Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 12832180 Mr J Farley Mrs L Farley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12832180 2023-08-31 12832180 2024-08-31 12832180 2023-09-01 2024-08-31 12832180 frs-core:CurrentFinancialInstruments 2024-08-31 12832180 frs-core:Non-currentFinancialInstruments 2024-08-31 12832180 frs-core:FurnitureFittings 2024-08-31 12832180 frs-core:FurnitureFittings 2023-09-01 2024-08-31 12832180 frs-core:FurnitureFittings 2023-08-31 12832180 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 12832180 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 12832180 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 12832180 frs-core:RevaluationReserve 2023-08-31 12832180 frs-core:RevaluationReserve 2024-08-31 12832180 frs-core:ShareCapital 2024-08-31 12832180 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 12832180 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12832180 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 12832180 frs-bus:SmallEntities 2023-09-01 2024-08-31 12832180 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12832180 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12832180 frs-bus:Director1 2023-09-01 2024-08-31 12832180 frs-bus:Director2 2023-09-01 2024-08-31 12832180 frs-countries:EnglandWales 2023-09-01 2024-08-31 12832180 2022-08-31 12832180 2023-08-31 12832180 2022-09-01 2023-08-31 12832180 frs-core:CurrentFinancialInstruments 2023-08-31 12832180 frs-core:Non-currentFinancialInstruments 2023-08-31 12832180 frs-core:RevaluationReserve 2023-08-31 12832180 frs-core:ShareCapital 2023-08-31 12832180 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 12832180
F5 Property Management Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Tony Dicker Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12832180
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 983,878 982,986
983,878 982,986
CURRENT ASSETS
Cash at bank and in hand 69,224 90,116
69,224 90,116
Creditors: Amounts Falling Due Within One Year 5 (601,871 ) (624,282 )
NET CURRENT ASSETS (LIABILITIES) (532,647 ) (534,166 )
TOTAL ASSETS LESS CURRENT LIABILITIES 451,231 448,820
Creditors: Amounts Falling Due After More Than One Year 6 (371,075 ) (371,075 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (14,341 ) (14,341 )
NET ASSETS 65,815 63,404
CAPITAL AND RESERVES
Called up share capital 7 5 5
Revaluation reserve 8 61,141 61,141
Profit and Loss Account 4,669 2,258
SHAREHOLDERS' FUNDS 65,815 63,404
Page 1
Page 2
For the year 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 Profit and Loss Account.
On behalf of the board
Mr J Farley
Director
07/01/2025
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
F5 Property Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12832180 . The registered office is 29 Courtenay Road Courtenay Road, Keynsham, Bristol, BS31 1JU.
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 comprises rents received on residential property let to the general public
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 Not considered necessary at this stage
Fixtures & Fittings 15% Straight Line
2.4. 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 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.
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
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2023 982,986 - 982,986
Additions - 1,050 1,050
As at 31 August 2024 982,986 1,050 984,036
Depreciation
As at 1 September 2023 - - -
Provided during the period - 158 158
As at 31 August 2024 - 158 158
Net Book Value
As at 31 August 2024 982,986 892 983,878
As at 1 September 2023 982,986 - 982,986
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 959 900
Other creditors 599,852 621,460
Taxation and social security 1,060 1,922
601,871 624,282
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 371,075 371,075
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5 5
8. Reserves
Revaluation Reserve
£
As at 1 September 2023 61,141
As at 31 August 2024 61,141
Page 4