Acorah Software Products - Accounts Production 16.0.110 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 07712560 Mr Paul Formby Mrs Carmen Formby iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07712560 2023-07-31 07712560 2024-07-31 07712560 2023-08-01 2024-07-31 07712560 frs-core:CurrentFinancialInstruments 2024-07-31 07712560 frs-core:InvestmentPropertyIncludedWithinPPE 2024-07-31 07712560 frs-core:InvestmentPropertyIncludedWithinPPE 2023-08-01 2024-07-31 07712560 frs-core:InvestmentPropertyIncludedWithinPPE 2023-07-31 07712560 frs-core:PlantMachinery 2024-07-31 07712560 frs-core:PlantMachinery 2023-08-01 2024-07-31 07712560 frs-core:PlantMachinery 2023-07-31 07712560 frs-core:RevaluationReserve 2023-07-31 07712560 frs-core:RevaluationReserve 2024-07-31 07712560 frs-core:ShareCapital 2024-07-31 07712560 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 07712560 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07712560 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 07712560 frs-bus:SmallEntities 2023-08-01 2024-07-31 07712560 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 07712560 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 07712560 frs-bus:Director1 2023-08-01 2024-07-31 07712560 frs-bus:Director2 2023-08-01 2024-07-31 07712560 frs-countries:EnglandWales 2023-08-01 2024-07-31 07712560 2022-07-31 07712560 2023-07-31 07712560 2022-08-01 2023-07-31 07712560 frs-core:CurrentFinancialInstruments 2023-07-31 07712560 frs-core:RevaluationReserve 2023-07-31 07712560 frs-core:ShareCapital 2023-07-31 07712560 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 07712560
Central & Commercial Property Investments Limited
Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07712560
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,010,022 2,500,000
2,010,022 2,500,000
CURRENT ASSETS
Debtors 5 1,358 3,099
Investments 6 430,059 106,026
Cash at bank and in hand 70,505 37,577
501,922 146,702
Creditors: Amounts Falling Due Within One Year 7 (31,235 ) (106,672 )
NET CURRENT ASSETS (LIABILITIES) 470,687 40,030
TOTAL ASSETS LESS CURRENT LIABILITIES 2,480,709 2,540,030
NET ASSETS 2,480,709 2,540,030
CAPITAL AND RESERVES
Called up share capital 8 15,504 15,504
Revaluation reserve 9 - 467,956
Profit and Loss Account 2,465,205 2,056,570
SHAREHOLDERS' FUNDS 2,480,709 2,540,030
Page 1
Page 2
For the year ending 31 July 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 Paul Formby
Director
23/12/2024
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
Central & Commercial Property Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07712560 . The registered office is Lodders Solicitors , Number Ten Elm Court,, Arden Street,, Stratford-Upon-Avon,, Warwickshire, CV37 6PA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention. The directors have decided not to adopt the provisions of FRS 102 which would have required both the payment of the £500,000 received in respect of the surrender of the lease at Cranford House and the corresponding and consequential reduction in value of the property arising from the revaluation to vacant possession value to be disclosed in the Profit and Loss account
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;
Plant & Machinery 25% and 10% on cost
At 31 July 2023 the Company’s plant and machinery was fully depreciated. No depreciation has been provided on the additions during 2024 of £10,022.
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from 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 and any movement in property values is charged against   profit and loss account.
2.5. 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 Profit and Loss account 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.
...CONTINUED
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2.5. Taxation - continued
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
The average number of Directors or employees during the year was as follows;  2 (2023: 2)
2 2
4. Tangible Assets
Investment Properties Plant & Machinery Total
£ £ £
Cost or Valuation
As at 1 August 2023 2,500,000 79,052 2,579,052
Additions - 10,022 10,022
Revaluation (500,000 ) - (500,000 )
As at 31 July 2024 2,000,000 89,074 2,089,074
Depreciation
As at 1 August 2023 - 79,052 79,052
As at 31 July 2024 - 79,052 79,052
Net Book Value
As at 31 July 2024 2,000,000 10,022 2,010,022
As at 1 August 2023 2,500,000 - 2,500,000
Investment Properties were valued by the Directors on 31 July 2024 (after taking professional advice) at £2,000,000 (2023 £2,500,000) reflecting the reduction in the value of Cranford House which was vacated by the long term occupational tenant (ABRDN) on 25 March 2024 and remained vacant at the year end undergoing conversion works.
The reduction in value was offset by the receipt of a payment of £500,000 from the tenant in consideration of the early surrender of their lease.
Cost or valuation as at 31 July 2024 represented by:
Investment Properties Plant & Machinery Total
£ £ £
At cost - 89,074 89,074
At valuation 2,000,000 - 2,000,000
2,000,000 89,074 2,089,074
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,358 3,099
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6. Current Asset Investments
2024 2023
£ £
Listed investments 430,059 106,026
A profit of £5,531 was realised from disposals of quoted shareholdings during the year.
The Quoted Investments included at cost of £430,059 in Current Assets at 31 July 2024 comprised holdings in 
five listed companies.  The market value of these holdings at 31 July 2024 at bid prices was £469,134.
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,227 9,946
Corporation tax 3,520 30,852
Other taxes and social security. 14,041 10,716
VAT 2,519 12,899
Accruals and deferred income. 9,515 41,845
Directors' loan accounts 413 414
31,235 106,672
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 15,504 15,504
9. Reserves
Revaluation Reserve
£
As at 1 August 2023 467,956
Deficit on revaluation (467,956)
As at 31 July 2024 -
During the year a payment of £500,000 was received in respect of the surrender of the lease on Cranford House held by ABRDN Corporate Services Limited. The lease which was granted for a ten year term in October 2015 was surrendered on 25 March 2024 (so sixteen months early) as the property had become too large for the tenants requirements.  The property has remained empty since the tenant left and its valuation has been reduced by the same amount as the premium received reflecting estimated vacant possession value of £1,500,000 (confirmed by independent professional valuation).
The payment received has been offset against the consequential reduction in valuation as an adjustment to reserves and after taking account of the indexation of the original cost of Cranford House a loss of £37,378.13 is available to offset against any gains that may arise in the future (but not available to offset against trading profits and therefore not included in the calculation of the taxable profit for the financial year. 
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