Acorah Software Products - Accounts Production 16.1.300 false true true 31 August 2022 11 August 2021 false 1 September 2022 31 August 2023 31 August 2023 13560100 Kyle Morrison Mr. Kyle Morrison true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13560100 2022-08-31 13560100 2023-08-31 13560100 2022-09-01 2023-08-31 13560100 frs-core:CurrentFinancialInstruments 2023-08-31 13560100 frs-core:InvestmentPropertyIncludedWithinPPE 2023-08-31 13560100 frs-core:InvestmentPropertyIncludedWithinPPE 2022-09-01 2023-08-31 13560100 frs-core:InvestmentPropertyIncludedWithinPPE 2022-08-31 13560100 frs-core:ShareCapital 2023-08-31 13560100 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 13560100 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 13560100 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 13560100 frs-bus:SmallEntities 2022-09-01 2023-08-31 13560100 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 13560100 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 13560100 1 2022-09-01 2023-08-31 13560100 frs-bus:Director1 2022-09-01 2023-08-31 13560100 frs-countries:EnglandWales 2022-09-01 2023-08-31 13560100 2021-08-10 13560100 2022-08-31 13560100 2021-08-11 2022-08-31 13560100 frs-core:CurrentFinancialInstruments 2022-08-31 13560100 frs-core:ShareCapital 2022-08-31 13560100 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 13560100
Feel At Home Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13560100
31 August 2023 31 August 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 110,000 89,009
110,000 89,009
CURRENT ASSETS
Debtors 5 29,240 -
Cash at bank and in hand 116 95
29,356 95
Creditors: Amounts Falling Due Within One Year 6 (137,995 ) (97,185 )
NET CURRENT ASSETS (LIABILITIES) (108,639 ) (97,090 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,361 (8,081 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,998 ) -
NET LIABILITIES (2,637 ) (8,081 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (2,638 ) (8,082 )
SHAREHOLDERS' FUNDS (2,637) (8,081)
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For the year ending 31 August 2023 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 his 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
Kyle Morrison
Director
30 January 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Feel At Home Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13560100 . The registered office is 33 Mayfield Road, Sanderstead, Surrey, CR2 0BG.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The directors believe that the company would have sufficient resources to continue to trade for foreseeable future.
2.3. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Income from investment properties
Rental income from investment properties leased out under an operating lease is recognised in the income statement on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income over the life of the lease.
Service charge income is recognised as revenue in the period to which it relates.
2.4. Investment Properties
Investment properties, including freehold and long leasehold properties, are those which are held either to earn rental income or for capital appreciation or both. Investment properties include property that is being constructed or developed for future use as an investment property.
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.
Investment properties whose fair value can be measured reliably are measured at fair value, based on the market valuations.
Any surplus or deficit on revaluation is recognised in the income statement as a fair value gains and losses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
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4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 September 2022 89,009
Revaluation 20,991
As at 31 August 2023 110,000
Net Book Value
As at 31 August 2023 110,000
As at 1 September 2022 89,009
The investment properties are valued at 31 August 2023 by directors of the company based on the assessment of available market information and property condition. The directors believe the their valuation would not be materially different from the professional valuation.
5. Debtors
31 August 2023 31 August 2022
£ £
Due within one year
Other debtors 29,240 -
6. Creditors: Amounts Falling Due Within One Year
31 August 2023 31 August 2022
£ £
Accruals and deferred income 150 300
Director's loan account 137,845 96,885
137,995 97,185
7. Share Capital
31 August 2023 31 August 2022
£ £
Allotted, Called up and fully paid 1 1
8. Related Party Transactions
Included in creditors due within one year is an amount of £137,845 (2022:£96,885 ) owed to its director. The amount is interest free and repayable on demand.
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9. Ultimate Controlling Party
The company's ultimate controlling party is Mr. Kyle Morrison by virtue of the ownership of 100% of the issued share capital in the company.
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