Acorah Software Products - Accounts Production 16.3.350 false true true 31 July 2024 1 February 2023 false 1 August 2024 30 September 2024 30 September 2024 13156906 Mr C P Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13156906 2024-07-31 13156906 2024-09-30 13156906 2024-08-01 2024-09-30 13156906 frs-core:CurrentFinancialInstruments 2024-09-30 13156906 frs-core:Non-currentFinancialInstruments 2024-09-30 13156906 frs-core:ShareCapital 2024-09-30 13156906 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 13156906 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2024-09-30 13156906 frs-bus:FilletedAccounts 2024-08-01 2024-09-30 13156906 frs-bus:SmallEntities 2024-08-01 2024-09-30 13156906 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2024-09-30 13156906 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2024-09-30 13156906 frs-core:CostValuation 2024-07-31 13156906 frs-core:CostValuation 2024-09-30 13156906 frs-core:ProvisionsForImpairmentInvestments 2024-07-31 13156906 frs-core:ProvisionsForImpairmentInvestments 2024-09-30 13156906 frs-bus:Director1 2024-08-01 2024-09-30 13156906 frs-core:CurrentFinancialInstruments 2 2024-09-30 13156906 frs-countries:EnglandWales 2024-08-01 2024-09-30 13156906 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-07-31 13156906 2023-01-31 13156906 2024-07-31 13156906 2023-02-01 2024-07-31 13156906 frs-core:CurrentFinancialInstruments 2024-07-31 13156906 frs-core:Non-currentFinancialInstruments 2024-07-31 13156906 frs-core:ShareCapital 2024-07-31 13156906 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 13156906 frs-core:CurrentFinancialInstruments 2 2024-07-31
Registered number: 13156906
Turnquay Developments Ltd
Unaudited Financial Statements
For the Period 1 August 2024 to 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13156906
30 September 2024 31 July 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,423,561 1,423,561
Investments 5 6,000 6,000
1,429,561 1,429,561
CURRENT ASSETS
Debtors 6 53,240 83,710
Cash at bank and in hand 43,555 15,439
96,795 99,149
Creditors: Amounts Falling Due Within One Year 7 (794,823 ) (782,342 )
NET CURRENT ASSETS (LIABILITIES) (698,028 ) (683,193 )
TOTAL ASSETS LESS CURRENT LIABILITIES 731,533 746,368
Creditors: Amounts Falling Due After More Than One Year 8 (158,981 ) (160,124 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (123,393 ) (123,393 )
NET ASSETS 449,159 462,851
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 449,059 462,751
SHAREHOLDERS' FUNDS 449,159 462,851
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For the period 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 C P Jones
Director
25 June 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Turnquay Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13156906 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2. Going Concern Disclosure
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements. 
2.3. 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.
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.
2.4. Investment Properties
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
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. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.6. 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 period was: 1 (2024: 1)
1 1
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4. Investment Property
30 September 2024
£
Fair Value
As at 1 August 2024 and 30 September 2024 1,423,561
The directors have valued the investment properties on an open market basis as at the reporting date, which they consider accurately reflects their fair value.
5. Investments
Other
£
Cost
As at 1 August 2024 11,000
As at 30 September 2024 11,000
Provision
As at 1 August 2024 5,000
As at 30 September 2024 5,000
Net Book Value
As at 30 September 2024 6,000
As at 1 August 2024 6,000
6. Debtors
30 September 2024 31 July 2024
£ £
Due within one year
Prepayments and accrued income 3,160 18,630
Other debtors 80 80
Abbey Group International Limited 50,000 65,000
53,240 83,710
7. Creditors: Amounts Falling Due Within One Year
30 September 2024 31 July 2024
£ £
Trade creditors 1,148 864
Bank loans and overdrafts 261,926 244,721
Corporation tax 6,271 7,784
VAT 26,537 21,759
Other creditors 473,154 467,206
Accruals and deferred income 5,906 20,179
Director's loan account 19,881 19,829
794,823 782,342
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8. Creditors: Amounts Falling Due After More Than One Year
30 September 2024 31 July 2024
£ £
Bank loans 158,981 160,124
Of the creditors falling due after more than one year the following amounts are due after more than five years.
30 September 2024 31 July 2024
£ £
Bank loans - 132,292
9. Secured Creditors
The bank loans are secured against the assets to which they relate. 
10. Share Capital
30 September 2024 31 July 2024
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
12. 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 as follows:
Profit and (loss) distributable:
As at 30/09/2024 - £78,879
As at 31/07/2024 - £92,571
Profit and (loss) non-distributable:
As at 30/09/2024 - £370,180
As at 31/07/2024 - £370,180
13. Related Party Transactions
The following related party transactions were undertaken during the period:
The director introduced funds totalling £52 (PE 31.07.24: £468) and withdrew funds in the period totalling £Nil (PE 31.07.24: £Nil). At the balance sheet date the amount payable to the director was £19,881 (PE 31.07.24: £19,829). 
A company under common control was repaid amounts totalling £Nil (PE 31.07.24: £50,000) and advanced amounts totalling £6,268 (PE 31.07.24: £26,115). At the balance sheet date the amount payable to a company under common control was £196,383 (PE 31.07.24: £190,115).
No dividends were paid to the director or shareholders in respect of their shareholdings in the current or prior periods.
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
14. Change of year end
During the period, the company decided to change its financial year-end from 31 July to 30 September. This change was made to align the company's reporting period with that of companies under common control. Comparative figures for the previous period cover the 18-month period from 1 February 2023 to 31 July 2024.
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