Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2022 1 April 2021 false 1 April 2022 31 March 2023 31 March 2023 10049876 Mr Gurpreet Purewal Mr Harjinder Purewal iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10049876 2022-03-31 10049876 2023-03-31 10049876 2022-04-01 2023-03-31 10049876 frs-core:CurrentFinancialInstruments 2023-03-31 10049876 frs-core:Non-currentFinancialInstruments 2023-03-31 10049876 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-31 10049876 frs-core:InvestmentPropertyIncludedWithinPPE 2022-03-31 10049876 frs-core:ShareCapital 2023-03-31 10049876 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 10049876 frs-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10049876 frs-bus:FilletedAccounts 2022-04-01 2023-03-31 10049876 frs-bus:SmallEntities 2022-04-01 2023-03-31 10049876 frs-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10049876 frs-bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 10049876 frs-bus:Director1 2022-04-01 2023-03-31 10049876 frs-bus:Director2 2022-04-01 2023-03-31 10049876 frs-countries:EnglandWales 2022-04-01 2023-03-31 10049876 2021-03-31 10049876 2022-03-31 10049876 2021-04-01 2022-03-31 10049876 frs-core:CurrentFinancialInstruments 2022-03-31 10049876 frs-core:Non-currentFinancialInstruments 2022-03-31 10049876 frs-core:ShareCapital 2022-03-31 10049876 frs-core:RetainedEarningsAccumulatedLosses 2022-03-31
Registered number: 10049876
Vine Lettings Limited
Unaudited Financial Statements
For The Year Ended 31 March 2023
GC Accountancy Management Service Ltd
Howes Farm Office
Doddinghurst Road Pilgrims Hatch
Brentwood
Essex
CM15 0SG
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10049876
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 317,453 317,453
317,453 317,453
CURRENT ASSETS
Cash at bank and in hand 1,990 1,581
1,990 1,581
Creditors: Amounts Falling Due Within One Year 5 (108,382 ) (99,169 )
NET CURRENT ASSETS (LIABILITIES) (106,392 ) (97,588 )
TOTAL ASSETS LESS CURRENT LIABILITIES 211,061 219,865
Creditors: Amounts Falling Due After More Than One Year 6 (264,493 ) (273,301 )
NET LIABILITIES (53,432 ) (53,436 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (53,433 ) (53,437 )
SHAREHOLDERS' FUNDS (53,432) (53,436)
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For the year ending 31 March 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 Gurpreet Purewal
Director
29/01/2024
The notes on pages 3 to 4 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 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.
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.
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. 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:
1.4. 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2023 2022
Office and administration 2 2
2 2
3. Tangible Assets
Investment Properties
£
Cost
As at 1 April 2022 317,453
As at 31 March 2023 317,453
Net Book Value
As at 31 March 2023 317,453
As at 1 April 2022 317,453
4. Debtors
2023 2022
£ £
Due within one year
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Page 4
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 7,000 7,000
Accruals and deferred income 550 550
Directors' loan accounts 100,832 91,619
108,382 99,169
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 264,493 273,301
264,493 273,301
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
8. General Information
Vine Lettings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10049876 . The registered office is 44 The Grove, Uxbridge, UB10 8QL.
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