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 12321998 Mr V P Gandhi Mr R Kumar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12321998 2022-11-30 12321998 2023-11-30 12321998 2022-12-01 2023-11-30 12321998 frs-core:CurrentFinancialInstruments 2023-11-30 12321998 frs-core:Non-currentFinancialInstruments 2023-11-30 12321998 frs-core:ShareCapital 2023-11-30 12321998 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 12321998 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12321998 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 12321998 frs-bus:SmallEntities 2022-12-01 2023-11-30 12321998 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 12321998 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 12321998 frs-bus:Director1 2022-12-01 2023-11-30 12321998 frs-bus:Director2 2022-12-01 2023-11-30 12321998 frs-core:CurrentFinancialInstruments 1 2023-11-30 12321998 frs-core:CurrentFinancialInstruments 3 2023-11-30 12321998 frs-core:CurrentFinancialInstruments 4 2023-11-30 12321998 frs-core:CurrentFinancialInstruments 5 2023-11-30 12321998 frs-countries:EnglandWales 2022-12-01 2023-11-30 12321998 2021-11-30 12321998 2022-11-30 12321998 2021-12-01 2022-11-30 12321998 frs-core:CurrentFinancialInstruments 2022-11-30 12321998 frs-core:Non-currentFinancialInstruments 2022-11-30 12321998 frs-core:ShareCapital 2022-11-30 12321998 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 12321998 frs-core:CurrentFinancialInstruments 1 2022-11-30 12321998 frs-core:CurrentFinancialInstruments 3 2022-11-30 12321998 frs-core:CurrentFinancialInstruments 4 2022-11-30 12321998 frs-core:CurrentFinancialInstruments 5 2022-11-30
Registered number: 12321998
Vestrow Property Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Goldwyns London LLP
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—4
Page 1
Statement of Financial Position
Registered number: 12321998
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 123,246 135,518
Cash at bank and in hand 1 1,128
123,247 136,646
Creditors: Amounts Falling Due Within One Year 5 (81,637 ) (83,169 )
NET CURRENT ASSETS (LIABILITIES) 41,610 53,477
TOTAL ASSETS LESS CURRENT LIABILITIES 41,610 53,477
Creditors: Amounts Falling Due After More Than One Year 6 (15,833 ) (26,775 )
NET ASSETS 25,777 26,702
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement 25,677 26,602
SHAREHOLDERS' FUNDS 25,777 26,702
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Income Statement.
On behalf of the board
Mr R Kumar
Director
30/08/2024
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Vestrow Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12321998 . The registered office is 33 Cavendish Square, Room 408, London, England, W1G 0PW.
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. Going Concern Disclosure
The directors have considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The Directors have also pledged their financial support to assist with this if required. On this basis, the directors will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it related to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
2.5. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
Government Assistance
The company has received assistance in the form of a government backed loan (including Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS), Bounce Back Loan Scheme (BBLS) and Future Fund Scheme) of which the outstanding balance as at the year end was £25,833. This is reported in the current and long term liabilities of the balance sheet based on the allocation of payments due within 12 months (£10,000) and greater than 12 months (£15,833).
2.6. Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.7. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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2.8. Critical Accounting Judgements and Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.

The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

Accrued Expenditure

The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers.These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Debtors
2023 2022
£ £
Due within one year
Amounts due from parent undertakings 20,986 -
Amounts due from connected undertakings 102,260 135,518
123,246 135,518
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Other creditors 15,850 15,850
Amounts due to parent undertakings - 3,532
Amounts due to connected undertakings 2,000 -
Accruals and deferred income 45,000 45,000
Directors' loan accounts 8,787 8,787
81,637 83,169
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loan 15,833 26,775
15,833 26,775
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
The nominal value per share is £1 and as at the year-end there are 100 Ordinary shares in issue.
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8. Related Party Transactions
The Directors Loan Account balance Mr R Kumar of £787 as at the year-end  is a current liability, interest free and is repayable on demand.
The Directors Loan Account balance Mr V P Gandhi of £8,000 as at the year-end  is a current liability, interest free and is repayable on demand.
As at the year-end, Vestrow Business Limited (a company related via common control and directorship) owed the company £102,260. This amount is a current asset, interest free and repayable on demand.
As at the year-end, Vestrow Limited (the company's sole parent) owed the company £20,986. This amount is  a current asset, interest free and is repayable on demand.
As at the year-end, the company owed Vestrow Events Limited (a company related via common control and directorship) £2,000. This amount is a current liability, interest free and repayable on demand.
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