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 10801525 Mr Jonathan Grant Mr Robert Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10801525 2023-05-31 10801525 2024-05-31 10801525 2023-06-01 2024-05-31 10801525 frs-core:CurrentFinancialInstruments 2024-05-31 10801525 frs-core:Non-currentFinancialInstruments 2024-05-31 10801525 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-31 10801525 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 10801525 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-31 10801525 frs-core:ShareCapital 2024-05-31 10801525 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10801525 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10801525 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10801525 frs-bus:SmallEntities 2023-06-01 2024-05-31 10801525 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10801525 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10801525 frs-bus:Director1 2023-06-01 2024-05-31 10801525 frs-bus:Director2 2023-06-01 2024-05-31 10801525 1 2023-06-01 2024-05-31 10801525 frs-countries:EnglandWales 2023-06-01 2024-05-31 10801525 2022-05-31 10801525 2023-05-31 10801525 2022-06-01 2023-05-31 10801525 frs-core:CurrentFinancialInstruments 2023-05-31 10801525 frs-core:Non-currentFinancialInstruments 2023-05-31 10801525 frs-core:ShareCapital 2023-05-31 10801525 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 10801525 1 2022-06-01 2023-05-31
Registered number: 10801525
Grant Smith Property Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10801525
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 252,954 252,954
252,954 252,954
CURRENT ASSETS
Debtors 4 100 100
Cash at bank and in hand 1,791 2,550
1,891 2,650
Creditors: Amounts Falling Due Within One Year 5 (73,659 ) (73,294 )
NET CURRENT ASSETS (LIABILITIES) (71,768 ) (70,644 )
TOTAL ASSETS LESS CURRENT LIABILITIES 181,186 182,310
Creditors: Amounts Falling Due After More Than One Year 6 (122,195 ) (131,761 )
NET ASSETS 58,991 50,549
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 58,891 50,449
SHAREHOLDERS' FUNDS 58,991 50,549
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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 Jonathan Grant
Director
14 February 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover is measured at the fair value of the consideration received, net of discounts and value added taxes. Turnover is recognised at the point of invoice.
1.3. 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:
Land and buildings Not depreciated
1.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. 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.
Current 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
Deferred tax has not been recognised as it is not material to the financial statements. The directors will review this annually.
1.5. Investment Properties
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Investment properties whose fair value cannot be measured reliably without undue cost or effort on an on-going basis are included in plant, property and equipment at cost less accumulated depreciation and accumulated impairment losses.
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2. Average Number of Employees
2024 2023
Average number of employees, including directors, during the year 2 2
2 2
3. Tangible Assets
Land & Property
Land and buildings
£
Cost
As at 1 June 2023 252,954
As at 31 May 2024 252,954
Net Book Value
As at 31 May 2024 252,954
As at 1 June 2023 252,954
4. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 100 100
100 100
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9 9
Bank loans and overdrafts 9,572 9,196
Amounts owed to group undertakings 60,270 60,270
Taxation and social security 3,808 3,819
73,659 73,294
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 122,195 131,761
122,195 131,761
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7. Related Party Transactions
The total amount owed from a group undertaking at the year end is £100 (2023 : £100) 
The total amount owed to a group undertaking at the year end is £60,270 (2023 : £60,270)
8. General Information
Grant Smith Property Ltd is a private company, limited by shares, incorporated in England & Wales, the registered number is 10801525 . The registered office is 5 St George's Business Centre, St George's Square, Portsmouth, Hampshire, England, PO1 3EY.
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