Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 11938574 Mr Dicway Tong iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11938574 2023-04-30 11938574 2024-04-30 11938574 2023-05-01 2024-04-30 11938574 frs-core:CurrentFinancialInstruments 2024-04-30 11938574 frs-core:Non-currentFinancialInstruments 2024-04-30 11938574 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-30 11938574 frs-core:InvestmentPropertyIncludedWithinPPE 2023-05-01 2024-04-30 11938574 frs-core:InvestmentPropertyIncludedWithinPPE 2023-04-30 11938574 frs-core:OtherReservesSubtotal 2024-04-30 11938574 frs-core:ShareCapital 2024-04-30 11938574 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 11938574 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11938574 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 11938574 frs-bus:SmallEntities 2023-05-01 2024-04-30 11938574 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11938574 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11938574 frs-bus:Director1 2023-05-01 2024-04-30 11938574 frs-countries:EnglandWales 2023-05-01 2024-04-30 11938574 2022-04-30 11938574 2023-04-30 11938574 2022-05-01 2023-04-30 11938574 frs-core:CurrentFinancialInstruments 2023-04-30 11938574 frs-core:Non-currentFinancialInstruments 2023-04-30 11938574 frs-core:OtherReservesSubtotal 2023-04-30 11938574 frs-core:ShareCapital 2023-04-30 11938574 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 11938574
Cadence Properties Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11938574
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 423,000 420,000
423,000 420,000
CURRENT ASSETS
Debtors 5 4,198 3,777
Cash at bank and in hand 30,015 21,593
34,213 25,370
Creditors: Amounts Falling Due Within One Year 6 (395 ) (395 )
NET CURRENT ASSETS (LIABILITIES) 33,818 24,975
TOTAL ASSETS LESS CURRENT LIABILITIES 456,818 444,975
Creditors: Amounts Falling Due After More Than One Year 7 (348,333 ) (345,883 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,185 ) (9,025 )
NET ASSETS 97,300 90,067
CAPITAL AND RESERVES
Called up share capital 9 100 100
Other reserves 59,753 59,753
Profit and Loss Account 37,447 30,214
SHAREHOLDERS' FUNDS 97,300 90,067
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Dicway Tong
Director
02/01/2025
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
Cadence Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11938574 . The registered office is 1 Derwent Business Centre, Clarke Street, Derby, DE1 2BU.
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. Investment Properties
Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
Changes in fair value are recognised in the profit and loss account.
2.3. Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2.4. Related Party Transactions
Loans received from connected parties are recognised in the financial statements at the discounted present value using the effective interest rate method.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 May 2023 420,000
Revaluation 3,000
As at 30 April 2024 423,000
Net Book Value
As at 30 April 2024 423,000
As at 1 May 2023 420,000
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,246 1,747
Prepayments and accrued income 1,852 1,930
Other debtors 100 100
4,198 3,777
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 395 395
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 259,023 259,023
Other creditors 89,310 86,860
348,333 345,883
8. Secured Creditors
Of the creditors falling due after more than one year the following amount is secured by a fixed charge over the investment property. The mortgage is interest only with a term of 30 years.
2024 2023
£ £
Bank loans and overdrafts 259,023 259,023
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
At 30th April 2024 Cadence Properties Ltd owed £156,550 (2023 - £148,097) to CRM Code Ltd, a company in which Mr D Tong is a director and shareholder. The loan of £110,000 is subject to an annual interest rate of 1% above the Bank of England base rate and is repayable on 10th March 2040. The loan of £30,000 is subject to an annual interest rate of 0.5% above the Bank of England base rate and is repayable on 2nd September 2041.
Page 4