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 SC583042 Mr P Cummins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC583042 2023-12-31 SC583042 2024-12-31 SC583042 2024-01-01 2024-12-31 SC583042 frs-core:CurrentFinancialInstruments 2024-12-31 SC583042 frs-core:PlantMachinery 2024-12-31 SC583042 frs-core:PlantMachinery 2024-01-01 2024-12-31 SC583042 frs-core:PlantMachinery 2023-12-31 SC583042 frs-core:ShareCapital 2024-12-31 SC583042 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC583042 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC583042 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC583042 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC583042 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC583042 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC583042 frs-bus:Director1 2024-01-01 2024-12-31 SC583042 frs-countries:Scotland 2024-01-01 2024-12-31 SC583042 2022-12-31 SC583042 2023-12-31 SC583042 2023-01-01 2023-12-31 SC583042 frs-core:CurrentFinancialInstruments 2023-12-31 SC583042 frs-core:ShareCapital 2023-12-31 SC583042 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC583042
Love Life Properties (Scot) Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
ZP Accountants and Business Advisers Ltd
International House, 307 Cotton Exchange
Old Hall Street
Liverpool
L3 9LQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC583042
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 540 712
540 712
CURRENT ASSETS
Stocks 5 - 220,000
Debtors 6 - 2,976
Cash at bank and in hand 150 6,704
150 229,680
Creditors: Amounts Falling Due Within One Year 7 (143,585 ) (276,867 )
NET CURRENT ASSETS (LIABILITIES) (143,435 ) (47,187 )
TOTAL ASSETS LESS CURRENT LIABILITIES (142,895 ) (46,475 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (103 ) -
NET LIABILITIES (142,998 ) (46,475 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (142,999 ) (46,476 )
SHAREHOLDERS' FUNDS (142,998) (46,475)
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 P Cummins
Director
30th September 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Love Life Properties (Scot) Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC583042 . The registered office is Love Life Properties Ltd Hill Of Brathens, Glassel, Banchoryl, AB31 4BW.
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
Revenue represents the fair value received and receivable in respect of the sale of developments net of value added tax. This is recognised on the transfer of control to the customer, on legal completion. 
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:
Plant & Machinery Straight line over 3 years
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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 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: 1 (2023: 1)
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 950
Additions 200
As at 31 December 2024 1,150
Depreciation
As at 1 January 2024 238
Provided during the period 372
As at 31 December 2024 610
Net Book Value
As at 31 December 2024 540
As at 1 January 2024 712
5. Stocks
2024 2023
£ £
Work in progress - 220,000
6. Debtors
2024 2023
£ £
Due within one year
Other debtors - 2,976
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts - 136,604
Amounts owed to group undertakings 33,861 8,039
Other creditors 109,724 132,224
143,585 276,867
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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