Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09953575 Mr Chris Frangoudes Mrs Ellie Frangoulli Mr Christos Frangoullis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09953575 2022-12-31 09953575 2023-12-31 09953575 2023-01-01 2023-12-31 09953575 frs-core:CurrentFinancialInstruments 2023-12-31 09953575 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 09953575 frs-core:InvestmentPropertyIncludedWithinPPE 2022-12-31 09953575 frs-core:RevaluationReserve 2022-12-31 09953575 frs-core:RevaluationReserve 2023-12-31 09953575 frs-core:ShareCapital 2023-12-31 09953575 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09953575 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09953575 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09953575 frs-bus:SmallEntities 2023-01-01 2023-12-31 09953575 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09953575 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09953575 frs-bus:Director1 2023-01-01 2023-12-31 09953575 frs-bus:Director2 2023-01-01 2023-12-31 09953575 frs-bus:Director3 2023-01-01 2023-12-31 09953575 frs-countries:EnglandWales 2023-01-01 2023-12-31 09953575 2021-12-31 09953575 2022-12-31 09953575 2022-01-01 2022-12-31 09953575 frs-core:CurrentFinancialInstruments 2022-12-31 09953575 frs-core:RevaluationReserve 2022-12-31 09953575 frs-core:ShareCapital 2022-12-31 09953575 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09953575
Cvo Property Services Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09953575
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,690,000 1,690,000
1,690,000 1,690,000
CURRENT ASSETS
Cash at bank and in hand 166,057 140,024
166,057 140,024
Creditors: Amounts Falling Due Within One Year 5 (1,208,132 ) (1,198,732 )
NET CURRENT ASSETS (LIABILITIES) (1,042,075 ) (1,058,708 )
TOTAL ASSETS LESS CURRENT LIABILITIES 647,925 631,292
NET ASSETS 647,925 631,292
CAPITAL AND RESERVES
Called up share capital 6 100 100
Revaluation reserve 7 600,000 600,000
Profit and Loss Account 47,825 31,192
SHAREHOLDERS' FUNDS 647,925 631,292
Page 1
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 Christos Frangoullis
Director
08/07/2024
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
Cvo Property Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09953575 . The registered office is Coach House, Bellevue Road, London, N11 3NY.
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 that of rents receivable.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 January 2023 1,690,000
As at 31 December 2023 1,690,000
Net Book Value
As at 31 December 2023 1,690,000
As at 1 January 2023 1,690,000
The investment properties were valued on 31 December 2023 by the director of the company. The basis of this valuation was at market value.
Cost or valuation as at 31 December 2023 represented by:
Investment Properties
£
At valuation 1,690,000
1,690,000
If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:
Investment Properties
£
Cost 1,090,000
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income 2,900 -
Directors' loan accounts 1,205,232 1,198,732
1,208,132 1,198,732
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
7. Reserves
Revaluation Reserve
£
As at 1 January 2023 600,000
As at 31 December 2023 600,000
Page 4