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Registered number: 09780907
SCNW Properties Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09780907
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 34,000 51,000
Investment Properties 5 2,150,000 2,150,000
2,184,000 2,201,000
CURRENT ASSETS
Debtors 6 40,000 117,000
Cash at bank and in hand 109,411 29,824
149,411 146,824
Creditors: Amounts Falling Due Within One Year 7 (413,534 ) (427,721 )
NET CURRENT ASSETS (LIABILITIES) (264,123 ) (280,897 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,919,877 1,920,103
Creditors: Amounts Falling Due After More Than One Year 8 (940,793 ) (1,003,041 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (31,250 ) (31,250 )
NET ASSETS 947,834 885,812
CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 474,521 474,521
Profit and Loss Account 473,213 411,191
SHAREHOLDERS' FUNDS 947,834 885,812
Page 1
Page 2
For the year ending 30 September 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 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
Mr Steven Pendergast
Director
17/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SCNW Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09780907 . The registered office is Unit 3 Venture Point Stanney Mill Road, Little Stanney, Chester, CH2 4NE.
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.
The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.
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.
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
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. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Taxation
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 statement of comprehensive income 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 October 2023 85,000
As at 30 September 2024 85,000
Depreciation
As at 1 October 2023 34,000
Provided during the period 17,000
As at 30 September 2024 51,000
Net Book Value
As at 30 September 2024 34,000
As at 1 October 2023 51,000
5. Investment Property
2024
£
Fair Value
As at 1 October 2023 and 30 September 2024 2,150,000
6. Debtors
2024 2023
£ £
Due within one year
Amounts owed by participating interests - 77,000
Other debtors 40,000 40,000
40,000 117,000
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 37,069 46,280
Bank loans and overdrafts 65,000 65,000
Amounts owed to participating interests 150,000 150,000
Other creditors 26,281 26,281
Taxation and social security 135,184 140,160
413,534 427,721
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 940,793 1,003,041
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Page 5
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 37,069 46,280
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Reserves
Fair Value Reserve
£
As at 1 October 2023 474,521
As at 30 September 2024 474,521
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