Acorah Software Products - Accounts Production 16.1.300 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 12488240 Mrs Jacqueline Madigan-Hughes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12488240 2023-02-28 12488240 2024-02-29 12488240 2023-03-01 2024-02-29 12488240 frs-core:CurrentFinancialInstruments 2024-02-29 12488240 frs-core:Non-currentFinancialInstruments 2024-02-29 12488240 frs-core:FurnitureFittings 2024-02-29 12488240 frs-core:FurnitureFittings 2023-03-01 2024-02-29 12488240 frs-core:FurnitureFittings 2023-02-28 12488240 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 12488240 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 12488240 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 12488240 frs-core:ShareCapital 2024-02-29 12488240 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 12488240 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12488240 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 12488240 frs-bus:SmallEntities 2023-03-01 2024-02-29 12488240 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 12488240 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 12488240 frs-bus:Director1 2023-03-01 2024-02-29 12488240 frs-countries:EnglandWales 2023-03-01 2024-02-29 12488240 2022-02-28 12488240 2023-02-28 12488240 2022-03-01 2023-02-28 12488240 frs-core:CurrentFinancialInstruments 2023-02-28 12488240 frs-core:Non-currentFinancialInstruments 2023-02-28 12488240 frs-core:ShareCapital 2023-02-28 12488240 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 12488240
Madigan-Hughes Property Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
The Online Accountant
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12488240
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 434,097 438,932
434,097 438,932
CURRENT ASSETS
Investments 5 - 3,427
Cash at bank and in hand 683 2,181
683 5,608
Creditors: Amounts Falling Due Within One Year 6 (489,422 ) (521,316 )
NET CURRENT ASSETS (LIABILITIES) (488,739 ) (515,708 )
TOTAL ASSETS LESS CURRENT LIABILITIES (54,642 ) (76,776 )
Creditors: Amounts Falling Due After More Than One Year 7 (61,200 ) -
NET LIABILITIES (115,842 ) (76,776 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (115,942 ) (76,876 )
SHAREHOLDERS' FUNDS (115,842) (76,776)
Page 1
Page 2
For the year ending 29 February 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 her 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
Mrs Jacqueline Madigan-Hughes
Director
16/02/2025
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Madigan-Hughes Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12488240 . The registered office is Manor House Manor Road, Burton Coggles, Grantham, England, NG33 4JR.
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 No policy
Fixtures & Fittings 25% Straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 March 2023 418,168 25,670 443,838
Additions - 2,009 2,009
As at 29 February 2024 418,168 27,679 445,847
Depreciation
As at 1 March 2023 - 4,906 4,906
Provided during the period - 6,844 6,844
As at 29 February 2024 - 11,750 11,750
Net Book Value
As at 29 February 2024 418,168 15,929 434,097
As at 1 March 2023 418,168 20,764 438,932
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5. Current Asset Investments
2024 2023
£ £
Short term deposits - 3,427
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1 30,065 40,871
Accruals and deferred income 1,680 840
Director's loan account 457,677 479,605
489,422 521,316
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Shawbrook mortgage 61,200 -
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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