Acorah Software Products - Accounts Production 16.3.350 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 04944330 D C Phillips A M Phillips iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04944330 2023-11-30 04944330 2024-11-30 04944330 2023-12-01 2024-11-30 04944330 frs-core:CurrentFinancialInstruments 2024-11-30 04944330 frs-core:Non-currentFinancialInstruments 2024-11-30 04944330 frs-core:ComputerEquipment 2024-11-30 04944330 frs-core:ComputerEquipment 2023-12-01 2024-11-30 04944330 frs-core:ComputerEquipment 2023-11-30 04944330 frs-core:MotorVehicles 2024-11-30 04944330 frs-core:MotorVehicles 2023-12-01 2024-11-30 04944330 frs-core:MotorVehicles 2023-11-30 04944330 frs-core:RevaluationReserve 2023-12-01 2024-11-30 04944330 frs-core:RevaluationReserve 2023-11-30 04944330 frs-core:RevaluationReserve 2024-11-30 04944330 frs-core:ShareCapital 2024-11-30 04944330 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 04944330 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 04944330 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 04944330 frs-bus:SmallEntities 2023-12-01 2024-11-30 04944330 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 04944330 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 04944330 frs-bus:OrdinaryShareClass1 2023-12-01 2024-11-30 04944330 frs-bus:OrdinaryShareClass1 2024-11-30 04944330 frs-bus:OrdinaryShareClass2 2023-12-01 2024-11-30 04944330 frs-bus:OrdinaryShareClass2 2024-11-30 04944330 frs-bus:OrdinaryShareClass3 2023-12-01 2024-11-30 04944330 frs-bus:OrdinaryShareClass3 2024-11-30 04944330 frs-bus:OrdinaryShareClass4 2023-12-01 2024-11-30 04944330 frs-bus:OrdinaryShareClass4 2024-11-30 04944330 frs-core:CostValuation 2023-11-30 04944330 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-11-30 04944330 frs-core:CostValuation 2024-11-30 04944330 frs-core:ProvisionsForImpairmentInvestments 2023-11-30 04944330 frs-core:ProvisionsForImpairmentInvestments 2024-11-30 04944330 frs-bus:Director1 2023-12-01 2024-11-30 04944330 frs-bus:Director2 2023-12-01 2024-11-30 04944330 frs-countries:EnglandWales 2023-12-01 2024-11-30 04944330 2022-11-30 04944330 2023-11-30 04944330 2022-12-01 2023-11-30 04944330 frs-core:CurrentFinancialInstruments 2023-11-30 04944330 frs-core:Non-currentFinancialInstruments 2023-11-30 04944330 frs-core:RevaluationReserve 2023-11-30 04944330 frs-core:ShareCapital 2023-11-30 04944330 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 04944330 frs-bus:OrdinaryShareClass1 2022-12-01 2023-11-30 04944330 frs-bus:OrdinaryShareClass2 2022-12-01 2023-11-30 04944330 frs-bus:OrdinaryShareClass3 2022-12-01 2023-11-30 04944330 frs-bus:OrdinaryShareClass4 2022-12-01 2023-11-30
Registered number: 04944330
D Phillips Properties Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Dns Cloudco Ltd
Suite 415C Margaret Powell House
Midsummer Boulevard
Milton Keynes
MK9 3BN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04944330
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 105,687 141,424
Investments 5 447,719 424,856
553,406 566,280
CURRENT ASSETS
Debtors 6 469,807 483,370
Cash at bank and in hand 332,836 366,987
802,643 850,357
Creditors: Amounts Falling Due Within One Year 7 (36,003 ) (28,977 )
NET CURRENT ASSETS (LIABILITIES) 766,640 821,380
TOTAL ASSETS LESS CURRENT LIABILITIES 1,320,046 1,387,660
Creditors: Amounts Falling Due After More Than One Year 8 (273,569 ) (273,569 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,532 ) (6,684 )
NET ASSETS 1,038,945 1,107,407
CAPITAL AND RESERVES
Called up share capital 9 400 400
Undistributed Reserves 10 45,418 26,899
Profit and Loss Account 993,127 1,080,108
SHAREHOLDERS' FUNDS 1,038,945 1,107,407
Page 1
Page 2
For the year ending 30 November 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
D C Phillips
Director
25/04/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
