Acorah Software Products - Accounts Production 14.5.601 false true true false 26 August 2022 31 August 2023 31 August 2023 14319873 Mr Major Singh Mr Major Singh Mr Major Singh true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14319873 2022-08-25 14319873 2023-08-31 14319873 2022-08-26 2023-08-31 14319873 frs-core:CurrentFinancialInstruments 2023-08-31 14319873 frs-core:Non-currentFinancialInstruments 2023-08-31 14319873 frs-core:MotorVehicles 2023-08-31 14319873 frs-core:MotorVehicles 2022-08-26 2023-08-31 14319873 frs-core:MotorVehicles 2022-08-25 14319873 frs-core:ShareCapital 2023-08-31 14319873 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 14319873 frs-bus:PrivateLimitedCompanyLtd 2022-08-26 2023-08-31 14319873 frs-bus:FilletedAccounts 2022-08-26 2023-08-31 14319873 frs-bus:SmallEntities 2022-08-26 2023-08-31 14319873 frs-bus:AuditExempt-NoAccountantsReport 2022-08-26 2023-08-31 14319873 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-26 2023-08-31 14319873 1 2022-08-26 2023-08-31 14319873 frs-bus:Director1 2022-08-26 2023-08-31 14319873 frs-bus:CompanySecretary1 2022-08-26 2023-08-31 14319873 frs-countries:EnglandWales 2022-08-26 2023-08-31
Registered number: 14319873
Invest Return Limited
Unaudited Financial Statements
For the Period 26 August 2022 to 31 August 2023
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14319873
31 August 2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 3,300
Investment Properties 5 164,449
167,749
CURRENT ASSETS
Debtors 6 960
Cash at bank and in hand 266
1,226
Creditors: Amounts Falling Due Within One Year 7 (62,807 )
NET CURRENT ASSETS (LIABILITIES) (61,581 )
TOTAL ASSETS LESS CURRENT LIABILITIES 106,168
Creditors: Amounts Falling Due After More Than One Year 8 (110,250 )
NET LIABILITIES (4,082 )
CAPITAL AND RESERVES
Called up share capital 10 1,000
Profit and Loss Account (5,082 )
SHAREHOLDERS' FUNDS (4,082)
Page 1
Page 2
For the period ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Major Singh
Director
16/04/2024
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
Invest Return Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14319873 . The registered office is 46 Millfields Road, Wolverhampton, WV4 6JN.
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 director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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:
Motor Vehicles 20% RB (none in the year of purchase)
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 profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Tangible Assets
Motor Vehicles
£
Cost
As at 26 August 2022 -
Additions 3,300
As at 31 August 2023 3,300
Net Book Value
As at 31 August 2023 3,300
As at 26 August 2022 -
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Page 4
5. Investment Property
31 August 2023
£
Fair Value
As at 26 August 2022 -
Additions 164,449
As at 31 August 2023 164,449
6. Debtors
31 August 2023
£
Due within one year
Prepayments and accrued income 39
VAT 921
960
7. Creditors: Amounts Falling Due Within One Year
31 August 2023
£
Trade creditors 19
Director's loan account 62,788
62,807
8. Creditors: Amounts Falling Due After More Than One Year
31 August 2023
£
Bank loans 110,250
110,250
9. Secured Creditors
Of the creditors the following amounts are secured.
31 August 2023
£
Bank loans and overdrafts 110,250
10. Share Capital
31 August 2023
£
Allotted, Called up and fully paid 1,000
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr Major Singh by virtue of his ownership of 100% of the issued share capital in the company.
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