Acorah Software Products - Accounts Production 12.4.009 false 1 November 2020 31 October 2021 31 October 2021 12920678 Mr Oluwole Adeloye Dr Carol Adeloye iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12920678 2020-10-31 12920678 2021-10-31 12920678 2020-11-01 2021-10-31 12920678 frs-core:CurrentFinancialInstruments 2021-10-31 12920678 frs-core:CurrentFinancialInstruments 2020-11-01 2021-10-31 12920678 frs-core:Non-currentFinancialInstruments 2021-10-31 12920678 frs-core:Non-currentFinancialInstruments 2020-11-01 2021-10-31 12920678 frs-core:CurrentFinancialInstruments 2020-11-01 2021-10-31 12920678 frs-core:CurrentFinancialInstruments 2021-10-31 12920678 frs-core:AfterOneYear 2020-11-01 2021-10-31 12920678 frs-core:BetweenOneFiveYears 2020-11-01 2021-10-31 12920678 frs-core:BetweenOneFiveYears 2021-10-31 12920678 frs-core:ComputerEquipment 2021-10-31 12920678 frs-core:ComputerEquipment 2020-11-01 2021-10-31 12920678 frs-core:ComputerEquipment 2020-10-31 12920678 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2021-10-31 12920678 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2020-11-01 2021-10-31 12920678 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2020-10-31 12920678 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-10-31 12920678 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2020-11-01 2021-10-31 12920678 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2020-10-31 12920678 frs-core:FurnitureFittings 2021-10-31 12920678 frs-core:FurnitureFittings 2020-11-01 2021-10-31 12920678 frs-core:FurnitureFittings 2020-10-31 12920678 frs-core:NetGoodwill 2021-10-31 12920678 frs-core:NetGoodwill 2020-11-01 2021-10-31 12920678 frs-core:NetGoodwill 2020-10-31 12920678 frs-core:InvestmentPropertyIncludedWithinPPE 2021-10-31 12920678 frs-core:InvestmentPropertyIncludedWithinPPE 2020-11-01 2021-10-31 12920678 frs-core:InvestmentPropertyIncludedWithinPPE 2020-10-31 12920678 frs-core:LandBuildings 2021-10-31 12920678 frs-core:LandBuildings 2020-11-01 2021-10-31 12920678 frs-core:LandBuildings 2020-10-31 12920678 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2021-10-31 12920678 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2020-11-01 2021-10-31 12920678 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2020-10-31 12920678 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2021-10-31 12920678 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2020-11-01 2021-10-31 12920678 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2020-10-31 12920678 frs-core:MoreThanFiveYears 2020-11-01 2021-10-31 12920678 frs-core:MoreThanFiveYears 2021-10-31 12920678 frs-core:MotorVehicles 2021-10-31 12920678 frs-core:MotorVehicles 2020-11-01 2021-10-31 12920678 frs-core:MotorVehicles 2020-10-31 12920678 frs-core:OtherResidualIntangibleAssets 2021-10-31 12920678 frs-core:OtherResidualIntangibleAssets 2020-11-01 2021-10-31 12920678 frs-core:OtherResidualIntangibleAssets 2020-10-31 12920678 frs-core:PlantMachinery 2021-10-31 12920678 frs-core:PlantMachinery 2020-11-01 2021-10-31 12920678 frs-core:PlantMachinery 2020-10-31 12920678 frs-core:Secured 2021-10-31 12920678 frs-core:Unsecured 2021-10-31 12920678 frs-core:WithinOneYear 2020-11-01 2021-10-31 12920678 