Acorah Software Products - Accounts Production 16.1.300 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 05297724 Mr John Sidney Fisher Mrs Christine Fisher Mr John Sidney Fisher iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05297724 2023-11-30 05297724 2024-11-30 05297724 2023-12-01 2024-11-30 05297724 frs-core:CurrentFinancialInstruments 2024-11-30 05297724 frs-core:Non-currentFinancialInstruments 2024-11-30 05297724 frs-core:InvestmentPropertyIncludedWithinPPE 2024-11-30 05297724 frs-core:InvestmentPropertyIncludedWithinPPE 2023-11-30 05297724 frs-core:ShareCapital 2024-11-30 05297724 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 05297724 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 05297724 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 05297724 frs-bus:SmallEntities 2023-12-01 2024-11-30 05297724 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 05297724 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 05297724 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-11-30 05297724 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-11-30 05297724 frs-bus:Director1 2023-12-01 2024-11-30 05297724 frs-bus:Director2 2023-12-01 2024-11-30 05297724 frs-bus:CompanySecretary1 2023-12-01 2024-11-30 05297724 frs-countries:EnglandWales 2023-12-01 2024-11-30 05297724 2022-11-30 05297724 2023-11-30 05297724 2022-12-01 2023-11-30 05297724 frs-core:CurrentFinancialInstruments 2023-11-30 05297724 frs-core:Non-currentFinancialInstruments 2023-11-30 05297724 frs-core:ShareCapital 2023-11-30 05297724 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 05297724 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-11-30
Registered number: 05297724
S.J. & C.A. Fisher Properties Ltd.
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05297724
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,305,000 2,305,000
2,305,000 2,305,000
CURRENT ASSETS
Debtors 5 2,000 1,573
Cash at bank and in hand 83,494 50,320
85,494 51,893
Creditors: Amounts Falling Due Within One Year 6 (485,073 ) (491,036 )
NET CURRENT ASSETS (LIABILITIES) (399,579 ) (439,143 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,905,421 1,865,857
Creditors: Amounts Falling Due After More Than One Year 7 (256,035 ) (286,730 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (218,156 ) (218,156 )
NET ASSETS 1,431,230 1,360,971
CAPITAL AND RESERVES
Called up share capital 9 102 102
Fair value reserve 10 931,460 931,460
Profit and Loss Account 499,668 429,409
SHAREHOLDERS' FUNDS 1,431,230 1,360,971
Page 1
Page 2
For the year ending 30 November 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 John Sidney Fisher
Director
Mrs Christine Fisher
Director
30/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
S.J. & C.A. Fisher Properties Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 05297724 . The registered office is Unit 5, Avenue Business Park , Brockley Road, Elsworth, Cambridge, CB23 4EY.
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. Turnover includes revenue from property rental. Rental income is recognised over the period to which the rental relates.
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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
Page 3
Page 4
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 December 2023 2,305,000
As at 30 November 2024 2,305,000
Net Book Value
As at 30 November 2024 2,305,000
As at 1 December 2023 2,305,000
Cost or valuation as at 30 November 2024 represented by:
Investment Properties
£
At cost 1,155,384
At valuation 1,149,616
2,305,000
The investment properties have been measured at fair value which is the open market value of the properties. The valuations are the Directors' valuations based on market data.
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,000 1,573
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 30,694 28,834
Corporation tax 21,311 16,632
Other creditors 11,465 11,465
Accruals and deferred income 2,295 4,714
Directors' loan accounts 419,308 429,391
485,073 491,036
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 256,035 286,730
Page 4
Page 5
8. Secured Creditors
Of the creditors the following amounts are secured against the Company's investment properties.
2024 2023
£ £
Bank loans and overdrafts 286,729 315,564
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 102 102
10. Reserves
Fair Value Reserve
£
As at 1 December 2023 931,460
As at 30 November 2024 931,460
Page 5