Acorah Software Products - Accounts Production 16.3.350 false true false 4 October 2023 31 October 2024 31 October 2024 SC784910 Mrs Karen Young iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC784910 2023-10-03 SC784910 2024-10-31 SC784910 2023-10-04 2024-10-31 SC784910 frs-core:ComputerEquipment 2024-10-31 SC784910 frs-core:ComputerEquipment 2023-10-04 2024-10-31 SC784910 frs-core:ComputerEquipment 2023-10-03 SC784910 frs-core:ShareCapital 2024-10-31 SC784910 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC784910 frs-bus:PrivateLimitedCompanyLtd 2023-10-04 2024-10-31 SC784910 frs-bus:FilletedAccounts 2023-10-04 2024-10-31 SC784910 frs-bus:SmallEntities 2023-10-04 2024-10-31 SC784910 frs-bus:AuditExempt-NoAccountantsReport 2023-10-04 2024-10-31 SC784910 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-04 2024-10-31 SC784910 frs-bus:Director1 2023-10-04 2024-10-31 SC784910 frs-countries:Scotland 2023-10-04 2024-10-31
Registered number: SC784910
Young Property (Scotland) Ltd
Unaudited Financial Statements
For the Period 4 October 2023 to 31 October 2024
SBS Accountancy
Haypark Business Centre
Marchmont Avenue
Polmont
FK2 0NZ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: SC784910
31 October 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 246
Investment Properties 5 222,833
223,079
CURRENT ASSETS
Debtors 6 220
Cash at bank and in hand 3,119
3,339
Creditors: Amounts Falling Due Within One Year 7 (231,627 )
NET CURRENT ASSETS (LIABILITIES) (228,288 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,209 )
NET LIABILITIES (5,209 )
CAPITAL AND RESERVES
Called up share capital 8 1
Profit and Loss Account (5,210 )
SHAREHOLDERS' FUNDS (5,209)
For the period ending 31 October 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 her 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
Mrs Karen Young
Director
25th June 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Young Property (Scotland) Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC784910 . The registered office is 36 Liggars Place, Dunfermline, KY12 7XZ.
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 Straight line method over 3 years
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 period was: 1
1
4. Tangible Assets
Computer Equipment
£
Cost
As at 4 October 2023 -
Additions 279
As at 31 October 2024 279
Depreciation
As at 4 October 2023 -
Provided during the period 33
As at 31 October 2024 33
Net Book Value
As at 31 October 2024 246
As at 4 October 2023 -
Page 2
Page 3
5. Investment Property
31 October 2024
£
Fair Value
As at 4 October 2023 -
Additions 222,833
As at 31 October 2024 222,833
6. Debtors
31 October 2024
£
Due within one year
Other debtors 220
7. Creditors: Amounts Falling Due Within One Year
31 October 2024
£
Other creditors 231,627
8. Share Capital
31 October 2024
£
Allotted, Called up and fully paid 1
Page 3