Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11740604 Mr Jake Frew Mrs Sophie Frew iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11740604 2023-12-31 11740604 2024-12-31 11740604 2024-01-01 2024-12-31 11740604 frs-core:CurrentFinancialInstruments 2024-12-31 11740604 frs-core:Non-currentFinancialInstruments 2024-12-31 11740604 frs-core:FurnitureFittings 2024-12-31 11740604 frs-core:FurnitureFittings 2024-01-01 2024-12-31 11740604 frs-core:FurnitureFittings 2023-12-31 11740604 frs-core:MotorVehicles 2024-12-31 11740604 frs-core:MotorVehicles 2024-01-01 2024-12-31 11740604 frs-core:MotorVehicles 2023-12-31 11740604 frs-core:ShareCapital 2024-12-31 11740604 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11740604 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11740604 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11740604 frs-bus:SmallEntities 2024-01-01 2024-12-31 11740604 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11740604 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11740604 frs-bus:Director1 2024-01-01 2024-12-31 11740604 frs-bus:Director2 2024-01-01 2024-12-31 11740604 frs-core:CurrentFinancialInstruments 1 2024-12-31 11740604 frs-countries:EnglandWales 2024-01-01 2024-12-31 11740604 2022-12-31 11740604 2023-12-31 11740604 2023-01-01 2023-12-31 11740604 frs-core:CurrentFinancialInstruments 2023-12-31 11740604 frs-core:Non-currentFinancialInstruments 2023-12-31 11740604 frs-core:ShareCapital 2023-12-31 11740604 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11740604 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 11740604
Frew Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Grant and Co (Accountants) Ltd
Units 4 & 5 Rockfield Business Park
Old Station Drive, Leckhampton
Cheltenham
Gloucestershire
GL53 0AN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11740604
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,109 1,125
Investment Properties 5 1,889,000 1,830,000
1,905,109 1,831,125
CURRENT ASSETS
Debtors 6 - 80,723
Cash at bank and in hand 241,220 6,268
241,220 86,991
Creditors: Amounts Falling Due Within One Year 7 (23,775 ) (4,188 )
NET CURRENT ASSETS (LIABILITIES) 217,445 82,803
TOTAL ASSETS LESS CURRENT LIABILITIES 2,122,554 1,913,928
Creditors: Amounts Falling Due After More Than One Year 8 (1,505,049 ) (1,279,783 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (81,595 ) (81,595 )
NET ASSETS 535,910 552,550
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 535,810 552,450
SHAREHOLDERS' FUNDS 535,910 552,550
Page 1
Page 2
For the year ending 31 December 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 Jake Frew
Director
28/02/2025
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
Frew Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11740604 . The registered office is 2 Gardner Way, Barrow Upon Soar, Loughborough, LE12 8QW.
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:
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 January 2024 - 3,802 3,802
Additions 20,353 - 20,353
As at 31 December 2024 20,353 3,802 24,155
Depreciation
As at 1 January 2024 - 2,677 2,677
Provided during the period 5,088 281 5,369
As at 31 December 2024 5,088 2,958 8,046
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2024 15,265 844 16,109
As at 1 January 2024 - 1,125 1,125
5. Investment Property
2024
£
Fair Value
As at 1 January 2024 1,830,000
Additions 59,000
As at 31 December 2024 1,889,000
6. Debtors
2024 2023
£ £
Due within one year
Directors' loan accounts - 80,723
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net wages 1,347 1,291
Barclaycard (163 ) 1,697
Accruals and deferred income 1,200 1,200
Directors' loan accounts 21,391 -
23,775 4,188
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,272,657 1,047,391
Amounts owed to associates 232,392 232,392
1,505,049 1,279,783
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4