Acorah Software Products - Accounts Production 16.1.200 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10791563 Mr Adam Lancaster Mr Joshua Stewart iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10791563 2023-05-31 10791563 2024-05-31 10791563 2023-06-01 2024-05-31 10791563 frs-core:CurrentFinancialInstruments 2024-05-31 10791563 frs-core:Non-currentFinancialInstruments 2024-05-31 10791563 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 10791563 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 10791563 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 10791563 frs-core:RevaluationReserve 2023-05-31 10791563 frs-core:RevaluationReserve 2024-05-31 10791563 frs-core:ShareCapital 2024-05-31 10791563 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10791563 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10791563 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10791563 frs-bus:SmallEntities 2023-06-01 2024-05-31 10791563 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10791563 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10791563 frs-bus:Director1 2023-06-01 2024-05-31 10791563 frs-bus:Director2 2023-06-01 2024-05-31 10791563 frs-core:CurrentFinancialInstruments 1 2024-05-31 10791563 frs-core:Non-currentFinancialInstruments 1 2024-05-31 10791563 frs-core:Non-currentFinancialInstruments 2 2024-05-31 10791563 frs-core:CurrentFinancialInstruments 3 2024-05-31 10791563 frs-core:Non-currentFinancialInstruments 4 2024-05-31 10791563 frs-core:Non-currentFinancialInstruments 6 2024-05-31 10791563 frs-countries:EnglandWales 2023-06-01 2024-05-31 10791563 2022-05-31 10791563 2023-05-31 10791563 2022-06-01 2023-05-31 10791563 frs-core:CurrentFinancialInstruments 2023-05-31 10791563 frs-core:Non-currentFinancialInstruments 2023-05-31 10791563 frs-core:RevaluationReserve 2023-05-31 10791563 frs-core:ShareCapital 2023-05-31 10791563 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 10791563 frs-core:CurrentFinancialInstruments 1 2023-05-31 10791563 frs-core:Non-currentFinancialInstruments 1 2023-05-31 10791563 frs-core:Non-currentFinancialInstruments 2 2023-05-31 10791563 frs-core:CurrentFinancialInstruments 3 2023-05-31 10791563 frs-core:Non-currentFinancialInstruments 4 2023-05-31 10791563 frs-core:Non-currentFinancialInstruments 6 2023-05-31
Registered number: 10791563
Channel View Estates Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Hargreaves & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10791563
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,107,457 1,107,457
1,107,457 1,107,457
CURRENT ASSETS
Debtors 5 15,303 13,512
Cash at bank and in hand 11,367 27,735
26,670 41,247
Creditors: Amounts Falling Due Within One Year 6 (348,414 ) (247,902 )
NET CURRENT ASSETS (LIABILITIES) (321,744 ) (206,655 )
TOTAL ASSETS LESS CURRENT LIABILITIES 785,713 900,802
Creditors: Amounts Falling Due After More Than One Year 7 (866,560 ) (856,056 )
NET (LIABILITIES)/ASSETS (80,847 ) 44,746
CAPITAL AND RESERVES
Called up share capital 8 300 300
Revaluation reserve 9 229,000 229,000
Profit and Loss Account (310,147 ) (184,554 )
SHAREHOLDERS' FUNDS (80,847) 44,746
Page 1
Page 2
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 Adam Lancaster
Director
27 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
Channel View Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10791563 . The registered office is 94 Napier Road, Southsea, PO5 2RB.
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 0%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 June 2023 1,107,457
As at 31 May 2024 1,107,457
Net Book Value
As at 31 May 2024 1,107,457
As at 1 June 2023 1,107,457
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 491 -
Other debtors 14,812 13,512
15,303 13,512
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
J Stewart 167,553 129,136
A Lancaster 179,721 117,452
Accrued expenses 1,140 1,314
348,414 247,902
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Precise mortgage 282,535 281,268
Kensington mortgage 301,975 302,038
Paragon mortgage 272,750 272,750
A. Corp Ltd 9,300 -
866,560 856,056
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
9. Reserves
Revaluation Reserve
£
As at 1 June 2023 229,000
As at 31 May 2024 229,000
Page 4