Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 12201452 Mr Mark Shand Mr Mark Shand iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12201452 2023-09-30 12201452 2024-09-30 12201452 2023-10-01 2024-09-30 12201452 frs-core:CurrentFinancialInstruments 2024-09-30 12201452 frs-core:ComputerEquipment 2024-09-30 12201452 frs-core:ComputerEquipment 2023-10-01 2024-09-30 12201452 frs-core:ComputerEquipment 2023-09-30 12201452 frs-core:FurnitureFittings 2024-09-30 12201452 frs-core:FurnitureFittings 2023-10-01 2024-09-30 12201452 frs-core:FurnitureFittings 2023-09-30 12201452 frs-core:ShareCapital 2024-09-30 12201452 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 12201452 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12201452 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 12201452 frs-bus:SmallEntities 2023-10-01 2024-09-30 12201452 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12201452 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12201452 frs-core:DeferredTaxation 2023-10-01 2024-09-30 12201452 frs-core:DeferredTaxation 2023-09-30 12201452 frs-core:DeferredTaxation 2024-09-30 12201452 frs-bus:Director1 2023-10-01 2024-09-30 12201452 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 12201452 frs-countries:EnglandWales 2023-10-01 2024-09-30 12201452 2022-09-30 12201452 2023-09-30 12201452 2022-10-01 2023-09-30 12201452 frs-core:CurrentFinancialInstruments 2023-09-30 12201452 frs-core:ShareCapital 2023-09-30 12201452 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 12201452
SDDC Property Ltd
Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12201452
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 972 1,266
Investment Properties 5 234,507 234,507
Investments 124,561 124,561
360,040 360,334
CURRENT ASSETS
Debtors 6 15,650 9,395
Cash at bank and in hand 12,670 14,435
28,320 23,830
Creditors: Amounts Falling Due Within One Year 7 (380,405 ) (380,514 )
NET CURRENT ASSETS (LIABILITIES) (352,085 ) (356,684 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,955 3,650
PROVISIONS FOR LIABILITIES
Deferred Taxation (243 ) (241 )
NET ASSETS 7,712 3,409
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 7,711 3,408
SHAREHOLDERS' FUNDS 7,712 3,409
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For the year ending 30 September 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 Mark Shand
Director
15 May 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
SDDC Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12201452 . The registered office is 14 Woodfield Road, Bristol, BS6 6JQ.
The presentation currency of the financial statements is the 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. Turnover
Turnover represents the revenue generated from the sale of services. Revenue is measured at the fair value of the consideration received and receivable excluding value added tax.
Revenue from services is recognised when services have been provided and the contractual right to the consideration has been earned. For incomplete contracts an assessment is made of the extent to which revenue has been earned.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses.
Depreciation is provided at following annual rates in order to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost
2.4. Investment Properties
Investment properties are included in the Balance sheet at their fair value in accordance with the Financial Reporting Standard 102 and are not depreciated.
The fair value of the investment properties are considered annually by the director in the light of known movements and trends in the property market and taking account of the directors' knowledge and experience of the market place for such properties.
Any aggregate surplus or deficit arising on revaluation is recognised in the profit and loss account and allocated to a fair value reserve.
2.5. Financial Instruments
Financial liabilities and equity instruments are classified and accounted for according to the substance of contractual arrangements, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
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2.6. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.
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.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
The average number of employees, including directors, during the year was 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 October 2023 1,338 624 1,962
As at 30 September 2024 1,338 624 1,962
Depreciation
As at 1 October 2023 602 94 696
Provided during the period 201 93 294
As at 30 September 2024 803 187 990
Net Book Value
As at 30 September 2024 535 437 972
As at 1 October 2023 736 530 1,266
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5. Investment Property
2024
£
Fair Value
As at 1 October 2023 and 30 September 2024 234,507
In the opinion of the director, the fair value of the investment property was £234,507 as at 30 September 2024 (2023: £234,507).
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 15,650 9,395
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to participating interests 377,588 377,588
Other creditors 1,738 1,947
Taxation and social security 1,079 979
380,405 380,514
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 October 2023 241 241
Deferred taxation 2 2
Balance at 30 September 2024 243 243
The provision for deferred taxation is made up of accelerated capital allowances and changes in fair value of investment property.
10. Related Party Transactions
Mr M Shand, director, is a director and shareholder of SDDC Consultancy Ltd. The company maintained a loan account with SDDC Consultancy Ltd throughout the period. As at 30 September 2024 a balance of £377,588 (2023: £377,588) was owed by the company. The above loan is unsecured, interest free and repayable on demand.
Mr M Shand controls the company by virtue of his shareholdings.
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