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 06758069 Gary Everett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06758069 2023-09-30 06758069 2024-09-30 06758069 2023-10-01 2024-09-30 06758069 frs-core:ComputerEquipment 2023-10-01 2024-09-30 06758069 frs-core:FurnitureFittings 2023-10-01 2024-09-30 06758069 frs-core:NetGoodwill 2023-10-01 2024-09-30 06758069 frs-core:ShareCapital 2024-09-30 06758069 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 06758069 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06758069 frs-bus:AbridgedAccounts 2023-10-01 2024-09-30 06758069 frs-bus:SmallEntities 2023-10-01 2024-09-30 06758069 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 06758069 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 06758069 frs-bus:Director1 2023-10-01 2024-09-30 06758069 frs-countries:EnglandWales 2023-10-01 2024-09-30 06758069 2022-09-30 06758069 2023-09-30 06758069 2022-10-01 2023-09-30 06758069 frs-core:ShareCapital 2023-09-30 06758069 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 06758069
Ipswich Property Management Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 06758069
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,679 2,386
1,679 2,386
CURRENT ASSETS
Debtors 18,739 171
Cash at bank and in hand 85,092 113,820
103,831 113,991
Creditors: Amounts Falling Due Within One Year (92,360 ) (73,875 )
NET CURRENT ASSETS (LIABILITIES) 11,471 40,116
TOTAL ASSETS LESS CURRENT LIABILITIES 13,150 42,502
PROVISIONS FOR LIABILITIES
Deferred Taxation (319 ) -
NET ASSETS 12,831 42,502
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 12,830 42,501
SHAREHOLDERS' FUNDS 12,831 42,502
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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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 September 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Gary Everett
Director
26/06/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Ipswich Property Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06758069 . The registered office is 11 North Hill, Colchester, Essex, CO1 1DZ.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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:
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 33% Reducing Balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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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2.7. Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
2.8. Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Intangible Assets
Total
£
Cost
As at 1 October 2023 33,035
As at 30 September 2024 33,035
Amortisation
As at 1 October 2023 33,035
As at 30 September 2024 33,035
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 -
5. Tangible Assets
Total
£
Cost
As at 1 October 2023 17,643
Disposals (2,091 )
As at 30 September 2024 15,552
Depreciation
As at 1 October 2023 15,257
Provided during the period 699
Disposals (2,083 )
As at 30 September 2024 13,873
Net Book Value
As at 30 September 2024 1,679
As at 1 October 2023 2,386
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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