Acorah Software Products - Accounts Production 16.1.300 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 12936077 Mrs Lindsay Morris Mr Edward Morris Mrs Lindsay Morris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12936077 2023-10-31 12936077 2024-10-31 12936077 2023-11-01 2024-10-31 12936077 frs-core:CurrentFinancialInstruments 2024-10-31 12936077 frs-core:Non-currentFinancialInstruments 2024-10-31 12936077 frs-core:ComputerEquipment 2023-11-01 2024-10-31 12936077 frs-core:ShareCapital 2024-10-31 12936077 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 12936077 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12936077 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 12936077 frs-bus:SmallEntities 2023-11-01 2024-10-31 12936077 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12936077 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12936077 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-11-01 2024-10-31 12936077 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 12936077 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-10-31 12936077 frs-bus:Director1 2023-11-01 2024-10-31 12936077 frs-bus:Director2 2023-11-01 2024-10-31 12936077 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 12936077 frs-countries:EnglandWales 2023-11-01 2024-10-31 12936077 2022-10-31 12936077 2023-10-31 12936077 2022-11-01 2023-10-31 12936077 frs-core:CurrentFinancialInstruments 2023-10-31 12936077 frs-core:Non-currentFinancialInstruments 2023-10-31 12936077 frs-core:ShareCapital 2023-10-31 12936077 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12936077 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31
Registered number: 12936077
Future-proof Property Services Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Trevelyan & Company Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12936077
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 325,000 310,000
325,000 310,000
CURRENT ASSETS
Cash at bank and in hand 4,429 3,978
4,429 3,978
Creditors: Amounts Falling Due Within One Year 5 (4,082 ) (6,551 )
NET CURRENT ASSETS (LIABILITIES) 347 (2,573 )
TOTAL ASSETS LESS CURRENT LIABILITIES 325,347 307,427
Creditors: Amounts Falling Due After More Than One Year 6 (310,728 ) (308,561 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,752 ) -
NET ASSETS/(LIABILITIES) 10,867 (1,134 )
CAPITAL AND RESERVES
Called up share capital 8 200 200
Fair value reserve 9 15,996 4,749
Profit and Loss Account (5,329 ) (6,083 )
SHAREHOLDERS' FUNDS 10,867 (1,134)
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Page 2
For the year ending 31 October 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 Edward Morris
Director
06/03/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Future-proof Property Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12936077 . The registered office is 4 Bond Terrace, Wakefield, West Yorkshire, WF1 2HW.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. Although the company's liabilites exceed it's assets, it is supported by the directors and expects to strengthen the position in future years. 
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.
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:
Computer Equipment 33.33% SL
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 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.
2.6. 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 or deferred tax for the year is recognised in profit or loss, except when they related 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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Page 4
4. Investment Property
2024
£
Fair Value
As at 1 November 2023 310,000
Fair value adjustments 15,000
As at 31 October 2024 325,000
5. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Other creditors 950 950
Accruals and deferred income 1,125 1,094
Directors' loan accounts 2,007 4,507
4,082 6,551
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Bank loans 221,850 221,850
Other creditors 88,878 86,711
310,728 308,561
7. Secured Creditors
Of the creditors the following amounts are secured against the investment property.
2024 2023
as restated
£ £
Bank loans and overdrafts 221,850 221,850
8. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 200 200
9. Reserves
Fair Value Reserve
£
As at 1 November 2023 4,749
Transfer to profit and loss 11,247
As at 31 October 2024 15,996
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Page 5
10. Related Party Transactions
At the year end Future-proof Property Services Limited owed an amount to Future-proof Financial Services Limited of £88,878.39 (2023: £86,710.62). The loan is interest only and was agreed at the outset at 2.5% p.a, there is no security held against this loan. 
Mr E Morris is a director and shareholder of both companies.
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