Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 02347045 Miss C K Ross Mrs S T Jackson Miss C K Ross iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02347045 2023-06-30 02347045 2024-06-30 02347045 2023-07-01 2024-06-30 02347045 frs-core:CurrentFinancialInstruments 2024-06-30 02347045 frs-core:FurnitureFittings 2024-06-30 02347045 frs-core:FurnitureFittings 2023-07-01 2024-06-30 02347045 frs-core:FurnitureFittings 2023-06-30 02347045 frs-core:InvestmentPropertyIncludedWithinPPE 2024-06-30 02347045 frs-core:InvestmentPropertyIncludedWithinPPE 2023-06-30 02347045 frs-core:ShareCapital 2024-06-30 02347045 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 02347045 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02347045 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 02347045 frs-bus:SmallEntities 2023-07-01 2024-06-30 02347045 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02347045 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 02347045 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-30 02347045 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-06-30 02347045 frs-bus:Director1 2023-07-01 2024-06-30 02347045 frs-bus:Director2 2023-07-01 2024-06-30 02347045 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 02347045 frs-countries:EnglandWales 2023-07-01 2024-06-30 02347045 2022-06-30 02347045 2023-06-30 02347045 2022-07-01 2023-06-30 02347045 frs-core:CurrentFinancialInstruments 2023-06-30 02347045 frs-core:ShareCapital 2023-06-30 02347045 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 02347045 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-30
Registered number: 02347045
Nashoak Properties Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Lerica Tax Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02347045
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 600,000 600,000
600,000 600,000
CURRENT ASSETS
Debtors 4 66 62
Cash at bank and in hand 16,875 12,289
16,941 12,351
Creditors: Amounts Falling Due Within One Year 5 (5,045 ) (4,955 )
NET CURRENT ASSETS (LIABILITIES) 11,896 7,396
TOTAL ASSETS LESS CURRENT LIABILITIES 611,896 607,396
PROVISIONS FOR LIABILITIES
Deferred Taxation (81,030 ) (81,030 )
NET ASSETS 530,866 526,366
CAPITAL AND RESERVES
Called up share capital 6 100,000 100,000
Fair value reserve 7 377,968 377,968
Profit and Loss Account 52,898 48,398
SHAREHOLDERS' FUNDS 530,866 526,366
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
Miss C K Ross
Director
15/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover comprises rental income which is recognised on a straight line basis.
1.3. 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:
Fixtures & Fittings Fully depreciated
1.4. 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. Changes in fair value are recognised in the profit and loss account. Revaluation is carried out when the market indicates that there is a material difference between the carrying and market values of the investment properties.
1.5. Taxation
Corporation 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 profit or loss 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 corporation 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.
Corporation 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 corporation and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees during the year was as follows: NIL (2023: NIL)
- -
Page 3
Page 4
3. Tangible Assets
Investment Properties Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 600,000 2,698 602,698
As at 30 June 2024 600,000 2,698 602,698
Depreciation
As at 1 July 2023 - 2,698 2,698
As at 30 June 2024 - 2,698 2,698
Net Book Value
As at 30 June 2024 600,000 - 600,000
As at 1 July 2023 600,000 - 600,000
The investment properties were revalued by the directors at 30 June 2022. The directors consider this valuation to continue to be appropriate. 
4. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 66 62
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 2,932 2,955
Other creditors 2,113 2,000
5,045 4,955
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100,000 100,000
7. Reserves
Fair Value Reserve
£
As at 1 July 2023 377,968
As at 30 June 2024 377,968
Revaluation of investment properties transferred to non-distributable reserves.
Page 4