Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10099151 Mr Christopher Cullen Mr Michael Oliver Mr Andrew Oliver iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10099151 2023-04-30 10099151 2024-04-30 10099151 2023-05-01 2024-04-30 10099151 frs-core:CurrentFinancialInstruments 2024-04-30 10099151 frs-core:ShareCapital 2024-04-30 10099151 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10099151 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10099151 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10099151 frs-bus:SmallEntities 2023-05-01 2024-04-30 10099151 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10099151 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10099151 frs-bus:Director1 2023-05-01 2024-04-30 10099151 frs-bus:Director2 2023-05-01 2024-04-30 10099151 frs-bus:Director3 2023-05-01 2024-04-30 10099151 frs-countries:EnglandWales 2023-05-01 2024-04-30 10099151 2022-04-30 10099151 2023-04-30 10099151 2022-05-01 2023-04-30 10099151 frs-core:CurrentFinancialInstruments 2023-04-30 10099151 frs-core:ShareCapital 2023-04-30 10099151 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 10099151
Yarty Properties Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
HAP Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10099151
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 650,000 572,883
650,000 572,883
CURRENT ASSETS
Debtors 5 6,820 8,464
Cash at bank and in hand 137,241 86,526
144,061 94,990
Creditors: Amounts Falling Due Within One Year 6 (584,464 ) (552,398 )
NET CURRENT ASSETS (LIABILITIES) (440,403 ) (457,408 )
TOTAL ASSETS LESS CURRENT LIABILITIES 209,597 115,475
PROVISIONS FOR LIABILITIES
Deferred Taxation (14,652 ) -
NET ASSETS 194,945 115,475
CAPITAL AND RESERVES
Called up share capital 7 101 101
Profit and Loss Account 194,844 115,374
SHAREHOLDERS' FUNDS 194,945 115,475
Page 1
Page 2
For the year ending 30 April 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 Christopher Cullen
Director
20 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
Yarty Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10099151 . The registered office is The Manor House, 143 High Street, Honiton, Devon, EX14 1LJ.
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. 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.
2.3. 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 year 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 asset reflects 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 year was: 2 (2023: NIL)
2 -
4. Investment Property
2024
£
Fair Value
As at 1 May 2023 572,883
Revaluations 77,117
As at 30 April 2024 650,000
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,774 7,258
Prepayments and accrued income 463 623
Other debtors 583 583
6,820 8,464
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,424 4,104
Corporation tax 4,430 -
Other taxes and social security 853 -
Other creditors 540,711 537,845
Accruals and deferred income 36,046 10,449
584,464 552,398
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
Page 4