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 SC642142 Mr Fraser Drain Mr Stuart Drain iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC642142 2023-09-30 SC642142 2024-09-30 SC642142 2023-10-01 2024-09-30 SC642142 frs-core:CurrentFinancialInstruments 2024-09-30 SC642142 frs-core:Non-currentFinancialInstruments 2024-09-30 SC642142 frs-core:FurnitureFittings 2024-09-30 SC642142 frs-core:FurnitureFittings 2023-10-01 2024-09-30 SC642142 frs-core:FurnitureFittings 2023-09-30 SC642142 frs-core:ShareCapital 2024-09-30 SC642142 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 SC642142 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC642142 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 SC642142 frs-bus:SmallEntities 2023-10-01 2024-09-30 SC642142 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC642142 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC642142 frs-bus:Director1 2023-10-01 2024-09-30 SC642142 frs-bus:Director2 2023-10-01 2024-09-30 SC642142 frs-countries:Scotland 2023-10-01 2024-09-30 SC642142 2022-09-30 SC642142 2023-09-30 SC642142 2022-10-01 2023-09-30 SC642142 frs-core:CurrentFinancialInstruments 2023-09-30 SC642142 frs-core:Non-currentFinancialInstruments 2023-09-30 SC642142 frs-core:ShareCapital 2023-09-30 SC642142 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: SC642142
G15 Properties Limited
Financial Statements
For The Year Ended 30 September 2024
Northgate Accounting Services Limited
1 MacDowall Street
Paisley
PA3 2NB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC642142
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 752 1,003
Investment Properties 5 142,618 142,618
143,370 143,621
CURRENT ASSETS
Cash at bank and in hand 675 306
675 306
Creditors: Amounts Falling Due Within One Year 6 (7,915 ) (2,504 )
NET CURRENT ASSETS (LIABILITIES) (7,240 ) (2,198 )
TOTAL ASSETS LESS CURRENT LIABILITIES 136,130 141,423
Creditors: Amounts Falling Due After More Than One Year 7 (130,820 ) (130,820 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (191 ) (191 )
NET ASSETS 5,119 10,412
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 5,019 10,312
SHAREHOLDERS' FUNDS 5,119 10,412
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 Fraser Drain
Director
28th June 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
G15 Properties Limited is a private company, limited by shares, incorporated in Scotland, registered number SC642142 . The registered office is 2.25, 1 Macdowall Street, Storage Vault, Paisley, PA3 2NB.
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 25%
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: NIL (2023: )
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 October 2023 1,115
As at 30 September 2024 1,115
Depreciation
As at 1 October 2023 112
Provided during the period 251
As at 30 September 2024 363
Net Book Value
As at 30 September 2024 752
As at 1 October 2023 1,003
Page 3
Page 4
5. Investment Property
2024
£
Fair Value
As at 1 October 2023 and 30 September 2024 142,618
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Other creditors 7,916 1,067
Taxation and social security - 1,437
7,915 2,504
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 130,820 130,820
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4