Acorah Software Products - Accounts Production 15.0.400 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11993674 B Von Holdt B Von Holdt true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11993674 2023-03-31 11993674 2024-03-31 11993674 2023-04-01 2024-03-31 11993674 frs-core:CurrentFinancialInstruments 2024-03-31 11993674 frs-core:Non-currentFinancialInstruments 2024-03-31 11993674 frs-core:FurnitureFittings 2024-03-31 11993674 frs-core:FurnitureFittings 2023-04-01 2024-03-31 11993674 frs-core:FurnitureFittings 2023-03-31 11993674 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 11993674 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-31 11993674 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 11993674 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11993674 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 11993674 frs-core:ShareCapital 2024-03-31 11993674 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11993674 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11993674 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11993674 frs-bus:SmallEntities 2023-04-01 2024-03-31 11993674 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11993674 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11993674 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 11993674 frs-bus:OrdinaryShareClass1 2024-03-31 11993674 1 2023-04-01 2024-03-31 11993674 frs-bus:Director1 2023-04-01 2024-03-31 11993674 frs-countries:EnglandWales 2023-04-01 2024-03-31 11993674 2022-03-31 11993674 2023-03-31 11993674 2022-04-01 2023-03-31 11993674 frs-core:CurrentFinancialInstruments 2023-03-31 11993674 frs-core:Non-currentFinancialInstruments 2023-03-31 11993674 frs-core:ShareCapital 2023-03-31 11993674 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 11993674 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31
Registered number: 11993674
Brivest Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11993674
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 499,717 501,462
499,717 501,462
CURRENT ASSETS
Investments 4 60,369 60,369
Cash at bank and in hand 871 4,305
61,240 64,674
Creditors: Amounts Falling Due Within One Year 5 (303,693 ) (297,182 )
NET CURRENT ASSETS (LIABILITIES) (242,453 ) (232,508 )
TOTAL ASSETS LESS CURRENT LIABILITIES 257,264 268,954
Creditors: Amounts Falling Due After More Than One Year 6 (305,500 ) (305,500 )
NET LIABILITIES (48,236 ) (36,546 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (48,237 ) (36,547 )
SHAREHOLDERS' FUNDS (48,236) (36,546)
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For the year ending 31 March 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 Von Holdt
Director
13/08/2024
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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
Fixtures & Fittings 20% on SLM
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. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabillities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
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1.7. Taxation - continued
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 liabillities or other future taxable profits.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2023: NIL)
1 -
3. Tangible Assets
Land & Property
Freehold Investment Properties Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 164,106 331,966 8,722 504,794
As at 31 March 2024 164,106 331,966 8,722 504,794
Depreciation
As at 1 April 2023 - - 3,332 3,332
Provided during the period - - 1,745 1,745
As at 31 March 2024 - - 5,077 5,077
Net Book Value
As at 31 March 2024 164,106 331,966 3,645 499,717
As at 1 April 2023 164,106 331,966 5,390 501,462
4. Current Asset Investments
2024 2023
£ £
Short term deposits 60,369 60,369
60,369 60,369
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 1,680 1,669
Director's loan account 302,013 295,513
303,693 297,182
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6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 305,500 305,500
305,500 305,500
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Value Number 2024 2023
Allotted, called up and fully paid £ £ £
Ordinary Shares 1 1 1 1
8. Related Party Transactions
At the balance sheet date, included within creditors due within one year, is an amount of £302,013 (2023 - £295,513) owed to the directors. This loan is interest free, of no fixed term and repayable on demand.
9. Ultimate Controlling Party
The company's ultimate controlling party is B Von Holdt by virtue of his ownership of 100% of the issued share capital in the company.
10. Taxation
At the year end, the company has carried forward losses of £43,160 (2023: £33,215) which it can utilise against future taxable profits.
11. General Information
Brivest Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11993674 . The registered office is Bank House, 81 St Judes Road, Englefield Green, TW20 0DF.
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