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 05330905 Mrs P Brady Mr J C McGinnis Mrs P Brady true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05330905 2023-09-30 05330905 2024-09-30 05330905 2023-10-01 2024-09-30 05330905 frs-core:CurrentFinancialInstruments 2024-09-30 05330905 frs-core:Non-currentFinancialInstruments 2024-09-30 05330905 frs-core:ShareCapital 2024-09-30 05330905 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 05330905 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05330905 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 05330905 frs-bus:SmallEntities 2023-10-01 2024-09-30 05330905 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05330905 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05330905 1 2023-10-01 2024-09-30 05330905 frs-core:UnlistedNon-exchangeTraded 2024-09-30 05330905 frs-core:UnlistedNon-exchangeTraded 2023-09-30 05330905 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-09-30 05330905 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-09-30 05330905 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-09-30 05330905 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-09-30 05330905 frs-bus:Director1 2023-10-01 2024-09-30 05330905 frs-bus:Director2 2023-10-01 2024-09-30 05330905 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 05330905 frs-countries:EnglandWales 2023-10-01 2024-09-30 05330905 2022-09-30 05330905 2023-09-30 05330905 2022-10-01 2023-09-30 05330905 frs-core:CurrentFinancialInstruments 2023-09-30 05330905 frs-core:Non-currentFinancialInstruments 2023-09-30 05330905 frs-core:ShareCapital 2023-09-30 05330905 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 05330905
Uladh Properties Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05330905
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 67,669 67,669
67,669 67,669
CURRENT ASSETS
Stocks 5 15,828 15,828
Debtors 6 1,816,931 1,897,647
Cash at bank and in hand 103,792 6,326
1,936,551 1,919,801
Creditors: Amounts Falling Due Within One Year 7 (249,846 ) (218,627 )
NET CURRENT ASSETS (LIABILITIES) 1,686,705 1,701,174
TOTAL ASSETS LESS CURRENT LIABILITIES 1,754,374 1,768,843
Creditors: Amounts Falling Due After More Than One Year 8 (7,548 ) (17,604 )
NET ASSETS 1,746,826 1,751,239
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 1,745,826 1,750,239
SHAREHOLDERS' FUNDS 1,746,826 1,751,239
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 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 J C McGinnis
Director
26/05/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Uladh Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05330905 . The registered office is First Floor Templeback, 10 Temple Back, Bristol, BS1 6FL.
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. Stocks and Work in Progress
Stock is stated at the lower of cost and net realisable value. Cost comprises cost of land, materials and other costs relevant to the stage of completion of work in progress.
2.4. 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.
2.5. Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the profit and loss account in the year in which it is receivable.
2.6. Debtors
Debtors are stated after all known bad debts have been written off and specific provision has been made against all debts considered doubtful of collection.
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Page 4
2.7. Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments regardless of maturity. Bank overdrafts are shown within borrowings in liabilities falling due within one year.
2.8. Registrar Filing Requirements
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Cash Flow Statement because it is classified as a small company.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investments
Unlisted
£
Cost
As at 1 October 2023 67,669
As at 30 September 2024 67,669
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 67,669
As at 1 October 2023 67,669
5. Stocks
2024 2023
£ £
Work in progress 15,828 15,828
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,816,931 1,897,647
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 282 363
Bank loans and overdrafts 10,655 10,655
Amounts owed to participating interests 183,024 183,024
Other creditors 31,918 16,469
Taxation and social security 23,967 8,116
249,846 218,627
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,548 17,604
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Post Balance Sheet Events
There have been no significant events affecting the company since the year end. 
11. Related Party Transactions
By reason of JC McGinnis being a director of or through an interest in the ordinary share capital of each held by his wife
Mrs A McGinnis, the undernoted are regarded by the directors as related parties:
Campsie Three LimitedDue by Campsie Three Limited at 30 September 2024£34,630

Campsie Three Limited

Due by Campsie Three Limited at 30 September 2024

£34,630

Campsie Two LimitedDue by Campsie Two Limited at 30 September 2024£15,000

Campsie Two Limited

Due by Campsie Two Limited at 30 September 2024

£15,000

McGinnis Developments LimitedDue by McGinnis Developments Limited at 30 September 2024£428,898

McGinnis Developments Limited

Due by McGinnis Developments Limited at 30 September 2024

£428,898

Malone B3 Property LimitedDue by Malone B3 Property Limited at 30 September 2024£164,530

Malone B3 Property Limited

Due by Malone B3 Property Limited at 30 September 2024

£164,530

Harbour Mills LimitedDue by Harbour Mills Limited at 30 September 2024£578,569

Harbour Mills Limited

Due by Harbour Mills Limited at 30 September 2024

£578,569

Foyle Investments LimitedDue by Foyle Investments Limited at 30 September 2024£60,000

Foyle Investments Limited

Due by Foyle Investments Limited at 30 September 2024

£60,000

McGinnis Developments (North West) LimitedDue by McGinnis Developments (North West) Limited at 30 September 2024£3,000

McGinnis Developments (North West) Limited

Due by McGinnis Developments (North West) Limited at 30 September 2024

£3,000

Edenreagh Developments LimitedDue to Edenreagh Developments Limited at 30 September 2024£183,024

Edenreagh Developments Limited

Due to Edenreagh Developments Limited at 30 September 2024

£183,024

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12. Ultimate Controlling Party
Through her shareholding in the company Anne McGinnis is considered to be the ultimate controlling party.
Page 6