frs-core:WithinOneYear 2021-10-31 12920678 frs-core:CapitalRedemptionReserve 2020-11-01 2021-10-31 12920678 frs-core:CapitalRedemptionReserve 2020-10-31 12920678 frs-core:CapitalRedemptionReserve 2021-10-31 12920678 frs-core:OtherReservesSubtotal 2020-11-01 2021-10-31 12920678 frs-core:OtherReservesSubtotal 2020-10-31 12920678 frs-core:OtherReservesSubtotal 2021-10-31 12920678 frs-core:RevaluationReserve 2020-11-01 2021-10-31 12920678 frs-core:RevaluationReserve 2020-10-31 12920678 frs-core:RevaluationReserve 2021-10-31 12920678 frs-core:SharePremium 2020-11-01 2021-10-31 12920678 frs-core:SharePremium 2020-10-31 12920678 frs-core:SharePremium 2021-10-31 12920678 frs-core:ShareCapital 2020-11-01 2021-10-31 12920678 frs-core:ShareCapital 2020-10-31 12920678 frs-core:ShareCapital 2021-10-31 12920678 frs-core:RetainedEarningsAccumulatedLosses 2020-11-01 2021-10-31 12920678 frs-core:RetainedEarningsAccumulatedLosses 2020-10-31 12920678 frs-core:RetainedEarningsAccumulatedLosses 2021-10-31 12920678 frs-core:RetainedEarningsAccumulatedLosses frs-core:RestatedAmount 2020-10-31 12920678 frs-core:RetainedEarningsAccumulatedLosses frs-core:RestatedAmount 2021-10-31 12920678 frs-core:RetainedEarningsAccumulatedLosses frs-core:PriorPeriodErrorIncreaseDecrease 2020-10-31 12920678 frs-countries:UnitedKingdom 2020-11-01 2021-10-31 12920678 frs-countries:Europe 2020-11-01 2021-10-31 12920678 frs-countries:NorthAmerica 2020-11-01 2021-10-31 12920678 frs-countries:SouthAmerica 2020-11-01 2021-10-31 12920678 frs-countries:Asia 2020-11-01 2021-10-31 12920678 frs-countries:RestWorldOutsideUK 2020-11-01 2021-10-31 12920678 frs-bus:HighestPaidDirector 2020-11-01 2021-10-31 12920678 frs-bus:PrivateLimitedCompanyLtd 2020-11-01 2021-10-31 12920678 frs-bus:CompanyLimitedByGuarantee 2020-11-01 2021-10-31 12920678 frs-bus:LimitedLiabilityPartnershipLLP 2020-11-01 2021-10-31 12920678 frs-bus:LimitedLiabilityPartnershipsSORP 2020-11-01 2021-10-31 12920678 frs-bus:FullAccounts 2020-11-01 2021-10-31 12920678 frs-bus:AbbreviatedAccounts 2020-11-01 2021-10-31 12920678 frs-bus:AbridgedAccounts 2020-11-01 2021-10-31 12920678 frs-bus:FRS102 2020-11-01 2021-10-31 12920678 frs-bus:EntityHasNeverTraded 2020-11-01 2021-10-31 12920678 frs-bus:EntityNoLongerTradingButTradedInPast 2020-11-01 2021-10-31 12920678 frs-bus:Audited 2020-11-01 2021-10-31 12920678 frs-bus:AuditExempt-NoAccountantsReport 2020-11-01 2021-10-31 12920678 frs-bus:AuditExemptWithAccountantsReport 2020-11-01 2021-10-31 12920678 frs-bus:SmallCompaniesRegimeForAccounts 2020-11-01 2021-10-31 12920678 frs-bus:OrdinaryShareClass1 2020-11-01 2021-10-31 12920678 frs-bus:OrdinaryShareClass1 2020-10-31 12920678 frs-bus:OrdinaryShareClass1 2021-10-31 12920678 frs-bus:OrdinaryShareClass2 2020-11-01 2021-10-31 12920678 frs-bus:OrdinaryShareClass2 2020-10-31 12920678 frs-bus:OrdinaryShareClass2 2021-10-31 12920678 frs-bus:OrdinaryShareClass3 2020-11-01 2021-10-31 12920678 frs-bus:OrdinaryShareClass3 2020-10-31 12920678 frs-bus:OrdinaryShareClass3 2021-10-31 12920678 frs-bus:OrdinaryShareClass4 2020-11-01 2021-10-31 12920678 frs-bus:OrdinaryShareClass4 2020-10-31 12920678 frs-bus:OrdinaryShareClass4 2021-10-31 12920678 frs-bus:OrdinaryShareClass5 2020-11-01 2021-10-31 12920678 