Acorah Software Products - Accounts Production 14.6.300 false true 31 August 2022 1 June 2021 false 1 September 2022 31 August 2023 31 August 2023 10483739 Mr Jonathan Leonard iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10483739 2022-08-31 10483739 2023-08-31 10483739 2022-09-01 2023-08-31 10483739 frs-core:CurrentFinancialInstruments 2023-08-31 10483739 frs-core:Non-currentFinancialInstruments 2023-08-31 10483739 frs-core:MotorVehicles 2022-09-01 2023-08-31 10483739 frs-core:PlantMachinery 2023-08-31 10483739 frs-core:PlantMachinery 2022-09-01 2023-08-31 10483739 frs-core:PlantMachinery 2022-08-31 10483739 frs-core:ShareCapital 2023-08-31 10483739 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 10483739 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 10483739 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 10483739 frs-bus:SmallEntities 2022-09-01 2023-08-31 10483739 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 10483739 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 10483739 frs-bus:Director1 2022-09-01 2023-08-31 10483739 frs-countries:EnglandWales 2022-09-01 2023-08-31 10483739 2021-05-31 10483739 2022-08-31 10483739 2021-06-01 2022-08-31 10483739 frs-core:CurrentFinancialInstruments 2022-08-31 10483739 frs-core:Non-currentFinancialInstruments 2022-08-31 10483739 frs-core:ShareCapital 2022-08-31 10483739 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 10483739
Ultra Investments Derby Limited
Unaudited Financial Statements
For The Year Ended 31 August 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10483739
31 August 2023 31 August 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 88,775 117,967
Investment Properties 5 4,538,207 3,623,029
4,626,982 3,740,996
CURRENT ASSETS
Debtors 6 28,017 28,018
Cash at bank and in hand 12,451 71,055
40,468 99,073
Creditors: Amounts Falling Due Within One Year 7 (2,626,945 ) (1,833,189 )
NET CURRENT ASSETS (LIABILITIES) (2,586,477 ) (1,734,116 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,040,505 2,006,880
Creditors: Amounts Falling Due After More Than One Year 8 (1,750,249 ) (1,788,485 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (29,950 ) (26,753 )
NET ASSETS 260,306 191,642
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 260,206 191,542
SHAREHOLDERS' FUNDS 260,306 191,642
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For the year ending 31 August 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 Jonathan Leonard
Director
28/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Ultra Investments Derby Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10483739 . The registered office is Unit 15b Nottingham Road, Derby, DE21 6AQ.
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. 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:
Plant & Machinery 20% Reducing balance
Motor Vehicles 20% Reducing balance
2.4. 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.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.6. 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: NIL (2022: 1)
- 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 September 2022 145,955
As at 31 August 2023 145,955
Depreciation
As at 1 September 2022 27,988
Provided during the period 29,192
As at 31 August 2023 57,180
Net Book Value
As at 31 August 2023 88,775
As at 1 September 2022 117,967
5. Investment Property
31 August 2023
£
Fair Value
As at 1 September 2022 3,623,029
Additions 915,178
As at 31 August 2023 4,538,207
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6. Debtors
31 August 2023 31 August 2022
£ £
Due within one year
Trade debtors 4,200 4,201
Other debtors 23,817 23,817
28,017 28,018
7. Creditors: Amounts Falling Due Within One Year
31 August 2023 31 August 2022
£ £
Trade creditors 4,843 -
Bank loans and overdrafts 32,901 60,825
Corporation tax 39,219 38,099
Other taxes and social security - 150
VAT 5,102 4,235
Accruals and deferred income 9,900 4,900
Amounts owed to related parties 2,534,980 1,724,980
2,626,945 1,833,189
8. Creditors: Amounts Falling Due After More Than One Year
31 August 2023 31 August 2022
£ £
Bank loans 1,750,249 1,788,485
10. Share Capital
31 August 2023 31 August 2022
£ £
Allotted, Called up and fully paid 100 100
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