-05 02978300 frs-bus:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 02978300 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-06 2024-04-05 02978300 frs-bus:Director1 2023-04-06 2024-04-05 02978300 frs-bus:Director2 2023-04-06 2024-04-05 02978300 frs-countries:EnglandWales 2023-04-06 2024-04-05 02978300 2022-04-05 02978300 2023-04-05 02978300 2022-04-06 2023-04-05 02978300 frs-core:CurrentFinancialInstruments 2023-04-05 02978300 frs-core:RevaluationReserve 2023-04-05 02978300 frs-core:ShareCapital 2023-04-05 02978300 frs-core:RetainedEarningsAccumulatedLosses 2023-04-05
Registered number: 02978300
Granby Properties (Nottm) Limited
Financial Statements
For The Year Ended 5 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02978300
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 113,661 113,665
113,661 113,665
CURRENT ASSETS
Cash at bank and in hand 4,174 2,569
4,174 2,569
Creditors: Amounts Falling Due Within One Year 5 (8,171 ) (7,675 )
NET CURRENT ASSETS (LIABILITIES) (3,997 ) (5,106 )
TOTAL ASSETS LESS CURRENT LIABILITIES 109,664 108,559
NET ASSETS 109,664 108,559
CAPITAL AND RESERVES
Called up share capital 6 200 200
Revaluation reserve 7 55,907 55,907
Profit and Loss Account 53,557 52,452
SHAREHOLDERS' FUNDS 109,664 108,559
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For the year ending 5 April 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
Miss L N Creswell
Director
19 December 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
Granby Properties (Nottm) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02978300 . The registered office is 550 Valley Road, Nottingham, NG5 1JJ.
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:
Freehold No depreciation
Fixtures & Fittings 20% Reducing balance
2.4. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 6 April 2023 113,646 2,961 116,607
As at 5 April 2024 113,646 2,961 116,607
Depreciation
As at 6 April 2023 - 2,942 2,942
Provided during the period - 4 4
As at 5 April 2024 - 2,946 2,946
Net Book Value
As at 5 April 2024 113,646 15 113,661
As at 6 April 2023 113,646 19 113,665
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 1,493 997
Accruals and deferred income 440 440
Directors' loan accounts 6,238 6,238
8,171 7,675
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
7. Reserves
Revaluation Reserve
£
As at 6 April 2023 55,907
As at 5 April 2024 55,907
8. Related Party Transactions
At the balance sheet date, the company owed the directors £6,238 (2023:£6,238). The amount is unsecured, interest free, with no fixed repayment date.
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