frs-bus:OrdinaryShareClass5 2020-10-31 12920678 frs-bus:OrdinaryShareClass5 2021-10-31 12920678 frs-bus:PreferenceShareClass1 2020-11-01 2021-10-31 12920678 frs-bus:PreferenceShareClass1 2020-10-31 12920678 frs-bus:PreferenceShareClass1 2021-10-31 12920678 frs-bus:PreferenceShareClass2 2020-11-01 2021-10-31 12920678 frs-bus:PreferenceShareClass2 2020-10-31 12920678 frs-bus:PreferenceShareClass2 2021-10-31 12920678 frs-bus:PreferenceShareClass3 2020-11-01 2021-10-31 12920678 frs-bus:PreferenceShareClass3 2020-10-31 12920678 frs-bus:PreferenceShareClass3 2021-10-31 12920678 frs-bus:PreferenceShareClass4 2020-11-01 2021-10-31 12920678 frs-bus:PreferenceShareClass4 2020-10-31 12920678 frs-bus:PreferenceShareClass4 2021-10-31 12920678 frs-bus:PreferenceShareClass5 2020-11-01 2021-10-31 12920678 frs-bus:PreferenceShareClass5 2020-10-31 12920678 frs-bus:PreferenceShareClass5 2021-10-31 12920678 1 2020-11-01 2021-10-31 12920678 frs-core:LeasedAssets 2020-11-01 2021-10-31 12920678 frs-core:OwnedAssets 2020-11-01 2021-10-31 12920678 frs-core:CurrencyRisk 2020-11-01 2021-10-31 12920678 frs-core:MarketRisk 2020-11-01 2021-10-31 12920678 frs-core:InterestRateRisk 2020-11-01 2021-10-31 12920678 frs-core:DeferredTaxation 2020-11-01 2021-10-31 12920678 frs-core:DeferredTaxation 2020-10-31 12920678 frs-core:DeferredTaxation 2021-10-31 12920678 frs-core:OtherProvisionsContingentLiabilities 2020-11-01 2021-10-31 12920678 frs-core:OtherProvisionsContingentLiabilities 2020-10-31 12920678 frs-core:OtherProvisionsContingentLiabilities 2021-10-31 12920678 frs-core:ProvisionsDeferredTax 2021-10-31 12920678 frs-core:OtherDeferredTax 2021-10-31 12920678 frs-core:AcceleratedTaxDepreciationDeferredTax 2021-10-31 12920678 frs-core:TaxLossesCarry-forwardsDeferredTax 2021-10-31 12920678 frs-core:FurtherSpecificItem2DeferredTaxComponentTotalForDeferredTax 2021-10-31 12920678 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2020-11-01 2021-10-31 12920678 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2020-10-31 12920678 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2021-10-31 12920678 dpl-frs:CostSales 2020-11-01 2021-10-31 12920678 dpl-frs:CostSales 2020-10-31 12920678 dpl-frs:CostSales 2021-10-31 12920678 dpl-frs:DistributionCosts 2020-11-01 2021-10-31 12920678 dpl-frs:AdministrativeExpenses 2020-11-01 2021-10-31 12920678 frs-bus:Director1 2020-11-01 2021-10-31 12920678 frs-bus:Director1 2020-10-31 12920678 frs-bus:Director1 2021-10-31 12920678 frs-bus:Director2 2020-11-01 2021-10-31 12920678 frs-bus:Director2 2020-10-31 12920678 frs-bus:Director2 2021-10-31 12920678 1 2020-11-01 2021-10-31 12920678 frs-core:CurrentFinancialInstruments 1 2021-10-31 12920678 frs-core:Non-currentFinancialInstruments 1 2021-10-31 12920678 2 2020-11-01 2021-10-31 12920678 frs-core:CurrentFinancialInstruments 2 2021-10-31 12920678 frs-core:Non-currentFinancialInstruments 2 2021-10-31 12920678 3 2020-11-01 2021-10-31 12920678 frs-core:CurrentFinancialInstruments 3 2021-10-31 12920678 frs-core:Non-currentFinancialInstruments 3 2021-10-31 12920678 4 2020-11-01 2021-10-31 12920678 frs-core:CurrentFinancialInstruments 4 2021-10-31 12920678 frs-core:Non-currentFinancialInstruments 4 2021-10-31 12920678 5 2020-11-01 2021-10-31 12920678 