Acorah Software Products - Accounts Production 14.5.601 false true true 30 November 2022 1 December 2021 false 1 December 2022 31 January 2024 31 January 2024 12336672 Mr Patrick Bamford Mrs Joanne Bamford iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12336672 2022-11-30 12336672 2024-01-31 12336672 2022-12-01 2024-01-31 12336672 frs-core:CurrentFinancialInstruments 2024-01-31 12336672 frs-core:Non-currentFinancialInstruments 2024-01-31 12336672 frs-core:InvestmentPropertyIncludedWithinPPE 2024-01-31 12336672 frs-core:InvestmentPropertyIncludedWithinPPE 2022-12-01 2024-01-31 12336672 frs-core:InvestmentPropertyIncludedWithinPPE 2022-11-30 12336672 frs-core:ShareCapital 2024-01-31 12336672 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 12336672 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2024-01-31 12336672 frs-bus:FilletedAccounts 2022-12-01 2024-01-31 12336672 frs-bus:SmallEntities 2022-12-01 2024-01-31 12336672 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2024-01-31 12336672 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2024-01-31 12336672 frs-bus:OrdinaryShareClass1 2022-12-01 2024-01-31 12336672 frs-bus:OrdinaryShareClass1 2024-01-31 12336672 frs-bus:Director1 2022-12-01 2024-01-31 12336672 frs-bus:Director2 2022-12-01 2024-01-31 12336672 frs-countries:EnglandWales 2022-12-01 2024-01-31 12336672 2021-11-30 12336672 2022-11-30 12336672 2021-12-01 2022-11-30 12336672 frs-core:CurrentFinancialInstruments 2022-11-30 12336672 frs-core:Non-currentFinancialInstruments 2022-11-30 12336672 frs-core:ShareCapital 2022-11-30 12336672 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 12336672 frs-bus:OrdinaryShareClass1 2021-12-01 2022-11-30
Registered number: 12336672
Elmington Property Limited
Unaudited Financial Statements
For the Period 1 December 2022 to 31 January 2024
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 12336672
31 January 2024 30 November 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 1,041,789
- 1,041,789
CURRENT ASSETS
Cash at bank and in hand 550,616 41,757
550,616 41,757
Creditors: Amounts Falling Due Within One Year 5 (593,437 ) (2,874 )
NET CURRENT ASSETS (LIABILITIES) (42,821 ) 38,883
TOTAL ASSETS LESS CURRENT LIABILITIES (42,821 ) 1,080,672
Creditors: Amounts Falling Due After More Than One Year 6 - (1,069,811 )
NET (LIABILITIES)/ASSETS (42,821 ) 10,861
CAPITAL AND RESERVES
Called up share capital 8 1 1
Income Statement (42,822 ) 10,860
SHAREHOLDERS' FUNDS (42,821) 10,861
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For the period ending 31 January 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 Income Statement.
On behalf of the board
Mr Patrick Bamford
Director
2nd April 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Elmington Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12336672 . The registered office is 82 Wandsworth Bridge Road, London, SW6 2TF.
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. Going Concern Disclosure
The directors have taken the decision to close the company. The company ceased to trade during the period and is not a going concern. The accounts have not been prepared on a going concern basis. Adjustments have therefore been made to reduce assets to their realisable value, reclassify assets and liabilities as current and to provide for futher liabilities where necessary.
2.3. Turnover
Turnover comprises rents receivable from investment properties recognised on a straight line basis and other fees for services supplied by the company to customers, net of value added tax and discounts.
2.4. 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:
2.5. 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 income statement.
2.6. Taxation
Income 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 period was: NIL (2022: NIL)
- -
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4. Tangible Assets
Investment Properties
£
Cost
As at 1 December 2022 1,041,789
Disposals (1,041,789 )
Net Book Value
As at 31 January 2024 -
As at 1 December 2022 1,041,789
5. Creditors: Amounts Falling Due Within One Year
31 January 2024 30 November 2022
£ £
Other loans 593,388 -
Corporation tax 49 2,559
Accruals and deferred income - 315
593,437 2,874
6. Creditors: Amounts Falling Due After More Than One Year
31 January 2024 30 November 2022
£ £
Other loans - 1,069,811
- 1,069,811
Of the creditors falling due after more than one year the following amounts are due after more than five years.
31 January 2024 30 November 2022
£ £
Other Creditors - 501,214
7. Secured Creditors
Of the creditors the following amounts are secured.
31 January 2024 30 November 2022
£ £
Other Creditors - 501,214
8. Share Capital
31 January 2024 30 November 2022
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
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9. Related Party Transactions
Foxhurst Capital LimitedThe directors and shareholders have a significant interest in Foxhurst Capital LimitedFoxhurst Capital Limited has made available funds to the company on an unsecured basis, charging interest at 4% per annum and is repayable on the sale of the company's property. Interest charged during the period amounted to £24,792. The balance owed to Foxhurst Capital Limited at 31 January 2024 amounted to £593,388 (2022: £568,597)

Foxhurst Capital Limited

The directors and shareholders have a significant interest in Foxhurst Capital Limited

Foxhurst Capital Limited has made available funds to the company on an unsecured basis, charging interest at 4% per annum and is repayable on the sale of the company's property. Interest charged during the period amounted to £24,792. The balance owed to Foxhurst Capital Limited at 31 January 2024 amounted to £593,388 (2022: £568,597)

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