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 03270943 Mr Philip Coussens Mrs Colette Coussens iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03270943 2023-10-31 03270943 2024-10-31 03270943 2023-11-01 2024-10-31 03270943 frs-core:CurrentFinancialInstruments 2024-10-31 03270943 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 03270943 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03270943 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 03270943 frs-core:ShareCapital 2024-10-31 03270943 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 03270943 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 03270943 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 03270943 frs-bus:SmallEntities 2023-11-01 2024-10-31 03270943 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 03270943 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 03270943 frs-bus:Director1 2023-11-01 2024-10-31 03270943 frs-bus:Director2 2023-11-01 2024-10-31 03270943 frs-countries:EnglandWales 2023-11-01 2024-10-31 03270943 2022-10-31 03270943 2023-10-31 03270943 2022-11-01 2023-10-31 03270943 frs-core:CurrentFinancialInstruments 2023-10-31 03270943 frs-core:ShareCapital 2023-10-31 03270943 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 03270943
Sydney Lodge Management Company Limited
Financial Statements
For The Year Ended 31 October 2024
H B Mistry & Co Ltd
Chartered accountants
Tudor House Mill Lane
Calcot
Reading
RG31 7RS
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 03270943
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,250 32,250
32,250 32,250
CURRENT ASSETS
Debtors 5 15,249 -
Cash at bank and in hand 335 335
15,584 335
Creditors: Amounts Falling Due Within One Year 6 (11,917 ) (35,605 )
NET CURRENT ASSETS (LIABILITIES) 3,667 (35,270 )
TOTAL ASSETS LESS CURRENT LIABILITIES 35,917 (3,020 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (7,694 ) -
NET ASSETS/(LIABILITIES) 28,223 (3,020 )
CAPITAL AND RESERVES
Called up share capital 8 9 9
Profit and Loss Account 28,214 (3,029 )
SHAREHOLDERS' FUNDS 28,223 (3,020)
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 Colette Coussens
Director
1st July 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
Sydney Lodge Management Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03270943 . The registered office is Kennet Orley Woolhampton Hill, Woolhampton, Reading, RG7 5SY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. 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:
Freehold 0%
2.3. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 November 2023 32,250
As at 31 October 2024 32,250
Net Book Value
As at 31 October 2024 32,250
As at 1 November 2023 32,250
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 15,249 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 8,562 -
Amounts owed to group undertakings 3,355 3,355
Amounts owed to subsidiaries - 32,250
11,917 35,605
7. Deferred Taxation
The provision for deferred tax relate to potential tax due between the original freehold interest cost of £774 and the sum at which the amount has been acquired from the parent company, Saday Limited. The transfer was made from the parent company on a No Gain/No loss basis under TCGA 1992 Section 171.1
2024 2023
£ £
Other timing differences 7,694 -
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 9 9
9. Related Party Transactions
The net amount due to the parent company was £3,355 (2023 £35,605). Administrative expenses were paid paid by the parent company.
The net amount due from the parent company was £15,249.
10. Contolling Party
The company is a subsidiary of Saday Limited which is the ultimate parent company.
Page 3