Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 13529385 Mr R L Sturgess Mr M J Doig Mr A J Hatfield iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13529385 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-07-31 13529385 2023-07-31 13529385 2024-07-31 13529385 2023-08-01 2024-07-31 13529385 frs-core:CurrentFinancialInstruments 2024-07-31 13529385 frs-core:Non-currentFinancialInstruments 2024-07-31 13529385 frs-core:ShareCapital 2024-07-31 13529385 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 13529385 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13529385 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 13529385 frs-bus:SmallEntities 2023-08-01 2024-07-31 13529385 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 13529385 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 13529385 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-07-31 13529385 frs-bus:Director1 2023-08-01 2024-07-31 13529385 frs-bus:Director2 2023-08-01 2024-07-31 13529385 frs-bus:Director3 2023-08-01 2024-07-31 13529385 frs-countries:EnglandWales 2023-08-01 2024-07-31 13529385 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-07-31 13529385 2022-07-31 13529385 2023-07-31 13529385 2022-08-01 2023-07-31 13529385 frs-core:CurrentFinancialInstruments 2023-07-31 13529385 frs-core:Non-currentFinancialInstruments 2023-07-31 13529385 frs-core:ShareCapital 2023-07-31 13529385 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 13529385 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-07-31
Registered number: 13529385
Lucror 268 Ltd
Financial Statements
For The Year Ended 31 July 2024
Jackson & Green Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13529385
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 150,000 136,454
150,000 136,454
CURRENT ASSETS
Debtors 5 675 765
Cash at bank and in hand 143 4,418
818 5,183
Creditors: Amounts Falling Due Within One Year 6 (2,368 ) (2,664 )
NET CURRENT ASSETS (LIABILITIES) (1,550 ) 2,519
TOTAL ASSETS LESS CURRENT LIABILITIES 148,450 138,973
Creditors: Amounts Falling Due After More Than One Year 7 (132,691 ) (136,157 )
NET ASSETS 15,759 2,816
CAPITAL AND RESERVES
Called up share capital 8 3 3
Fair Value Reserve 9 13,546 -
Profit and Loss Account 2,210 2,813
SHAREHOLDERS' FUNDS 15,759 2,816
Page 1
Page 2
For the year ending 31 July 2024 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 Profit and Loss Account.
On behalf of the board
Mr R L Sturgess
Director
Mr M J Doig
Director
Mr A J Hatfield
Director
30/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lucror 268 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13529385 . The registered office is 81 High Street, Cosham, Hampshire, PO6 3BL.
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.  The company is not registered for value added taxes. Turnover is derived solely from the rental and management of investment property.
Rents Receivable
Rent and management fees receivable represents the invoiced value of rental leases provided by the company.
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.
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 years 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 assets reflect 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: 3 (2023: 3)
3 3
4. Investment Property
2024
£
Fair Value
As at 1 August 2023 136,454
Revaluations 13,546
As at 31 July 2024 150,000
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 675 765
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax - 354
Accruals and deferred income 1,366 1,308
Directors' loan accounts 1,002 1,002
2,368 2,664
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Mortgage >1 year 98,982 98,970
Loans > 1 year 33,709 37,187
132,691 136,157
Of the creditors falling due after more than one year the following amounts are due after more than five years.  The company is committed to paying both loans monthly by instalment.   The mortgage (bank loan shown below) is secured by the way of a fixed and floating charge over the assets of the business.
2024 2023
£ £
Bank loans 98,982 98,970
Other Creditors 33,709 37,187
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
9. Reserves
Fair Value Reserve
£
Movements in fair value reserve 13,546
As at 31 July 2024 13,546
10. Related Party Transactions
The loan disclosed within Creditors: Amounts Falling Due After More Than One Year includes a non beneficial loan provided by an associated company which matures in 2031. The loan has been made at market rate and interest is charged daily. The shareholders are directors of both companies and the companies are under common control.
Page 4