Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 SC645452 Mr Christopher Cummings iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC645452 2023-10-31 SC645452 2024-10-31 SC645452 2023-11-01 2024-10-31 SC645452 frs-core:CurrentFinancialInstruments 2024-10-31 SC645452 frs-core:Non-currentFinancialInstruments 2024-10-31 SC645452 frs-core:LandBuildings 2024-10-31 SC645452 frs-core:LandBuildings 2023-11-01 2024-10-31 SC645452 frs-core:LandBuildings 2023-10-31 SC645452 frs-core:ShareCapital 2024-10-31 SC645452 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC645452 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC645452 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 SC645452 frs-bus:SmallEntities 2023-11-01 2024-10-31 SC645452 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC645452 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 SC645452 frs-bus:Director1 2023-11-01 2024-10-31 SC645452 frs-countries:Scotland 2023-11-01 2024-10-31 SC645452 2022-10-31 SC645452 2023-10-31 SC645452 2022-11-01 2023-10-31 SC645452 frs-core:CurrentFinancialInstruments 2023-10-31 SC645452 frs-core:Non-currentFinancialInstruments 2023-10-31 SC645452 frs-core:ShareCapital 2023-10-31 SC645452 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: SC645452
Midlothian Property Company Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
D Napier Accountancy
ACCA
Office 2, 30/2 Eskbank Office Complex
Hardengreen Industrial Estate
Dalkeith
EH22 3NX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC645452
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 606,579 139,781
606,579 139,781
CURRENT ASSETS
Debtors 5 4,900 850
Cash at bank and in hand 6,289 3,885
11,189 4,735
Creditors: Amounts Falling Due Within One Year 6 (249,198 ) (41,139 )
NET CURRENT ASSETS (LIABILITIES) (238,009 ) (36,404 )
TOTAL ASSETS LESS CURRENT LIABILITIES 368,570 103,377
Creditors: Amounts Falling Due After More Than One Year 7 (376,175 ) (103,385 )
NET LIABILITIES (7,605 ) (8 )
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account (7,615 ) (18 )
SHAREHOLDERS' FUNDS (7,605) (8)
Page 1
Page 2
For the year ending 31 October 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 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 Christopher Cummings
Director
20th May 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
Midlothian Property Company Limited is a private company, limited by shares, incorporated in Scotland, registered number SC645452 . The registered office is 11 Esk Valley Terrace, Dalkeith, Midlothian, EH22 3FT.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Buildings
£
Cost or Valuation
As at 1 November 2023 139,781
Additions 466,798
As at 31 October 2024 606,579
Net Book Value
As at 31 October 2024 606,579
As at 1 November 2023 139,781
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 4,900 850
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1 )
Other creditors 136,714 -
Accruals and deferred income 5,276 1,150
Director's loan account 107,208 39,990
249,198 41,139
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 376,175 103,385
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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