Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 03608328 Mr Brian Mursell Mrs Marilyn Mursell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03608328 2023-07-31 03608328 2024-07-31 03608328 2023-08-01 2024-07-31 03608328 frs-core:CurrentFinancialInstruments 2024-07-31 03608328 frs-core:ComputerEquipment 2024-07-31 03608328 frs-core:ComputerEquipment 2023-08-01 2024-07-31 03608328 frs-core:ComputerEquipment 2023-07-31 03608328 frs-core:RevaluationReserve 2023-08-01 2024-07-31 03608328 frs-core:RevaluationReserve 2023-07-31 03608328 frs-core:RevaluationReserve 2024-07-31 03608328 frs-core:ShareCapital 2024-07-31 03608328 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 03608328 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03608328 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 03608328 frs-bus:SmallEntities 2023-08-01 2024-07-31 03608328 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 03608328 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 03608328 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-08-01 2024-07-31 03608328 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-07-31 03608328 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-07-31 03608328 frs-core:ListedExchangeTraded 2024-07-31 03608328 frs-core:ListedExchangeTraded 2023-07-31 03608328 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-07-31 03608328 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-07-31 03608328 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-07-31 03608328 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-07-31 03608328 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-07-31 03608328 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-07-31 03608328 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-07-31 03608328 frs-bus:Director1 2023-08-01 2024-07-31 03608328 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 03608328 frs-countries:EnglandWales 2023-08-01 2024-07-31 03608328 2022-07-31 03608328 2023-07-31 03608328 2022-08-01 2023-07-31 03608328 frs-core:CurrentFinancialInstruments 2023-07-31 03608328 frs-core:ShareCapital 2023-07-31 03608328 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 03608328 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-07-31
Registered number: 03608328
Mursell Property Company Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03608328
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 193 -
Investment Properties 5 254,089 630,000
Investments 6 423,284 -
677,566 630,000
CURRENT ASSETS
Cash at bank and in hand 18,610 124,397
18,610 124,397
Creditors: Amounts Falling Due Within One Year 7 (5,288 ) (9,366 )
NET CURRENT ASSETS (LIABILITIES) 13,322 115,031
TOTAL ASSETS LESS CURRENT LIABILITIES 690,888 745,031
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,739 ) -
NET ASSETS 675,149 745,031
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Fair value reserve 9 47,216 -
Profit and Loss Account 626,933 744,031
SHAREHOLDERS' FUNDS 675,149 745,031
Page 1
Page 2
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 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 Brian Mursell
Director
11 April 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mursell Property Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03608328 . The registered office is 33 West Borough, Wimborne, BH21 1LT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

These financial statements are presented in pound sterling which is the functional currency of the company.
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.
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:
Computer Equipment 33% Straight Line
2.4. Investment Properties
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in fair value of investment properties are included in profit and loss in the period in which they arise.
2.5. 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: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 590
Additions 289
As at 31 July 2024 879
Depreciation
As at 1 August 2023 590
Provided during the period 96
As at 31 July 2024 686
Net Book Value
As at 31 July 2024 193
As at 1 August 2023 -
5. Investment Property
2024
£
Fair Value
As at 1 August 2023 630,000
Disposals (375,911 )
As at 31 July 2024 254,089
6. Investments
Listed
£
Cost
As at 1 August 2023 -
Additions 416,499
Disposals (3,470 )
Revaluations 10,255
As at 31 July 2024 423,284
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 423,284
As at 1 August 2023 -
Listed investments are stated at market value as at the balance sheet date.
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 2,449 5,427
Other creditors - 2,490
Accruals and deferred income 1,799 929
Director's loan account 1,040 520
5,288 9,366
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Reserves
Revaluation Reserve Fair Value Reserve
£ £
As at 1 August 2023 - -
Transfer to profit and loss - 47,216
As at 31 July 2024 - 47,216
Page 5