Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09348765 Mr Adam Fitzgerald Mrs Danielle Fitzgerald iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09348765 2023-12-31 09348765 2024-12-31 09348765 2024-01-01 2024-12-31 09348765 frs-core:CurrentFinancialInstruments 2024-12-31 09348765 frs-core:Non-currentFinancialInstruments 2024-12-31 09348765 frs-core:ShareCapital 2024-12-31 09348765 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09348765 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09348765 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09348765 frs-bus:SmallEntities 2024-01-01 2024-12-31 09348765 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09348765 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09348765 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-01-01 2024-12-31 09348765 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 09348765 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 09348765 frs-core:UnlistedNon-exchangeTraded 2024-12-31 09348765 frs-core:UnlistedNon-exchangeTraded 2023-12-31 09348765 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 09348765 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 09348765 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 09348765 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 09348765 frs-bus:Director1 2024-01-01 2024-12-31 09348765 frs-bus:Director2 2024-01-01 2024-12-31 09348765 frs-countries:EnglandWales 2024-01-01 2024-12-31 09348765 2022-12-31 09348765 2023-12-31 09348765 2023-01-01 2023-12-31 09348765 frs-core:CurrentFinancialInstruments 2023-12-31 09348765 frs-core:Non-currentFinancialInstruments 2023-12-31 09348765 frs-core:ShareCapital 2023-12-31 09348765 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09348765 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31
Registered number: 09348765
Fitzgerald Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09348765
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 320,000 280,000
Investments 5 142 142
320,142 280,142
CURRENT ASSETS
Debtors 6 1,446,173 134,165
Cash at bank and in hand 10,142 6,055
1,456,315 140,220
Creditors: Amounts Falling Due Within One Year 7 (1,300,116 ) (54,501 )
NET CURRENT ASSETS (LIABILITIES) 156,199 85,719
TOTAL ASSETS LESS CURRENT LIABILITIES 476,341 365,861
Creditors: Amounts Falling Due After More Than One Year 8 (106,313 ) (106,313 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (34,294 ) (24,294 )
NET ASSETS 335,734 235,254
CAPITAL AND RESERVES
Called up share capital 10 4 4
Fair value reserve 11 102,881 72,881
Profit and Loss Account 232,849 162,369
SHAREHOLDERS' FUNDS 335,734 235,254
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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 Adam Fitzgerald
Director
Mrs Danielle Fitzgerald
Director
29 September 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
Fitzgerald Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09348765 . The registered office is Marsh Trees House, Marsh Parade, Newcastle Under Lyme, ST5 1BT.
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.  Turnover includes revenue earned from rental income.
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.
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 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.
2.5. Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements on the basis that the company and its subsidiary undertakings comprise a small group as defined by Companies Act 2006.
2.6. Investments
Unlisted investments are included at cost less impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Investment Property
2024
£
Fair Value
As at 1 January 2024 280,000
Revaluations 40,000
As at 31 December 2024 320,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 182,825 182,825
5. Investments
Unlisted
£
Cost
As at 1 January 2024 142
As at 31 December 2024 142
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 142
As at 1 January 2024 142
Investments consist of £67 relating to shares in the subsidiary undertaking Blitz Properties Ltd (67% owned company) and £75 relating to shares in the subsidiary undertaking ADF Commercial Ltd (75% owned company), both companies incorporated in England & Wales.
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 22,354 -
Other debtors 1,365,640 76,490
Amounts owed by subsidiaries 58,179 57,675
1,446,173 134,165
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 19,743 37,377
Other creditors - 9,000
Accruals and deferred income 1,441 1,200
Directors' loan accounts 1,278,932 4,674
Amounts owed to subsidiaries - 2,250
1,300,116 54,501
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 106,313 106,313
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 106,313 106,313
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
11. Reserves
Fair Value Reserve
£
As at 1 January 2024 72,881
Transfer to profit and loss 30,000
As at 31 December 2024 102,881
12. Related Party Transactions
Inlcuded in debtors due within one year is a balance of £58,179 (2023: 57,675) due from a subsidiary company.
Included in creditors due within one year is a balance of £Nil (2023: £2,250) owing to a subsidiary company.
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