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 13643818 Mr M Cameron iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13643818 2023-09-30 13643818 2024-09-30 13643818 2023-10-01 2024-09-30 13643818 frs-core:CurrentFinancialInstruments 2024-09-30 13643818 frs-core:Non-currentFinancialInstruments 2024-09-30 13643818 frs-core:ComputerEquipment 2024-09-30 13643818 frs-core:ComputerEquipment 2023-10-01 2024-09-30 13643818 frs-core:ComputerEquipment 2023-09-30 13643818 frs-core:ShareCapital 2024-09-30 13643818 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 13643818 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 13643818 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 13643818 frs-bus:SmallEntities 2023-10-01 2024-09-30 13643818 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 13643818 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 13643818 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-09-30 13643818 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-09-30 13643818 frs-bus:Director1 2023-10-01 2024-09-30 13643818 frs-countries:EnglandWales 2023-10-01 2024-09-30 13643818 2022-09-30 13643818 2023-09-30 13643818 2022-10-01 2023-09-30 13643818 frs-core:CurrentFinancialInstruments 2023-09-30 13643818 frs-core:Non-currentFinancialInstruments 2023-09-30 13643818 frs-core:ShareCapital 2023-09-30 13643818 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 13643818 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-09-30
Registered number: 13643818
M&C Cameron Property Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13643818
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 499 -
Investment Properties 5 280,000 275,000
280,499 275,000
CURRENT ASSETS
Cash at bank and in hand 5,334 6,283
5,334 6,283
Creditors: Amounts Falling Due Within One Year 6 (124,637 ) (125,215 )
NET CURRENT ASSETS (LIABILITIES) (119,303 ) (118,932 )
TOTAL ASSETS LESS CURRENT LIABILITIES 161,196 156,068
Creditors: Amounts Falling Due After More Than One Year 7 (207,890 ) (207,862 )
NET LIABILITIES (46,694 ) (51,794 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 (34,351 ) (39,351 )
Profit and Loss Account (12,443 ) (12,543 )
SHAREHOLDERS' FUNDS (46,694) (51,794)
Page 1
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 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 M Cameron
Director
23 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
M&C Cameron Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13643818 . The registered office is 4 Nile Drive, Swarland, Morpeth, NE65 9PQ.
The presentation currency of the financial statements is the Pound Sterling (£).
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 rental of investment property.
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 20%
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
Computer Equipment
£
Cost or Valuation
As at 1 October 2023 -
Additions 624
As at 30 September 2024 624
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 October 2023 -
Provided during the period 125
As at 30 September 2024 125
Net Book Value
As at 30 September 2024 499
As at 1 October 2023 -
5. Investment Property
2024
£
Fair Value
As at 1 October 2023 275,000
Fair value adjustments 5,000
As at 30 September 2024 280,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 314,351 314,351
Investment property was valued on an open market basis on 31 May 2025 by the director.
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 3,168 1,758
Director's loan account 121,469 123,457
124,637 125,215
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 207,890 207,862
Page 4
Page 5
8. Secured Creditors
Of the creditors the following amounts are secured.
The bank loan is secured against investment property.
2024 2023
£ £
Bank loans and overdrafts 207,890 207,862
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Fair Value Reserve
£
As at 1 October 2023 (39,351 )
Movements in fair value reserve 5,000
As at 30 September 2024 (34,351 )
Page 5