Acorah Software Products - Accounts Production 16.2.850 false true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 01829901 Mr Raymond McKay Mrs Christine McKay iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01829901 2023-07-31 01829901 2024-07-31 01829901 2023-08-01 2024-07-31 01829901 frs-core:CurrentFinancialInstruments 2024-07-31 01829901 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-31 01829901 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 01829901 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 01829901 frs-core:MotorVehicles 2024-07-31 01829901 frs-core:MotorVehicles 2023-08-01 2024-07-31 01829901 frs-core:MotorVehicles 2023-07-31 01829901 frs-core:PlantMachinery 2024-07-31 01829901 frs-core:PlantMachinery 2023-08-01 2024-07-31 01829901 frs-core:PlantMachinery 2023-07-31 01829901 frs-core:ShareCapital 2024-07-31 01829901 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 01829901 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 01829901 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 01829901 frs-bus:SmallEntities 2023-08-01 2024-07-31 01829901 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 01829901 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 01829901 frs-bus:Director1 2023-08-01 2024-07-31 01829901 frs-bus:Director2 2023-08-01 2024-07-31 01829901 frs-countries:EnglandWales 2023-08-01 2024-07-31 01829901 2022-07-31 01829901 2023-07-31 01829901 2022-08-01 2023-07-31 01829901 frs-core:CurrentFinancialInstruments 2023-07-31 01829901 frs-core:ShareCapital 2023-07-31 01829901 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 01829901
Ray McKay Properties Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
E. H. Taylors
203 London Road
Hadleigh
Benfleet
Essex
SS7 2RD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 01829901
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,263 11,325
11,263 11,325
CURRENT ASSETS
Debtors 5 - 237
- 237
Creditors: Amounts Falling Due Within One Year 6 (286,734 ) (288,592 )
NET CURRENT ASSETS (LIABILITIES) (286,734 ) (288,355 )
TOTAL ASSETS LESS CURRENT LIABILITIES (275,471 ) (277,030 )
NET LIABILITIES (275,471 ) (277,030 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (275,571 ) (277,130 )
SHAREHOLDERS' FUNDS (275,471) (277,030)
For the year ending 31 July 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 Raymond McKay
Director
3rd April 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Ray McKay Properties Limited Registered number 01829901 is a limited by shares company incorporated in England & Wales. The Registered Office is 203 London Road, Hadleigh, Benfleet , Essex, SS7 2RD.
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
The accounts have been prepared on a going concern basis as assurances have been received from the directors that funds will be made available to enable the company to settle its liabilities as and when they fall due for a period of at least twelve months from the date of approval of these accounts.
2.3. Turnover
Turnover represents income from ground rent receivable.
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 none
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
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: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 August 2023 10,993 4,102 13,048 28,143
As at 31 July 2024 10,993 4,102 13,048 28,143
Depreciation
As at 1 August 2023 - 3,900 12,918 16,818
Provided during the period - 30 32 62
As at 31 July 2024 - 3,930 12,950 16,880
Net Book Value
As at 31 July 2024 10,993 172 98 11,263
As at 1 August 2023 10,993 202 130 11,325
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
VAT - 237
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 670 638
Directors' loan accounts 286,064 287,954
286,734 288,592
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3