Acorah Software Products - Accounts Production 14.6.300 false true false 1 December 2022 30 November 2023 30 November 2023 13460772 Mr Mohsin Vayani Mr Mohsin Vayani iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13460772 2022-11-30 13460772 2023-11-30 13460772 2022-12-01 2023-11-30 13460772 frs-core:CurrentFinancialInstruments 2023-11-30 13460772 frs-core:Non-currentFinancialInstruments 2023-11-30 13460772 frs-core:RevaluationReserve 2022-12-01 2023-11-30 13460772 frs-core:RevaluationReserve 2023-11-30 13460772 frs-core:ShareCapital 2023-11-30 13460772 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 13460772 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13460772 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 13460772 frs-bus:SmallEntities 2022-12-01 2023-11-30 13460772 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 13460772 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13460772 frs-bus:Director1 2022-12-01 2023-11-30 13460772 frs-bus:CompanySecretary1 2022-12-01 2023-11-30 13460772 frs-countries:EnglandWales 2022-12-01 2023-11-30
Registered number: 13460772
Omega Xv Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Alexander Scott Limited
Third Floor
207 Regent Street
London
W1B 3HH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13460772
2023
Notes £ £
FIXED ASSETS
Investment Properties 4 90,000
90,000
CURRENT ASSETS
Cash at bank and in hand 10,541
10,541
Creditors: Amounts Falling Due Within One Year 5 (25,861 )
NET CURRENT ASSETS (LIABILITIES) (15,320 )
TOTAL ASSETS LESS CURRENT LIABILITIES 74,680
Creditors: Amounts Falling Due After More Than One Year 6 (55,000 )
NET ASSETS 19,680
CAPITAL AND RESERVES
Called up share capital 7 100
Revaluation reserve 8 18,827
Profit and Loss Account 753
SHAREHOLDERS' FUNDS 19,680
Page 1
Page 2
For the year ending 30 November 2023 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 Mohsin Vayani
Director
22nd August 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
Omega Xv Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13460772 . The registered office is 27 Old Gloucester Street, London, WC1N 3AX.
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. 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: NIL
-
4. Investment Property
2023
£
Fair Value
As at 1 December 2022 71,173
Revaluations 18,827
As at 30 November 2023 90,000
5. Creditors: Amounts Falling Due Within One Year
2023
£
Trade creditors 3,281
Other loans 21,398
Other creditors 1,000
Taxation and social security 182
25,861
Page 3
Page 4
6. Creditors: Amounts Falling Due After More Than One Year
2023
£
Other loans 55,000
7. Share Capital
2023
£
Allotted, Called up and fully paid 100
8. Reserves
Revaluation Reserve
£
Net investment property revaluation reserve 18,827
As at 30 November 2023 18,827
Page 4