Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 02882878 Mrs L Turner Mrs L Turner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02882878 2023-12-31 02882878 2024-12-31 02882878 2024-01-01 2024-12-31 02882878 frs-core:CurrentFinancialInstruments 2024-12-31 02882878 frs-core:ComputerEquipment 2024-12-31 02882878 frs-core:ComputerEquipment 2024-01-01 2024-12-31 02882878 frs-core:ComputerEquipment 2023-12-31 02882878 frs-core:FurnitureFittings 2024-12-31 02882878 frs-core:FurnitureFittings 2024-01-01 2024-12-31 02882878 frs-core:FurnitureFittings 2023-12-31 02882878 frs-core:RevaluationReserve 2023-12-31 02882878 frs-core:RevaluationReserve 2024-12-31 02882878 frs-core:ShareCapital 2024-12-31 02882878 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 02882878 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02882878 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 02882878 frs-bus:SmallEntities 2024-01-01 2024-12-31 02882878 frs-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 02882878 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02882878 frs-bus:Director1 2024-01-01 2024-12-31 02882878 frs-bus:Director1 2023-12-31 02882878 frs-bus:Director1 2024-12-31 02882878 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 02882878 frs-countries:EnglandWales 2024-01-01 2024-12-31 02882878 2022-12-31 02882878 2023-12-31 02882878 2023-01-01 2023-12-31 02882878 frs-core:CurrentFinancialInstruments 2023-12-31 02882878 frs-core:RevaluationReserve 2023-12-31 02882878 frs-core:ShareCapital 2023-12-31 02882878 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 02882878
Turners Property Investments Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Elsburys Ltd
Turners Property Investments Limited
Contents
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Turners Property Investments Limited
Accountants' Report
For The Year Ended 31 December 2024
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of Turners Property Investments Limited for the year ended 31 December 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Turners Property Investments Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Turners Property Investments Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Turners Property Investments Limited and state those matters that we have agreed to state to the director of Turners Property Investments Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Turners Property Investments Limited and its director as a body for our work or for this report.
It is your duty to ensure that Turners Property Investments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Turners Property Investments Limited . You consider that Turners Property Investments Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Turners Property Investments Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
26/09/2025
Elsburys Ltd
ACCA
Suite 2, 1 Kings Road
Crowthorne
Berkshire
RG45 7BF
Page 1
Page 2
Turners Property Investments Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 02882878
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 466 -
Investment Properties 5 600,000 600,000
600,466 600,000
CURRENT ASSETS
Debtors 6 9,179 10,888
Cash at bank and in hand 9,809 9,366
18,988 20,254
Creditors: Amounts Falling Due Within One Year 7 (6,681 ) (8,668 )
NET CURRENT ASSETS (LIABILITIES) 12,307 11,586
TOTAL ASSETS LESS CURRENT LIABILITIES 612,773 611,586
PROVISIONS FOR LIABILITIES
Deferred Taxation (74,031 ) (74,031 )
NET ASSETS 538,742 537,555
CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 10 291,422 291,422
Profit and Loss Account 247,318 246,131
SHAREHOLDERS' FUNDS 538,742 537,555
Page 2
Page 3
Turners Property Investments Limited
Balance Sheet (continued)
As At 31 December 2024
For the year 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 L Turner
Director
26/09/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Turners Property Investments Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Turners Property Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02882878 . The registered office is Elsburys Ltd, Suite 2, 1 Kings Road, Crowthorne, Berkshire, RG45 7BF.
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.
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:
Fixtures & Fittings - 25% on reducing balance
Computer Equipment - 33% on cost
2.4. Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. 
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 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
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 year, 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 year was: NIL (2023: NIL)
- -
Page 4
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Turners Property Investments Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 613 699 1,312
Additions - 479 479
As at 31 December 2024 613 1,178 1,791
Depreciation
As at 1 January 2024 613 699 1,312
Provided during the period - 13 13
As at 31 December 2024 613 712 1,325
Net Book Value
As at 31 December 2024 - 466 466
As at 1 January 2024 - - -
5. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 600,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 234,547 234,547
Fair value at 31 December 2024 is represented by:
Valuation in 2016 - £161,453
Valuation in 2018 - £54,000
Valuation in 2021 - £75,000
Valuation in 2022 - £75,000
Cost                    -£234,547
Sub Total £600,000
Investment property was valued on an open market basis on 27 June 2022 by Nicholas Estate Agents. 
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 9,179 10,888
Page 5
Page 6
Turners Property Investments Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Other creditors 3,325 4,493
Taxation and social security 3,355 4,175
6,681 8,668
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mrs Lynda Turner 10,887 9,291 11,000 - 9,178
The above loan is unsecured, interest free and repayable on demand.
10. Reserves
Revaluation Reserve
£
As at 1 January 2024 291,422
As at 31 December 2024 291,422
Page 6