Acorah Software Products - Accounts Production 16.0.110 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 11002350 Mr John Adamson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11002350 2023-10-31 11002350 2024-10-31 11002350 2023-11-01 2024-10-31 11002350 frs-core:CurrentFinancialInstruments 2024-10-31 11002350 frs-core:Non-currentFinancialInstruments 2024-10-31 11002350 frs-core:ShareCapital 2024-10-31 11002350 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 11002350 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11002350 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 11002350 frs-bus:SmallEntities 2023-11-01 2024-10-31 11002350 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 11002350 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 11002350 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 11002350 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-10-31 11002350 frs-bus:Director1 2023-11-01 2024-10-31 11002350 frs-countries:EnglandWales 2023-11-01 2024-10-31 11002350 2022-10-31 11002350 2023-10-31 11002350 2022-11-01 2023-10-31 11002350 frs-core:CurrentFinancialInstruments 2023-10-31 11002350 frs-core:Non-currentFinancialInstruments 2023-10-31 11002350 frs-core:ShareCapital 2023-10-31 11002350 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 11002350 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31
Registered number: 11002350
Adamson Property Investment Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Steve Pye & Co.
Chartered Certified Accountants
Unit 10 Aylsham Business Park
Richard Oakes Road
Aylsham
Norfolk
NR11 6FD
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 11002350
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 600,000 600,000
600,000 600,000
CURRENT ASSETS
Debtors 5 97 828
Investments 6 50,000 50,000
Cash at bank and in hand 17,349 15,008
67,446 65,836
Creditors: Amounts Falling Due Within One Year 7 (446,999 ) (426,703 )
NET CURRENT ASSETS (LIABILITIES) (379,553 ) (360,867 )
TOTAL ASSETS LESS CURRENT LIABILITIES 220,447 239,133
Creditors: Amounts Falling Due After More Than One Year 8 (261,693 ) (283,500 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,779 ) (15,779 )
NET LIABILITIES (57,025 ) (60,146 )
CAPITAL AND RESERVES
Called up share capital 9 4 4
Fair value reserve 10 67,269 67,269
Income Statement (124,298 ) (127,419 )
SHAREHOLDERS' FUNDS (57,025) (60,146)
Page 1
Page 2
For the year ending 31 October 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 Income Statement.
On behalf of the board
Mr John Adamson
Director
20 December 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Adamson Property Investment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11002350 . The registered office is 45 Aberdeen Avenue, Cambridge, CB2 8DL.  
The presentation currency of the financial statements is the Pound Sterling (£).
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. Significant judgements and estimations
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources.  The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant.  Actual results may differ from these estimates.  The estimates and underliyng assumptions are reviewed on an ongoing basis.  Revisions to accounting estimates are recognised in the period to which the estimate is revised if the revision affects only that period or in the period of revision and future periods if the revision affects both current and future periods.  The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are the depreciation charges that are calculated with reference to the useful economic life of fixed assets.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes rents received during the year.
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 income statement.
2.5. Financial Instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.
a) Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.
b) Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.
c) Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
d) Trade and other creditors
...CONTINUED
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2.5. Financial Instruments - continued
Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. 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 case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.6. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 November 2023 and 31 October 2024 600,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 516,952 516,952
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 97 828
Page 4
Page 5
6. Current Asset Investments
2024 2023
£ £
Other investments, held for sale 50,000 50,000
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 446,999 426,703
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 261,693 283,500
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
10. Reserves
Fair Value Reserve
£
As at 1 November 2023 67,269
As at 31 October 2024 67,269
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