Acorah Software Products - Accounts Production 16.1.300 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 12419479 Mr T Frampton Mr T Frampton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12419479 2024-01-31 12419479 2025-01-31 12419479 2024-02-01 2025-01-31 12419479 frs-core:CurrentFinancialInstruments 2025-01-31 12419479 frs-core:Non-currentFinancialInstruments 2025-01-31 12419479 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-31 12419479 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 12419479 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 12419479 frs-core:ShareCapital 2025-01-31 12419479 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 12419479 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 12419479 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 12419479 frs-bus:SmallEntities 2024-02-01 2025-01-31 12419479 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 12419479 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 12419479 frs-bus:Director1 2024-02-01 2025-01-31 12419479 frs-bus:CompanySecretary1 2024-02-01 2025-01-31 12419479 frs-countries:EnglandWales 2024-02-01 2025-01-31 12419479 2023-01-31 12419479 2024-01-31 12419479 2023-02-01 2024-01-31 12419479 frs-core:CurrentFinancialInstruments 2024-01-31 12419479 frs-core:Non-currentFinancialInstruments 2024-01-31 12419479 frs-core:ShareCapital 2024-01-31 12419479 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 12419479
Maynetrees Property Limited
Financial Statements
For The Year Ended 31 January 2025
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Company Information
Director Mr T Frampton
Secretary Mr T Frampton
Company Number 12419479
Registered Office 1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Accountants BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Page 1
Page 2
Balance Sheet
Registered number: 12419479
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 849,750 849,750
849,750 849,750
CURRENT ASSETS
Cash at bank and in hand 1,819 2,937
1,819 2,937
Creditors: Amounts Falling Due Within One Year 5 (346,764 ) (329,908 )
NET CURRENT ASSETS (LIABILITIES) (344,945 ) (326,971 )
TOTAL ASSETS LESS CURRENT LIABILITIES 504,805 522,779
Creditors: Amounts Falling Due After More Than One Year 6 (481,058 ) (508,794 )
NET ASSETS 23,747 13,985
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 23,647 13,885
SHAREHOLDERS' FUNDS 23,747 13,985
Page 2
Page 3
For the year ending 31 January 2025 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 T Frampton
Director
13/03/2025
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Maynetrees Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12419479 . The registered office is 1 Beauchamp Court, 10 Victors Way, Barnet, Hertfordshire, EN5 5TZ.
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 0
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 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: NIL (2024: NIL)
- -
Page 4
Page 5
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 February 2024 849,750
As at 31 January 2025 849,750
Net Book Value
As at 31 January 2025 849,750
As at 1 February 2024 849,750
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors (1 ) 1
Other creditors 344,475 327,832
Taxation and social security 2,290 2,075
346,764 329,908
6. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 466,058 483,794
BBL loan 15,000 25,000
481,058 508,794
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5