Acorah Software Products - Accounts Production 15.0.500 false true true 31 October 2022 6 October 2021 false 1 November 2022 31 October 2023 31 October 2023 13663662 Mr G Clark Mrs R J Clark Mrs A C Webb Mr K M Webb iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13663662 2022-10-31 13663662 2023-10-31 13663662 2022-11-01 2023-10-31 13663662 frs-core:CurrentFinancialInstruments 2023-10-31 13663662 frs-core:Non-currentFinancialInstruments 2023-10-31 13663662 frs-core:ShareCapital 2023-10-31 13663662 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 13663662 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 13663662 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 13663662 frs-bus:SmallEntities 2022-11-01 2023-10-31 13663662 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 13663662 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 13663662 frs-bus:Director1 2022-11-01 2023-10-31 13663662 frs-bus:Director2 2022-11-01 2023-10-31 13663662 frs-bus:Director3 2022-11-01 2023-10-31 13663662 frs-bus:Director4 2022-11-01 2023-10-31 13663662 frs-countries:EnglandWales 2022-11-01 2023-10-31 13663662 2021-10-05 13663662 2022-10-31 13663662 2021-10-06 2022-10-31 13663662 frs-core:CurrentFinancialInstruments 2022-10-31 13663662 frs-core:Non-currentFinancialInstruments 2022-10-31 13663662 frs-core:ShareCapital 2022-10-31 13663662 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 13663662
FGG Properties Limited
Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13663662
31 October 2023 31 October 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 157,511 157,511
157,511 157,511
CURRENT ASSETS
Debtors 5 1,480 1,480
Cash at bank and in hand 6,073 3,608
7,553 5,088
Creditors: Amounts Falling Due Within One Year 6 (67,128 ) (52,128 )
NET CURRENT ASSETS (LIABILITIES) (59,575 ) (47,040 )
TOTAL ASSETS LESS CURRENT LIABILITIES 97,936 110,471
Creditors: Amounts Falling Due After More Than One Year 7 (110,390 ) (110,390 )
NET (LIABILITIES)/ASSETS (12,454 ) 81
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (12,554 ) (19 )
SHAREHOLDERS' FUNDS (12,454) 81
Page 1
Page 2
For the year ending 31 October 2023 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 K M Webb
Director
26 July 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
FGG Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13663662 . The registered office is 550 Valley Road Basford, Nottingham, NG5 1JJ.
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. Going Concern Disclosure
At the 31st October 2023, the company has net liabilities totalling £12,454. The company is reliant on the continued support of the directors. The directors have confirmed their intention to support the company for at least twelve months from the date of signing the accounts.
On the above basis, the diretors consider that the accounts should be prepared on a going concern basis.
2.3. 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 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.
2.4. 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: 4 (2022: 4)
4 4
4. Investment Property
31 October 2023
£
Fair Value
As at 1 November 2022 and 31 October 2023 157,511
5. Debtors
31 October 2023 31 October 2022
£ £
Due within one year
Prepayments and accrued income 1,480 1,480
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6. Creditors: Amounts Falling Due Within One Year
31 October 2023 31 October 2022
£ £
Accruals and deferred income 432 432
Directors' loan accounts 66,696 51,696
67,128 52,128
7. Creditors: Amounts Falling Due After More Than One Year
31 October 2023 31 October 2022
£ £
Bank loans 110,390 110,390
8. Secured Creditors
Of the creditors falling due within and after more than one year, the following amounts are secured against the assets of the company.
31 October 2023 31 October 2022
£ £
Bank loans and overdrafts 110,390 110,390
9. Share Capital
31 October 2023 31 October 2022
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
At the balance sheet date, the amount owed to the directors through the directors loan accounts totalled £66,696 (2022: £51,696).
The directors loan accounts are unsecured, interest free and repayable on demand.
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