Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 06322676 Mr David Kelly Mr Raymonde Athanassiou Dr Michael Clark Mr Timothy Scott Mrs Betty Carter Mrs Margaret Jakes Mr Graham Rogers Mr David Kelly iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06322676 2023-12-31 06322676 2024-12-31 06322676 2024-01-01 2024-12-31 06322676 frs-core:CurrentFinancialInstruments 2024-12-31 06322676 frs-core:FurnitureFittings 2024-12-31 06322676 frs-core:FurnitureFittings 2024-01-01 2024-12-31 06322676 frs-core:FurnitureFittings 2023-12-31 06322676 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 06322676 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06322676 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 06322676 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06322676 frs-bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 06322676 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06322676 frs-bus:SmallEntities 2024-01-01 2024-12-31 06322676 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06322676 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06322676 frs-bus:Director1 2024-01-01 2024-12-31 06322676 frs-bus:Director2 2024-01-01 2024-12-31 06322676 frs-bus:Director3 2024-01-01 2024-12-31 06322676 frs-bus:Director4 2024-01-01 2024-12-31 06322676 frs-bus:Director5 2024-01-01 2024-12-31 06322676 frs-bus:Director6 2024-01-01 2024-12-31 06322676 frs-bus:Director7 2024-01-01 2024-12-31 06322676 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 06322676 frs-countries:EnglandWales 2024-01-01 2024-12-31 06322676 2022-12-31 06322676 2023-12-31 06322676 2023-01-01 2023-12-31 06322676 frs-core:CurrentFinancialInstruments 2023-12-31 06322676 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06322676
Palace Court Cheam Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 06322676
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,793 18,637
25,793 18,637
CURRENT ASSETS
Debtors 5 895 674
Cash at bank and in hand 29,040 40,878
29,935 41,552
Creditors: Amounts Falling Due Within One Year 6 (795 ) (720 )
NET CURRENT ASSETS (LIABILITIES) 29,140 40,832
TOTAL ASSETS LESS CURRENT LIABILITIES 54,933 59,469
NET ASSETS 54,933 59,469
Income and Expenditure Account 54,933 59,469
MEMBERS' FUNDS 54,933 59,469
For the year ending 31 December 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 Income and Expenditure Account.
On behalf of the board
Mr David Kelly
Director
11th February 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Palace Court Cheam Limited is a private company, limited by guaurantee, incorporated in England & Wales, registered number 06322676 . The registered office is 6 Palace Court, 26 The Broadway, Cheam, Sutton, Surrey, SM3 8AZ.
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:
Freehold Nil
Fixtures & Fittings 20%
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2024 18,637 - 18,637
Additions - 8,945 8,945
As at 31 December 2024 18,637 8,945 27,582
Depreciation
As at 1 January 2024 - - -
Provided during the period - 1,789 1,789
As at 31 December 2024 - 1,789 1,789
Net Book Value
As at 31 December 2024 18,637 7,156 25,793
As at 1 January 2024 18,637 - 18,637
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 895 674
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 795 720
Page 3