Acorah Software Products - Accounts Production 15.0.500 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 11833854 Miss Neeluja Thisaveerasingam Neeluja Thisaveerasingam true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11833854 2023-02-28 11833854 2024-02-28 11833854 2023-03-01 2024-02-28 11833854 frs-core:CurrentFinancialInstruments 2024-02-28 11833854 frs-core:Non-currentFinancialInstruments 2024-02-28 11833854 frs-core:FurnitureFittings 2024-02-28 11833854 frs-core:FurnitureFittings 2023-03-01 2024-02-28 11833854 frs-core:FurnitureFittings 2023-02-28 11833854 frs-core:ShareCapital 2024-02-28 11833854 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 11833854 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 11833854 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 11833854 frs-bus:SmallEntities 2023-03-01 2024-02-28 11833854 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 11833854 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 11833854 1 2023-03-01 2024-02-28 11833854 frs-bus:Director1 2023-03-01 2024-02-28 11833854 frs-countries:EnglandWales 2023-03-01 2024-02-28 11833854 2022-02-28 11833854 2023-02-28 11833854 2022-03-01 2023-02-28 11833854 frs-core:CurrentFinancialInstruments 2023-02-28 11833854 frs-core:Non-currentFinancialInstruments 2023-02-28 11833854 frs-core:ShareCapital 2023-02-28 11833854 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 11833854
N4 Properties Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Calculated Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11833854
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,862 3,890
Investment Properties 5 431,386 431,386
434,248 435,276
CURRENT ASSETS
Debtors 6 1,032 1,124
Cash at bank and in hand 3,597 4,141
4,629 5,265
Creditors: Amounts Falling Due Within One Year 7 (593 ) (23 )
NET CURRENT ASSETS (LIABILITIES) 4,036 5,242
TOTAL ASSETS LESS CURRENT LIABILITIES 438,284 440,518
Creditors: Amounts Falling Due After More Than One Year 8 (444,019 ) (448,694 )
NET LIABILITIES (5,735 ) (8,176 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (5,835 ) (8,276 )
SHAREHOLDERS' FUNDS (5,735) (8,176)
Page 1
Page 2
For the year ending 28 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 her 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
Miss Neeluja Thisaveerasingam
Director
01/08/2024
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
N4 Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11833854 . The registered office is 71-75 Shelton Street, London, WC2H 9JQ.
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 15% Straight Line
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 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 March 2023 6,854
As at 28 February 2024 6,854
Depreciation
As at 1 March 2023 2,964
Provided during the period 1,028
As at 28 February 2024 3,992
Net Book Value
As at 28 February 2024 2,862
As at 1 March 2023 3,890
Page 3
Page 4
5. Investment Property
2024
£
Fair Value
As at 1 March 2023 and 28 February 2024 431,386
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,032 1,124
1,032 1,124
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 593 23
593 23
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 293,905 293,892
Directors loan account 150,114 154,802
444,019 448,694
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Included within Creditors is the loan balance of £150,114 (2023 : £154,802) from the director at the end of the year. The loan is unsecured,  interest free and has no fixed repayment terms.
11. Ultimate Controlling Party
The company's ultimate controlling party is Neeluja Thisaveerasingam by virtue of her ownership of 100% of the issued share capital in the company.
Page 4