Acorah Software Products - Accounts Production 14.6.300 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 12329927 Mr William Dodd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12329927 2022-11-30 12329927 2023-11-30 12329927 2022-12-01 2023-11-30 12329927 frs-core:FurnitureFittings 2023-11-30 12329927 frs-core:FurnitureFittings 2022-12-01 2023-11-30 12329927 frs-core:FurnitureFittings 2022-11-30 12329927 frs-core:InvestmentPropertyIncludedWithinPPE 2023-11-30 12329927 frs-core:InvestmentPropertyIncludedWithinPPE 2022-12-01 2023-11-30 12329927 frs-core:InvestmentPropertyIncludedWithinPPE 2022-11-30 12329927 frs-core:OtherReservesSubtotal 2023-11-30 12329927 frs-core:RevaluationReserve 2022-12-01 2023-11-30 12329927 frs-core:RevaluationReserve 2023-11-30 12329927 frs-core:ShareCapital 2023-11-30 12329927 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 12329927 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12329927 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 12329927 frs-bus:SmallEntities 2022-12-01 2023-11-30 12329927 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 12329927 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 12329927 frs-bus:Director1 2022-12-01 2023-11-30 12329927 frs-countries:EnglandWales 2022-12-01 2023-11-30 12329927 2021-11-30 12329927 2022-11-30 12329927 2021-12-01 2022-11-30 12329927 frs-core:CurrentFinancialInstruments 2022-11-30 12329927 frs-core:OtherReservesSubtotal 2022-11-30 12329927 frs-core:RevaluationReserve 2022-11-30 12329927 frs-core:ShareCapital 2022-11-30 12329927 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 12329927
Good Will Lets Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12329927
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 277,323 609,698
277,323 609,698
CURRENT ASSETS
Cash at bank and in hand 5,262 2,951
5,262 2,951
Creditors: Amounts Falling Due Within One Year 5 (131,091 ) (631,556 )
NET CURRENT ASSETS (LIABILITIES) (125,829 ) (628,605 )
TOTAL ASSETS LESS CURRENT LIABILITIES 151,494 (18,907 )
NET ASSETS/(LIABILITIES) 151,494 (18,907 )
CAPITAL AND RESERVES
Called up share capital 6 1 1
Revaluation reserve 7 130,467 -
Other reserves 22,904 -
Profit and Loss Account (1,878 ) (18,908 )
SHAREHOLDERS' FUNDS 151,494 (18,907)
Page 1
Page 2
For the year ending 30 November 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 William Dodd
Director
29th July 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
Good Will Lets Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12329927 . The registered office is Old School House The Street, Offham, Lewes, East Sussex, BN7 3QB.
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:
Fixtures & Fittings 25% Reducing Balance
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: 1 (2022: 1)
1 1
4. Tangible Assets
Investment Properties Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 December 2022 631,587 1,483 633,070
Additions - 8,749 8,749
Disposals (489,460 ) - (489,460 )
Revaluation 130,467 - 130,467
As at 30 November 2023 272,594 10,232 282,826
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 December 2022 22,904 468 23,372
Provided during the period 2,594 2,441 5,035
Disposals (22,904 ) - (22,904 )
As at 30 November 2023 2,594 2,909 5,503
Net Book Value
As at 30 November 2023 270,000 7,323 277,323
As at 1 December 2022 608,683 1,015 609,698
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 1
Other creditors 131,091 631,555
131,091 631,556
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
7. Reserves
Revaluation Reserve
£
Surplus on revaluation 130,467
As at 30 November 2023 130,467
Page 4