Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 SC053541 Mrs Elizabeth Warnock Mrs Barbara Brown iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC053541 2023-06-30 SC053541 2024-06-30 SC053541 2023-07-01 2024-06-30 SC053541 frs-core:CurrentFinancialInstruments 2024-06-30 SC053541 frs-core:FurnitureFittings 2024-06-30 SC053541 frs-core:FurnitureFittings 2023-07-01 2024-06-30 SC053541 frs-core:FurnitureFittings 2023-06-30 SC053541 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 SC053541 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC053541 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 SC053541 frs-core:RevaluationReserve 2023-06-30 SC053541 frs-core:RevaluationReserve 2024-06-30 SC053541 frs-core:ShareCapital 2024-06-30 SC053541 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 SC053541 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC053541 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 SC053541 frs-bus:SmallEntities 2023-07-01 2024-06-30 SC053541 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC053541 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC053541 frs-bus:Director1 2023-07-01 2024-06-30 SC053541 frs-bus:Director2 2023-07-01 2024-06-30 SC053541 frs-countries:Scotland 2023-07-01 2024-06-30 SC053541 2022-06-30 SC053541 2023-06-30 SC053541 2022-07-01 2023-06-30 SC053541 frs-core:CurrentFinancialInstruments 2023-06-30 SC053541 frs-core:RevaluationReserve 2023-06-30 SC053541 frs-core:ShareCapital 2023-06-30 SC053541 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: SC053541
Holehouse Property Company Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
J Bruce Andrew & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC053541
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 55,000 55,074
55,000 55,074
CURRENT ASSETS
Cash at bank and in hand 27,292 26,170
27,292 26,170
Creditors: Amounts Falling Due Within One Year 5 (2,054 ) (2,462 )
NET CURRENT ASSETS (LIABILITIES) 25,238 23,708
TOTAL ASSETS LESS CURRENT LIABILITIES 80,238 78,782
NET ASSETS 80,238 78,782
CAPITAL AND RESERVES
Called up share capital 6 100 100
Revaluation reserve 7 24,227 24,227
Profit and Loss Account 55,911 54,455
SHAREHOLDERS' FUNDS 80,238 78,782
Page 1
Page 2
For the year ending 30 June 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
Mrs Barbara Brown
Director
21/03/2025
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
Holehouse Property Company Limited is a private company, limited by shares, incorporated in Scotland, registered number SC053541 . The registered office is 21 Forbes Place, Paisley, PA1 1UT.
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. 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:
Freehold 1% Straight line
Fixtures & Fittings 15% Reducing balance
2.3. 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 year 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 asset reflects 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: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 55,000 1,469 56,469
As at 30 June 2024 55,000 1,469 56,469
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 July 2023 - 1,395 1,395
Provided during the period - 74 74
As at 30 June 2024 - 1,469 1,469
Net Book Value
As at 30 June 2024 55,000 - 55,000
As at 1 July 2023 55,000 74 55,074
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 359 768
Accruals 1,020 1,019
Directors' loan accounts 675 675
2,054 2,462
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Reserves
Revaluation Reserve
£
As at 1 July 2023 24,227
As at 30 June 2024 24,227
Page 4