Acorah Software Products - Accounts Production 16.6.950 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 SC575352 Tsen Wharton Chris Dornan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC575352 2024-03-31 SC575352 2025-03-31 SC575352 2024-04-01 2025-03-31 SC575352 frs-core:CurrentFinancialInstruments 2025-03-31 SC575352 frs-core:Non-currentFinancialInstruments 2025-03-31 SC575352 frs-core:ShareCapital 2025-03-31 SC575352 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC575352 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC575352 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC575352 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC575352 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC575352 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC575352 frs-bus:Director1 2024-04-01 2025-03-31 SC575352 frs-bus:Director2 2024-04-01 2025-03-31 SC575352 frs-countries:Scotland 2024-04-01 2025-03-31 SC575352 2023-03-31 SC575352 2024-03-31 SC575352 2023-04-01 2024-03-31 SC575352 frs-core:CurrentFinancialInstruments 2024-03-31 SC575352 frs-core:Non-currentFinancialInstruments 2024-03-31 SC575352 frs-core:ShareCapital 2024-03-31 SC575352 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC575352
Mussleburgh High St Apartments Ltd
Financial Statements
For The Year Ended 31 March 2025
Nijjer Accountants Ltd
Chartered Accountants
5-7 Station Road
Longfield
Kent
DA3 7QD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: SC575352
2025 2024
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 259,717 238,405
Investments 5 15,000 15,000
Cash at bank and in hand 28,939 29,203
303,656 282,608
Creditors: Amounts Falling Due Within One Year 6 (34,038 ) (46,166 )
NET CURRENT ASSETS (LIABILITIES) 269,618 236,442
TOTAL ASSETS LESS CURRENT LIABILITIES 269,618 236,442
Creditors: Amounts Falling Due After More Than One Year 7 (12,399 ) (15,384 )
NET ASSETS 257,219 221,058
CAPITAL AND RESERVES
Called up share capital 8 3 3
Profit and Loss Account 257,216 221,055
SHAREHOLDERS' FUNDS 257,219 221,058
For the year ending 31 March 2025 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
Tsen Wharton
Director
18 August 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
Mussleburgh High St Apartments Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC575352 . The registered office is Bankhead House, Bankhead, East Linton, East Lothian, EH40 3DX.
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 amounts receivable from residents in respect of service charges and contributions towards the maintenance, management, and administration of the property, together with rental income from property lettings. Such income is recognised on an accruals basis, net of any value-added tax where applicable.
2.3. 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: NIL (2024: NIL)
- -
4. Debtors
2025 2024
£ £
Due within one year
Trade debtors 21,398 18,755
Prepayments and accrued income - 686
Other debtors 238,319 218,964
259,717 238,405
5. Current Asset Investments
2025 2024
£ £
Unlisted investments 15,000 15,000
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 519 600
Bank loans and overdrafts 2,986 2,913
Corporation tax 12,096 24,735
VAT 11,109 7,590
Accruals and deferred income - 2,913
Directors' loan accounts 7,328 7,415
34,038 46,166
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 12,399 15,384
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 3 3
Page 3