Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 12358293 Mr A P Abraham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12358293 2022-12-31 12358293 2023-12-31 12358293 2023-01-01 2023-12-31 12358293 frs-core:CurrentFinancialInstruments 2023-12-31 12358293 frs-core:Non-currentFinancialInstruments 2023-12-31 12358293 frs-core:ShareCapital 2023-12-31 12358293 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12358293 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12358293 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 12358293 frs-bus:SmallEntities 2023-01-01 2023-12-31 12358293 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12358293 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12358293 frs-bus:Director1 2023-01-01 2023-12-31 12358293 frs-countries:EnglandWales 2023-01-01 2023-12-31 12358293 2021-12-31 12358293 2022-12-31 12358293 2022-01-01 2022-12-31 12358293 frs-core:CurrentFinancialInstruments 2022-12-31 12358293 frs-core:Non-currentFinancialInstruments 2022-12-31 12358293 frs-core:ShareCapital 2022-12-31 12358293 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 12358293
Dynamic Properties (East Midlands) Ltd
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12358293
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 525,786 525,786
525,786 525,786
CURRENT ASSETS
Cash at bank and in hand 52,465 45,884
52,465 45,884
Creditors: Amounts Falling Due Within One Year 5 (50,226 ) (45,391 )
NET CURRENT ASSETS (LIABILITIES) 2,239 493
TOTAL ASSETS LESS CURRENT LIABILITIES 528,025 526,279
Creditors: Amounts Falling Due After More Than One Year 6 (524,000 ) (524,000 )
NET ASSETS 4,025 2,279
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 3,925 2,179
SHAREHOLDERS' FUNDS 4,025 2,279
Page 1
Page 2
For the year ending 31 December 2023 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 A P Abraham
Director
7 February 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
Dynamic Properties (East Midlands) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12358293 . The registered office is 115 Woodland Road, Stanton, Burton-On-Trent, Staffordshire, DE15 9TJ.
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. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Investment Property
2023
£
Fair Value
As at 1 January 2023 and 31 December 2023 525,786
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5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 456 599
Accruals and deferred income 1,130 1,100
Director's loan account 48,640 43,692
50,226 45,391
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Amounts owed to related parties 524,000 524,000
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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