Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 SC253762 Ms Carol Smith Mr Raymond Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC253762 2023-05-31 SC253762 2024-05-31 SC253762 2023-06-01 2024-05-31 SC253762 frs-core:CurrentFinancialInstruments 2024-05-31 SC253762 frs-core:InvestmentPropertyIncludedWithinPPE 2024-05-31 SC253762 frs-core:InvestmentPropertyIncludedWithinPPE 2023-05-31 SC253762 frs-core:ShareCapital 2024-05-31 SC253762 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 SC253762 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC253762 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 SC253762 frs-bus:SmallEntities 2023-06-01 2024-05-31 SC253762 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC253762 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 SC253762 frs-bus:Director1 2023-06-01 2024-05-31 SC253762 frs-bus:Director2 2023-06-01 2024-05-31 SC253762 frs-countries:Scotland 2023-06-01 2024-05-31 SC253762 2022-05-31 SC253762 2023-05-31 SC253762 2022-06-01 2023-05-31 SC253762 frs-core:CurrentFinancialInstruments 2023-05-31 SC253762 frs-core:ShareCapital 2023-05-31 SC253762 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: SC253762
SMT Properties Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
D Napier Accountancy
ACCA
Office 2, 30/2 Eskbank Office Complex
Hardengreen Industrial Estate
Dalkeith
EH22 3NX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC253762
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 152,627 152,627
152,627 152,627
CURRENT ASSETS
Cash at bank and in hand 329 126
329 126
Creditors: Amounts Falling Due Within One Year 5 (61,116 ) (60,416 )
NET CURRENT ASSETS (LIABILITIES) (60,787 ) (60,290 )
TOTAL ASSETS LESS CURRENT LIABILITIES 91,840 92,337
NET ASSETS 91,840 92,337
CAPITAL AND RESERVES
Called up share capital 6 105 105
Profit and Loss Account 91,735 92,232
SHAREHOLDERS' FUNDS 91,840 92,337
Page 1
Page 2
For the year ending 31 May 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 Raymond Smith
Director
12th 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
SMT Properties Limited is a private company, limited by shares, incorporated in Scotland, registered number SC253762 . The registered office is Office 2, 30/2 Eskbank Office Complex, Hardengreen Industrial Estate, Dalkeith , Midlothian, EH22 3NX.
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:
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 year was: NIL (2023: NIL)
- -
4. Tangible Assets
Investment Properties
£
Cost
As at 1 June 2023 152,627
As at 31 May 2024 152,627
Net Book Value
As at 31 May 2024 152,627
As at 1 June 2023 152,627
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Directors' loan accounts 61,116 60,416
Page 3
Page 4
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 105 105
Page 4