Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 March 2023 false 1 January 2024 31 December 2024 31 December 2024 11186483 Mr Leonie Gittins Mr Robert Gittins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11186483 2023-12-31 11186483 2024-12-31 11186483 2024-01-01 2024-12-31 11186483 frs-core:CurrentFinancialInstruments 2024-12-31 11186483 frs-core:Non-currentFinancialInstruments 2024-12-31 11186483 frs-core:FurnitureFittings 2024-12-31 11186483 frs-core:FurnitureFittings 2024-01-01 2024-12-31 11186483 frs-core:FurnitureFittings 2023-12-31 11186483 frs-core:PlantMachinery 2024-12-31 11186483 frs-core:PlantMachinery 2024-01-01 2024-12-31 11186483 frs-core:PlantMachinery 2023-12-31 11186483 frs-core:ShareCapital 2024-12-31 11186483 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11186483 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11186483 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11186483 frs-bus:SmallEntities 2024-01-01 2024-12-31 11186483 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11186483 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11186483 frs-bus:Director1 2024-01-01 2024-12-31 11186483 frs-bus:Director2 2024-01-01 2024-12-31 11186483 frs-countries:EnglandWales 2024-01-01 2024-12-31 11186483 2023-02-28 11186483 2023-12-31 11186483 2023-03-01 2023-12-31 11186483 frs-core:CurrentFinancialInstruments 2023-12-31 11186483 frs-core:Non-currentFinancialInstruments 2023-12-31 11186483 frs-core:ShareCapital 2023-12-31 11186483 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11186483
Marches Assets Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11186483
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,268 6,989
Investment Properties 5 774,500 385,443
779,768 392,432
CURRENT ASSETS
Debtors 6 115,206 117,704
Cash at bank and in hand 45,016 55,365
160,222 173,069
Creditors: Amounts Falling Due Within One Year 7 (453,138 ) (311,504 )
NET CURRENT ASSETS (LIABILITIES) (292,916 ) (138,435 )
TOTAL ASSETS LESS CURRENT LIABILITIES 486,852 253,997
Creditors: Amounts Falling Due After More Than One Year 8 (491,255 ) (244,984 )
NET (LIABILITIES)/ASSETS (4,403 ) 9,013
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (4,503 ) 8,913
SHAREHOLDERS' FUNDS (4,403) 9,013
Page 1
Page 2
For the year ending 31 December 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 Robert Gittins
Director
04/06/2025
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
Marches Assets Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11186483 . The registered office is Park Plaza, Falcon Point, Heath Hayes, Staffordshire, WS12 2DE.
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:
Plant & Machinery 25% reducing balance
Fixtures & Fittings 15% 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: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2024 8,412 5,514 13,926
As at 31 December 2024 8,412 5,514 13,926
Depreciation
As at 1 January 2024 4,835 2,102 6,937
Provided during the period 894 827 1,721
As at 31 December 2024 5,729 2,929 8,658
Net Book Value
As at 31 December 2024 2,683 2,585 5,268
As at 1 January 2024 3,577 3,412 6,989
Page 3
Page 4
5. Investment Property
31 December 2024
£
Fair Value
As at 1 January 2024 385,443
Additions 389,057
As at 31 December 2024 774,500
6. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Trade debtors 528 -
Other debtors 114,678 117,704
115,206 117,704
7. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors 9,129 1,382
Other creditors 444,009 310,122
453,138 311,504
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 December 2023
£ £
Bank loans 491,255 244,984
9. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4