Acorah Software Products - Accounts Production 15.0.400 false true false 1 June 2023 31 May 2024 31 May 2024 13428474 Mr Jason Horstead iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13428474 2023-05-31 13428474 2024-05-31 13428474 2023-06-01 2024-05-31 13428474 frs-core:CurrentFinancialInstruments 2024-05-31 13428474 frs-core:Non-currentFinancialInstruments 2024-05-31 13428474 frs-core:ShareCapital 2024-05-31 13428474 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 13428474 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13428474 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 13428474 frs-bus:SmallEntities 2023-06-01 2024-05-31 13428474 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 13428474 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 13428474 frs-bus:Director1 2023-06-01 2024-05-31 13428474 frs-countries:EnglandWales 2023-06-01 2024-05-31
Registered number: 13428474
OPEN SOURCE PROPERTY LIMITED
Unaudited Financial Statements
For The Year Ended 31 May 2024
Accountancy Gems Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: 13428474
2024
Notes £ £
FIXED ASSETS
Investment Properties 4 881,797
881,797
CURRENT ASSETS
Cash at bank and in hand 41,989
41,989
Creditors: Amounts Falling Due Within One Year 5 (247,514 )
NET CURRENT ASSETS (LIABILITIES) (205,525 )
TOTAL ASSETS LESS CURRENT LIABILITIES 676,272
Creditors: Amounts Falling Due After More Than One Year 6 (701,610 )
NET LIABILITIES (25,338 )
CAPITAL AND RESERVES
Called up share capital 7 1
Profit and Loss Account (25,339 )
SHAREHOLDERS' FUNDS (25,338)
Page 1
Page 2
For the year ending 31 May 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
Mr Jason Horstead
Director
13th August 2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
OPEN SOURCE PROPERTY LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 13428474 . The registered office is 483 GREEN LANES, LONDON, N13 4BS.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
2.3. 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
1
4. Investment Property
2024
£
Fair Value
As at 1 June 2023 and 31 May 2024 881,797
5. Creditors: Amounts Falling Due Within One Year
2024
£
Amounts owed to participating interests 246,314
Other creditors 1,200
247,514
6. Creditors: Amounts Falling Due After More Than One Year
2024
£
Bank loans 701,610
7. Share Capital
2024
£
Allotted, Called up and fully paid 1
Page 3