Acorah Software Products - Accounts Production 14.6.300 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09730170 Mr H L Jaffer Ms S Jaffer Mr H L Jaffer Mr H A Suleman Mr J Mohmed Dr M Raman Frank Truman Limited Haider Jaffer Children's settlement true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09730170 2022-12-31 09730170 2023-12-31 09730170 2023-01-01 2023-12-31 09730170 frs-core:CurrentFinancialInstruments 2023-12-31 09730170 frs-core:Non-currentFinancialInstruments 2023-12-31 09730170 frs-core:ShareCapital 2023-12-31 09730170 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09730170 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09730170 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09730170 frs-bus:SmallEntities 2023-01-01 2023-12-31 09730170 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09730170 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09730170 1 2023-01-01 2023-12-31 09730170 frs-core:CostValuation 2022-12-31 09730170 frs-core:CostValuation 2023-12-31 09730170 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 09730170 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 09730170 frs-bus:Director1 2023-01-01 2023-12-31 09730170 frs-bus:Director2 2023-01-01 2023-12-31 09730170 frs-bus:Director3 2023-01-01 2023-12-31 09730170 frs-bus:Director4 2023-01-01 2023-12-31 09730170 frs-bus:Director5 2023-01-01 2023-12-31 09730170 frs-bus:Director6 2023-01-01 2023-12-31 09730170 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 09730170 frs-countries:EnglandWales 2023-01-01 2023-12-31 09730170 2021-12-31 09730170 2022-12-31 09730170 2022-01-01 2022-12-31 09730170 frs-core:CurrentFinancialInstruments 2022-12-31 09730170 frs-core:Non-currentFinancialInstruments 2022-12-31 09730170 frs-core:ShareCapital 2022-12-31 09730170 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09730170
Ayre Properties Limited
Financial Statements
For The Year Ended 31 December 2023
1 Landor Road
London
SW9 9RX
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09730170
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,288,269 1,348,269
Investments 5 200 200
1,288,469 1,348,469
CURRENT ASSETS
Debtors 6 206,870 121,036
Cash at bank and in hand 10,273 22,888
217,143 143,924
Creditors: Amounts Falling Due Within One Year 7 (23,045 ) (79,081 )
NET CURRENT ASSETS (LIABILITIES) 194,098 64,843
TOTAL ASSETS LESS CURRENT LIABILITIES 1,482,567 1,413,312
Creditors: Amounts Falling Due After More Than One Year 8 (1,329,852 ) (1,276,386 )
NET ASSETS 152,715 136,926
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 152,615 136,826
SHAREHOLDERS' FUNDS 152,715 136,926
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Page 2
For the year 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 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 H L Jaffer
Director
3 September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ayre Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09730170 . The registered office is Kirkland House, 11-15 Peterborough Road, Harrow, Middlesex, HA1 2AX.
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.
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.
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: NIL (2022: NIL)
- -
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4. Investment Property
2023
£
Fair Value
As at 1 January 2023 1,348,269
Disposals (60,000 )
As at 31 December 2023 1,288,269
5. Investments
Other
£
Cost
As at 1 January 2023 200
As at 31 December 2023 200
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 200
As at 1 January 2023 200
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 9,871 9,708
9,871 9,708
Due after more than one year
Amounts owed by associates 196,999 111,328
196,999 111,328
206,870 121,036
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,372 -
Bank loans and overdrafts - 59,496
Corporation tax 4,418 1,238
Accruals and deferred income 17,255 4,454
Amounts owed to associates - 13,893
23,045 79,081
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 606,915 553,449
Amounts owed to associates 722,937 722,937
1,329,852 1,276,386
The above loans are secured toward the assets of the business.
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Included in Debtors and Creditors following are the transaction with Associated companies;
Ayre Properties ( Scotland) Limited: 2023  Dr £110,280, (2022 Dr £55,154)
Mossblown Properties Scotland Limited: 2023  Dr £53,322, (2022 Dr £56,174) 
Frank Truman Limited: 2023  Dr £26,930, (2022 Cr £5,564)
Leena Homes Limited: 2023 Dr £6,466, (2022 Cr £8,328)
Finbar Investments International Limited: 2023 Cr £722,937, 2022 Cr £722,937) 
11. Ultimate Controlling Party
The company's ultimate controlling party is Haider Jaffer Children's settlement by virtue of his significant influence or control over the company.
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