Acorah Software Products - Accounts Production 16.3.350 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 SC490366 Mr John O'Malley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC490366 2023-11-30 SC490366 2024-11-30 SC490366 2023-12-01 2024-11-30 SC490366 frs-core:CurrentFinancialInstruments 2024-11-30 SC490366 frs-core:Non-currentFinancialInstruments 2024-11-30 SC490366 frs-core:ComputerEquipment 2024-11-30 SC490366 frs-core:ComputerEquipment 2023-12-01 2024-11-30 SC490366 frs-core:ComputerEquipment 2023-11-30 SC490366 frs-core:FurnitureFittings 2024-11-30 SC490366 frs-core:FurnitureFittings 2023-12-01 2024-11-30 SC490366 frs-core:FurnitureFittings 2023-11-30 SC490366 frs-core:ShareCapital 2024-11-30 SC490366 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 SC490366 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 SC490366 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 SC490366 frs-bus:SmallEntities 2023-12-01 2024-11-30 SC490366 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 SC490366 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 SC490366 frs-core:UnlistedNon-exchangeTraded 2024-11-30 SC490366 frs-core:UnlistedNon-exchangeTraded 2023-11-30 SC490366 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-11-30 SC490366 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-11-30 SC490366 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-11-30 SC490366 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-11-30 SC490366 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-11-30 SC490366 frs-bus:Director1 2023-12-01 2024-11-30 SC490366 frs-core:CurrentFinancialInstruments 1 2024-11-30 SC490366 frs-countries:Scotland 2023-12-01 2024-11-30 SC490366 2022-11-30 SC490366 2023-11-30 SC490366 2022-12-01 2023-11-30 SC490366 frs-core:CurrentFinancialInstruments 2023-11-30 SC490366 frs-core:Non-currentFinancialInstruments 2023-11-30 SC490366 frs-core:ShareCapital 2023-11-30 SC490366 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 SC490366 frs-core:CurrentFinancialInstruments 1 2023-11-30
Registered number: SC490366
O'Malley Property Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
First Base Accountants
Pavilion 2
Castlecraig Business Park
Stirling
FK7 7SH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC490366
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,194 8,101
Investments 5 1,300 100
7,494 8,201
CURRENT ASSETS
Debtors 6 142,281 125,790
Cash at bank and in hand 105,882 82,628
248,163 208,418
Creditors: Amounts Falling Due Within One Year 7 (17,578 ) (63,670 )
NET CURRENT ASSETS (LIABILITIES) 230,585 144,748
TOTAL ASSETS LESS CURRENT LIABILITIES 238,079 152,949
Creditors: Amounts Falling Due After More Than One Year 8 (228,198 ) (132,293 )
NET ASSETS 9,881 20,656
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 9,781 20,556
SHAREHOLDERS' FUNDS 9,881 20,656
Page 1
Page 2
For the year ending 30 November 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 John O'Malley
Director
17/07/2025
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
O'Malley Property Limited is a private company, limited by shares, incorporated in Scotland, registered number SC490366 . The registered office is 6 Primrose Street, Alloa, FK10 1JG.
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:
Fixtures & Fittings 20% Reducing balance
Computer Equipment 33% Straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 8)
7 8
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 December 2023 25,041 7,347 32,388
As at 30 November 2024 25,041 7,347 32,388
...CONTINUED
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Page 4
Depreciation
As at 1 December 2023 19,149 5,138 24,287
Provided during the period 1,178 729 1,907
As at 30 November 2024 20,327 5,867 26,194
Net Book Value
As at 30 November 2024 4,714 1,480 6,194
As at 1 December 2023 5,892 2,209 8,101
5. Investments
Unlisted
£
Cost
As at 1 December 2023 100
Additions 1,200
As at 30 November 2024 1,300
Provision
As at 1 December 2023 -
As at 30 November 2024 -
Net Book Value
As at 30 November 2024 1,300
As at 1 December 2023 100
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 37,174 61,416
Prepayments and accrued income 10,262 -
Other debtors 94,845 63,609
Other taxes and social security - 765
142,281 125,790
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,755 23,183
Other taxes and social security 3,860 -
VAT 2,482 16,410
Pension creditor 1,272 1,559
Director's loan account 209 22,518
17,578 63,670
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 228,198 132,293
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5