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 12717658 Mr Joseph Schwartz Mr Joseph Schwartz true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12717658 2022-07-31 12717658 2023-07-31 12717658 2022-08-01 2023-07-31 12717658 frs-core:CurrentFinancialInstruments 2023-07-31 12717658 frs-core:Non-currentFinancialInstruments 2023-07-31 12717658 frs-core:InvestmentPropertyIncludedWithinPPE 2023-07-31 12717658 frs-core:InvestmentPropertyIncludedWithinPPE 2022-07-31 12717658 frs-core:ShareCapital 2023-07-31 12717658 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 12717658 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12717658 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 12717658 frs-bus:SmallEntities 2022-08-01 2023-07-31 12717658 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12717658 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12717658 1 2022-08-01 2023-07-31 12717658 frs-bus:Director1 2022-08-01 2023-07-31 12717658 frs-countries:EnglandWales 2022-08-01 2023-07-31 12717658 2021-07-31 12717658 2022-07-31 12717658 2021-08-01 2022-07-31 12717658 frs-core:CurrentFinancialInstruments 2022-07-31 12717658 frs-core:Non-currentFinancialInstruments 2022-07-31 12717658 frs-core:ShareCapital 2022-07-31 12717658 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 12717658
Vartry Investments Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12717658
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 759,857 765,860
759,857 765,860
CURRENT ASSETS
Cash at bank and in hand 1,570 872
1,570 872
Creditors: Amounts Falling Due Within One Year 6 (266,223 ) (266,173 )
NET CURRENT ASSETS (LIABILITIES) (264,653 ) (265,301 )
TOTAL ASSETS LESS CURRENT LIABILITIES 495,204 500,559
Creditors: Amounts Falling Due After More Than One Year 7 (522,627 ) (522,644 )
NET LIABILITIES (27,423 ) (22,085 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (27,424 ) (22,086 )
SHAREHOLDERS' FUNDS (27,423) (22,085)
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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 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 Joseph Schwartz
Director
14th April 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Vartry Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12717658 . The registered office is 129 Kyverdale Road, Stamford Hill, London, N16 6PS.
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:
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: NIL (2022: NIL)
- -
4. Tangible Assets
Investment Properties
£
Cost
As at 1 August 2022 765,860
Additions (6,003)
As at 31 July 2023 759,857
Net Book Value
As at 31 July 2023 759,857
As at 1 August 2022 765,860
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 265,903 265,873
Accruals and deferred income 320 300
266,223 266,173
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 522,627 522,644
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr Joseph Schwartz by virtue of his ownership of 100% of the issued share capital in the company.
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