Acorah Software Products - Accounts Production 15.0.400 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 02444264 Mr Timothy Sheppard Dr Jill Sheppard Mr Norman Sheppard Mrs Elena Garcia-Alvarez Dr Jill Sheppard iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02444264 2022-10-31 02444264 2023-10-31 02444264 2022-11-01 2023-10-31 02444264 frs-core:CurrentFinancialInstruments 2023-10-31 02444264 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 02444264 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 02444264 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-10-31 02444264 frs-core:ShareCapital 2023-10-31 02444264 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 02444264 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 02444264 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 02444264 frs-bus:SmallEntities 2022-11-01 2023-10-31 02444264 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 02444264 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 02444264 frs-bus:Director1 2022-11-01 2023-10-31 02444264 frs-bus:Director2 2022-11-01 2023-10-31 02444264 frs-bus:Director3 2022-11-01 2023-10-31 02444264 frs-bus:Director4 2022-11-01 2023-10-31 02444264 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 02444264 frs-countries:EnglandWales 2022-11-01 2023-10-31 02444264 2021-10-31 02444264 2022-10-31 02444264 2021-11-01 2022-10-31 02444264 frs-core:CurrentFinancialInstruments 2022-10-31 02444264 frs-core:ShareCapital 2022-10-31 02444264 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 02444264
Openlace Limited
Financial Statements
For The Year Ended 31 October 2023
5th Floor
30-31 Furnival Street
London
EC4A 1JQ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 02444264
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 73,868 65,572
73,868 65,572
CURRENT ASSETS
Cash at bank and in hand 5,395 3,821
5,395 3,821
Creditors: Amounts Falling Due Within One Year 5 (102,654 ) (98,910 )
NET CURRENT ASSETS (LIABILITIES) (97,259 ) (95,089 )
TOTAL ASSETS LESS CURRENT LIABILITIES (23,391 ) (29,517 )
NET LIABILITIES (23,391 ) (29,517 )
CAPITAL AND RESERVES
Called up share capital 6 70,700 70,700
Profit and Loss Account (94,091 ) (100,217 )
SHAREHOLDERS' FUNDS (23,391) (29,517)
For the year ending 31 October 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 Timothy Sheppard
Director
30 July 2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Openlace Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02444264 . The registered office is 28 Murray Mews, London, NW1 9RJ.
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 represents rental income received from the letting out of the company's freehold property in France.
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:
Freehold Freehold land 0% Furniture etc 10%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 3)
4 3
4. Tangible Assets
Land & Property
Freehold
£
Cost or Valuation
As at 1 November 2022 77,625
Revaluation 9,437
As at 31 October 2023 87,062
Depreciation
As at 1 November 2022 12,053
Provided during the period 1,141
As at 31 October 2023 13,194
Net Book Value
As at 31 October 2023 73,868
As at 1 November 2022 65,572
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 102,654 98,910
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 70,700 70,700
Page 2