Acorah Software Products - Accounts Production 14.5.601 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 12454462 Dr Wael Al-Hamarneh Mrs Rasha Youssef iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12454462 2023-02-28 12454462 2024-02-28 12454462 2023-03-01 2024-02-28 12454462 frs-core:Non-currentFinancialInstruments 2024-02-28 12454462 frs-core:ComputerEquipment 2023-03-01 2024-02-28 12454462 frs-core:ShareCapital 2024-02-28 12454462 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 12454462 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 12454462 frs-bus:AbridgedAccounts 2023-03-01 2024-02-28 12454462 frs-bus:SmallEntities 2023-03-01 2024-02-28 12454462 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 12454462 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 12454462 frs-bus:Director1 2023-03-01 2024-02-28 12454462 frs-bus:Director2 2023-03-01 2024-02-28 12454462 frs-countries:EnglandWales 2023-03-01 2024-02-28 12454462 2022-02-28 12454462 2023-02-28 12454462 2022-03-01 2023-02-28 12454462 frs-core:Non-currentFinancialInstruments 2023-02-28 12454462 frs-core:ShareCapital 2023-02-28 12454462 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 12454462
Green Properties(UK) Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 28 February 2024
Cooper Young & Partners Ltd
Chartered Accountants
Hunter House
109 Snakes Lane West
Woodford Green
Essex
IG8 0DY
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 12454462
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 300
Investment Properties 5 405,962 325,017
405,962 325,317
CURRENT ASSETS
Debtors 611 45,594
Cash at bank and in hand 439 6,454
1,050 52,048
Creditors: Amounts Falling Due Within One Year (199,977 ) (150,840 )
NET CURRENT ASSETS (LIABILITIES) (198,927 ) (98,792 )
TOTAL ASSETS LESS CURRENT LIABILITIES 207,035 226,525
Creditors: Amounts Falling Due After More Than One Year (234,295 ) (234,645 )
NET LIABILITIES (27,260 ) (8,120 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (27,360 ) (8,220 )
SHAREHOLDERS' FUNDS (27,260) (8,120)
Page 1
Page 2
For the year ending 28 February 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 28 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Dr Wael Al-Hamarneh
Director
5 April 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Green Properties(UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12454462 . The registered office is Hunter House, 109 Snakes Lane West, Woodford Green, Essex, IG8 0DY.
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. 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:
Computer Equipment 25% on straight line basis
2.4. 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: NIL (2023: NIL)
- -
4. Tangible Assets
Total
£
Cost
As at 1 March 2023 400
Disposals (400 )
Depreciation
As at 1 March 2023 100
Disposals (100 )
As at 28 February 2024 -
Net Book Value
As at 28 February 2024 -
As at 1 March 2023 300
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5. Investment Property
2024
£
Fair Value
As at 1 March 2023 325,017
Additions 80,945
As at 28 February 2024 405,962
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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