Acorah Software Products - Accounts Production 16.1.200 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 NI681194 Mrs Brenda Farley Mr Ian Farley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI681194 2023-06-30 NI681194 2024-06-30 NI681194 2023-07-01 2024-06-30 NI681194 frs-core:InvestmentPropertyIncludedWithinPPE 2024-06-30 NI681194 frs-core:InvestmentPropertyIncludedWithinPPE 2023-06-30 NI681194 frs-core:RevaluationReserve 2023-06-30 NI681194 frs-core:RevaluationReserve 2024-06-30 NI681194 frs-core:ShareCapital 2024-06-30 NI681194 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 NI681194 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 NI681194 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 NI681194 frs-bus:SmallEntities 2023-07-01 2024-06-30 NI681194 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 NI681194 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 NI681194 frs-bus:Director1 2023-07-01 2024-06-30 NI681194 frs-bus:Director2 2023-07-01 2024-06-30 NI681194 frs-countries:NorthernIreland 2023-07-01 2024-06-30 NI681194 2022-06-30 NI681194 2023-06-30 NI681194 2022-07-01 2023-06-30 NI681194 frs-core:RevaluationReserve 2023-06-30 NI681194 frs-core:ShareCapital 2023-06-30 NI681194 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
MAFT Lettings Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: NI681194
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 651,071 651,071
651,071 651,071
CURRENT ASSETS
Debtors 3,803 3,633
Cash at bank and in hand 1,388 7,861
5,191 11,494
Creditors: Amounts Falling Due Within One Year (576,041 ) (610,075 )
NET CURRENT ASSETS (LIABILITIES) (570,850 ) (598,581 )
TOTAL ASSETS LESS CURRENT LIABILITIES 80,221 52,490
NET ASSETS 80,221 52,490
CAPITAL AND RESERVES
Called up share capital 5 24 24
Revaluation reserve 6 52,873 52,873
Profit and Loss Account 27,324 (407 )
SHAREHOLDERS' FUNDS 80,221 52,490
Page 1
Page 2
For the year ending 30 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
Mr Ian Farley
Director
27/07/2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MAFT Lettings Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI681194 . The registered office is 47 Ballyhenry Road, Comber, Newtownards, County Down, BT23 5JZ.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.3. 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. 
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Investment Properties
£
Cost
As at 1 July 2023 651,071
As at 30 June 2024 651,071
Net Book Value
As at 30 June 2024 651,071
As at 1 July 2023 651,071
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 24 24
6. Reserves
Revaluation Reserve
£
As at 1 July 2023 52,873
As at 30 June 2024 52,873
Page 3