Acorah Software Products - Accounts Production 16.1.300 false true false 12 June 2023 30 June 2024 30 June 2024 14928619 Mr Simon Deeming Ms Elizabeth Thomas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14928619 2023-06-11 14928619 2024-06-30 14928619 2023-06-12 2024-06-30 14928619 frs-core:Non-currentFinancialInstruments 2024-06-30 14928619 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-12 2024-06-30 14928619 frs-core:ShareCapital 2024-06-30 14928619 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 14928619 frs-bus:PrivateLimitedCompanyLtd 2023-06-12 2024-06-30 14928619 frs-bus:FilletedAccounts 2023-06-12 2024-06-30 14928619 frs-bus:SmallEntities 2023-06-12 2024-06-30 14928619 frs-bus:AuditExempt-NoAccountantsReport 2023-06-12 2024-06-30 14928619 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-12 2024-06-30 14928619 frs-bus:Director1 2023-06-12 2024-06-30 14928619 frs-bus:Director2 2023-06-12 2024-06-30 14928619 frs-countries:EnglandWales 2023-06-12 2024-06-30
Registered number: 14928619
Monlam Properties Ltd
Unaudited Financial Statements
For the Period 12 June 2023 to 30 June 2024
The Online Accountant
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14928619
30 June 2024
Notes £ £
FIXED ASSETS
Investment Properties 4 949,887
949,887
CURRENT ASSETS
Cash at bank and in hand 16,914
16,914
Creditors: Amounts Falling Due Within One Year 5 (184,887 )
NET CURRENT ASSETS (LIABILITIES) (167,973 )
TOTAL ASSETS LESS CURRENT LIABILITIES 781,914
Creditors: Amounts Falling Due After More Than One Year 6 (828,777 )
NET LIABILITIES (46,863 )
CAPITAL AND RESERVES
Called up share capital 7 100
Profit and Loss Account (46,963 )
SHAREHOLDERS' FUNDS (46,863)
Page 1
Page 2
For the period 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
Mr Simon Deeming
Director
29/01/2025
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
Monlam Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14928619 . The registered office is East Lodge, Kartway House, Lugwardine, Hereford, HR1 4AE.
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:
Leasehold No depreciation
2.4. 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. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Investment Property
30 June 2024
£
Fair Value
As at 12 June 2023 -
Additions 949,887
As at 30 June 2024 949,887
5. Creditors: Amounts Falling Due Within One Year
30 June 2024
£
Other creditors 184,887
Page 3
Page 4
6. Creditors: Amounts Falling Due After More Than One Year
30 June 2024
£
Bank loans 828,777
7. Share Capital
30 June 2024
£
Allotted, Called up and fully paid 100
Page 4