Acorah Software Products - Accounts Production 14.5.601 false true 30 April 2022 1 May 2021 false 1 May 2022 30 April 2023 30 April 2023 11956733 Mr Hasib Patel Mr Hanif Badshah iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11956733 2022-04-30 11956733 2023-04-30 11956733 2022-05-01 2023-04-30 11956733 frs-core:CurrentFinancialInstruments 2023-04-30 11956733 frs-core:Non-currentFinancialInstruments 2023-04-30 11956733 frs-core:RevaluationReserve 2022-04-30 11956733 frs-core:RevaluationReserve 2023-04-30 11956733 frs-core:ShareCapital 2023-04-30 11956733 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 11956733 frs-bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 11956733 frs-bus:FilletedAccounts 2022-05-01 2023-04-30 11956733 frs-bus:SmallEntities 2022-05-01 2023-04-30 11956733 frs-bus:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 11956733 frs-bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 11956733 frs-bus:Director1 2022-05-01 2023-04-30 11956733 frs-bus:Director2 2022-05-01 2023-04-30 11956733 frs-countries:EnglandWales 2022-05-01 2023-04-30 11956733 2021-04-30 11956733 2022-04-30 11956733 2021-05-01 2022-04-30 11956733 frs-core:CurrentFinancialInstruments 2022-04-30 11956733 frs-core:Non-currentFinancialInstruments 2022-04-30 11956733 frs-core:RevaluationReserve 2022-04-30 11956733 frs-core:ShareCapital 2022-04-30 11956733 frs-core:RetainedEarningsAccumulatedLosses 2022-04-30
Registered number: 11956733
Badshah Properties Limited
Financial Statements
For The Year Ended 30 April 2023
Patel & Co. Accountants
362 Derby Street
Bolton
BL3 6LS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11956733
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 2,655,000 2,655,000
2,655,000 2,655,000
CURRENT ASSETS
Debtors 5 1,685 1,685
Cash at bank and in hand 40,649 36,918
42,334 38,603
Creditors: Amounts Falling Due Within One Year 6 (2,826 ) (2,226 )
NET CURRENT ASSETS (LIABILITIES) 39,508 36,377
TOTAL ASSETS LESS CURRENT LIABILITIES 2,694,508 2,691,377
Creditors: Amounts Falling Due After More Than One Year 7 (2,154,185 ) (2,151,340 )
NET ASSETS 540,323 540,037
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 577,286 577,286
Profit and Loss Account (37,063 ) (37,349 )
SHAREHOLDERS' FUNDS 540,323 540,037
Page 1
Page 2
For the year ending 30 April 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 Hasib Patel
Director
19th April 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
Badshah Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11956733 . The registered office is 59 Hallbridge Gardens, Bolton, BL1 8UT.
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. 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: 1 (2022: 1)
1 1
4. Investment Property
2023
£
Fair Value
As at 1 May 2022 and 30 April 2023 2,655,000
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 1,685 1,685
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 1,026 1,026
Accruals and deferred income 1,800 1,200
2,826 2,226
Page 3
Page 4
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 1,535,201 1,535,201
Directors loan account 618,984 616,139
2,154,185 2,151,340
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation Reserve
£
As at 1 May 2022 577,286
As at 30 April 2023 577,286
Page 4