Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 08629008 Mr Michael Kayes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08629008 2023-07-31 08629008 2024-07-31 08629008 2023-08-01 2024-07-31 08629008 frs-core:CurrentFinancialInstruments 2024-07-31 08629008 frs-core:Non-currentFinancialInstruments 2024-07-31 08629008 frs-core:ComputerEquipment 2024-07-31 08629008 frs-core:ComputerEquipment 2023-08-01 2024-07-31 08629008 frs-core:ComputerEquipment 2023-07-31 08629008 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-31 08629008 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08629008 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 08629008 frs-core:ShareCapital 2024-07-31 08629008 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 08629008 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08629008 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 08629008 frs-bus:SmallEntities 2023-08-01 2024-07-31 08629008 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 08629008 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 08629008 frs-bus:Director1 2023-08-01 2024-07-31 08629008 frs-core:CurrentFinancialInstruments 1 2024-07-31 08629008 frs-countries:EnglandWales 2023-08-01 2024-07-31 08629008 2022-07-31 08629008 2023-07-31 08629008 2022-08-01 2023-07-31 08629008 frs-core:CurrentFinancialInstruments 2023-07-31 08629008 frs-core:Non-currentFinancialInstruments 2023-07-31 08629008 frs-core:ShareCapital 2023-07-31 08629008 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 08629008 frs-core:CurrentFinancialInstruments 1 2023-07-31
Registered number: 08629008
M E Property Investments 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: 08629008
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,392,884 4,384,887
4,392,884 4,384,887
CURRENT ASSETS
Stocks 5 300,000 375,000
Debtors 6 42,232 93,745
Cash at bank and in hand 42,228 11,202
384,460 479,947
Creditors: Amounts Falling Due Within One Year 7 (2,990,402 ) (2,990,600 )
NET CURRENT ASSETS (LIABILITIES) (2,605,942 ) (2,510,653 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,786,942 1,874,234
Creditors: Amounts Falling Due After More Than One Year 8 (1,455,680 ) (1,596,507 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (27 ) (27 )
NET ASSETS 331,235 277,700
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 331,233 277,698
SHAREHOLDERS' FUNDS 331,235 277,700
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 members have 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 Michael Kayes
Director
28/04/2025
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
M E Property Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08629008 . The registered office is The Old Barn Wood Street, Swanley, BR8 7PA.
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. 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:
Freehold 0% - on cost
Computer Equipment 15% - on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 4,384,785 230 4,385,015
Additions 8,012 - 8,012
As at 31 July 2024 4,392,797 230 4,393,027
Depreciation
As at 1 August 2023 - 128 128
Provided during the period - 15 15
As at 31 July 2024 - 143 143
Net Book Value
As at 31 July 2024 4,392,797 87 4,392,884
As at 1 August 2023 4,384,785 102 4,384,887
5. Stocks
2024 2023
£ £
Stock 300,000 375,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,630 21,522
Inter company account 29,602 72,223
42,232 93,745
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 586 -
Bank loans and overdrafts 9,768 9,768
Corporation tax 17,850 32,528
Other creditors 10,912 9,940
Inter company account Creditor 2,310,837 2,238,190
Director's loan account 640,449 700,174
2,990,402 2,990,600
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,345,177 1,486,004
Other loans 110,503 110,503
1,455,680 1,596,507
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5