Acorah Software Products - Accounts Production 15.0.600 false true true No description of principal activity 12 December 2022 31 December 2023 31 December 2023 14536351 Mr Stelian Dan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14536351 2022-12-11 14536351 2023-12-31 14536351 2022-12-12 2023-12-31 14536351 frs-core:Non-currentFinancialInstruments 2023-12-31 14536351 frs-core:ShareCapital 2023-12-31 14536351 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 14536351 frs-bus:PrivateLimitedCompanyLtd 2022-12-12 2023-12-31 14536351 frs-bus:FullAccounts 2022-12-12 2023-12-31 14536351 frs-bus:SmallEntities 2022-12-12 2023-12-31 14536351 frs-bus:AuditExemptWithAccountantsReport 2022-12-12 2023-12-31 14536351 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-12 2023-12-31 14536351 frs-bus:SmallCompaniesRegimeForDirectorsReport 2022-12-12 2023-12-31 14536351 frs-bus:Director1 2022-12-12 2023-12-31 14536351 frs-bus:Director1 2023-12-31 14536351 frs-countries:EnglandWales 2022-12-12 2023-12-31
Registered number: 14536351
By Properties Ltd
Director's Report and
Unaudited Financial Statements
For the Period 12 December 2022 to 31 December 2023
My Prestige Accountant Ltd
Contents
Page
Company Information 1
Director's Report 2
Accountants' Report 3
Profit and Loss Account 4
Balance Sheet 5
Notes to the Financial Statements 6—7
Page 1
Company Information
Director Mr Stelian Dan
Company Number 14536351
Registered Office 10 Hollywoods
Croydon, Surrey
England
CR0 9JG
Accountants My Prestige Accountant Ltd
12 Collins Avenue
Stanmore
HA7 1DL
Page 1
Page 2
Director's Report
The director presents his report and the financial statements for the period ended 31 December 2023.
Directors
The director who held office during the period were as follows:
Mr Stelian Dan Appointed 12/12/2022
Statement of Director's Responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to: 
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Stelian Dan
Director
21/08/2024
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Page 3
Accountants' Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of By Properties Ltd for the period 12 December 2022 to 31 December 2023 which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the director of By Properties Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of By Properties Ltd and state those matters that we have agreed to state to the director of By Properties Ltd in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.
It is your duty to ensure that By Properties Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of By Properties Ltd . You consider that By Properties Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of By Properties Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Signed
21/08/2024
My Prestige Accountant Ltd
12 Collins Avenue
Stanmore
HA7 1DL
Page 3
Page 4
Profit and Loss Account
31 December 2023
Notes £
TURNOVER 14,700
GROSS PROFIT 14,700
Administrative expenses (22,545 )
Other operating income 46
OPERATING LOSS (7,799 )
Interest payable and similar charges (17,154 )
LOSS FOR THE FINANCIAL PERIOD (24,953 )
The notes on pages 6 to 7 form part of these financial statements.
Page 4
Page 5
Balance Sheet
31 December 2023
Notes £ £
FIXED ASSETS
Investment Properties 4 327,908
327,908
CURRENT ASSETS
Cash at bank and in hand 2,087
2,087
Creditors: Amounts Falling Due Within One Year 5 (110,651 )
NET CURRENT ASSETS (LIABILITIES) (108,564 )
TOTAL ASSETS LESS CURRENT LIABILITIES 219,344
Creditors: Amounts Falling Due After More Than One Year 6 (244,197 )
NET LIABILITIES (24,853 )
CAPITAL AND RESERVES
Called up share capital 7 100
Profit and Loss Account (24,953 )
SHAREHOLDERS' FUNDS (24,853)
For the period ending 31 December 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 in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mr Stelian Dan
Director
21/08/2024
The notes on pages 6 to 7 form part of these financial statements.
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Page 6
Notes to the Financial Statements
1. General Information
By Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14536351 . The registered office is 10 Hollywoods, Croydon, Surrey, England, CR0 9JG.
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 period was: 1
1
4. Investment Property
31 December 2023
£
Fair Value
As at 12 December 2022 -
Additions 327,908
As at 31 December 2023 327,908
5. Creditors: Amounts Falling Due Within One Year
31 December 2023
£
Other creditors 110,651
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Page 7
6. Creditors: Amounts Falling Due After More Than One Year
31 December 2023
£
Bank loans 244,197
During the year, the company borrowed £225,000 from Lendinvest security trustees limited to acquire a freehold property.
The loan is repayable over 15 year, with interest payable at 3.09% for 24 months and reamaining 156 months interest
payable at 5.85% over bank base. The loan is secured by a fixed and floating charges over the property located at 278 High
street, St Mary's Cray, Oprington, Kent BR5 4AR.
7. Share Capital
31 December 2023
£
Allotted, Called up and fully paid 100
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