Acorah Software Products - Accounts Production 16.2.850 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 SC547525 Mr John MacColl Mr Shahid Latif iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC547525 2023-10-31 SC547525 2024-10-31 SC547525 2023-11-01 2024-10-31 SC547525 frs-core:CurrentFinancialInstruments 2024-10-31 SC547525 frs-core:FurnitureFittings 2024-10-31 SC547525 frs-core:FurnitureFittings 2023-11-01 2024-10-31 SC547525 frs-core:FurnitureFittings 2023-10-31 SC547525 frs-core:InvestmentPropertyIncludedWithinPPE 2024-10-31 SC547525 frs-core:InvestmentPropertyIncludedWithinPPE 2023-11-01 2024-10-31 SC547525 frs-core:InvestmentPropertyIncludedWithinPPE 2023-10-31 SC547525 frs-core:ShareCapital 2024-10-31 SC547525 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC547525 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC547525 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 SC547525 frs-bus:SmallEntities 2023-11-01 2024-10-31 SC547525 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC547525 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 SC547525 frs-core:AcceleratedTaxDepreciationDeferredTax 2024-10-31 SC547525 frs-core:RevaluationInvestmentPropertyDeferredTax 2024-10-31 SC547525 frs-bus:Director1 2023-11-01 2024-10-31 SC547525 frs-bus:Director2 2023-11-01 2024-10-31 SC547525 frs-core:CurrentFinancialInstruments 1 2024-10-31 SC547525 frs-countries:Scotland 2023-11-01 2024-10-31 SC547525 2022-10-31 SC547525 2023-10-31 SC547525 2022-11-01 2023-10-31 SC547525 frs-core:CurrentFinancialInstruments 2023-10-31 SC547525 frs-core:ShareCapital 2023-10-31 SC547525 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC547525 frs-core:AcceleratedTaxDepreciationDeferredTax 2023-10-31 SC547525 frs-core:CurrentFinancialInstruments 1 2023-10-31
Registered number: SC547525
Lawnmarket Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: SC547525
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 252,596 220,025
252,596 220,025
CURRENT ASSETS
Cash at bank and in hand 27,555 5,779
27,555 5,779
Creditors: Amounts Falling Due Within One Year 5 (140,347 ) (139,646 )
NET CURRENT ASSETS (LIABILITIES) (112,792 ) (133,867 )
TOTAL ASSETS LESS CURRENT LIABILITIES 139,804 86,158
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (8,906 ) (580 )
NET ASSETS 130,898 85,578
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 130,896 85,576
SHAREHOLDERS' FUNDS 130,898 85,578
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
Mr John MacColl
Director
28/07/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Lawnmarket Limited is a private company, limited by shares, incorporated in Scotland, registered number SC547525 . The registered office is 23 Academy Street, Inverness, IV1 1JN.
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 from the letting of a commercial property, excluding VAT. Rental income is apportioned on a time basis over the period of occupancy in line with the terms of the lease agreement.
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 15% on 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.
2.5. Financial Instruments
The company only has basic financial instruments.

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
2.6. 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.
Page 2
Page 3
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 Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 November 2023 216,971 9,528 226,499
Revaluation 33,029 - 33,029
As at 31 October 2024 250,000 9,528 259,528
Depreciation
As at 1 November 2023 - 6,474 6,474
Provided during the period - 458 458
As at 31 October 2024 - 6,932 6,932
Net Book Value
As at 31 October 2024 250,000 2,596 252,596
As at 1 November 2023 216,971 3,054 220,025
Cost or valuation as at 31 October 2024 represented by:
Investment Properties Fixtures & Fittings Total
£ £ £
At cost - 9,528 9,528
At valuation 250,000 - 250,000
250,000 9,528 259,528
In accordance with Section 1A 'Small Entities' of Financial Reporting Standard 102, no depreciation is provided in respect of investment property.
Investment property has been measured at fair value, which is the open market value of the property, by the directors and they consider this to equate to cost. Any fair value adjustment has been taken through the profit and loss account.
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 5,048 4,346
Other loan 133,300 133,300
Accruals and deferred income 1,999 2,000
140,347 139,646
6. Secured Creditors
Svenkska Handelsbanken Ab (Publ) holds a charge over the propery at 23 Academy Street, Inverness, IV1 1JN.

Of the creditors falling due within and after more than one year the following amounts are secured.
Page 3
Page 4
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Accelerated capital allowances 649 580
Revaluation of investment properties 8,257 -
8,906 580
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Related Party Transactions
Lawnmarket Ltd & Craig Wood Solicitors Ltd are associated through virtue of common control.
At 31st October 2024 the amount owed by Lawnmarket Ltd to Craig Wood Solicitors Ltd was £133,300 (2023: £133,300). This balance is non-interest bearing and is repayable on demand.
Page 4