frs-core:CurrentFinancialInstruments 5 2021-10-31 12920678 frs-core:Non-currentFinancialInstruments 5 2021-10-31 12920678 6 2020-11-01 2021-10-31 12920678 frs-core:CurrentFinancialInstruments 6 2021-10-31 12920678 frs-core:Non-currentFinancialInstruments 6 2021-10-31 12920678 7 2020-11-01 2021-10-31 12920678 frs-core:CurrentFinancialInstruments 7 2021-10-31 12920678 frs-core:Non-currentFinancialInstruments 7 2021-10-31 12920678 8 2020-11-01 2021-10-31 12920678 frs-core:CurrentFinancialInstruments 8 2021-10-31 12920678 frs-core:Non-currentFinancialInstruments 8 2021-10-31 12920678 9 2020-11-01 2021-10-31 12920678 frs-core:CurrentFinancialInstruments 9 2021-10-31 12920678 frs-core:Non-currentFinancialInstruments 9 2021-10-31 12920678 dpl-frs:Item1 2020-11-01 2021-10-31 12920678 dpl-frs:Item1 2020-10-31 12920678 dpl-frs:Item1 2021-10-31 12920678 dpl-frs:CostSales dpl-frs:Item1 2020-11-01 2021-10-31 12920678 dpl-frs:CostSales dpl-frs:Item1 2020-10-31 12920678 dpl-frs:CostSales dpl-frs:Item1 2021-10-31 12920678 dpl-frs:DistributionCosts dpl-frs:Item1 2020-11-01 2021-10-31 12920678 dpl-frs:AdministrativeExpenses dpl-frs:Item1 2020-11-01 2021-10-31 12920678 dpl-frs:Item2 2020-11-01 2021-10-31 12920678 dpl-frs:Item2 2020-10-31 12920678 dpl-frs:Item2 2021-10-31 12920678 dpl-frs:CostSales dpl-frs:Item2 2020-11-01 2021-10-31 12920678 dpl-frs:CostSales dpl-frs:Item2 2020-10-31 12920678 dpl-frs:CostSales dpl-frs:Item2 2021-10-31 12920678 dpl-frs:DistributionCosts dpl-frs:Item2 2020-11-01 2021-10-31 12920678 dpl-frs:AdministrativeExpenses dpl-frs:Item2 2020-11-01 2021-10-31 12920678 dpl-frs:Item3 2020-11-01 2021-10-31 12920678 dpl-frs:Item3 2020-10-31 12920678 dpl-frs:Item3 2021-10-31 12920678 dpl-frs:CostSales dpl-frs:Item3 2020-11-01 2021-10-31 12920678 dpl-frs:CostSales dpl-frs:Item3 2020-10-31 12920678 dpl-frs:CostSales dpl-frs:Item3 2021-10-31 12920678 dpl-frs:DistributionCosts dpl-frs:Item3 2020-11-01 2021-10-31 12920678 dpl-frs:AdministrativeExpenses dpl-frs:Item3 2020-11-01 2021-10-31 12920678 dpl-frs:Item4 2020-11-01 2021-10-31 12920678 dpl-frs:Item4 2020-10-31 12920678 dpl-frs:Item4 2021-10-31 12920678 dpl-frs:CostSales dpl-frs:Item4 2020-11-01 2021-10-31 12920678 dpl-frs:CostSales dpl-frs:Item4 2020-10-31 12920678 dpl-frs:CostSales dpl-frs:Item4 2021-10-31 12920678 dpl-frs:DistributionCosts dpl-frs:Item4 2020-11-01 2021-10-31 12920678 dpl-frs:AdministrativeExpenses dpl-frs:Item4 2020-11-01 2021-10-31 12920678 dpl-frs:Item5 2020-11-01 2021-10-31 12920678 dpl-frs:Item5 2020-10-31 12920678 dpl-frs:Item5 2021-10-31 12920678 dpl-frs:CostSales dpl-frs:Item5 2020-11-01 2021-10-31 12920678 dpl-frs:CostSales dpl-frs:Item5 2020-10-31 12920678 dpl-frs:CostSales dpl-frs:Item5 2021-10-31 12920678 dpl-frs:DistributionCosts dpl-frs:Item5 2020-11-01 2021-10-31 12920678 dpl-frs:AdministrativeExpenses dpl-frs:Item5 2020-11-01 2021-10-31 12920678 dpl-frs:Item6 2020-11-01 2021-10-31 12920678 dpl-frs:Item6 2020-10-31 12920678 dpl-frs:Item6 2021-10-31 12920678 dpl-frs:CostSales dpl-frs:Item6 2020-11-01 2021-10-31 12920678 dpl-frs:CostSales dpl-frs:Item6 2020-10-31 12920678 dpl-frs:CostSales dpl-frs:Item6 2021-10-31 12920678 dpl-frs:DistributionCosts dpl-frs:Item6 2020-11-01 2021-10-31 12920678 dpl-frs:AdministrativeExpenses