Acorah Software Products - Accounts Production 15.0.500 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08403774 Mr Soobaschand Seebaluck iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08403774 2022-12-31 08403774 2023-12-31 08403774 2023-01-01 2023-12-31 08403774 frs-core:CurrentFinancialInstruments 2023-12-31 08403774 frs-core:ShareCapital 2023-12-31 08403774 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08403774 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08403774 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08403774 frs-bus:SmallEntities 2023-01-01 2023-12-31 08403774 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08403774 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08403774 frs-bus:Director1 2023-01-01 2023-12-31 08403774 frs-core:CurrentFinancialInstruments 2 2023-12-31 08403774 frs-countries:EnglandWales 2023-01-01 2023-12-31 08403774 2021-12-31 08403774 2022-12-31 08403774 2022-01-01 2022-12-31 08403774 frs-core:CurrentFinancialInstruments 2022-12-31 08403774 frs-core:ShareCapital 2022-12-31 08403774 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 08403774 frs-core:CurrentFinancialInstruments 2 2022-12-31
Registered number: 08403774
Care Real Estate Two Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
ACTS Global Ltd
3rd Floor, Norvin House
45-55 Commercial Street
London
E1 6BD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08403774
2023 2022
Notes
FIXED ASSETS
Investment Properties 4 1,491,836 1,491,836
1,491,836 1,491,836
CURRENT ASSETS
Investments 5 705,745 726,850
Cash at bank and in hand 18,244 10,561
723,989 737,411
Creditors: Amounts Falling Due Within One Year 6 (21,267 ) (28,185 )
NET CURRENT ASSETS (LIABILITIES) 702,722 709,226
TOTAL ASSETS LESS CURRENT LIABILITIES 2,194,558 2,201,062
NET ASSETS 2,194,558 2,201,062
CAPITAL AND RESERVES
Called up share capital 7 2,429,300 2,429,300
Profit and Loss Account (234,742 ) (228,238 )
SHAREHOLDERS' FUNDS 2,194,558 2,201,062
For the year ending 31 December 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.
The financial statements were approved and signed by the director and authorised for issue on 1 August 2024.
Mr Soobaschand Seebaluck
Director
1st August 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Care Real Estate Two Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08403774 . The registered office is 3rd Floor Norvin House, 45-55 Commercial Street, London, E1 6BD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in Euro, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest €.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover represents amount receivable for sales of shares and bonds.
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 the profit and loss account.
2.5. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less commissions.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Euro at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. 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.
Current 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 tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Leases
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
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Page 2
Page 3
4. Investment Property
2023
Fair Value
As at 1 January 2023 and 31 December 2023 1,491,836
5. Current Asset Investments
2023 2022
Other investments, held for sale 705,745 726,850
6. Creditors: Amounts Falling Due Within One Year
2023 2022
Bank loans and overdrafts 14,742 21,660
Other creditors - CRE1 5,208 5,208
Accruals and deferred income 1,317 1,317
21,267 28,185
7. Share Capital
2023 2022
Allotted, Called up and fully paid 2,429,300 2,429,300
2,104,964 Ordinary shares of £1 each
Page 3