Acorah Software Products - Accounts Production 14.6.300 false true true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 09125706 Mr Steven Brooks Mr Simon Hosking Mr Michael Conlon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09125706 2022-07-31 09125706 2023-07-31 09125706 2022-08-01 2023-07-31 09125706 frs-core:CurrentFinancialInstruments 2023-07-31 09125706 frs-core:Non-currentFinancialInstruments 2023-07-31 09125706 frs-core:ShareCapital 2023-07-31 09125706 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 09125706 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09125706 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 09125706 frs-bus:SmallEntities 2022-08-01 2023-07-31 09125706 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 09125706 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 09125706 frs-bus:Director1 2022-08-01 2023-07-31 09125706 frs-bus:Director2 2022-08-01 2023-07-31 09125706 frs-bus:Director3 2022-08-01 2023-07-31 09125706 frs-countries:EnglandWales 2022-08-01 2023-07-31 09125706 2021-07-31 09125706 2022-07-31 09125706 2021-08-01 2022-07-31 09125706 frs-core:CurrentFinancialInstruments 2022-07-31 09125706 frs-core:Non-currentFinancialInstruments 2022-07-31 09125706 frs-core:ShareCapital 2022-07-31 09125706 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 09125706
Boultbee Ldn (Tabernacle Street) Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Back Office Support Solutions Ltd
Unit 326 Canalot Studios
222 Kensal Road
London
W10 5BN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09125706
2023 2022
as restated
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 15,500,000 19,801,954
15,500,000 19,801,954
CURRENT ASSETS
Debtors 5 34,813 78,967
Cash at bank and in hand 28,733 686,661
63,546 765,628
Creditors: Amounts Falling Due Within One Year 6 (119,630 ) (349,837 )
NET CURRENT ASSETS (LIABILITIES) (56,084 ) 415,791
TOTAL ASSETS LESS CURRENT LIABILITIES 15,443,916 20,217,745
Creditors: Amounts Falling Due After More Than One Year 7 (19,860,732 ) (20,429,183 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (27,687 )
NET LIABILITIES (4,416,816 ) (239,125 )
CAPITAL AND RESERVES
Called up share capital 2 2
Profit and Loss Account (4,416,818 ) (239,127 )
SHAREHOLDERS' FUNDS (4,416,816) (239,125)
Page 1
Page 2
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 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 Simon Hosking
Director
30th July 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Boultbee Ldn (Tabernacle Street) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09125706 . The registered office is 117 George Street, London, W1H 7HF.
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 company made a loss for the year and the balance sheet at year end date shows an insolvent position. However, the directors have arranged adequate funding to finance the company's continuing activities and to enable it to pay its debts as and when they fall due for payment, and accordingly they consider that the company is a going concern and thus the financial statements have been prepared on this basis.
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 rental income.
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
2.5. Financial Instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
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 year 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 asset reflects 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.
Page 3
Page 4
2.7. Borrowings
General and specific borrowing costs directly attributable to the acquisition and construction of properties are added to the cost of those properties until such a time as the properties are ready for their intended use or sale.
When and if properties are fully let all interest paid is expensed as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Investment Property
2023
£
Fair Value
As at 1 August 2022 19,801,954
Fair value adjustments (4,301,954 )
As at 31 July 2023 15,500,000
5. Debtors
2023 2022
as restated
£ £
Due within one year
Trade debtors 11,088 41,137
Other debtors 23,725 37,830
34,813 78,967
6. Creditors: Amounts Falling Due Within One Year
2023 2022
as restated
£ £
Trade creditors 18,658 43,642
Bank loans and overdrafts 10 -
Other creditors 68,232 254,250
Taxation and social security 32,730 51,945
119,630 349,837
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
as restated
£ £
Amounts owed to group undertakings 8,210,982 7,766,343
Other creditors 11,649,750 12,662,840
19,860,732 20,429,183
Page 4
Page 5
8. Secured Creditors
Included within creditors falling due less than one year is the loan from United Trust Bank Limited is denominated in pound sterling with a nominal interest rate of 6.99%.
The loan is secured by a fixed and floating charges over the assets of the company. It is also secured by a negative pledge.
2023 2022
as restated
£ £
Other Creditors 11,649,750 12,470,700
9. Related Party Transactions
Summary of transactions with joint ventures
MACJAC Properties Ltd.
A company in which Michael Conlon is the director.
Included in the creditors falling due after more than one year are loans totalling £3,124,5803, (2022:£4,684.033)
Summary of transactions with other related parties
Included in the creditors falling more than one year are loans totalling £2,056,633, (2022: £3,082,30).
SB Squared Holding Limited, a company under the control of one of the same directors. 
Page 5