Acorah Software Products - Accounts Production 16.5.460 false true false 26 July 2024 31 March 2025 31 March 2025 NI719111 Mrs Lisa Kelly Mr Desmond Kelly iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI719111 2024-07-25 NI719111 2025-03-31 NI719111 2024-07-26 2025-03-31 NI719111 frs-core:Non-currentFinancialInstruments 2025-03-31 NI719111 frs-core:ShareCapital 2025-03-31 NI719111 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 NI719111 frs-bus:PrivateLimitedCompanyLtd 2024-07-26 2025-03-31 NI719111 frs-bus:FilletedAccounts 2024-07-26 2025-03-31 NI719111 frs-bus:SmallEntities 2024-07-26 2025-03-31 NI719111 frs-bus:AuditExempt-NoAccountantsReport 2024-07-26 2025-03-31 NI719111 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-26 2025-03-31 NI719111 frs-bus:Director1 2024-07-26 2025-03-31 NI719111 frs-bus:Director2 2024-07-26 2025-03-31 NI719111 frs-countries:NorthernIreland 2024-07-26 2025-03-31
Registered number: NI719111
Lm Kelly Properties Ltd
Unaudited Financial Statements
For the Period 26 July 2024 to 31 March 2025
John Herron Accountants
Certified Accountant
7 Grove Place
Derry
N. Ireland
BT48 6JT
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: NI719111
31 March 2025
Notes £ £
FIXED ASSETS
Investment Properties 4 73,155
73,155
CURRENT ASSETS
Cash at bank and in hand 145
145
Creditors: Amounts Falling Due Within One Year 6 (44,178 )
NET CURRENT ASSETS (LIABILITIES) (44,033 )
TOTAL ASSETS LESS CURRENT LIABILITIES 29,122
Creditors: Amounts Falling Due After More Than One Year 7 (19,300 )
NET ASSETS 9,822
CAPITAL AND RESERVES
Called up share capital 8 2
Profit and Loss Account 9,820
SHAREHOLDERS' FUNDS 9,822
For the period ending 31 March 2025 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 Lisa Kelly
Director
05/09/2025
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
Lm Kelly Properties Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI719111 . The registered office is 18 Ardkill Road, Ardmore, Derry, BT47 3RH.
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. 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.
2.3. 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 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 period, 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
4. Investment Property
31 March 2025
£
Fair Value
As at 26 July 2024 63,155
Fair value adjustments 10,000
As at 31 March 2025 73,155
5. Debtors
31 March 2025
£
Due within one year
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
31 March 2025
£
Other creditors 44,178
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2025
£
Other creditors 19,300
8. Share Capital
31 March 2025
£
Allotted, Called up and fully paid 2
Page 3