dpl-frs:Item6 2020-11-01 2021-10-31 12920678 dpl-frs:Item7 2020-11-01 2021-10-31 12920678 dpl-frs:Item7 2020-10-31 12920678 dpl-frs:Item7 2021-10-31 12920678 dpl-frs:CostSales dpl-frs:Item7 2020-11-01 2021-10-31 12920678 dpl-frs:CostSales dpl-frs:Item7 2020-10-31 12920678 dpl-frs:CostSales dpl-frs:Item7 2021-10-31 12920678 dpl-frs:DistributionCosts dpl-frs:Item7 2020-11-01 2021-10-31 12920678 dpl-frs:AdministrativeExpenses dpl-frs:Item7 2020-11-01 2021-10-31 12920678 dpl-frs:Item8 2020-11-01 2021-10-31 12920678 dpl-frs:Item8 2020-10-31 12920678 dpl-frs:Item8 2021-10-31 12920678 dpl-frs:CostSales dpl-frs:Item8 2020-11-01 2021-10-31 12920678 dpl-frs:CostSales dpl-frs:Item8 2020-10-31 12920678 dpl-frs:CostSales dpl-frs:Item8 2021-10-31 12920678 dpl-frs:DistributionCosts dpl-frs:Item8 2020-11-01 2021-10-31 12920678 dpl-frs:AdministrativeExpenses dpl-frs:Item8 2020-11-01 2021-10-31 12920678 dpl-frs:Item9 2020-11-01 2021-10-31 12920678 dpl-frs:Item9 2020-10-31 12920678 dpl-frs:Item9 2021-10-31 12920678 dpl-frs:CostSales dpl-frs:Item9 2020-11-01 2021-10-31 12920678 dpl-frs:CostSales dpl-frs:Item9 2020-10-31 12920678 dpl-frs:CostSales dpl-frs:Item9 2021-10-31 12920678 dpl-frs:DistributionCosts dpl-frs:Item9 2020-11-01 2021-10-31 12920678 dpl-frs:AdministrativeExpenses dpl-frs:Item9 2020-11-01 2021-10-31 12920678 dpl-frs:Item10 2020-11-01 2021-10-31 12920678 dpl-frs:Item10 2020-10-31 12920678 dpl-frs:Item10 2021-10-31 12920678 dpl-frs:CostSales dpl-frs:Item10 2020-11-01 2021-10-31 12920678 dpl-frs:CostSales dpl-frs:Item10 2020-10-31 12920678 dpl-frs:CostSales dpl-frs:Item10 2021-10-31 12920678 dpl-frs:DistributionCosts dpl-frs:Item10 2020-11-01 2021-10-31 12920678 dpl-frs:AdministrativeExpenses dpl-frs:Item10 2020-11-01 2021-10-31 12920678 dpl-frs:Item11 2020-11-01 2021-10-31 12920678 dpl-frs:Item11 2020-10-31 12920678 dpl-frs:Item11 2021-10-31 12920678 dpl-frs:CostSales dpl-frs:Item11 2020-11-01 2021-10-31 12920678 dpl-frs:CostSales dpl-frs:Item11 2020-10-31 12920678 dpl-frs:CostSales dpl-frs:Item11 2021-10-31 12920678 dpl-frs:DistributionCosts dpl-frs:Item11 2020-11-01 2021-10-31 12920678 dpl-frs:AdministrativeExpenses dpl-frs:Item11 2020-11-01 2021-10-31 12920678 dpl-frs:Item12 2020-11-01 2021-10-31 12920678 dpl-frs:Item12 2020-10-31 12920678 dpl-frs:Item12 2021-10-31 12920678 dpl-frs:CostSales dpl-frs:Item12 2020-11-01 2021-10-31 12920678 dpl-frs:CostSales dpl-frs:Item12 2020-10-31 12920678 dpl-frs:CostSales dpl-frs:Item12 2021-10-31 12920678 dpl-frs:DistributionCosts dpl-frs:Item12 2020-11-01 2021-10-31 12920678 dpl-frs:AdministrativeExpenses dpl-frs:Item12 2020-11-01 2021-10-31 12920678 1 2020-11-01 2021-10-31 12920678 frs-countries:EnglandWales 2020-11-01 2021-10-31
Registered number: 12920678
Soar Estates Limited
Unaudited Financial Statements
For The Year Ended 31 October 2021
Sysdent Solutions Limited

39 Fendall Road
Epsom
Surrey
KT19 9NZ
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12920678
2021
Notes £ £
FIXED ASSETS
Tangible Assets 4 482,000
482,000
CURRENT ASSETS
Cash at bank and in hand 34,316
34,316
Creditors: Amounts Falling Due Within One Year 6 (233,604 )
NET CURRENT ASSETS (LIABILITIES) (199,288 )
TOTAL ASSETS LESS CURRENT LIABILITIES 282,712
