Acorah Software Products - Accounts Production 15.0.600 false true true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 11075870 Dr Y Fei iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11075870 2022-11-30 11075870 2023-11-30 11075870 2022-12-01 2023-11-30 11075870 frs-core:CurrentFinancialInstruments 2023-11-30 11075870 frs-core:Non-currentFinancialInstruments 2023-11-30 11075870 frs-core:FurnitureFittings 2023-11-30 11075870 frs-core:FurnitureFittings 2022-12-01 2023-11-30 11075870 frs-core:FurnitureFittings 2022-11-30 11075870 frs-core:InvestmentPropertyIncludedWithinPPE 2023-11-30 11075870 frs-core:InvestmentPropertyIncludedWithinPPE 2022-11-30 11075870 frs-core:ShareCapital 2023-11-30 11075870 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 11075870 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11075870 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 11075870 frs-bus:SmallEntities 2022-12-01 2023-11-30 11075870 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11075870 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11075870 frs-bus:Director1 2022-12-01 2023-11-30 11075870 frs-countries:EnglandWales 2022-12-01 2023-11-30 11075870 2021-11-30 11075870 2022-11-30 11075870 2021-12-01 2022-11-30 11075870 frs-core:CurrentFinancialInstruments 2022-11-30 11075870 frs-core:Non-currentFinancialInstruments 2022-11-30 11075870 frs-core:ShareCapital 2022-11-30 11075870 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 11075870
BRIGHTON RD LTD.
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11075870
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 558,311 495,000
558,311 495,000
CURRENT ASSETS
Debtors 5 10,767 11,288
Cash at bank and in hand 2,775 7,577
13,542 18,865
Creditors: Amounts Falling Due Within One Year 6 (223,554 ) (217,586 )
NET CURRENT ASSETS (LIABILITIES) (210,012 ) (198,721 )
TOTAL ASSETS LESS CURRENT LIABILITIES 348,299 296,279
Creditors: Amounts Falling Due After More Than One Year 7 (381,541 ) (381,541 )
NET LIABILITIES (33,242 ) (85,262 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (33,342 ) (85,362 )
SHAREHOLDERS' FUNDS (33,242) (85,262)
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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 her 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
Dr Y Fei
Director
19 August 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
BRIGHTON RD LTD. is a private company, limited by shares, incorporated in England & Wales, registered number 11075870 . The registered office is 21 The Hollands, Worcester Park, KT4 7LH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention except that investment property is measured at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.
2.2. Going Concern Disclosure
The director has identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
The financial statements have been prepared in accordance with the accounting principles appropriate to a going concern, notwithstanding the company's net current liabilities, which the director believes to be appropriate for the following reasons. The company is dependent for its working capital on funds provided to it by the company's director, Dr Y Fei. Dr Y Fei has provided the company with an undertaking that, for at least 12 months from the date of approval of these financial statements, it will continue to make available such funds as are needed by the company.
This should enable the company to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due for payment. As with any company placing reliance on other entities for financial support, the director acknowledges that there can be no certainty that this support will continue, although, at the date of approval of these financial statements, She has no reason to believe that it will not do so.
Based on this undertaking the director believes that it remains appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the basis of preparation being inappropriate. 
2.3. Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year exclusive of Value Added Tax.

2.4. 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:
Fixtures & Fittings 25% on cost
2.5. Investment Properties
All investment properties are propeties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost.

Subsequent to initial recognition:

1) Invesment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from changes in fair value are recognised in the profit and loss account in the period they arised; and

2) No depreciation is provided for in respect of investment properties applying the fair value model.

Invesmtent properties fair value is determined by the director based on his understanding of property market conditions and the specific properties concerned. Any gain or loss arising from a change in fair value is recognised in the profit and loss account.
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2.6. Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial instruments
Trade and other debtors
Trade and other debtors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate for a similar debt instrument.
Trade and other creditors
Trade and other creditors are recognised initially at transaction price less attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate for a similar debt instrument.
2.7. Acquisitions and disposals of properties
Acquisitions and disposals are considered to have taken place at the date of legal completion and are included in the financial statements accordingly.
3. Average Number of Employees
The average number of persons employed by the company during the period amounted to 1 (2022: 1)
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4. Tangible Assets
Investment Properties Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 December 2022 495,000 1,150 496,150
Revaluation 63,311 - 63,311
As at 30 November 2023 558,311 1,150 559,461
Depreciation
As at 1 December 2022 - 1,150 1,150
As at 30 November 2023 - 1,150 1,150
Net Book Value
As at 30 November 2023 558,311 - 558,311
As at 1 December 2022 495,000 - 495,000
Cost or valuation as at 30 November 2023 represented by:
Investment Properties Fixtures & Fittings Total
£ £ £
At cost 558,311 1,150 559,461
558,311 1,150 559,461
The company's investment property is included in the Financial Statements at Director's valuation.
The company's residential property was valued using a slaes valuation approach, derived from recent comparable transactions in the market, adjusted by applying discounts to reflect status of occupation and condition.
Historical cost model
The historical cost of investment property at 30 November 2023 is £558,311.
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 2,127 2,201
Other debtors 8,640 9,087
10,767 11,288
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 223,554 217,586
Other creditors include amounts aggregating £220,787 (2022: £214,486) due to the director of this company. The loans are interest free and repayable on demand.
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 381,541 381,541
The Bank loan is secured by a fixed charge over the investment property of the company with a book value of £558,311.
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Accounting estimates and judgements
1) Property valuations
The valuation of the company's property portfolio is inherently subjective, depending on many factors, including the individual nature of each property, its location and expected future net rental values, market yields and comparable market transactions. Therefore the valuations are subject to a degree of uncertainty and are made on the basis of assumptions which may not prove to be accurate particularly in periods of difficult market or economic conditions.
2) Trade and other debtors
Management uses details of the age of trade and other debtors and the status of any disputes together with external evidence of the credit status of the counterparty in making judgements concerning any need to impair the carrying values.
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