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 13703657 Mr Anuj Paudel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13703657 2022-10-31 13703657 2023-10-31 13703657 2022-11-01 2023-10-31 13703657 frs-core:CurrentFinancialInstruments 2023-10-31 13703657 frs-core:ShareCapital 2023-10-31 13703657 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 13703657 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 13703657 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 13703657 frs-bus:SmallEntities 2022-11-01 2023-10-31 13703657 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 13703657 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 13703657 frs-bus:Director1 2022-11-01 2023-10-31 13703657 frs-countries:EnglandWales 2022-11-01 2023-10-31 13703657 2021-10-31 13703657 2022-10-31 13703657 2021-11-01 2022-10-31 13703657 frs-core:CurrentFinancialInstruments 2022-10-31 13703657 frs-core:ShareCapital 2022-10-31 13703657 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 13703657
Everest Real Estates Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
DKR Chartered Accountants
36 Lichfield Street
Walsall
West Midlands
WS1 1TJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: 13703657
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 634,905 621,339
634,905 621,339
CURRENT ASSETS
Debtors 5 780 962
Cash at bank and in hand 3,307 17,865
4,087 18,827
Creditors: Amounts Falling Due Within One Year 6 (639,439 ) (639,439 )
NET CURRENT ASSETS (LIABILITIES) (635,352 ) (620,612 )
TOTAL ASSETS LESS CURRENT LIABILITIES (447 ) 727
NET (LIABILITIES)/ASSETS (447 ) 727
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account (1,447 ) (273 )
SHAREHOLDERS' FUNDS (447) 727
Page 1
Page 2
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 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 Anuj Paudel
Director
31st July 2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Everest Real Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13703657 . The registered office is 61 Worcester Street, Wolverhampton, WV2 4LQ.
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. 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. Investment Property
2023
£
Fair Value
As at 1 November 2022 621,339
Additions 13,566
As at 31 October 2023 634,905
5. Debtors
2023 2022
£ £
Due within one year
VAT 780 962
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 476,499 476,499
Director's loan account 162,940 162,940
639,439 639,439
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
8. Related Party Transactions
At 31st October 2023 the company owed £350,499 (2022: £350,499) to entities under common control. These loans are interest free and repayable on demand.
Page 3