Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2021 1 January 2021 false 1 January 2022 31 December 2022 31 December 2022 10832464 A Sahota iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10832464 2021-12-31 10832464 2022-12-31 10832464 2022-01-01 2022-12-31 10832464 frs-core:CurrentFinancialInstruments 2022-12-31 10832464 frs-core:Non-currentFinancialInstruments 2022-12-31 10832464 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 10832464 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 10832464 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2021-12-31 10832464 frs-core:RevaluationReserve 2022-01-01 2022-12-31 10832464 frs-core:RevaluationReserve 2022-12-31 10832464 frs-core:ShareCapital 2022-12-31 10832464 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 10832464 frs-bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 10832464 frs-bus:FilletedAccounts 2022-01-01 2022-12-31 10832464 frs-bus:SmallEntities 2022-01-01 2022-12-31 10832464 frs-bus:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 10832464 frs-bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 10832464 frs-core:UnlistedNon-exchangeTraded 2022-12-31 10832464 frs-core:UnlistedNon-exchangeTraded 2021-12-31 10832464 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2021-12-31 10832464 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 10832464 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 10832464 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2021-12-31 10832464 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 10832464 frs-bus:Director1 2022-01-01 2022-12-31 10832464 frs-countries:EnglandWales 2022-01-01 2022-12-31 10832464 2020-12-31 10832464 2021-12-31 10832464 2021-01-01 2021-12-31 10832464 frs-core:CurrentFinancialInstruments 2021-12-31 10832464 frs-core:Non-currentFinancialInstruments 2021-12-31 10832464 frs-core:RevaluationReserve 2021-12-31 10832464 frs-core:ShareCapital 2021-12-31 10832464 frs-core:RetainedEarningsAccumulatedLosses 2021-12-31 10832464 frs-core:CurrentFinancialInstruments 3 2021-12-31
Registered number: 10832464
Sh Property Trading Limited
Unaudited Financial Statements
For The Year Ended 31 December 2022
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10832464
2022 2021
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,442,053 1,879,880
Investments 5 1,211,282 -
6,653,335 1,879,880
CURRENT ASSETS
Debtors 6 913,595 422,780
Cash at bank and in hand 136,864 8,417
1,050,459 431,197
Creditors: Amounts Falling Due Within One Year 7 (1,251,357 ) (317,943 )
NET CURRENT ASSETS (LIABILITIES) (200,898 ) 113,254
TOTAL ASSETS LESS CURRENT LIABILITIES 6,452,437 1,993,134
Creditors: Amounts Falling Due After More Than One Year 8 (2,942,676 ) (1,408,352 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (695,030 ) -
NET ASSETS 2,814,731 584,782
CAPITAL AND RESERVES
Called up share capital 9 7 7
Revaluation reserve 10 2,920,120 -
Profit and Loss Account (105,396 ) 584,775
SHAREHOLDERS' FUNDS 2,814,731 584,782
Page 1
Page 2
For the year ending 31 December 2022 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
A Sahota
Director
23/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sh Property Trading Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10832464 . The registered office is 32 Byron Hill Road, Harrow On The Hill, Middx, HA2 0HY.
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 comprises rents receivable excluding Value Added Tax.
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.

Deferred taxation is provided on the changes in fair value at the rate expected to apply when the property is sold.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2021: 1)
1 1
4. Tangible Assets
Land & Property
Freehold
£
Cost or Valuation
As at 1 January 2022 1,879,880
Additions 642,053
Revaluation 2,920,120
As at 31 December 2022 5,442,053
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2022 5,442,053
As at 1 January 2022 1,879,880
5. Investments
Unlisted
£
Cost
As at 1 January 2022 -
Additions 1,211,282
As at 31 December 2022 1,211,282
Provision
As at 1 January 2022 -
As at 31 December 2022 -
Net Book Value
As at 31 December 2022 1,211,282
As at 1 January 2022 -
The investment represents the acquisition of the entire share capital of Danmead Properties Ltd 
6. Debtors
2022 2021
£ £
Due within one year
Prepayments and accrued income - 2,076
Other debtors 236,916 239,928
Amounts owed on property disposals - (17,764 )
Director's loan account 4,625 -
Amounts owed by associates 672,054 198,540
913,595 422,780
7. Creditors: Amounts Falling Due Within One Year
2022 2021
£ £
Bank loans and overdrafts 41,311 29,432
Corporation tax 30,486 84,588
Net wages 2,800 2,800
Other creditors 260,965 130,617
Accruals and deferred income 6,120 2,759
Director's loan account - 20,375
Amounts owed to associates 909,675 47,372
1,251,357 317,943
The bank loans, which at the year-end total £1,437,784 (2020: £1,462,250) were secured by fixed charges over the company's freehold investment property, the valuation of which is shown in note 3 to the financial statements and was fully guaranteed by the director - see note 8.
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2022 2021
£ £
Bank loans 2,942,676 1,408,352
9. Share Capital
2022 2021
£ £
Allotted, Called up and fully paid 7 7
10. Reserves
Revaluation Reserve
£
Surplus on revaluation 2,920,120
As at 31 December 2022 2,920,120
Page 5