Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08335771 Mr George Laws Mrs Carol Laws iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08335771 2022-12-31 08335771 2023-12-31 08335771 2023-01-01 2023-12-31 08335771 frs-core:CurrentFinancialInstruments 2023-12-31 08335771 frs-core:ShareCapital 2023-12-31 08335771 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08335771 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08335771 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08335771 frs-bus:SmallEntities 2023-01-01 2023-12-31 08335771 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08335771 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08335771 frs-core:UnlistedNon-exchangeTraded 2023-12-31 08335771 frs-core:UnlistedNon-exchangeTraded 2022-12-31 08335771 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 08335771 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 08335771 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 08335771 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 08335771 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 08335771 frs-bus:Director1 2023-01-01 2023-12-31 08335771 frs-bus:Director2 2023-01-01 2023-12-31 08335771 frs-bus:Director2 2022-12-31 08335771 frs-bus:Director2 2023-12-31 08335771 frs-countries:EnglandWales 2023-01-01 2023-12-31 08335771 2021-12-31 08335771 2022-12-31 08335771 2022-01-01 2022-12-31 08335771 frs-core:CurrentFinancialInstruments 2022-12-31 08335771 frs-core:ShareCapital 2022-12-31 08335771 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 08335771
GM Laws Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Richard Day Accountants Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08335771
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 35,000 35,000
Investments 5 21,206 21,156
56,206 56,156
CURRENT ASSETS
Debtors 6 792,986 879,300
Cash at bank and in hand 25 878
793,011 880,178
Creditors: Amounts Falling Due Within One Year 7 (477,211 ) (624,270 )
NET CURRENT ASSETS (LIABILITIES) 315,800 255,908
TOTAL ASSETS LESS CURRENT LIABILITIES 372,006 312,064
NET ASSETS 372,006 312,064
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 371,006 311,064
SHAREHOLDERS' FUNDS 372,006 312,064
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Page 2
For the year ending 31 December 2023 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 George Laws
Director
11/04/2024
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
GM Laws Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08335771 . The registered office is The Cottage, 87 Yarmouth Road, Norwich, NR7 0HF.
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 relates to rent received and receivable .

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
Corporation 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Investment Property
2023
£
Fair Value
As at 1 January 2023 and 31 December 2023 35,000
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5. Investments
Unlisted
£
Cost
As at 1 January 2023 21,156
Additions 50
As at 31 December 2023 21,206
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 21,206
As at 1 January 2023 21,156
6. Debtors
2023 2022
£ £
Due within one year
Directors' loan accounts - 15,000
Amounts owed by subsidiaries 184,375 135,000
Amounts owed by associates 608,611 729,300
792,986 879,300
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 55 90
Accruals and deferred income 1,692 1,666
Directors' loan accounts 32,912 61,712
Amounts owed to subsidiaries 442,552 560,802
477,211 624,270
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mrs Carol Laws 15,000 - 15,000 - -
The above loan is unsecured, interest free and repayable on demand.
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