D Phillips Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04944330 . The registered office is Sandy Cottage 24 Sandy Lane, Aspley Heath, Woburn Sands, Bedfordshire, MK17 8TT.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Motor Vehicles 25% RBM
Computer Equipment 25% SLM
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
Page 3
Page 4
2.6. Investment Policy
Investments are initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investments are revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
If a reliable measure of fair value is no longer available without undue cost or effort for an item of investments, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 December 2023 154,070 7,380 161,450
As at 30 November 2024 154,070 7,380 161,450
Depreciation
As at 1 December 2023 14,895 5,131 20,026
Provided during the period 34,794 943 35,737
As at 30 November 2024 49,689 6,074 55,763
Net Book Value
As at 30 November 2024 104,381 1,306 105,687
As at 1 December 2023 139,175 2,249 141,424
5. Investments
Other
£
Cost
As at 1 December 2023 424,856
Revaluations 22,863
As at 30 November 2024 447,719
Provision
As at 1 December 2023 -
As at 30 November 2024 -
Net Book Value
As at 30 November 2024 447,719
As at 1 December 2023 424,856
‘’The investments are being measured at fair value under FRS102 and fair value gains and losses are reported in profit and
loss.
FRS 102 also requires deferred tax to be accounted for on assets that are subject to revaluation. Consequently, deferred tax
of £4,343.97 was recognised as on  30/09/2024  to reflect the provision of FRS 102.
The profit on revaluation at £22,863 has been reported in profit and loss and the effect on profit for the year ended
30/11/2024 is an increase in profit amount £18,519.03.
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,128 2,490
Prepayments and accrued income 2,651 6,250
Other debtors 456,625 474,337
VAT 2,403 293
469,807 483,370
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,710 6,175
Corporation tax (2,464 ) 2,278
Other taxes and social security 524 63
Net wages 1,314 467
Directors' loan accounts 30,919 19,994
36,003 28,977
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 273,569 273,569
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
100 Ordinary A shares of £ 1.00 each 100 100
100 Ordinary B shares of £ 1.00 each 100 100
100 Ordinary C shares of £ 1.00 each 100 100
400 400
Ordinary A, B and C shares has no right to attend or vote at general meetings and not entitled to receive dividends declared on the ordinary share capital of the company.
Ordinary Shares has right to attend or vote at general meetings and  entitled to receive dividends declared on the ordinary share capital of the company.
10. Reserves
Revaluation Reserve
£
As at 1 December 2023 26,899
Surplus on revaluation 18,519
As at 30 November 2024 45,418
Page 5
Page 6
11. Related Party Transactions
Sandy Lane Property Ltd is related party by the virture of having same directors and shareholder. The balance oustanding owed by related party was £493,330 as on 30.11.2024. (2023 : £493,330).
Wavendon Residential Properties LLP  related party by the virture of having same directors and shareholder. The balance oustanding owed to related party was £99,984.37 as on 30.11.2024. (2023 : £99,984.37).
Phillips & sons (Rushden) Limited  is related party by the virture of having same directors and shareholder. The balance oustanding owed by related party was £15,000 as on 30.11.2024. (2023 : £15,000).
Golf Developments LLP  is related party by the virture of having same directors and shareholder. The balance oustanding owed by related party was £7,000 as on 30.11.2024. (2023 : £27,000).
Golf Club development LLP  is related party by the virture of having same directors and shareholder. The balance oustanding owed by related party was £32,123 as on 30.11.2024. (2023 : £29,814).
Keele Golf development LLP  is related party by the virture of having same directors and shareholder. The balance oustanding owed by related party was £9,156.22 as on 30.11.2024. (2023 : £9,176.89).
Page 6