Acorah Software Products - Accounts Production 16.3.350 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 11851542 Mr D Nutbrown iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11851542 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-02-29 11851542 2023-02-28 11851542 2024-02-29 11851542 2023-03-01 2024-02-29 11851542 frs-core:CurrentFinancialInstruments 2024-02-29 11851542 frs-core:Non-currentFinancialInstruments 2024-02-29 11851542 frs-core:ComputerEquipment 2024-02-29 11851542 frs-core:ComputerEquipment 2023-03-01 2024-02-29 11851542 frs-core:ComputerEquipment 2023-02-28 11851542 frs-core:InvestmentPropertyIncludedWithinPPE 2024-02-29 11851542 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-01 2024-02-29 11851542 frs-core:InvestmentPropertyIncludedWithinPPE 2023-02-28 11851542 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 11851542 frs-core:PlantMachinery 2024-02-29 11851542 frs-core:PlantMachinery 2023-03-01 2024-02-29 11851542 frs-core:PlantMachinery 2023-02-28 11851542 frs-core:ShareCapital 2024-02-29 11851542 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11851542 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11851542 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 11851542 frs-bus:SmallEntities 2023-03-01 2024-02-29 11851542 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11851542 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11851542 frs-bus:Director1 2023-03-01 2024-02-29 11851542 frs-countries:EnglandWales 2023-03-01 2024-02-29 11851542 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-02-28 11851542 2022-02-28 11851542 2023-02-28 11851542 2022-03-01 2023-02-28 11851542 frs-core:CurrentFinancialInstruments 2023-02-28 11851542 frs-core:Non-currentFinancialInstruments 2023-02-28 11851542 frs-core:ShareCapital 2023-02-28 11851542 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 11851542
The Mersey Property Group Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
MAR Kilshaw Limited
99 Stanley Road
Bootle
Liverpool
Merseyside
L20 7DA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11851542
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,849,688 1,376,039
1,849,688 1,376,039
CURRENT ASSETS
Debtors 5 12,490 5,681
Cash at bank and in hand 7,165 110,725
19,655 116,406
Creditors: Amounts Falling Due Within One Year 6 (42,818 ) (41,809 )
NET CURRENT ASSETS (LIABILITIES) (23,163 ) 74,597
TOTAL ASSETS LESS CURRENT LIABILITIES 1,826,525 1,450,636
Creditors: Amounts Falling Due After More Than One Year 7 (1,558,128 ) (1,208,964 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (66,007 ) (57,685 )
NET ASSETS 202,390 183,987
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 202,389 183,986
SHAREHOLDERS' FUNDS 202,390 183,987
Page 1
Page 2
For the year ending 29 February 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 D Nutbrown
Director
3 June 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
The Mersey Property Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11851542 . The registered office is 6-8 Tawd Street, Liverpool, L4 4PD.
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.
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 None
Plant & Machinery 15% reducing balance
Computer Equipment 25% reducing balance
Freehold property is not depreciated due to the property being included at fair value.
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
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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Page 4
4. Tangible Assets
Investment Properties Plant & Machinery Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 March 2023 1,370,000 6,859 279 1,377,138
Additions 426,704 22,837 - 449,541
Revaluation 28,460 - - 28,460
As at 29 February 2024 1,825,164 29,696 279 1,855,139
Depreciation
As at 1 March 2023 - 1,029 70 1,099
Provided during the period - 4,300 52 4,352
As at 29 February 2024 - 5,329 122 5,451
Net Book Value
As at 29 February 2024 1,825,164 24,367 157 1,849,688
As at 1 March 2023 1,370,000 5,830 209 1,376,039
Cost or valuation as at 29 February 2024 represented by:
Investment Properties Plant & Machinery Computer Equipment Total
£ £ £ £
At cost 1,527,555 29,696 279 1,557,530
At valuation 297,609 - - 297,609
1,825,164 29,696 279 1,855,139
At the year end the investment property was revalued by the director to its fair value.
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,081 3,725
Other debtors 1,409 1,956
12,490 5,681
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 26,138 27,540
Bank loans and overdrafts 5,000 5,000
Other creditors 11,580 9,269
Taxation and social security 100 -
42,818 41,809
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,108,878 797,102
Other creditors 449,250 411,862
1,558,128 1,208,964
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 1,088,878 777,102
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 1,071,772 759,973
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Reserves
The profit and loss reserve account records retained earnings and accumulated losses, including the revaluation reserve which records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. The profit and loss reserve account includes both distributable and non-distributable funds as detailed below:
Distributable reserves loss £20,817 (2023: loss £17,875)
Non-distributable reserves £223,207 (2023: £201,862)
Page 5