Acorah Software Products - Accounts Production 15.0.400 false true true 28 February 2023 24 February 2022 false 1 March 2023 29 February 2024 29 February 2024 13938486 B A Pettersen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13938486 2023-02-28 13938486 2024-02-29 13938486 2023-03-01 2024-02-29 13938486 frs-core:CurrentFinancialInstruments 2024-02-29 13938486 frs-core:Non-currentFinancialInstruments 2024-02-29 13938486 frs-core:InvestmentPropertyIncludedWithinPPE 2024-02-29 13938486 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-01 2024-02-29 13938486 frs-core:InvestmentPropertyIncludedWithinPPE 2023-02-28 13938486 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 13938486 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13938486 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 13938486 frs-core:ShareCapital 2024-02-29 13938486 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 13938486 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13938486 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 13938486 frs-bus:SmallEntities 2023-03-01 2024-02-29 13938486 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13938486 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13938486 frs-bus:OrdinaryShareClass1 2023-03-01 2024-02-29 13938486 frs-bus:OrdinaryShareClass1 2024-02-29 13938486 frs-bus:Director1 2023-03-01 2024-02-29 13938486 frs-countries:EnglandWales 2023-03-01 2024-02-29 13938486 2022-02-23 13938486 2023-02-28 13938486 2022-02-24 2023-02-28 13938486 frs-core:CurrentFinancialInstruments 2023-02-28 13938486 frs-core:Non-currentFinancialInstruments 2023-02-28 13938486 frs-core:ShareCapital 2023-02-28 13938486 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 13938486 frs-bus:OrdinaryShareClass1 2022-02-24 2023-02-28
Registered number: 13938486
EllaQuinnt Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13938486
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 306,084 89,708
306,084 89,708
CURRENT ASSETS
Debtors 4 107 420
107 420
Creditors: Amounts Falling Due Within One Year 5 (2,409 ) (2,745 )
NET CURRENT ASSETS (LIABILITIES) (2,302 ) (2,325 )
TOTAL ASSETS LESS CURRENT LIABILITIES 303,782 87,383
Creditors: Amounts Falling Due After More Than One Year 6 (313,746 ) (92,600 )
NET LIABILITIES (9,964 ) (5,217 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (10,064 ) (5,317 )
SHAREHOLDERS' FUNDS (9,964) (5,217)
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For the year ending 29 February 2024 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
B A Pettersen
Director
05/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Going Concern Disclosure
The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.
1.3. 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 rendering of services. 
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contrsct.
1.4. 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:
Freehold No Depreciation
1.5. 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.
1.6. 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2023: 1)
1 1
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3. Tangible Assets
Land & Property
Freehold Investment Properties Total
£ £ £
Cost
As at 1 March 2023 89,708 - 89,708
Additions - 216,376 216,376
Transfers (89,708 ) 89,708 -
As at 29 February 2024 - 306,084 306,084
Net Book Value
As at 29 February 2024 - 306,084 306,084
As at 1 March 2023 89,708 - 89,708
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 107 420
107 420
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 558 658
Other creditors 157 407
Accruals and deferred income 1,694 1,680
2,409 2,745
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 313,746 92,600
313,746 92,600
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7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Value Number 2024 2023
Allotted, called up and fully paid £ £ £
Ordinary Shares 1 100 100 100
8. Related Party Transactions
At the year end the shareholders were owed £313,746 (2023: £93,007).
9. Taxation
At the year end, the company has carried forward losses of £10,065 (2023: £5,317) which it can utilise against future taxable profits.
10. General Information
EllaQuinnt Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13938486 . The registered office is Bank House, 81 St Judes Road, Englefield Green, TW20 0DF.
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