Acorah Software Products - Accounts Production 16.3.350 false true true false 10 August 2023 31 August 2024 31 August 2024 15063378 Mrs M E Fitzmaurice Mr P J Fitzmaurice iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15063378 2023-08-09 15063378 2024-08-31 15063378 2023-08-10 2024-08-31 15063378 frs-core:ShareCapital 2024-08-31 15063378 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 15063378 frs-bus:PrivateLimitedCompanyLtd 2023-08-10 2024-08-31 15063378 frs-bus:AbridgedAccounts 2023-08-10 2024-08-31 15063378 frs-bus:SmallEntities 2023-08-10 2024-08-31 15063378 frs-bus:AuditExempt-NoAccountantsReport 2023-08-10 2024-08-31 15063378 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-10 2024-08-31 15063378 frs-bus:Director1 2023-08-10 2024-08-31 15063378 frs-bus:Director2 2023-08-10 2024-08-31 15063378 frs-countries:EnglandWales 2023-08-10 2024-08-31
Registered number: 15063378
Fitzmaurice Property Services Limited
Unaudited ABRIDGED Financial Statements
For the Period 10 August 2023 to 31 August 2024
Lee Christian & Co Limited
Chartered Certified Accountants
Suite 222 Cuffley Point
Cuffley Place, Sopers Road
Cuffley
Hertfordshire
EN6 4RY
Contents
Page
Company Information 1
Abridged Statement of Financial Position 2—3
Notes to the Abridged Financial Statements 4—6
Page 1
Company Information
Directors Mrs M E Fitzmaurice
Mr P J Fitzmaurice
Company Number 15063378
Registered Office C/O Lee Christian & Co Limited
Suite 222 Cuffley Point
Cuffley Place, Sopers Road
Cuffley, Hertfordshire
EN6 4RY
Accountants Lee Christian & Co Limited
Chartered Certified Accountants
Suite 222 Cuffley Point
Cuffley Place, Sopers Road
Cuffley
Hertfordshire
EN6 4RY
Page 1
Page 2
Abridged Statement of Financial Position
Registered number: 15063378
31 August 2024
Notes £ £
FIXED ASSETS
Investment Properties 4 368,505
368,505
CURRENT ASSETS
Debtors 288
Cash at bank and in hand 435,068
435,356
Creditors: Amounts Falling Due Within One Year (4,353 )
NET CURRENT ASSETS (LIABILITIES) 431,003
TOTAL ASSETS LESS CURRENT LIABILITIES 799,508
NET ASSETS 799,508
CAPITAL AND RESERVES
Called up share capital 5 800,000
Income Statement (492 )
SHAREHOLDERS' FUNDS 799,508
Page 2
Page 3
For the period ending 31 August 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 Income Statement.
All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 31 August 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs M E Fitzmaurice
Director
30th April 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Abridged Financial Statements
1. General Information
Fitzmaurice Property Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15063378 . The registered office is C/O Lee Christian & Co Limited, Suite 222 Cuffley Point, Cuffley Place, Sopers Road, Cuffley, Hertfordshire, EN6 4RY.
The presentation currency of the accounts is in Pound Sterling (£).
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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered stated net of discounts, other sales taxes and value added tax.
2.4. 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 income statement.
2.5. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.
Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like plant, property and equipment are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss. 
Page 4
Page 5
2.6. Taxation
Taxaion for the year comprises 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 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.
2.7. Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
2.8. Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
4. Investment Property
31 August 2024
£
Fair Value
As at 10 August 2023 -
Additions 368,505
As at 31 August 2024 368,505
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
Page 5
Page 6
31 August 2024
£
Cost 368,505
5. Share Capital
31 August 2024
£
Allotted, Called up and fully paid 800,000
6. Liability Limitation Agreement With The Accountant
The company has entered into a liability limitation agreement with the accountants Lee Christian & Co Limited in respect of advice given and the preparation of any financial statements. The liability agreement strictly restricts the liability of Lee Christian & Co Limited solely to   Fitzmaurice Property Services Limited (the company) and further restricts the liability of Lee Christian & Co Limited to the company in accordance with the Lee Christian & Co Limited engagement letter and terms and conditions.
Page 6