Acorah Software Products - Accounts Production 16.0.110 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10127872 Mr John Bonnar Mrs Jill Davies-Bonnar J N Bonnar and J Davies-Bonnar true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10127872 2023-04-30 10127872 2024-04-30 10127872 2023-05-01 2024-04-30 10127872 frs-core:CurrentFinancialInstruments 2024-04-30 10127872 frs-core:Non-currentFinancialInstruments 2024-04-30 10127872 frs-core:ComputerEquipment 2024-04-30 10127872 frs-core:ComputerEquipment 2023-05-01 2024-04-30 10127872 frs-core:ComputerEquipment 2023-04-30 10127872 frs-core:FurnitureFittings 2024-04-30 10127872 frs-core:FurnitureFittings 2023-05-01 2024-04-30 10127872 frs-core:FurnitureFittings 2023-04-30 10127872 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 10127872 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10127872 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 10127872 frs-core:RevaluationReserve 2024-04-30 10127872 frs-core:ShareCapital 2024-04-30 10127872 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10127872 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10127872 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10127872 frs-bus:SmallEntities 2023-05-01 2024-04-30 10127872 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10127872 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10127872 1 2023-05-01 2024-04-30 10127872 frs-bus:Director1 2023-05-01 2024-04-30 10127872 frs-bus:Director2 2023-05-01 2024-04-30 10127872 frs-countries:EnglandWales 2023-05-01 2024-04-30 10127872 2022-04-30 10127872 2023-04-30 10127872 2022-05-01 2023-04-30 10127872 frs-core:CurrentFinancialInstruments 2023-04-30 10127872 frs-core:Non-currentFinancialInstruments 2023-04-30 10127872 frs-core:RevaluationReserve 2023-04-30 10127872 frs-core:ShareCapital 2023-04-30 10127872 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 10127872
Meta Property Management Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Xeinadin South Wales & West Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10127872
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,095,031 728,704
1,095,031 728,704
CURRENT ASSETS
Cash at bank and in hand 4,382 9,174
4,382 9,174
Creditors: Amounts Falling Due Within One Year 5 (288,541 ) (294,073 )
NET CURRENT ASSETS (LIABILITIES) (284,159 ) (284,899 )
TOTAL ASSETS LESS CURRENT LIABILITIES 810,872 443,805
Creditors: Amounts Falling Due After More Than One Year 6 (530,554 ) (530,708 )
NET ASSETS/(LIABILITIES) 280,318 (86,903 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 353,937 77,017
Profit and Loss Account (73,719 ) (164,020 )
SHAREHOLDERS' FUNDS 280,318 (86,903)
Page 1
Page 2
For the year ending 30 April 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 John Bonnar
Director
27/01/2025
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
Meta Property Management Limited Registered number 10127872 is a limited by shares company incorporated in England & Wales. The Registered Office is Celtic House Caxton Place, Pentwyn, Cardiff, South Glamorgan, CF23 8HA.
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
At the balance sheet date, the company's current liabilities exceeded its current assets. The majority of the current liabilities is the loan from the directors. The company has received assurance from the directors that they will continue to give financial support to the company for twelve months from the date of signing these financial statements if necessary. On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, excluding trade discounts.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 No depreciation
Fixtures & Fittings 25% Reducing balance
Computer Equipment 33% Straight line
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 May 2023 809,441 20,364 1,149 830,954
Revaluation 276,920 - - 276,920
As at 30 April 2024 1,086,361 20,364 1,149 1,107,874
Depreciation
As at 1 May 2023 92,258 8,843 1,149 102,250
Provided during the period (92,258 ) 2,851 - (89,407 )
As at 30 April 2024 - 11,694 1,149 12,843
...CONTINUED
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Page 4
Net Book Value
As at 30 April 2024 1,086,361 8,670 - 1,095,031
As at 1 May 2023 717,183 11,521 - 728,704
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 21,784 21,784
Other creditors - 7,589
Accrued expenses 1,200 -
Directors' loan accounts 265,557 264,700
288,541 294,073
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 530,554 530,708
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
As at the balance sheet date, the company owed the directors £265,557 (2023: £264,700).
9. Ultimate Controlling Party
The company's ultimate controlling party is J N Bonnar and J Davies-Bonnar by virtue of their ownership of 100% of the issued share capital in the company.
Page 4