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 12795086 Mr E Craigie Mr J Bystram iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12795086 2023-08-31 12795086 2024-08-31 12795086 2023-09-01 2024-08-31 12795086 frs-core:CurrentFinancialInstruments 2024-08-31 12795086 frs-core:Non-currentFinancialInstruments 2024-08-31 12795086 frs-core:RevaluationReserve 2023-09-01 2024-08-31 12795086 frs-core:RevaluationReserve 2023-08-31 12795086 frs-core:RevaluationReserve 2024-08-31 12795086 frs-core:ShareCapital 2024-08-31 12795086 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 12795086 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12795086 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 12795086 frs-bus:SmallEntities 2023-09-01 2024-08-31 12795086 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12795086 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12795086 frs-core:CostValuation 2023-08-31 12795086 frs-core:AdditionsToInvestments 2024-08-31 12795086 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-08-31 12795086 frs-core:CostValuation 2024-08-31 12795086 frs-core:ProvisionsForImpairmentInvestments 2023-08-31 12795086 frs-core:ProvisionsForImpairmentInvestments 2024-08-31 12795086 frs-bus:Director1 2023-09-01 2024-08-31 12795086 frs-bus:Director2 2023-09-01 2024-08-31 12795086 frs-countries:EnglandWales 2023-09-01 2024-08-31 12795086 2022-08-31 12795086 2023-08-31 12795086 2022-09-01 2023-08-31 12795086 frs-core:CurrentFinancialInstruments 2023-08-31 12795086 frs-core:Non-currentFinancialInstruments 2023-08-31 12795086 frs-core:RevaluationReserve 2023-08-31 12795086 frs-core:ShareCapital 2023-08-31 12795086 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 12795086
B & C Estates Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12795086
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 2,205,001 870,001
2,205,001 870,001
CURRENT ASSETS
Debtors 5 6,869 6,568
Cash at bank and in hand 6,401 14,869
13,270 21,437
Creditors: Amounts Falling Due Within One Year 6 (563,216 ) (219,372 )
NET CURRENT ASSETS (LIABILITIES) (549,946 ) (197,935 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,655,055 672,066
Creditors: Amounts Falling Due After More Than One Year 7 (1,283,632 ) (527,850 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (122,559 ) (40,305 )
NET ASSETS 248,864 103,911
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 10 367,677 171,827
Profit and Loss Account (118,913 ) (68,016 )
SHAREHOLDERS' FUNDS 248,864 103,911
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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 E Craigie
Director
21/05/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
B & C Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12795086 . The registered office is 69 - 75 Thorpe Road, Norwich, Norfolk, NR1 1UA.
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. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investments
Other
£
Cost
As at 1 September 2023 870,001
Additions 1,056,896
Revaluations 278,104
As at 31 August 2024 2,205,001
Provision
As at 1 September 2023 -
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 2,205,001
As at 1 September 2023 870,001
There has been no valuation of investment properties by an independent valuer; the directors have reviewed the fair value of the property at the year end.
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 6,869 6,568
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to participating interests 1,594 -
Other creditors 561,622 219,372
563,216 219,372
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,283,632 527,850
Included within bank loans is an amount of £1,283,632 (2023: £527,850) which is secured on the company's investment properties.
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
At the year end the company owed the directors £385,451 (2023: £213,200).
The loan is unsecured, repayable on demand and interest is charged at 1.5%.
10. Reserves
Revaluation Reserve
£
As at 1 September 2023 171,827
Transfer to profit and loss 195,850
As at 31 August 2024 367,677
11. Related Party Transactions
Included within Creditors is an amount of £1,594 (2023: £Nil) owed to a company deemed related by virtue of common control.
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