Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 21 March 2022 false 1 April 2023 31 May 2024 31 May 2024 13993026 Mr Robert Drew Mr Samuel Drew iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13993026 2023-03-31 13993026 2024-05-31 13993026 2023-04-01 2024-05-31 13993026 frs-core:CurrentFinancialInstruments 2024-05-31 13993026 frs-core:Non-currentFinancialInstruments 2024-05-31 13993026 frs-core:ShareCapital 2024-05-31 13993026 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 13993026 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-05-31 13993026 frs-bus:FilletedAccounts 2023-04-01 2024-05-31 13993026 frs-bus:SmallEntities 2023-04-01 2024-05-31 13993026 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-05-31 13993026 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-05-31 13993026 frs-bus:Director1 2023-04-01 2024-05-31 13993026 frs-bus:Director2 2023-04-01 2024-05-31 13993026 frs-countries:EnglandWales 2023-04-01 2024-05-31 13993026 2022-03-20 13993026 2023-03-31 13993026 2022-03-21 2023-03-31 13993026 frs-core:CurrentFinancialInstruments 2023-03-31 13993026 frs-core:Non-currentFinancialInstruments 2023-03-31 13993026 frs-core:ShareCapital 2023-03-31 13993026 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13993026
Daveangelsons Properties Ltd
Unaudited Financial Statements
For the Period 1 April 2023 to 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13993026
31 May 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 353,745 299,243
353,745 299,243
CURRENT ASSETS
Debtors 5 879 56,816
Cash at bank and in hand 10,810 23,111
11,689 79,927
Creditors: Amounts Falling Due Within One Year 6 (61,070 ) (109,420 )
NET CURRENT ASSETS (LIABILITIES) (49,381 ) (29,493 )
TOTAL ASSETS LESS CURRENT LIABILITIES 304,364 269,750
Creditors: Amounts Falling Due After More Than One Year 7 (211,600 ) (259,000 )
NET ASSETS 92,764 10,750
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 91,764 9,750
SHAREHOLDERS' FUNDS 92,764 10,750
Page 1
Page 2
For the period ending 31 May 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 Robert Drew
Director
27/12/2024
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
Daveangelsons Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13993026 . The registered office is Tan House Farm, Blaisdon, Longhope, Gloucestershire, GL17 0AH.
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
Rental income
Turnover represents rents receivable from investment properties net of VAT.
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. 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 profit and loss account.
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. 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 period was: NIL (2023: NIL)
- -
4. Investment Property
31 May 2024
£
Fair Value
As at 1 April 2023 299,243
Additions 3,679
Fair value adjustments 50,823
As at 31 May 2024 353,745
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Page 4
5. Debtors
31 May 2024 31 March 2023
£ £
Due within one year
Amounts owed by participating interests 600 -
Other debtors 279 56,816
879 56,816
6. Creditors: Amounts Falling Due Within One Year
31 May 2024 31 March 2023
£ £
Trade creditors 719 888
Other creditors 49,325 106,125
Taxation and social security 11,026 2,407
61,070 109,420
7. Creditors: Amounts Falling Due After More Than One Year
31 May 2024 31 March 2023
£ £
Other creditors 211,600 259,000
8. Share Capital
31 May 2024 31 March 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4