Acorah Software Products - Accounts Production 16.2.850 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 05272234 Dr Claire Harris the director true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05272234 2023-10-31 05272234 2024-10-31 05272234 2023-11-01 2024-10-31 05272234 frs-core:CurrentFinancialInstruments 2024-10-31 05272234 frs-core:Non-currentFinancialInstruments 2024-10-31 05272234 frs-core:FurnitureFittings 2024-10-31 05272234 frs-core:FurnitureFittings 2023-11-01 2024-10-31 05272234 frs-core:FurnitureFittings 2023-10-31 05272234 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 05272234 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 05272234 frs-core:RevaluationReserve 2023-10-31 05272234 frs-core:RevaluationReserve 2024-10-31 05272234 frs-core:ShareCapital 2024-10-31 05272234 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 05272234 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05272234 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 05272234 frs-bus:SmallEntities 2023-11-01 2024-10-31 05272234 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 05272234 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 05272234 1 2023-11-01 2024-10-31 05272234 frs-bus:Director1 2023-11-01 2024-10-31 05272234 frs-countries:EnglandWales 2023-11-01 2024-10-31 05272234 2022-10-31 05272234 2023-10-31 05272234 2022-11-01 2023-10-31 05272234 frs-core:CurrentFinancialInstruments 2023-10-31 05272234 frs-core:Non-currentFinancialInstruments 2023-10-31 05272234 frs-core:RevaluationReserve 2023-10-31 05272234 frs-core:ShareCapital 2023-10-31 05272234 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 05272234
Lakeside Property Management Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Enterprise Chartered Certified Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05272234
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 201,000 709,600
201,000 709,600
CURRENT ASSETS
Debtors 6 1,009 2,249
Cash at bank and in hand 2 445
1,011 2,694
Creditors: Amounts Falling Due Within One Year 7 (961 ) (17,430 )
NET CURRENT ASSETS (LIABILITIES) 50 (14,736 )
TOTAL ASSETS LESS CURRENT LIABILITIES 201,050 694,864
Creditors: Amounts Falling Due After More Than One Year 8 (272,149 ) (587,169 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,299 ) (33,601 )
NET (LIABILITIES)/ASSETS (81,398 ) 74,094
CAPITAL AND RESERVES
Called up share capital 9 2 2
Revaluation reserve 10 54,206 143,246
Profit and Loss Account (135,606 ) (69,154 )
SHAREHOLDERS' FUNDS (81,398) 74,094
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 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
Dr Claire Harris
Director
27/05/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lakeside Property Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05272234 . The registered office is Cedar Court Holly Farm, Breighton, Selby, North Yorkshire, YO8 6DH.
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:
Freehold Not Depreciated
Leasehold Not Depreciated
Fixtures & Fittings 3 Years Straight Line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 November 2023 1,416
As at 31 October 2024 1,416
Depreciation
As at 1 November 2023 1,416
As at 31 October 2024 1,416
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 October 2024 -
As at 1 November 2023 -
5. Investment Property
2024
£
Fair Value
As at 1 November 2023 709,600
Disposals (508,600 )
As at 31 October 2024 201,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,009 2,249
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts - 12,279
Other creditors 961 5,151
961 17,430
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 416,712
Other creditors 272,149 170,457
272,149 587,169
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Reserves
Revaluation Reserve
£
As at 1 November 2023 143,246
Deficit on revaluation (89,040)
As at 31 October 2024 54,206
Page 4
Page 5
11. Ultimate Controlling Party
The company's ultimate controlling party is the director by virtue of her ownership of 100% of the issued share capital in the company.
Page 5