Acorah Software Products - Accounts Production 16.1.300 false true 30 November 2023 3 November 2022 false 1 December 2023 30 November 2024 30 November 2024 14461101 J J Edwards iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14461101 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-11-30 14461101 2023-11-30 14461101 2024-11-30 14461101 2023-12-01 2024-11-30 14461101 frs-core:CurrentFinancialInstruments 2024-11-30 14461101 frs-core:Non-currentFinancialInstruments 2024-11-30 14461101 frs-core:ShareCapital 2024-11-30 14461101 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 14461101 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 14461101 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 14461101 frs-bus:SmallEntities 2023-12-01 2024-11-30 14461101 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 14461101 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 14461101 frs-bus:Director1 2023-12-01 2024-11-30 14461101 frs-countries:EnglandWales 2023-12-01 2024-11-30 14461101 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-11-30 14461101 2022-11-02 14461101 2023-11-30 14461101 2022-11-03 2023-11-30 14461101 frs-core:CurrentFinancialInstruments 2023-11-30 14461101 frs-core:Non-currentFinancialInstruments 2023-11-30 14461101 frs-core:ShareCapital 2023-11-30 14461101 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 14461101
DH11 Property Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14461101
30 November 2024 30 November 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 399,000 226,000
399,000 226,000
CURRENT ASSETS
Debtors 5 635 747
Cash at bank and in hand 2,209 1,725
2,844 2,472
Creditors: Amounts Falling Due Within One Year 6 (160,510 ) (95,351 )
NET CURRENT ASSETS (LIABILITIES) (157,666 ) (92,879 )
TOTAL ASSETS LESS CURRENT LIABILITIES 241,334 133,121
Creditors: Amounts Falling Due After More Than One Year 7 (207,955 ) (102,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (19,732 ) (12,288 )
NET ASSETS 13,647 18,833
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 13,547 18,733
SHAREHOLDERS' FUNDS 13,647 18,833
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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 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
J J Edwards
Director
24th January 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
DH11 Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14461101 . The registered office is 11 Home Drive, Middleton, Manchester, M24 1NB.
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. 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: 1 (2023: 1)
1 1
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4. Investment Property
30 November 2024
£
Fair Value
As at 1 December 2023 226,000
Additions 143,226
Revaluations 29,774
As at 30 November 2024 399,000
5. Debtors
30 November 2024 30 November 2023
£ £
Due within one year
Prepayments and accrued income 635 747
635 747
6. Creditors: Amounts Falling Due Within One Year
30 November 2024 30 November 2023
£ £
Trade creditors 1,280 621
Accruals and deferred income 1,530 1,320
Director's loan account 157,700 93,410
160,510 95,351
7. Creditors: Amounts Falling Due After More Than One Year
30 November 2024 30 November 2023
£ £
Bank loans 207,955 102,000
207,955 102,000
Amounts falling due in more than five years, repayable otherwise than by instalments
30 November 2024 30 November 2023
£ £
Bank loans 207,955 102,000
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured by fixed charges over the investment properties of the company:
30 November 2024 30 November 2023
£ £
Bank loans and overdrafts 207,955 102,000
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9. Share Capital
30 November 2024 30 November 2023
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Included within the Profit and Loss Account is £59,195 of non-distributable reserves (2023: £36,864).
11. Related Party Transactions
The Directors' loan accounts represent amounts due to the director, J J Edwards. The loan is unsecured and interest free, with no fixed terms for repayment.
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