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 06355044 Mr Ian Francis Mrs Fiona Francis Mrs Fiona Francis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06355044 2023-09-30 06355044 2024-09-30 06355044 2023-10-01 2024-09-30 06355044 frs-core:CurrentFinancialInstruments 2024-09-30 06355044 frs-core:Non-currentFinancialInstruments 2024-09-30 06355044 frs-core:ComputerEquipment 2024-09-30 06355044 frs-core:ComputerEquipment 2023-10-01 2024-09-30 06355044 frs-core:ComputerEquipment 2023-09-30 06355044 frs-core:CapitalRedemptionReserve 2024-09-30 06355044 frs-core:RevaluationReserve 2023-09-30 06355044 frs-core:RevaluationReserve 2024-09-30 06355044 frs-core:SharePremium 2024-09-30 06355044 frs-core:ShareCapital 2024-09-30 06355044 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 06355044 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06355044 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 06355044 frs-bus:SmallEntities 2023-10-01 2024-09-30 06355044 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 06355044 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 06355044 frs-bus:Director1 2023-10-01 2024-09-30 06355044 frs-bus:Director2 2023-10-01 2024-09-30 06355044 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 06355044 frs-countries:EnglandWales 2023-10-01 2024-09-30 06355044 2022-09-30 06355044 2023-09-30 06355044 2022-10-01 2023-09-30 06355044 frs-core:CurrentFinancialInstruments 2023-09-30 06355044 frs-core:Non-currentFinancialInstruments 2023-09-30 06355044 frs-core:CapitalRedemptionReserve 2023-09-30 06355044 frs-core:RevaluationReserve 2023-09-30 06355044 frs-core:SharePremium 2023-09-30 06355044 frs-core:ShareCapital 2023-09-30 06355044 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 06355044
FLA (Properties) Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Grant & Co (Accountants) Limited
Units 4 & 5 Rockfield Business Park
Old Station Drive
Cheltenham
Gloucestershire
GL53 0AN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06355044
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 331 662
Investment Properties 5 1,300,000 1,300,000
1,300,331 1,300,662
CURRENT ASSETS
Debtors 6 5,730 -
Cash at bank and in hand 54,833 83,091
60,563 83,091
Creditors: Amounts Falling Due Within One Year 7 (641,075 ) (655,503 )
NET CURRENT ASSETS (LIABILITIES) (580,512 ) (572,412 )
TOTAL ASSETS LESS CURRENT LIABILITIES 719,819 728,250
Creditors: Amounts Falling Due After More Than One Year 8 (71,425 ) (71,425 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,821 ) (8,559 )
NET ASSETS 632,573 648,266
CAPITAL AND RESERVES
Called up share capital 9 17,667 17,667
Share premium account 320,000 320,000
Revaluation reserve 10 98,959 98,959
Capital redemption reserve 12,333 12,333
Profit and Loss Account 183,614 199,307
SHAREHOLDERS' FUNDS 632,573 648,266
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Page 2
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 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 Ian Francis
Director
08/05/2025
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
FLA (Properties) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06355044 . The registered office is Greygarth, Cleeve Hill, Cheltenham, GL52 3QB.
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:
Computer Equipment 25% 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.
2.5. 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: 3 (2023: 3)
3 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 October 2023 1,325
As at 30 September 2024 1,325
Depreciation
As at 1 October 2023 663
Provided during the period 331
As at 30 September 2024 994
Net Book Value
As at 30 September 2024 331
As at 1 October 2023 662
5. Investment Property
2024
£
Fair Value
As at 1 October 2023 and 30 September 2024 1,300,000
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 5,730 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 5,336
Amounts owed to participating interests - 642,462
Other creditors 641,003 7,160
Taxation and social security 72 545
641,075 655,503
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 71,425 71,425
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Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 17,667 17,667
10. Reserves
Revaluation Reserve
£
As at 1 October 2023 98,959
As at 30 September 2024 98,959
Page 5