Acorah Software Products - Accounts Production 14.6.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 11303346 Mr Nazeerahmed Mushekhan Mrs Rizawana Betageri iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11303346 2023-04-30 11303346 2024-04-30 11303346 2023-05-01 2024-04-30 11303346 frs-core:CurrentFinancialInstruments 2024-04-30 11303346 frs-core:Non-currentFinancialInstruments 2024-04-30 11303346 frs-core:ComputerEquipment 2024-04-30 11303346 frs-core:ComputerEquipment 2023-05-01 2024-04-30 11303346 frs-core:ComputerEquipment 2023-04-30 11303346 frs-core:ShareCapital 2024-04-30 11303346 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 11303346 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11303346 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 11303346 frs-bus:SmallEntities 2023-05-01 2024-04-30 11303346 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11303346 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11303346 frs-core:UnlistedNon-exchangeTraded 2024-04-30 11303346 frs-core:UnlistedNon-exchangeTraded 2023-04-30 11303346 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-04-30 11303346 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-04-30 11303346 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-04-30 11303346 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-04-30 11303346 frs-bus:Director1 2023-05-01 2024-04-30 11303346 frs-bus:Director2 2023-05-01 2024-04-30 11303346 frs-core:CurrentFinancialInstruments 1 2024-04-30 11303346 frs-countries:EnglandWales 2023-05-01 2024-04-30 11303346 2022-04-30 11303346 2023-04-30 11303346 2022-05-01 2023-04-30 11303346 frs-core:CurrentFinancialInstruments 2023-04-30 11303346 frs-core:Non-currentFinancialInstruments 2023-04-30 11303346 frs-core:ShareCapital 2023-04-30 11303346 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 11303346 frs-core:CurrentFinancialInstruments 1 2023-04-30
Registered number: 11303346
MDP383 Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11303346
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 207 243
Investment Properties 5 240,570 240,570
Investments 6 633,840 633,840
874,617 874,653
CURRENT ASSETS
Debtors 7 13,319 31,114
Cash at bank and in hand 6,282 53
19,601 31,167
Creditors: Amounts Falling Due Within One Year 8 (172,436 ) (230,118 )
NET CURRENT ASSETS (LIABILITIES) (152,835 ) (198,951 )
TOTAL ASSETS LESS CURRENT LIABILITIES 721,782 675,702
Creditors: Amounts Falling Due After More Than One Year 9 (450,513 ) (470,341 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (39 ) (46 )
NET ASSETS 271,230 205,315
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 271,130 205,215
SHAREHOLDERS' FUNDS 271,230 205,315
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 Nazeerahmed Mushekhan
Director
31/07/2024
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
MDP383 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11303346 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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.
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:
Computer Equipment 15% WDV
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.
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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 May 2023 549
As at 30 April 2024 549
Depreciation
As at 1 May 2023 306
Provided during the period 36
As at 30 April 2024 342
Net Book Value
As at 30 April 2024 207
As at 1 May 2023 243
5. Investment Property
2024
£
Fair Value
As at 1 May 2023 and 30 April 2024 240,570
6. Investments
Unlisted
£
Cost
As at 1 May 2023 633,840
As at 30 April 2024 633,840
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 633,840
As at 1 May 2023 633,840
Page 4
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,000 -
Directors' loan accounts 8,319 31,114
13,319 31,114
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 899 875
Bank loans and overdrafts 25,517 25,052
Corporation tax - 3,650
Intercompany account 146,020 200,541
172,436 230,118
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 450,513 470,341
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
Included in the Other Debtors is an amount owed from the company director Mr N Mushekhan totalling £8,319 (2023 - £31,114), no interest is to be charged.
Included in the Other Creditors is an amount owed to AH Trueman Ltd totalling £146,020 (2023 - £200,541), for which Mr N Mushekhan is a director. No interest is to be charged and no repayment terms have been agreed.
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