Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 13974568 Dan Clift Mrs Helen Clift iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13974568 2023-03-31 13974568 2024-03-31 13974568 2023-04-01 2024-03-31 13974568 frs-core:CurrentFinancialInstruments 2024-03-31 13974568 frs-core:Non-currentFinancialInstruments 2024-03-31 13974568 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 13974568 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13974568 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 13974568 frs-core:MotorVehicles 2024-03-31 13974568 frs-core:MotorVehicles 2023-04-01 2024-03-31 13974568 frs-core:MotorVehicles 2023-03-31 13974568 frs-core:ShareCapital 2024-03-31 13974568 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13974568 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13974568 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13974568 frs-bus:SmallEntities 2023-04-01 2024-03-31 13974568 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13974568 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13974568 frs-bus:Director1 2023-04-01 2024-03-31 13974568 frs-bus:Director2 2023-04-01 2024-03-31 13974568 frs-countries:EnglandWales 2023-04-01 2024-03-31 13974568 2022-03-31 13974568 2023-03-31 13974568 2022-04-01 2023-03-31 13974568 frs-core:CurrentFinancialInstruments 2023-03-31 13974568 frs-core:Non-currentFinancialInstruments 2023-03-31 13974568 frs-core:ShareCapital 2023-03-31 13974568 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13974568
HD Clift Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Tax Data Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13974568
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 381,020 338,866
381,020 338,866
CURRENT ASSETS
Cash at bank and in hand 2,798 963
2,798 963
Creditors: Amounts Falling Due Within One Year 5 (157,476 ) (103,531 )
NET CURRENT ASSETS (LIABILITIES) (154,678 ) (102,568 )
TOTAL ASSETS LESS CURRENT LIABILITIES 226,342 236,298
Creditors: Amounts Falling Due After More Than One Year 6 (240,540 ) (242,000 )
NET LIABILITIES (14,198 ) (5,702 )
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (14,200 ) (5,704 )
SHAREHOLDERS' FUNDS (14,198) (5,702)
Page 1
Page 2
For the year ending 31 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
Mrs Helen Clift
Director
31st December 2024
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
HD Clift Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13974568 . The registered office is Willow Tree House, Lingfield Common Road, Lingfield, England, RH7 6BZ.
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
Investment Property
The company owns a property which is located at 246 Broadlands road Swaythling Southhampton (SO17 3AS), which is rented out to students on a short-term basis, typically aligned with academic terms.
The property is classified as an investment property in accordance with accounting standard FRS 102 Section 16, as it is held to earn rental income and for capital appreciation.
Valuation:
The property is stated at cost, and any depreciation/fair value changes are recognised in the financial statements as required by the applicable accounting framework.
Rental Income:
Rental income from the property is recognised on an accruals basis over the term of the tenancy agreements.
Expenses:
Expenses related to the property, including maintenance and utilities where applicable, are charged to the profit and loss account as incurred.
Taxation:
The rental income is subject to corporation tax in line with the company’s taxable profit.
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:
Freehold 0%
Motor Vehicles 25%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 338,866 - 338,866
Additions - 56,205 56,205
As at 31 March 2024 338,866 56,205 395,071
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2023 - - -
Provided during the period - 14,051 14,051
As at 31 March 2024 - 14,051 14,051
Net Book Value
As at 31 March 2024 338,866 42,154 381,020
As at 1 April 2023 338,866 - 338,866
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 157,437 103,531
Taxation and social security 39 -
157,476 103,531
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 240,540 242,000
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4