Acorah Software Products - Accounts Production 16.5.460 false true true false 21 November 2023 31 December 2024 31 December 2024 15298901 Mrs N K McLachlan Mr N D Roberts true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15298901 2023-11-20 15298901 2024-12-31 15298901 2023-11-21 2024-12-31 15298901 frs-core:CurrentFinancialInstruments 2024-12-31 15298901 frs-core:ShareCapital 2024-12-31 15298901 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 15298901 frs-bus:PrivateLimitedCompanyLtd 2023-11-21 2024-12-31 15298901 frs-bus:FilletedAccounts 2023-11-21 2024-12-31 15298901 frs-bus:SmallEntities 2023-11-21 2024-12-31 15298901 frs-bus:AuditExempt-NoAccountantsReport 2023-11-21 2024-12-31 15298901 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-21 2024-12-31 15298901 1 2023-11-21 2024-12-31 15298901 frs-core:UnlistedNon-exchangeTraded 2024-12-31 15298901 frs-core:UnlistedNon-exchangeTraded 2023-11-20 15298901 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-11-20 15298901 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 15298901 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 15298901 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-11-20 15298901 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 15298901 frs-bus:Director1 2023-11-21 2024-12-31 15298901 frs-bus:Director2 2023-11-21 2024-12-31 15298901 frs-countries:EnglandWales 2023-11-21 2024-12-31
Registered number: 15298901
District and County Developments Limited
Unaudited Financial Statements
For the Period 21 November 2023 to 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 15298901
31 December 2024
Notes £ £
FIXED ASSETS
Investments 4 65
65
CURRENT ASSETS
Debtors 5 2,220
2,220
Creditors: Amounts Falling Due Within One Year 6 (7,529 )
NET CURRENT ASSETS (LIABILITIES) (5,309 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,244 )
NET LIABILITIES (5,244 )
CAPITAL AND RESERVES
Called up share capital 7 1
Profit and Loss Account (5,245 )
SHAREHOLDERS' FUNDS (5,244)
For the period ending 31 December 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
Mrs N K McLachlan
Director
1 September 2025
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
District and County Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15298901 . The registered office is 42 Duke Street, Formby, Liverpool, L37 4AT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2. Going Concern Disclosure
The company is able to meet its day to day working capital requirements through the support of its parent. Therefore the directors consider it appropriate to prepare the financial statements on the going concern basis.
2.3. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.4. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Investments
Investments in joint ventures are held at cost less accumulated impairment losses.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
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4. Investments
Unlisted
£
Cost
As at 21 November 2023 -
Additions 65
As at 31 December 2024 65
Provision
As at 21 November 2023 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 65
As at 21 November 2023 -
The company owns 65% ordinary share capital of the following company:
Portside Place Developments Limited - a company registered in England and Wales. Portside Place Developments Limited registered office is 42 Duke Street, Formby, Liverpool, Merseyside, England, L37 4AT.
Portside Place Developments Limited financial information for period ended 31 December 2024:
Capital and reserves (£4,358)
Loss for the period (£4,458)
5. Debtors
31 December 2024
£
Due within one year
Amounts owed by group undertakings 990
Other debtors 1,230
2,220
6. Creditors: Amounts Falling Due Within One Year
31 December 2024
£
Amounts owed to group undertakings 6,329
Other creditors 1,200
7,529
Amounts owed to group undertakings are interest free and payable on demand.
7. Share Capital
31 December 2024
£
Allotted, Called up and fully paid 1
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Page 4
8. Related Party Transactions
The company has taken advantage of the exemption available under Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' not to disclose related party transactions with the parent company as it is a wholly owned subsidiary within the group.
9. Ultimate Controlling Party
The company's immediate and ultimate parent undertaking is District and County Investments Limited. District and County Investments Limited was incorporated in England on 5th May 2004. The ultimate controlling party is District and County Investments Limited who control 100% of the shares of District and County Developments Limited.
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