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 10235014 Mr G J Nutt Mrs N J Nutt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10235014 2023-06-30 10235014 2024-06-30 10235014 2023-07-01 2024-06-30 10235014 frs-core:CurrentFinancialInstruments 2024-06-30 10235014 frs-core:Non-currentFinancialInstruments 2024-06-30 10235014 frs-core:FurnitureFittings 2024-06-30 10235014 frs-core:FurnitureFittings 2023-07-01 2024-06-30 10235014 frs-core:FurnitureFittings 2023-06-30 10235014 frs-core:MotorVehicles 2024-06-30 10235014 frs-core:MotorVehicles 2023-07-01 2024-06-30 10235014 frs-core:MotorVehicles 2023-06-30 10235014 frs-core:ShareCapital 2024-06-30 10235014 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10235014 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10235014 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10235014 frs-bus:SmallEntities 2023-07-01 2024-06-30 10235014 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10235014 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10235014 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-30 10235014 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-06-30 10235014 frs-bus:Director1 2023-07-01 2024-06-30 10235014 frs-bus:Director2 2023-07-01 2024-06-30 10235014 frs-countries:EnglandWales 2023-07-01 2024-06-30 10235014 2022-06-30 10235014 2023-06-30 10235014 2022-07-01 2023-06-30 10235014 frs-core:CurrentFinancialInstruments 2023-06-30 10235014 frs-core:Non-currentFinancialInstruments 2023-06-30 10235014 frs-core:ShareCapital 2023-06-30 10235014 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 10235014 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-30
Registered number: 10235014
T.U. Properties Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10235014
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,326 15,678
Investment Properties 5 311,500 311,500
324,826 327,178
CURRENT ASSETS
Cash at bank and in hand 12,084 16,923
12,084 16,923
Creditors: Amounts Falling Due Within One Year 6 27,308 10,300
NET CURRENT ASSETS (LIABILITIES) 39,392 27,223
TOTAL ASSETS LESS CURRENT LIABILITIES 364,218 354,401
Creditors: Amounts Falling Due After More Than One Year 7 (179,622 ) (177,026 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (23,941 ) (23,941 )
NET ASSETS 160,655 153,434
CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 100,438 100,438
Profit and Loss Account 60,117 52,896
SHAREHOLDERS' FUNDS 160,655 153,434
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 G J Nutt
Director
19th December 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
T.U. Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10235014 . The registered office is Unit C2, The Park Farm Plough Road, Penperlleni, Pontypool, NP4 0AL.
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:
Motor Vehicles 15% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
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 profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 19,500 2,200 21,700
As at 30 June 2024 19,500 2,200 21,700
Depreciation
As at 1 July 2023 5,411 611 6,022
Provided during the period 2,114 238 2,352
As at 30 June 2024 7,525 849 8,374
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 June 2024 11,975 1,351 13,326
As at 1 July 2023 14,089 1,589 15,678
5. Investment Property
2024
£
Fair Value
As at 1 July 2023 and 30 June 2024 311,500
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors (27,661) (10,300)
Taxation and social security 353 -
(27,308 ) (10,300 )
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 112,657 112,825
Other creditors 66,965 64,201
179,622 177,026
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Fair Value Reserve
£
As at 1 July 2023 100,438
As at 30 June 2024 100,438
Page 4