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 12732156 Mr Michael Nevins Mrs Leanne Nevins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12732156 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-07-31 12732156 2023-07-31 12732156 2024-07-31 12732156 2023-08-01 2024-07-31 12732156 frs-core:CurrentFinancialInstruments 2024-07-31 12732156 frs-core:Non-currentFinancialInstruments 2024-07-31 12732156 frs-core:ShareCapital 2024-07-31 12732156 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 12732156 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12732156 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 12732156 frs-bus:SmallEntities 2023-08-01 2024-07-31 12732156 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12732156 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12732156 frs-bus:Director1 2023-08-01 2024-07-31 12732156 frs-bus:Director2 2023-08-01 2024-07-31 12732156 frs-countries:EnglandWales 2023-08-01 2024-07-31 12732156 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-07-31 12732156 2022-07-31 12732156 2023-07-31 12732156 2022-08-01 2023-07-31 12732156 frs-core:CurrentFinancialInstruments 2023-07-31 12732156 frs-core:Non-currentFinancialInstruments 2023-07-31 12732156 frs-core:ShareCapital 2023-07-31 12732156 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 12732156
Nevinsnest Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Accufy Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12732156
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 343,000 341,000
343,000 341,000
CURRENT ASSETS
Cash at bank and in hand 12,645 10,791
12,645 10,791
Creditors: Amounts Falling Due Within One Year 5 (76,991 ) (79,111 )
NET CURRENT ASSETS (LIABILITIES) (64,346 ) (68,320 )
TOTAL ASSETS LESS CURRENT LIABILITIES 278,654 272,680
Creditors: Amounts Falling Due After More Than One Year 6 (194,950 ) (194,955 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,946 ) (13,566 )
NET ASSETS 69,758 64,159
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 69,757 64,158
SHAREHOLDERS' FUNDS 69,758 64,159
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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
Mr Michael Nevins
Director
21/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Nevinsnest Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12732156 . The registered office is 56 Holly Avenue, Jesmond, Newcastle Upon Tyne, NE2 2QA.
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 represents amounts receivable for rents and services net of VAT and trade discounts. 
2.3. Investment Properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Investment Property
2024
£
Fair Value
As at 1 August 2023 341,000
Revaluations 2,000
As at 31 July 2024 343,000
Investment properties comprise of an amount of £343,000 (2022: £341,000) for which a first charge over the underlying assets has been given to the lenders. The fair value of the investment properties have been arrived at on the basis of a valuation carried out by the directors at the period end. 
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1 )
Corporation tax 1,168 496
Accruals and deferred income 140 200
Directors' loan accounts 75,683 78,416
76,991 79,111
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 194,950 194,955
Bank Loans includes £194,950 (2023: £194,955) secured by way of a fixed first charge over the underlying assets. 
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 194,950 194,955
7. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 194,950 194,955
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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