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 11694032 Mr Gareth Tennant Mrs Rachel Tennant iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11694032 2023-11-30 11694032 2024-11-30 11694032 2023-12-01 2024-11-30 11694032 frs-core:CurrentFinancialInstruments 2024-11-30 11694032 frs-core:Non-currentFinancialInstruments 2024-11-30 11694032 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-30 11694032 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 11694032 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 11694032 frs-core:PlantMachinery 2024-11-30 11694032 frs-core:PlantMachinery 2023-12-01 2024-11-30 11694032 frs-core:PlantMachinery 2023-11-30 11694032 frs-core:RevaluationReserve 2023-11-30 11694032 frs-core:RevaluationReserve 2024-11-30 11694032 frs-core:ShareCapital 2024-11-30 11694032 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 11694032 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11694032 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 11694032 frs-bus:SmallEntities 2023-12-01 2024-11-30 11694032 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 11694032 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 11694032 frs-bus:Director1 2023-12-01 2024-11-30 11694032 frs-bus:Director2 2023-12-01 2024-11-30 11694032 frs-countries:EnglandWales 2023-12-01 2024-11-30 11694032 2022-11-30 11694032 2023-11-30 11694032 2022-12-01 2023-11-30 11694032 frs-core:CurrentFinancialInstruments 2023-11-30 11694032 frs-core:Non-currentFinancialInstruments 2023-11-30 11694032 frs-core:RevaluationReserve 2023-11-30 11694032 frs-core:ShareCapital 2023-11-30 11694032 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 11694032
Morgan Cleo Property Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11694032
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 1,066,416 1,077,507
1,066,416 1,077,507
CURRENT ASSETS
Cash at bank and in hand 5,285 3,308
5,285 3,308
Creditors: Amounts Falling Due Within One Year 4 (226,890 ) (233,127 )
NET CURRENT ASSETS (LIABILITIES) (221,605 ) (229,819 )
TOTAL ASSETS LESS CURRENT LIABILITIES 844,811 847,688
Creditors: Amounts Falling Due After More Than One Year 5 (995,915 ) (984,074 )
NET LIABILITIES (151,104 ) (136,386 )
CAPITAL AND RESERVES
Called up share capital 6 10 10
Revaluation reserve 7 25,000 25,000
Profit and Loss Account (176,114 ) (161,396 )
SHAREHOLDERS' FUNDS (151,104) (136,386)
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 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 Gareth Tennant
Director
07/08/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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:
Freehold 1% straight line
Plant & Machinery 25% straight line
2. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
3. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 December 2023 1,113,417 24,476 1,137,893
As at 30 November 2024 1,113,417 24,476 1,137,893
Depreciation
As at 1 December 2023 35,910 24,476 60,386
Provided during the period 11,091 - 11,091
As at 30 November 2024 47,001 24,476 71,477
Net Book Value
As at 30 November 2024 1,066,416 - 1,066,416
As at 1 December 2023 1,077,507 - 1,077,507
Page 2
Page 3
4. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) 1
Other creditors 1,303 1,303
Directors' loan accounts 225,588 231,823
226,890 233,127
5. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 973,885 960,844
Other creditors 22,030 23,230
995,915 984,074
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
7. Reserves
Revaluation Reserve
£
As at 1 December 2023 25,000
As at 30 November 2024 25,000
Page 3