Acorah Software Products - Accounts Production 16.1.300 false true true false 4 August 2023 31 August 2024 31 August 2024 15050414 Debra Louise Collins the director of the company true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15050414 2023-08-03 15050414 2024-08-31 15050414 2023-08-04 2024-08-31 15050414 frs-core:CurrentFinancialInstruments 2024-08-31 15050414 frs-core:Non-currentFinancialInstruments 2024-08-31 15050414 frs-core:InvestmentPropertyIncludedWithinPPE 2024-08-31 15050414 frs-core:InvestmentPropertyIncludedWithinPPE 2023-08-04 2024-08-31 15050414 frs-core:InvestmentPropertyIncludedWithinPPE 2023-08-03 15050414 frs-core:ShareCapital 2024-08-31 15050414 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 15050414 frs-bus:PrivateLimitedCompanyLtd 2023-08-04 2024-08-31 15050414 frs-bus:FilletedAccounts 2023-08-04 2024-08-31 15050414 frs-bus:SmallEntities 2023-08-04 2024-08-31 15050414 frs-bus:AuditExempt-NoAccountantsReport 2023-08-04 2024-08-31 15050414 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-04 2024-08-31 15050414 1 2023-08-04 2024-08-31 15050414 frs-bus:Director1 2023-08-04 2024-08-31 15050414 frs-countries:EnglandWales 2023-08-04 2024-08-31
Registered number: 15050414
Collins Investments Ltd
Unaudited Financial Statements
For the Period 4 August 2023 to 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 15050414
31 August 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 98,000
98,000
CURRENT ASSETS
Cash at bank and in hand 1,737
1,737
Creditors: Amounts Falling Due Within One Year 5 (46,445 )
NET CURRENT ASSETS (LIABILITIES) (44,708 )
TOTAL ASSETS LESS CURRENT LIABILITIES 53,292
Creditors: Amounts Falling Due After More Than One Year 6 (78,176 )
NET LIABILITIES (24,884 )
CAPITAL AND RESERVES
Called up share capital 8 1
Profit and Loss Account (24,885 )
SHAREHOLDERS' FUNDS (24,884)
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For the period ending 31 August 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
Debra Louise Collins
Director
10 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. General Information
Collins Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15050414 . The registered office is 5 Meon Road, Romsey, SO51 5PU.
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 period was: 1
1
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4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 4 August 2023 -
Additions 106,827
Revaluation (8,827 )
As at 31 August 2024 98,000
Net Book Value
As at 31 August 2024 98,000
As at 4 August 2023 -
The investment properties are valued, at balance sheet date, 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. Creditors: Amounts Falling Due Within One Year
31 August 2024
£
Accruals and deferred income 1,080
Director's loan account 45,365
46,445
6. Creditors: Amounts Falling Due After More Than One Year
31 August 2024
£
Bank loans and overdrafts 78,176
7. Secured Creditors
Of the creditors the following amounts are secured.
31 August 2024
£
Bank loans and overdrafts 78,176
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8. Share Capital
31 August 2024
£
Allotted, Called up and fully paid 1
9. Related Party Transactions
Included in creditors due within one year is an amount of £45,365 owed to its director. The amount is interest free and repayable on demand.
10. Ultimate Controlling Party
The company's ultimate controlling party is the director of the company by virtue of the ownership of 100% of the issued share capital in the company.
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