Acorah Software Products - Accounts Production 16.1.200 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 12425448 Ms Tracy Hudson Mr Adrian Thompson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12425448 2023-01-31 12425448 2024-01-31 12425448 2023-02-01 2024-01-31 12425448 frs-core:CurrentFinancialInstruments 2024-01-31 12425448 frs-core:Non-currentFinancialInstruments 2024-01-31 12425448 frs-core:ShareCapital 2024-01-31 12425448 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 12425448 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12425448 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 12425448 frs-bus:SmallEntities 2023-02-01 2024-01-31 12425448 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12425448 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12425448 frs-bus:OrdinaryShareClass1 2023-02-01 2024-01-31 12425448 frs-bus:OrdinaryShareClass1 2024-01-31 12425448 frs-bus:Director1 2023-02-01 2024-01-31 12425448 frs-bus:Director2 2023-02-01 2024-01-31 12425448 frs-countries:EnglandWales 2023-02-01 2024-01-31 12425448 2022-01-31 12425448 2023-01-31 12425448 2022-02-01 2023-01-31 12425448 frs-core:CurrentFinancialInstruments 2023-01-31 12425448 frs-core:Non-currentFinancialInstruments 2023-01-31 12425448 frs-core:ShareCapital 2023-01-31 12425448 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 12425448 frs-bus:OrdinaryShareClass1 2022-02-01 2023-01-31
Registered number: 12425448
Tath Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
More Group (Accounting) Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12425448
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 227,500 214,462
227,500 214,462
CURRENT ASSETS
Debtors 5 - 1,267
Cash at bank and in hand 151 239
151 1,506
Creditors: Amounts Falling Due Within One Year 6 (113,352 ) (117,019 )
NET CURRENT ASSETS (LIABILITIES) (113,201 ) (115,513 )
TOTAL ASSETS LESS CURRENT LIABILITIES 114,299 98,949
Creditors: Amounts Falling Due After More Than One Year 7 (104,064 ) (104,065 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,259 ) -
NET ASSETS/(LIABILITIES) 6,976 (5,116 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 6,876 (5,216 )
SHAREHOLDERS' FUNDS 6,976 (5,116)
Page 1
Page 2
For the year ending 31 January 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
Ms Tracy Hudson
Director
20/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tath Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12425448 . The registered office is 17 Bigwood Drive, Sutton Coldfield, B75 7PT.
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.
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. 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.
2.4. 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 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.
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: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 February 2023 214,462
Revaluations 13,038
As at 31 January 2024 227,500
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 1,267
- 1,267
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 1,472 1,119
Directors' loan accounts 111,880 115,900
113,352 117,019
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 104,064 104,065
104,064 104,065
The bank loan is Musharka financing for buy to let purchase. Under the loan agreement the bank is holding legal title to the property, which is beneficially owned by the bank and client. The bank is granted a lease to the client for its rent share.The client undertakes to purchase the bank's share by paying the bank the acquisition payment at the end of the lease.
Financial Terms:
Bank's initial share :75.00%
Client's initial share :25.00%
Lease term :20 years
Initial fixed rental rate :3.99% for 60 months
Acquisition payment :Single acquisition payment on final completion
8. Share Capital
2024 2023
Allotted, called up but not fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
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