Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 12210679 Mr Simon Bennett Mr Patrick O'Sullivan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12210679 2023-09-30 12210679 2024-09-30 12210679 2023-10-01 2024-09-30 12210679 frs-core:CurrentFinancialInstruments 2024-09-30 12210679 frs-core:Non-currentFinancialInstruments 2024-09-30 12210679 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 12210679 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12210679 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 12210679 frs-core:RevaluationReserve 2023-09-30 12210679 frs-core:RevaluationReserve 2024-09-30 12210679 frs-core:ShareCapital 2024-09-30 12210679 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 12210679 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12210679 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 12210679 frs-bus:SmallEntities 2023-10-01 2024-09-30 12210679 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12210679 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12210679 frs-bus:Director1 2023-10-01 2024-09-30 12210679 frs-bus:Director2 2023-10-01 2024-09-30 12210679 frs-countries:EnglandWales 2023-10-01 2024-09-30 12210679 2022-09-30 12210679 2023-09-30 12210679 2022-10-01 2023-09-30 12210679 frs-core:CurrentFinancialInstruments 2023-09-30 12210679 frs-core:Non-currentFinancialInstruments 2023-09-30 12210679 frs-core:RevaluationReserve 2023-09-30 12210679 frs-core:ShareCapital 2023-09-30 12210679 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 12210679
Fairnorth Properties Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Oxygen Accountancy
Business Advisors and Taxation Specialists
2 The Coach House
Hatton House, Hatton
Warwick
Warwickshire
CV35 7LD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12210679
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,090,938 1,090,938
1,090,938 1,090,938
CURRENT ASSETS
Debtors 5 - 1,450
Cash at bank and in hand 17,524 21,482
17,524 22,932
Creditors: Amounts Falling Due Within One Year 6 (521,345 ) (131,572 )
NET CURRENT ASSETS (LIABILITIES) (503,821 ) (108,640 )
TOTAL ASSETS LESS CURRENT LIABILITIES 587,117 982,298
Creditors: Amounts Falling Due After More Than One Year 7 (300,902 ) (718,295 )
NET ASSETS 286,215 264,003
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 390,000 390,000
Profit and Loss Account (103,885 ) (126,097 )
SHAREHOLDERS' FUNDS 286,215 264,003
Page 1
Page 2
For the year ending 30 September 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 Simon Bennett
Director
20th January 2025
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
Fairnorth Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12210679 . The registered office is Unit 38 Hawkes Drive, Heathcote Industrial Estate , Warwick, Warwickshire , CV34 6LX.
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:
Freehold No Depreciation charged on Investments
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 October 2023 1,090,938
As at 30 September 2024 1,090,938
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 September 2024 1,090,938
As at 1 October 2023 1,090,938
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 1,450
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 767 767
Bank loans and overdrafts 18,333 28,560
Directors' loan accounts 502,245 102,245
521,345 131,572
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 299,452 318,295
Other creditors 1,450 400,000
300,902 718,295
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation Reserve
£
As at 1 October 2023 390,000
As at 30 September 2024 390,000
Page 4