Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 12731100 Mr Kam Yiu Tsang Ms Hau Yan Lam iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12731100 2022-07-31 12731100 2023-07-31 12731100 2022-08-01 2023-07-31 12731100 frs-core:Non-currentFinancialInstruments 2023-07-31 12731100 frs-core:FurnitureFittings 2022-08-01 2023-07-31 12731100 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 12731100 frs-core:ShareCapital 2023-07-31 12731100 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 12731100 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12731100 frs-bus:AbridgedAccounts 2022-08-01 2023-07-31 12731100 frs-bus:SmallEntities 2022-08-01 2023-07-31 12731100 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12731100 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12731100 frs-bus:Director1 2022-08-01 2023-07-31 12731100 frs-bus:Director2 2022-08-01 2023-07-31 12731100 frs-countries:EnglandWales 2022-08-01 2023-07-31 12731100 2021-07-31 12731100 2022-07-31 12731100 2021-08-01 2022-07-31 12731100 frs-core:Non-currentFinancialInstruments 2022-07-31 12731100 frs-core:ShareCapital 2022-07-31 12731100 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 12731100
Eye Unity Property Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2023
Ip's Associates Limited
23 Argyle Street
Liverpool
L1 5BL
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 12731100
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,424 1,050
Investment Properties 5 494,510 310,766
495,934 311,816
CURRENT ASSETS
Debtors 2,418 10
Cash at bank and in hand 77,080 285,714
79,498 285,724
Creditors: Amounts Falling Due Within One Year (4,846 ) (1,944 )
NET CURRENT ASSETS (LIABILITIES) 74,652 283,780
TOTAL ASSETS LESS CURRENT LIABILITIES 570,586 595,596
Creditors: Amounts Falling Due After More Than One Year (604,933 ) (599,194 )
NET LIABILITIES (34,347 ) (3,598 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (34,447 ) (3,698 )
SHAREHOLDERS' FUNDS (34,347) (3,598)
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Page 2
For the year ending 31 July 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 July 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Ms Hau Yan Lam
Director
22 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
Eye Unity Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12731100 . The registered office is 23 Argyle Street, Liverpool, L1 5BL.
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:
Freehold - Not provided
Fixtures & Fittings 20% on Reducing balance
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: 2 (2022: 1)
2 1
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4. Tangible Assets
Total
£
Cost
As at 1 August 2022 1,313
Additions 729
As at 31 July 2023 2,042
Depreciation
As at 1 August 2022 263
Provided during the period 355
As at 31 July 2023 618
Net Book Value
As at 31 July 2023 1,424
As at 1 August 2022 1,050
5. Investment Property
2023
£
Fair Value
As at 1 August 2022 310,766
Additions 183,744
As at 31 July 2023 494,510
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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