Acorah Software Products - Accounts Production 15.0.600 false true true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 10968190 Mr Philip Atkinson Mrs Laurence Genet iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10968190 2022-09-30 10968190 2023-09-30 10968190 2022-10-01 2023-09-30 10968190 frs-core:CurrentFinancialInstruments 2023-09-30 10968190 frs-core:Non-currentFinancialInstruments 2023-09-30 10968190 frs-core:ComputerEquipment 2023-09-30 10968190 frs-core:ComputerEquipment 2022-10-01 2023-09-30 10968190 frs-core:ComputerEquipment 2022-09-30 10968190 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-10-01 2023-09-30 10968190 frs-core:InvestmentPropertyIncludedWithinPPE 2023-09-30 10968190 frs-core:InvestmentPropertyIncludedWithinPPE 2022-09-30 10968190 frs-core:OtherResidualIntangibleAssets 2023-09-30 10968190 frs-core:OtherResidualIntangibleAssets 2022-10-01 2023-09-30 10968190 frs-core:OtherResidualIntangibleAssets 2022-09-30 10968190 frs-core:ShareCapital 2023-09-30 10968190 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 10968190 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 10968190 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 10968190 frs-bus:SmallEntities 2022-10-01 2023-09-30 10968190 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 10968190 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 10968190 frs-bus:Director1 2022-10-01 2023-09-30 10968190 frs-bus:Director2 2022-10-01 2023-09-30 10968190 frs-countries:EnglandWales 2022-10-01 2023-09-30 10968190 2021-09-30 10968190 2022-09-30 10968190 2021-10-01 2022-09-30 10968190 frs-core:CurrentFinancialInstruments 2022-09-30 10968190 frs-core:Non-currentFinancialInstruments 2022-09-30 10968190 frs-core:ShareCapital 2022-09-30 10968190 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 10968190
Tee2 Investments Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10968190
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 25,640 12,862
Tangible Assets 5 399,192 512,301
424,832 525,163
CURRENT ASSETS
Debtors 6 1,810 1,825
Cash at bank and in hand 30,996 3,201
32,806 5,026
Creditors: Amounts Falling Due Within One Year 7 (55,500 ) (23,575 )
NET CURRENT ASSETS (LIABILITIES) (22,694 ) (18,549 )
TOTAL ASSETS LESS CURRENT LIABILITIES 402,138 506,614
Creditors: Amounts Falling Due After More Than One Year 8 (454,627 ) (440,838 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (15,674 )
NET (LIABILITIES)/ASSETS (52,489 ) 50,102
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (52,589 ) 50,002
SHAREHOLDERS' FUNDS (52,489) 50,102
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Page 2
For the year ending 30 September 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
Mrs Laurence Genet
Director
15/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Tee2 Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10968190 . The registered office is 1 Derwent Business Centre, Clarke Street, Derby, DE1 2BU.
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
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially recognised at cost. After recognition, under the revaluation model, intangible asstes are measured at fair vaule. No amourtisation is expected for cryptocurrencies or currency coin markets.
2.5. 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:
Computer Equipment 20% Straight line
2.6. Investment Properties
Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
Changes in fair value are recognised in the profit and loss account.
2.7. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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4. Intangible Assets
Other
£
Cost or Valuation
As at 1 October 2022 12,862
Additions 3,749
Revaluations 9,029
As at 30 September 2023 25,640
Net Book Value
As at 30 September 2023 25,640
As at 1 October 2022 12,862
5. Tangible Assets
Investment Properties Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 October 2022 512,000 545 512,545
Revaluation (113,000) - (113,000 )
As at 30 September 2023 399,000 545 399,545
Depreciation
As at 1 October 2022 - 244 244
Provided during the period - 109 109
As at 30 September 2023 - 353 353
Net Book Value
As at 30 September 2023 399,000 192 399,192
As at 1 October 2022 512,000 301 512,301
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 1,438 1,488
Other debtors 372 337
1,810 1,825
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 55,500 23,500
Accruals and deferred income - 75
55,500 23,575
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 352,039 285,212
Directors loan account 102,588 155,626
454,627 440,838
9. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts is secured by fixed charges over the investment properties. The mortgages are interest only with terms of 18 and 30 years.
2023 2022
£ £
Bank loans and overdrafts 352,039 285,212
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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