Creditors: Amounts Falling Due After More Than One Year 7 (253,221 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,880 )
NET ASSETS 19,611
CAPITAL AND RESERVES
Called up share capital 8 250
Fair Value Reserve 9 42,120
Profit and Loss Account (22,759 )
SHAREHOLDERS' FUNDS 19,611
Page 1
Page 2
For the year ending 31 October 2021 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 Oluwole Adeloye
Director
15/08/2022
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value and also prepared in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The principal accounting policies are set out below.


1.2. 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.

When cash inflows ae deffered and represent a financial arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
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.
1.3. 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.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as property, plant and equipment.
Page 3
Page 4
1.4. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financial transaction, where the transaction is measured iat the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic finacial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


1.5. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
1.6. Equity Instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividend payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2. Average Number of Employees
Average number of employees, including directors, during the year was: NIL
-
Page 4
Page 5
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 November 2020 430,000
Revaluation 52,000
As at 31 October 2021 482,000
Net Book Value
As at 31 October 2021 482,000
As at 1 November 2020 430,000
The analysis of the cost or valuation of the above assets is as follows:
Investment Properties
£
As at 31 October 2021
At cost 482,000
482,000
As at 1 November 2020
At cost 430,000
430,000
Investment property comprise of the property at 15 Hood Avenue, Orpington, Kent BR5 3HE. The property was purchased in May 2021 for circa £430,000, but tenants did not move in until mid October 2021. The current fair value of the property as at 31 October 2021 is much greater at just over £482,000. That investment property revaluation has been booked as an unrealised profit in the profit and loss of the company, and undistributable P&L Reserve (Fair Value Reserve) of £52,000 less deffered tax of £9,880 is now recognised on the Balance Sheet
5. Debtors
2021
£
Due within one year
6. Creditors: Amounts Falling Due Within One Year
2021
£
Accruals and deferred income 20,304
Directors' loan accounts 213,300
233,604
Page 5
Page 6
7. Creditors: Amounts Falling Due After More Than One Year
2021
£
Bank loans 253,221
253,221
8. Share Capital
2021
Allotted, Called up and fully paid 250
9. Reserves
Fair Value Reserve
£
Transfer to profit and loss 42,120
As at 31 October 2021 42,120
10. Related Party Transactions
As at 31 October 2021, the company owed Mr O and Mrs C , both directors and major shareholders, £213,300. This loan is interest free and repayable on demand
11. General Information
Soar Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12920678 . The registered office is 5 Hayfield Road, Orpington, BR5 2DW.
Page 6