Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SC296811 Mr Simon Littlejohn Mrs Catriona Cameron Mrs Catriona Cameron iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC296811 2023-12-31 SC296811 2024-12-31 SC296811 2024-01-01 2024-12-31 SC296811 frs-core:CurrentFinancialInstruments 2024-12-31 SC296811 frs-core:Non-currentFinancialInstruments 2024-12-31 SC296811 frs-core:ShareCapital 2024-12-31 SC296811 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC296811 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC296811 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC296811 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC296811 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC296811 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC296811 frs-bus:Director1 2024-01-01 2024-12-31 SC296811 frs-bus:Director2 2024-01-01 2024-12-31 SC296811 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 SC296811 frs-countries:Scotland 2024-01-01 2024-12-31 SC296811 2022-12-31 SC296811 2023-12-31 SC296811 2023-01-01 2023-12-31 SC296811 frs-core:CurrentFinancialInstruments 2023-12-31 SC296811 frs-core:Non-currentFinancialInstruments 2023-12-31 SC296811 frs-core:ShareCapital 2023-12-31 SC296811 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC296811
Church Street Investments (Inverness) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
AMCounting Services Ltd
Unit 7 R F L House
Anderson Street
Dunblane
FK15 9AJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC296811
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 500,000 500,000
500,000 500,000
CURRENT ASSETS
Debtors 5 152,544 151,523
Cash at bank and in hand 32,038 40,493
184,582 192,016
Creditors: Amounts Falling Due Within One Year 6 (180,302 ) (167,927 )
NET CURRENT ASSETS (LIABILITIES) 4,280 24,089
TOTAL ASSETS LESS CURRENT LIABILITIES 504,280 524,089
Creditors: Amounts Falling Due After More Than One Year 7 (56,552 ) (95,276 )
NET ASSETS 447,728 428,813
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 447,628 428,713
SHAREHOLDERS' FUNDS 447,728 428,813
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For the year ending 31 December 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 Simon Littlejohn
Director
2 April 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Church Street Investments (Inverness) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC296811 . The registered office is Unit 7, RFL House, Anderson Street, Dunblane, FK15 9AJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject ti the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view
The financial statements are prepared in stirling (GBP) which is the functional currency of the company. Monetaray amounts in these financial statements are rounded to the nearest £ (GBP).
2.2. 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.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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.
2.4. Financial Instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, nak loans and directors' loans.
Bank Loans are initially measured at the present value of future payments, discounted at a market rate of interest, subsequently at amortised cost using the effective interest method.
Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.
Finacial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of imppairment. If evidence of impairment is found, an impairment loss id recognised in Statement of Income and Retained Earnings.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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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 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.
2.7. Equity Instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transactions costs. 
Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2.8. Judgements and Key Sources of Estimation Uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumpions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimate and underlying assumpions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where revision affects both current and future periods.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 500,000
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,918 8,053
Prepayments and accrued income 1,839 3,683
Other debtors 139,787 139,787
152,544 151,523
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Bank loans and overdrafts 25,750 7,724
Corporation tax 945 4,910
VAT 1,580 2,297
Other creditors 144,240 144,240
Accruals and deferred income 2,286 3,256
Directors' loan accounts 5,500 5,500
180,302 167,927
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 56,552 95,276
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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