Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 09590158 Miss C Hunter Mr C Shaw iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09590158 2023-05-31 09590158 2024-05-31 09590158 2023-06-01 2024-05-31 09590158 frs-core:Non-currentFinancialInstruments 2024-05-31 09590158 frs-core:OtherReservesSubtotal 2024-05-31 09590158 frs-core:ShareCapital 2024-05-31 09590158 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 09590158 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09590158 frs-bus:AbridgedAccounts 2023-06-01 2024-05-31 09590158 frs-bus:SmallEntities 2023-06-01 2024-05-31 09590158 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09590158 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09590158 frs-bus:Director1 2023-06-01 2024-05-31 09590158 frs-bus:Director2 2023-06-01 2024-05-31 09590158 frs-countries:EnglandWales 2023-06-01 2024-05-31 09590158 2022-05-31 09590158 2023-05-31 09590158 2022-06-01 2023-05-31 09590158 frs-core:Non-currentFinancialInstruments 2023-05-31 09590158 frs-core:OtherReservesSubtotal 2023-05-31 09590158 frs-core:ShareCapital 2023-05-31 09590158 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 09590158
S.I.S Residential Limited
ABRIDGED Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3
Page 1
Abridged Balance Sheet
Registered number: 09590158
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 260,000 260,000
260,000 260,000
CURRENT ASSETS
Debtors - 411
Cash at bank and in hand 2,276 2,542
2,276 2,953
Creditors: Amounts Falling Due Within One Year (87,880 ) (86,338 )
NET CURRENT ASSETS (LIABILITIES) (85,604 ) (83,385 )
TOTAL ASSETS LESS CURRENT LIABILITIES 174,396 176,615
Creditors: Amounts Falling Due After More Than One Year (150,937 ) (150,937 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,452 ) (10,452 )
NET ASSETS 13,007 15,226
CAPITAL AND RESERVES
Called up share capital 5 100 100
Other reserves 44,559 44,559
Profit and Loss Account (31,652 ) (29,433 )
SHAREHOLDERS' FUNDS 13,007 15,226
Page 1
Page 2
For the year ending 31 May 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 May 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr C Shaw
Director
27/01/2025
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
S.I.S Residential Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09590158 . The registered office is 31 Husum Way , Kidderminster, Worcestershire, DY10 3QJ.
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. The company's turnover is rental income receivable for the period, less any potential provision for bad debts.
2.3. 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
The average number of employees, including directors, during the year was as follows:  1 (2023: 1)
1 1
4. Investment Property
2024
£
Fair Value
As at 1 June 2023 and 31 May 2024 260,000
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
6. Related Party Transactions
At the year end the company owed directors £84,987 (2023 - £84,924).
Page 3