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 11996658 Mrs Dawn Chislett Mr Jeremy Chislett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11996658 2023-05-31 11996658 2024-05-31 11996658 2023-06-01 2024-05-31 11996658 frs-core:CurrentFinancialInstruments 2024-05-31 11996658 frs-core:FurnitureFittings 2024-05-31 11996658 frs-core:FurnitureFittings 2023-06-01 2024-05-31 11996658 frs-core:FurnitureFittings 2023-05-31 11996658 frs-core:ShareCapital 2024-05-31 11996658 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11996658 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11996658 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 11996658 frs-bus:SmallEntities 2023-06-01 2024-05-31 11996658 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11996658 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11996658 frs-bus:Director1 2023-06-01 2024-05-31 11996658 frs-bus:Director2 2023-06-01 2024-05-31 11996658 frs-countries:EnglandWales 2023-06-01 2024-05-31 11996658 2022-05-31 11996658 2023-05-31 11996658 2022-06-01 2023-05-31 11996658 frs-core:CurrentFinancialInstruments 2023-05-31 11996658 frs-core:ShareCapital 2023-05-31 11996658 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 11996658
Woodside Properties Southern Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11996658
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 166 196
Investment Properties 5 100,000 100,000
100,166 100,196
CURRENT ASSETS
Cash at bank and in hand 620 3,126
620 3,126
Creditors: Amounts Falling Due Within One Year 6 (82,450 ) (85,975 )
NET CURRENT ASSETS (LIABILITIES) (81,830 ) (82,849 )
TOTAL ASSETS LESS CURRENT LIABILITIES 18,336 17,347
PROVISIONS FOR LIABILITIES
Deferred Taxation (31 ) (37 )
NET ASSETS 18,305 17,310
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 18,304 17,309
SHAREHOLDERS' FUNDS 18,305 17,310
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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 Jeremy Chislett
Director
14th 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
Woodside Properties Southern Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11996658 . The registered office is 1 Knightwood Crescent Shannon Way, Chandler's Ford, Eastleigh, SO53 4TG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
2.2. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for rental of investment properties.
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:
Fixtures & Fittings 15% reducing balance
2.4. Investment Properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
2.5. 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: NIL (2023: NIL)
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 June 2023 335
As at 31 May 2024 335
Depreciation
As at 1 June 2023 139
Provided during the period 30
As at 31 May 2024 169
Net Book Value
As at 31 May 2024 166
As at 1 June 2023 196
5. Investment Property
2024
£
Fair Value
As at 1 June 2023 and 31 May 2024 100,000
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 239 726
Accruals and deferred income 550 400
Directors' loan accounts 81,661 84,849
82,450 85,975
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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