Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 12506403 Gurtej Gill Jasdeep Gill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12506403 2023-07-31 12506403 2024-07-31 12506403 2023-08-01 2024-07-31 12506403 frs-core:CurrentFinancialInstruments 2024-07-31 12506403 frs-core:Non-currentFinancialInstruments 2024-07-31 12506403 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12506403 frs-core:ShareCapital 2024-07-31 12506403 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 12506403 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12506403 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 12506403 frs-bus:SmallEntities 2023-08-01 2024-07-31 12506403 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12506403 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12506403 frs-bus:Director1 2023-08-01 2024-07-31 12506403 frs-bus:Director2 2023-08-01 2024-07-31 12506403 frs-countries:EnglandWales 2023-08-01 2024-07-31 12506403 2022-07-31 12506403 2023-07-31 12506403 2022-08-01 2023-07-31 12506403 frs-core:CurrentFinancialInstruments 2023-07-31 12506403 frs-core:Non-currentFinancialInstruments 2023-07-31 12506403 frs-core:ShareCapital 2023-07-31 12506403 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 12506403
SPINWOODS HOMES LTD
Unaudited Financial Statements
For The Year Ended 31 July 2024
Nijjer Accountants Ltd
Chartered Accountants
5-7 Station Road
Longfield
Kent
DA3 7QD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12506403
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 397,875 -
397,875 -
CURRENT ASSETS
Debtors 5 9,072 259,603
Cash at bank and in hand 9,346 7,387
18,418 266,990
Creditors: Amounts Falling Due Within One Year 6 (37,146 ) (47,348 )
NET CURRENT ASSETS (LIABILITIES) (18,728 ) 219,642
TOTAL ASSETS LESS CURRENT LIABILITIES 379,147 219,642
Creditors: Amounts Falling Due After More Than One Year 7 (271,366 ) (157,174 )
NET ASSETS 107,781 62,468
CAPITAL AND RESERVES
Called up share capital 8 20 20
Profit and Loss Account 107,761 62,448
SHAREHOLDERS' FUNDS 107,781 62,468
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Page 2
For the year ending 31 July 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
Gurtej Gill
Director
10 December 2024
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
SPINWOODS HOMES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12506403 . The registered office is 5-7 Station Road, Longfield, Kent, England, DA3 7QD.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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 Over 50 Years
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2.6. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.7. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 August 2023 -
Additions 397,875
As at 31 July 2024 397,875
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 244 -
Other debtors 8,828 259,603
9,072 259,603
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,373 26,972
Corporation tax (50 ) (50 )
Other creditors 12,900 12,900
Accruals and deferred income 2,645 2,645
Directors' loan accounts 8,278 4,881
37,146 47,348
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to group undertakings 271,366 157,174
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20 20
9. Related Party Transactions
Included in Debtors is an amount for £8,828 owed by the following companies ,The director, Mr Gurtej Gill is also the director and controlling party of following companies;
Spinney Capital Ltd - Nil (2023 - £99,825)
Spiwnoods Homes Ltd - £8,828 (2023 - £8,828)
Included in Creditors is an amount for £255,489.10 owed to following companies ,The director, Mr Gurtej Gill is also the director and controlling party of following companies;
Spiwnoods Homes Ltd - £141,297.07 (2023 - £184,146.57)
Spinwoods Ltd - £114,192.29 (2023 - Debit £34,500)
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