Acorah Software Products - Accounts Production 14.6.300 false true false 2 December 2022 31 December 2023 31 December 2023 14522554 Mrs Mellisa Butlin Mr Gary Butlin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14522554 2022-12-01 14522554 2023-12-31 14522554 2022-12-02 2023-12-31 14522554 frs-core:Non-currentFinancialInstruments 2023-12-31 14522554 frs-core:ShareCapital 2023-12-31 14522554 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 14522554 frs-bus:PrivateLimitedCompanyLtd 2022-12-02 2023-12-31 14522554 frs-bus:AbridgedAccounts 2022-12-02 2023-12-31 14522554 frs-bus:SmallEntities 2022-12-02 2023-12-31 14522554 frs-bus:AuditExempt-NoAccountantsReport 2022-12-02 2023-12-31 14522554 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-02 2023-12-31 14522554 frs-bus:Director1 2022-12-02 2023-12-31 14522554 frs-bus:Director2 2022-12-02 2023-12-31 14522554 frs-countries:EnglandWales 2022-12-02 2023-12-31
GME Estates Ltd
Unaudited ABRIDGED Financial Statements
For the Period 2 December 2022 to 31 December 2023
Phoenix Accounting Services Ltd
MAAT
3 Selsey Bus Ctr
Selsey
Chichester
PO20 0RS
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3
Page 1
Abridged Balance Sheet
Registered number: 14522554
31 December 2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 1,005,070
1,005,070
CURRENT ASSETS
Debtors 2
Cash at bank and in hand 27,039
27,041
Creditors: Amounts Falling Due Within One Year (18,012 )
NET CURRENT ASSETS (LIABILITIES) 9,029
TOTAL ASSETS LESS CURRENT LIABILITIES 1,014,099
Creditors: Amounts Falling Due After More Than One Year (1,021,524 )
NET LIABILITIES (7,425 )
CAPITAL AND RESERVES
Called up share capital 5 2
Profit and Loss Account (7,427 )
SHAREHOLDERS' FUNDS (7,425)
Page 1
Page 2
For the period 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Gary Butlin
Director
17/09/2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
GME Estates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14522554 . The registered office is 3 Selsey Business Centre The Bridleway, Selsey, Chichester, PO20 0RS.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
4. Tangible Assets
Total
£
Cost
As at 2 December 2022 1,005,070
As at 31 December 2023 1,005,070
Net Book Value
As at 31 December 2023 1,005,070
As at 2 December 2022 1,005,070
5. Share Capital
31 December 2023
£
Allotted, Called up and fully paid 2
6. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
Page 3