Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11251461 Mrs Rupinder Mahil Mr Barry Davies iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11251461 2023-03-31 11251461 2024-03-31 11251461 2023-04-01 2024-03-31 11251461 frs-core:Non-currentFinancialInstruments 2024-03-31 11251461 frs-core:ComputerEquipment 2023-04-01 2024-03-31 11251461 frs-core:PlantMachinery 2023-04-01 2024-03-31 11251461 frs-core:SharePremium 2024-03-31 11251461 frs-core:ShareCapital 2024-03-31 11251461 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11251461 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11251461 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 11251461 frs-bus:SmallEntities 2023-04-01 2024-03-31 11251461 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11251461 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11251461 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31 11251461 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 11251461 frs-bus:Director1 2023-04-01 2024-03-31 11251461 frs-bus:Director1 2023-03-31 11251461 frs-bus:Director1 2024-03-31 11251461 frs-bus:Director2 2023-04-01 2024-03-31 11251461 frs-bus:Director2 2023-03-31 11251461 frs-bus:Director2 2024-03-31 11251461 frs-countries:EnglandWales 2023-04-01 2024-03-31 11251461 2022-03-31 11251461 2023-03-31 11251461 2022-04-01 2023-03-31 11251461 frs-core:Non-currentFinancialInstruments 2023-03-31 11251461 frs-core:SharePremium 2023-03-31 11251461 frs-core:ShareCapital 2023-03-31 11251461 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 11251461 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31
Registered number: 11251461
The Davies & Mahil Property Company Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 11251461
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,292 3,783
Investment Properties 5 12,504,190 11,755,196
12,507,482 11,758,979
CURRENT ASSETS
Debtors 6 1,307,658 950,403
Cash at bank and in hand 483,368 162,503
1,791,026 1,112,906
Creditors: Amounts Falling Due Within One Year (293,868 ) (347,636 )
NET CURRENT ASSETS (LIABILITIES) 1,497,158 765,270
TOTAL ASSETS LESS CURRENT LIABILITIES 14,004,640 12,524,249
Creditors: Amounts Falling Due After More Than One Year (8,766,205 ) (7,344,967 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (652,217 ) (626,191 )
NET ASSETS 4,586,218 4,553,091
CAPITAL AND RESERVES
Called up share capital 7 300 300
Share premium account 2,431,062 2,431,062
Fair value reserve 9 1,977,257 1,864,936
Profit and Loss Account 177,599 256,793
SHAREHOLDERS' FUNDS 4,586,218 4,553,091
Page 1
Page 2
For the year ending 31 March 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Rupinder Mahil
Director
Mr Barry Davies
Director
14/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
The Davies & Mahil Property Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11251461 . The registered office is Bracken Hill House, North Road, Leigh Woods, Bristol, BS8 3PL.
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
Letting of rental property

Turnover from rental property comprises of income earned from letting property. Rents and service charges from lettings are recognised net of losses from voids. Income is recognised from the date the property is first let.
Other trading income
Turnover from other trading activities are measured at the fair value of the consideration received or receivable, net of discounts.
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:
Plant & Machinery 20% Straight Line
Computer Equipment 20% Straight Line
2.4. Investment Properties
All investment properties are carried at fair value determined annually. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are measured at amortised cost using the effective interest method.
2.6. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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Page 4
3. Average Number of Employees
The average number of employees, including directors, during the year was 2 (2023: 2)
2 2
4. Tangible Assets
Total
£
Cost
As at 1 April 2023 11,710
Additions 2,313
As at 31 March 2024 14,023
Depreciation
As at 1 April 2023 7,927
Provided during the period 2,804
As at 31 March 2024 10,731
Net Book Value
As at 31 March 2024 3,292
As at 1 April 2023 3,783
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 11,755,196
Additions 803,994
Disposals (55,000 )
As at 31 March 2024 12,504,190
Investment properties have been included at fair market value as determined by the directors
6. Debtors
2024 2023
£ £
Due after more than one year
Other debtors 786,671 730,571
Included within other debtors falling due after more than one year is a loan to a connected company of the directors amounting to £786,671 (2023: £730,571).
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
Page 4
Page 5
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mrs Rupinder Mahil 33,409 181,873 33,409 - 181,873
Mr Barry Davies 33,145 185,609 33,145 - 185,609
9. Reserves
Fair Value Reserve
£
As at 1 April 2023 1,864,936
Movements in fair value reserve 112,321
As at 31 March 2024 1,977,257
Page 5