Acorah Software Products - Accounts Production 16.4.675 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 SC431229 Mrs Sandra MacKenzie Mr Fraser MacKenzie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC431229 2023-10-31 SC431229 2024-10-31 SC431229 2023-11-01 2024-10-31 SC431229 frs-core:CurrentFinancialInstruments 2024-10-31 SC431229 frs-core:Non-currentFinancialInstruments 2024-10-31 SC431229 frs-core:ComputerEquipment 2024-10-31 SC431229 frs-core:ComputerEquipment 2023-11-01 2024-10-31 SC431229 frs-core:ComputerEquipment 2023-10-31 SC431229 frs-core:InvestmentPropertyIncludedWithinPPE 2024-10-31 SC431229 frs-core:InvestmentPropertyIncludedWithinPPE 2023-11-01 2024-10-31 SC431229 frs-core:InvestmentPropertyIncludedWithinPPE 2023-10-31 SC431229 frs-core:ShareCapital 2024-10-31 SC431229 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC431229 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC431229 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 SC431229 frs-bus:SmallEntities 2023-11-01 2024-10-31 SC431229 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC431229 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 SC431229 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 SC431229 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-10-31 SC431229 frs-bus:Director1 2023-11-01 2024-10-31 SC431229 frs-bus:Director2 2023-11-01 2024-10-31 SC431229 frs-countries:Scotland 2023-11-01 2024-10-31 SC431229 2022-10-31 SC431229 2023-10-31 SC431229 2022-11-01 2023-10-31 SC431229 frs-core:CurrentFinancialInstruments 2023-10-31 SC431229 frs-core:Non-currentFinancialInstruments 2023-10-31 SC431229 frs-core:ShareCapital 2023-10-31 SC431229 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC431229 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31
Registered number: SC431229
MacK. Properties Ltd
Financial Statements
For The Year Ended 31 October 2024
Arthur Garty & Co. Ltd.
161 Albert Street
Dundee
Tayside
DD4 6PX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC431229
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 401,410 401,880
401,410 401,880
CURRENT ASSETS
Cash at bank and in hand 153 151
153 151
Creditors: Amounts Falling Due Within One Year 5 (189,963 ) (190,907 )
NET CURRENT ASSETS (LIABILITIES) (189,810 ) (190,756 )
TOTAL ASSETS LESS CURRENT LIABILITIES 211,600 211,124
Creditors: Amounts Falling Due After More Than One Year 6 - (9,951 )
NET ASSETS 211,600 201,173
CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 180,000 180,000
Profit and Loss Account 31,500 21,073
SHAREHOLDERS' FUNDS 211,600 201,173
Page 1
Page 2
For the year 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 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
Mrs Sandra MacKenzie
Director
Mr Fraser MacKenzie
Director
24th July 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
MacK. Properties Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC431229 . The registered office is 68B Dalkeith Road, Dundee, Tayside, DD4 7HE.
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 represents rental income for the period, excluding value added tax.
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 25% reducing balance
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 year was: 2 (2023: 2)
2 2
4. Tangible Assets
Investment Properties Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 November 2023 400,000 4,021 404,021
As at 31 October 2024 400,000 4,021 404,021
Depreciation
As at 1 November 2023 - 2,141 2,141
Provided during the period - 470 470
As at 31 October 2024 - 2,611 2,611
Net Book Value
As at 31 October 2024 400,000 1,410 401,410
As at 1 November 2023 400,000 1,880 401,880
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Page 4
Cost or valuation as at 31 October 2024 represented by:
Investment Properties Computer Equipment Total
£ £ £
At cost - 4,021 4,021
At valuation 400,000 - 400,000
400,000 4,021 404,021
The investment property was revalued by the directors in 2021 on a fair market value basis. The property cost £220,000.
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 19,535 31,429
Other creditors 166,874 155,932
Taxation and social security 3,554 3,546
189,963 190,907
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 9,951
7. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 19,535 41,380
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4
Page 5
9. Reserves
Fair Value Reserve
£
As at 1 November 2023 180,000
As at 31 October 2024 180,000
Page 5