Acorah Software Products - Accounts Production 15.0.500 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 03520132 Mr James Stanley Mr George Stanley Mr George Stanley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03520132 2023-04-30 03520132 2024-04-30 03520132 2023-05-01 2024-04-30 03520132 frs-core:CurrentFinancialInstruments 2024-04-30 03520132 frs-core:Non-currentFinancialInstruments 2024-04-30 03520132 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 03520132 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03520132 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 03520132 frs-core:PlantMachinery 2024-04-30 03520132 frs-core:PlantMachinery 2023-05-01 2024-04-30 03520132 frs-core:PlantMachinery 2023-04-30 03520132 frs-core:OtherReservesSubtotal 2024-04-30 03520132 frs-core:ShareCapital 2024-04-30 03520132 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 03520132 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03520132 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 03520132 frs-bus:SmallEntities 2023-05-01 2024-04-30 03520132 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03520132 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 03520132 frs-bus:Director1 2023-05-01 2024-04-30 03520132 frs-bus:Director2 2023-05-01 2024-04-30 03520132 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 03520132 frs-countries:EnglandWales 2023-05-01 2024-04-30 03520132 2022-04-30 03520132 2023-04-30 03520132 2022-05-01 2023-04-30 03520132 frs-core:CurrentFinancialInstruments 2023-04-30 03520132 frs-core:Non-currentFinancialInstruments 2023-04-30 03520132 frs-core:OtherReservesSubtotal 2023-04-30 03520132 frs-core:ShareCapital 2023-04-30 03520132 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 03520132
Gabare Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Connected Accounting Ltd
Institute of Chartered Accountants in England & Wales (ICAEW)
2 Victoria Square
Victoria Street
St Albans
Hertfordshire
AL1 3TF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03520132
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 378,766 396,512
Investment Properties 5 398,000 398,000
776,766 794,512
CURRENT ASSETS
Debtors 7 3,801 11,578
Cash at bank and in hand 17,991 10,957
21,792 22,535
Creditors: Amounts Falling Due Within One Year 8 (63,739 ) (109,665 )
NET CURRENT ASSETS (LIABILITIES) (41,947 ) (87,130 )
TOTAL ASSETS LESS CURRENT LIABILITIES 734,819 707,382
Creditors: Amounts Falling Due After More Than One Year 9 5,225 -
NET ASSETS 740,044 707,382
CAPITAL AND RESERVES
Called up share capital 10 100 100
Other reserves 77,053 77,053
Profit and Loss Account 662,891 630,229
SHAREHOLDERS' FUNDS 740,044 707,382
Page 1
Page 2
For the year ending 30 April 2024 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 George Stanley
Director
08/07/2024
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
Gabare Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03520132 . The registered office is Millbarrow Farm, Beauworth, Alresford, Hampshire, SO24 0PD.
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 amounts receivable for rent.

Revenue from rent receivable can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred, or to be incurred, in respect of the transaction can be measured reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over
their useful lives on the following bases:
Freehold Over the remaining term of the lease
Plant & Machinery 15% reducing balance basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2.4. Investment Properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.
Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in
profit or loss.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as
tangible fixed assets.
2.5. 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 years 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 assets reflect 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
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 May 2023 354,330 105,414 459,744
As at 30 April 2024 354,330 105,414 459,744
Depreciation
As at 1 May 2023 23,622 39,610 63,232
Provided during the period 7,875 9,871 17,746
As at 30 April 2024 31,497 49,481 80,978
Net Book Value
As at 30 April 2024 322,833 55,933 378,766
As at 1 May 2023 330,708 65,804 396,512
5. Investment Property
2024
£
Fair Value
As at 1 May 2023 and 30 April 2024 398,000
6. Investments
Investment property comprises freehold land and residential buildings. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 30 April 2022 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,801 11,578
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 641 3,715
Corporation tax - 14,640
Other creditors 63,098 91,310
63,739 109,665
Page 4
Page 5
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Accruals and deferred income (5,225 ) -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5