Acorah Software Products - Accounts Production 14.6.300 false true true 30 March 2023 1 April 2022 false 31 March 2023 30 March 2024 30 March 2024 05297006 Mr M D Edwards Mrs M L Edwards iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05297006 2023-03-30 05297006 2024-03-30 05297006 2023-03-31 2024-03-30 05297006 frs-core:CurrentFinancialInstruments 2024-03-30 05297006 frs-core:Non-currentFinancialInstruments 2024-03-30 05297006 frs-core:PlantMachinery 2024-03-30 05297006 frs-core:PlantMachinery 2023-03-31 2024-03-30 05297006 frs-core:PlantMachinery 2023-03-30 05297006 frs-core:ShareCapital 2024-03-30 05297006 frs-core:RetainedEarningsAccumulatedLosses 2024-03-30 05297006 frs-bus:PrivateLimitedCompanyLtd 2023-03-31 2024-03-30 05297006 frs-bus:FilletedAccounts 2023-03-31 2024-03-30 05297006 frs-bus:SmallEntities 2023-03-31 2024-03-30 05297006 frs-bus:AuditExempt-NoAccountantsReport 2023-03-31 2024-03-30 05297006 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-31 2024-03-30 05297006 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31 2024-03-30 05297006 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-30 05297006 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-30 05297006 frs-bus:Director1 2023-03-31 2024-03-30 05297006 frs-bus:Director2 2023-03-31 2024-03-30 05297006 frs-countries:EnglandWales 2023-03-31 2024-03-30 05297006 2022-03-31 05297006 2023-03-30 05297006 2022-04-01 2023-03-30 05297006 frs-core:CurrentFinancialInstruments 2023-03-30 05297006 frs-core:Non-currentFinancialInstruments 2023-03-30 05297006 frs-core:ShareCapital 2023-03-30 05297006 frs-core:RetainedEarningsAccumulatedLosses 2023-03-30 05297006 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-30
Registered number: 05297006
M D Edwards Developments Limited
Unaudited Financial Statements
For The Year Ended 30 March 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Mr M D Edwards
Mrs M L Edwards
Company Number 05297006
Registered Office Ty Derw
Lime Tree Court
Cardiff Gate Business Park
Cardiff
CF23 8AB
Accountants DW Accountancy Services
Chartered Certified Accountants
Tramshed Tech
Unit 3, Goodsheds Lofts
Hood Road
Barry
CF62 5QT
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Balance Sheet
Registered number: 05297006
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,142 12,678
Investment Properties 5 3,758,193 3,207,353
3,768,335 3,220,031
CURRENT ASSETS
Debtors 6 32,924 32,924
Cash at bank and in hand 51,715 42,786
84,639 75,710
Creditors: Amounts Falling Due Within One Year 7 (174,017 ) (197,044 )
NET CURRENT ASSETS (LIABILITIES) (89,378 ) (121,334 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,678,957 3,098,697
Creditors: Amounts Falling Due After More Than One Year 8 (1,864,785 ) (1,770,417 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (353,384 ) (141,418 )
NET ASSETS 1,460,788 1,186,862
CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair Value Reserve 10 1,403,395 931,816
Profit and Loss Account 57,391 255,044
SHAREHOLDERS' FUNDS 1,460,788 1,186,862
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For the year ending 30 March 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 M D Edwards
Director
13/03/2025
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
M D Edwards Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05297006 . The registered office is Ty Derw, Lime Tree Court, Cardiff Gate Business Park, Cardiff, CF23 8AB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements are prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied, other than where additional disclosure is required to show a true and fair view. The financial statements are prepared under the historical cost convention.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, therefore the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. 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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from the rendering of services is recognised in the period to which it relates.
2.4. 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:
Plant & Machinery 20% reducing balance
2.5. 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 properties, 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.
2.6. Taxation
The income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
The average number of employees, including directors, during the year was as follows: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery etc.
£
Cost or Valuation
As at 31 March 2023 35,997
As at 30 March 2024 35,997
Depreciation
As at 31 March 2023 23,319
Provided during the period 2,536
As at 30 March 2024 25,855
Net Book Value
As at 30 March 2024 10,142
As at 31 March 2023 12,678
5. Investment Property
2024
£
Fair Value
As at 31 March 2023 3,207,353
Additions 79,261
Revaluations 471,579
As at 30 March 2024 3,758,193
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 32,924 32,924
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 3,583 2,253
Other creditors 170,434 194,791
174,017 197,044
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,864,785 1,770,417
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Reserves
Fair Value Reserve
£
As at 31 March 2023 931,816
Revaluation reserve - transfer to/from profit and loss 471,579
As at 30 March 2024 1,403,395
11. Related Party Transactions
As at 30 March 2024, the balance owed by the company to the director, Mr M D Edwards, was £162,273 (2023: £182,154). This balance is disclosed within other creditors - see note 7.
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