Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 5642799 Mr Jeremy Madley Mrs Nicola Madley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 5642799 2023-12-31 5642799 2024-12-31 5642799 2024-01-01 2024-12-31 5642799 frs-core:CurrentFinancialInstruments 2024-12-31 5642799 frs-core:Non-currentFinancialInstruments 2024-12-31 5642799 frs-core:RevaluationReserve 2023-12-31 5642799 frs-core:RevaluationReserve 2024-12-31 5642799 frs-core:ShareCapital 2024-12-31 5642799 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 5642799 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 5642799 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 5642799 frs-bus:SmallEntities 2024-01-01 2024-12-31 5642799 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 5642799 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 5642799 frs-bus:Director1 2024-01-01 2024-12-31 5642799 frs-bus:Director2 2024-01-01 2024-12-31 5642799 frs-countries:EnglandWales 2024-01-01 2024-12-31 5642799 2022-12-31 5642799 2023-12-31 5642799 2023-01-01 2023-12-31 5642799 frs-core:CurrentFinancialInstruments 2023-12-31 5642799 frs-core:Non-currentFinancialInstruments 2023-12-31 5642799 frs-core:RevaluationReserve 2023-12-31 5642799 frs-core:ShareCapital 2023-12-31 5642799 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 5642799
Madley Property Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 5642799
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 220,000 220,000
220,000 220,000
Creditors: Amounts Falling Due Within One Year 5 (29,812 ) (25,775 )
NET CURRENT ASSETS (LIABILITIES) (29,812 ) (25,775 )
TOTAL ASSETS LESS CURRENT LIABILITIES 190,188 194,225
Creditors: Amounts Falling Due After More Than One Year 6 (175,476 ) (175,476 )
NET ASSETS 14,712 18,749
CAPITAL AND RESERVES
Called up share capital 7 2 2
Revaluation reserve 8 20,180 20,180
Profit and Loss Account (5,470 ) (1,433 )
SHAREHOLDERS' FUNDS 14,712 18,749
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 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
Mr Jeremy Madley
Director
30/09/2025
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
Madley Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 5642799 . The registered office is The Studio, 6 Kelston Place, Whitchurch, Cardiff, CF14 2AP.
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 as follows:
2024 2023
Office and administration 2 2
2 2
4. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 220,000
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 280 280
Directors' loan accounts 29,532 25,495
29,812 25,775
Page 2
Page 3
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 175,476 175,476
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
8. Reserves
Revaluation Reserve
£
As at 1 January 2024 20,180
As at 31 December 2024 20,180
Page 3