Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 11541121 Mr Keith Day iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11541121 2023-08-31 11541121 2024-08-31 11541121 2023-09-01 2024-08-31 11541121 frs-core:CurrentFinancialInstruments 2024-08-31 11541121 frs-core:Non-currentFinancialInstruments 2024-08-31 11541121 frs-core:InvestmentPropertyIncludedWithinPPE 2024-08-31 11541121 frs-core:InvestmentPropertyIncludedWithinPPE 2023-08-31 11541121 frs-core:ShareCapital 2024-08-31 11541121 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 11541121 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11541121 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 11541121 frs-bus:SmallEntities 2023-09-01 2024-08-31 11541121 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 11541121 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11541121 frs-bus:Director1 2023-09-01 2024-08-31 11541121 frs-countries:EnglandWales 2023-09-01 2024-08-31 11541121 2022-08-31 11541121 2023-08-31 11541121 2022-09-01 2023-08-31 11541121 frs-core:CurrentFinancialInstruments 2023-08-31 11541121 frs-core:Non-currentFinancialInstruments 2023-08-31 11541121 frs-core:ShareCapital 2023-08-31 11541121 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 11541121
Maadi Properties Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11541121
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 850,000 850,000
850,000 850,000
CURRENT ASSETS
Debtors 5 12 3,437
Cash at bank and in hand 1 146
13 3,583
Creditors: Amounts Falling Due Within One Year 6 (9,341 ) (1,575 )
NET CURRENT ASSETS (LIABILITIES) (9,328 ) 2,008
TOTAL ASSETS LESS CURRENT LIABILITIES 840,672 852,008
Creditors: Amounts Falling Due After More Than One Year 7 (655,314 ) (674,914 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (43,673 ) (43,673 )
NET ASSETS 141,685 133,421
CAPITAL AND RESERVES
Called up share capital 9 12 12
Profit and Loss Account 141,673 133,409
SHAREHOLDERS' FUNDS 141,685 133,421
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 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 Keith Day
Director
14/05/2025
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
Maadi Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11541121 . The registered office is 1 Derwent Business Centre, Clarke Street, Derby, DE1 2BU.
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. 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 profit and loss account.
2.3. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2.4. 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
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Investment Properties
£
Cost
As at 1 September 2023 850,000
As at 31 August 2024 850,000
Net Book Value
As at 31 August 2024 850,000
As at 1 September 2023 850,000
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 3,425
Called up share capital not paid 12 12
12 3,437
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 32 -
Corporation tax 1,938 457
Other creditors 6,253 -
Accruals and deferred income 1,118 1,118
9,341 1,575
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 564,285 564,285
Directors loan account 91,029 110,629
655,314 674,914
8. Secured Creditors
Of the creditors falling due after more than one year the following amount is secured by a fixed charge over the investment properties. The mortgages are interest only with terms of 19 and 25 years.
2024 2023
£ £
Bank loans and overdrafts 564,285 564,285
9. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 12 12
Amount of Allotted, Called Up Share Capital 12 12
Page 4