Acorah Software Products - Accounts Production 16.5.460 false true 31 October 2023 1 November 2022 false 1 November 2023 31 December 2024 31 December 2024 SC611568 Mr Robert De Haas Miss Melanie Le Chene true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC611568 2023-10-31 SC611568 2024-12-31 SC611568 2023-11-01 2024-12-31 SC611568 frs-core:CurrentFinancialInstruments 2024-12-31 SC611568 frs-core:Non-currentFinancialInstruments 2024-12-31 SC611568 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 SC611568 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-12-31 SC611568 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 SC611568 frs-core:ShareCapital 2024-12-31 SC611568 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC611568 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-12-31 SC611568 frs-bus:FilletedAccounts 2023-11-01 2024-12-31 SC611568 frs-bus:SmallEntities 2023-11-01 2024-12-31 SC611568 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-12-31 SC611568 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-12-31 SC611568 1 2023-11-01 2024-12-31 SC611568 frs-bus:Director1 2023-11-01 2024-12-31 SC611568 frs-bus:Director2 2023-11-01 2024-12-31 SC611568 frs-core:CurrentFinancialInstruments 1 2024-12-31 SC611568 frs-countries:Scotland 2023-11-01 2024-12-31 SC611568 2022-10-31 SC611568 2023-10-31 SC611568 2022-11-01 2023-10-31 SC611568 frs-core:CurrentFinancialInstruments 2023-10-31 SC611568 frs-core:Non-currentFinancialInstruments 2023-10-31 SC611568 frs-core:ShareCapital 2023-10-31 SC611568 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC611568 frs-core:CurrentFinancialInstruments 1 2023-10-31
Registered number: SC611568
Oak & Hare Properties Ltd
Unaudited Financial Statements
For the Period 1 November 2023 to 31 December 2024
Calculus Accountants (Scotland) Ltd
10 Avonhead Road
Condorrat
Glasgow
G67 4RA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC611568
31 December 2024 31 October 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 153,533 96,049
153,533 96,049
CURRENT ASSETS
Debtors 6 693 432
Cash at bank and in hand 5,175 8,469
5,868 8,901
Creditors: Amounts Falling Due Within One Year 7 (115,349 ) (114,216 )
NET CURRENT ASSETS (LIABILITIES) (109,481 ) (105,315 )
TOTAL ASSETS LESS CURRENT LIABILITIES 44,052 (9,266 )
Creditors: Amounts Falling Due After More Than One Year 8 (55,561 ) -
NET LIABILITIES (11,509 ) (9,266 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (11,511 ) (9,268 )
SHAREHOLDERS' FUNDS (11,509) (9,266)
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Page 2
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
Miss Melanie Le Chene
Director
23/09/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Oak & Hare Properties Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC611568 . The registered office is 10 Avonhead Road, Condorrat, Cumbernauld, Glasgow, G67 4RA.
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 property rental income received. 
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:
Freehold 0%
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. The directors have not considered it necessary to incorporate any revaluation reserve, notwithstanding their opinion that the current market values are well in excess of the original cost values.
2.5. 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 year 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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 2)
2 2
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4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 November 2023 96,049
Additions 57,484
As at 31 December 2024 153,533
Net Book Value
As at 31 December 2024 153,533
As at 1 November 2023 96,049
No revaluation of the freehold properties is considered necessary by the directors.
Cost or valuation as at 31 December 2024 represented by:
Land & Property
Freehold
£
At cost 153,533
153,533
The heritable properties are un-incumbered.
If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:
Investment Properties
£
Cost 153,533
5. Investment Property
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
31 December 2024 31 October 2023
£ £
Cost 153,533 96,049
6. Debtors
31 December 2024 31 October 2023
£ £
Due within one year
Prepayments and accrued income 693 432
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7. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 October 2023
£ £
Trade creditors - 1
Corporation tax 28 34
Rents received in advance 720 368
Accrued charges 3,730 507
Directors' loan accounts 110,871 113,306
115,349 114,216
The directors loan accounts are unsecured, interest free and have no fixed terms of repayment.
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 October 2023
£ £
Other loans 55,561 -
The loan relates to a third party loan, in which party one of the Directors has a beneficial interest, and is unsecured, has no monthly or annual repayments and is repayable in full by 1st March 2033.
Of the creditors falling due after more than one year the following amounts are due after more than five years.
31 December 2024 31 October 2023
£ £
Other Creditors 55,561 -
9. Share Capital
31 December 2024 31 October 2023
£ £
Allotted, Called up and fully paid 2 2
10. Ultimate Controlling Party
The company has no ultimate controlling party by virtue of the split in ownership of the issued share capital in the company.
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