Acorah Software Products - Accounts Production 16.4.675 false true 29 August 2023 30 August 2022 false 30 August 2023 29 August 2024 29 August 2024 11529626 B Thurston N Waller iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11529626 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-08-29 11529626 2023-08-29 11529626 2024-08-29 11529626 2023-08-30 2024-08-29 11529626 frs-core:CurrentFinancialInstruments 2024-08-29 11529626 frs-core:Non-currentFinancialInstruments 2024-08-29 11529626 frs-core:ShareCapital 2024-08-29 11529626 frs-core:RetainedEarningsAccumulatedLosses 2024-08-29 11529626 frs-bus:PrivateLimitedCompanyLtd 2023-08-30 2024-08-29 11529626 frs-bus:FilletedAccounts 2023-08-30 2024-08-29 11529626 frs-bus:SmallEntities 2023-08-30 2024-08-29 11529626 frs-bus:AuditExempt-NoAccountantsReport 2023-08-30 2024-08-29 11529626 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-30 2024-08-29 11529626 frs-bus:Director1 2023-08-30 2024-08-29 11529626 frs-bus:Director2 2023-08-30 2024-08-29 11529626 frs-countries:EnglandWales 2023-08-30 2024-08-29 11529626 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-08-29 11529626 2022-08-29 11529626 2023-08-29 11529626 2022-08-30 2023-08-29 11529626 frs-core:CurrentFinancialInstruments 2023-08-29 11529626 frs-core:Non-currentFinancialInstruments 2023-08-29 11529626 frs-core:ShareCapital 2023-08-29 11529626 frs-core:RetainedEarningsAccumulatedLosses 2023-08-29
Registered number: 11529626
Unite Properties & Development Limited
Unaudited Financial Statements
For The Year Ended 29 August 2024
KRJH Limited T/A Century 21 Chartered Accountants
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11529626
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 706,684 706,684
706,684 706,684
CURRENT ASSETS
Debtors 5 75,471 14,918
Cash at bank and in hand 19,829 204,904
95,300 219,822
Creditors: Amounts Falling Due Within One Year 6 (165,956 ) (318,468 )
NET CURRENT ASSETS (LIABILITIES) (70,656 ) (98,646 )
TOTAL ASSETS LESS CURRENT LIABILITIES 636,028 608,038
Creditors: Amounts Falling Due After More Than One Year 7 (680,115 ) (649,514 )
NET LIABILITIES (44,087 ) (41,476 )
CAPITAL AND RESERVES
Called up share capital 9 99 99
Profit and Loss Account (44,186 ) (41,575 )
SHAREHOLDERS' FUNDS (44,087) (41,476)
For the year ending 29 August 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
B Thurston
Director
29/08/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Unite Properties & Development Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11529626 . The registered office is Unit 1B, Naseby Street, Sheffield, S9 1BR.
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. 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: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 30 August 2023 and 29 August 2024 706,684
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by participating interests 62,850 2,125
Other debtors 12,621 12,793
75,471 14,918
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 29,094 30,764
Amounts owed to participating interests 67,771 287,224
Other creditors 69,091 480
165,956 318,468
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,755 4,517
Mortgages > 1 Year 676,360 644,997
680,115 649,514
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 676,360 644,997
8. Secured Creditors
The mortgage liabilities are secured on the investment properties to which they relate.
2024 2023
£ £
Bank loans and overdrafts 676,360 644,997
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 99 99
10. Related Party Transactions
The amounts owed by related parties at the YE 29 August 2024 was as follows:
Amounts owed by connected companies £62,850 (2023: £2,125)
Directors loan account £4,958 (2023: £4,958)
These loans are interest free and payable on demand.
The amount owed to related parties at the YE 29 August 2024 was as follows:
Amounts owed to connected companies £67,772 (2023: £267,224)
These loans are interest free and payable on demand.
Page 3