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 13372077 Mr D Guiver Mr K W Richardson Mr D Guiver Unit 41, 17 Holywell Hill, St Albans, Hertfordshire AL1 1DT true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13372077 2022-12-31 13372077 2023-12-31 13372077 2023-01-01 2023-12-31 13372077 frs-core:CurrentFinancialInstruments 2023-12-31 13372077 frs-core:ShareCapital 2023-12-31 13372077 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13372077 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13372077 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13372077 frs-bus:SmallEntities 2023-01-01 2023-12-31 13372077 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13372077 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13372077 1 2023-01-01 2023-12-31 13372077 frs-bus:Director1 2023-01-01 2023-12-31 13372077 frs-bus:Director2 2023-01-01 2023-12-31 13372077 frs-countries:EnglandWales 2023-01-01 2023-12-31 13372077 2021-12-31 13372077 2022-12-31 13372077 2022-01-01 2022-12-31 13372077 frs-core:CurrentFinancialInstruments 2022-12-31 13372077 frs-core:ShareCapital 2022-12-31 13372077 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 13372077
Nashlea Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
One Bean Limited
Chartered Accountants
The Officers' Mess
Royston Road
Duxford
Cambridgeshire
CB22 4QH
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13372077
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 4,306,069 3,997,297
Debtors 5 1 1
4,306,070 3,997,298
Creditors: Amounts Falling Due Within One Year 6 (4,284,984 ) (3,991,800 )
NET CURRENT ASSETS (LIABILITIES) 21,086 5,498
TOTAL ASSETS LESS CURRENT LIABILITIES 21,086 5,498
NET ASSETS 21,086 5,498
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 21,085 5,497
SHAREHOLDERS' FUNDS 21,086 5,498
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 K W Richardson
Director
11 September 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Nashlea Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13372077 . The registered office is Unit 41, 17 Holywell Hill, St Albans, Hertfordshire, AL1 1DT. The principal activity of the company is property development.
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. Stocks and Work in Progress
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
2.3. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income statement.
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.
2.5. Operating leases
Rental income derived from properties held as stock is accounted for on a straight line basis over the term of the lease.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Stocks
2023 2022
£ £
Work in progress 4,306,069 3,997,297
Page 2
Page 3
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 1 1
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 129,628 -
Amounts owed to participating interests 4,151,503 3,990,510
Taxation and social security 3,853 1,290
4,284,984 3,991,800
7. Share Capital
2023 2022
£ £
Called Up Share Capital not Paid 1 1
Amount of Allotted, Called Up Share Capital 1 1
8. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Spirit Holdings Limited . Spirit Holdings Limited was incorporated in (Please enter country of incorporation). Copies of the group accounts may be obtained from the secretary, Unit 41, 17 Holywell Hill, St Albans, Hertfordshire AL1 1DT . The ultimate controlling party is Mr D Guiver who controls 70% of the shares of Spirit Holdings Limited .
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