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 11733379 Mr M R Manning Mrs L D Manning iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11733379 2022-12-31 11733379 2023-12-31 11733379 2023-01-01 2023-12-31 11733379 frs-core:CurrentFinancialInstruments 2023-12-31 11733379 frs-core:Non-currentFinancialInstruments 2023-12-31 11733379 frs-core:BetweenOneFiveYears 2023-12-31 11733379 frs-core:FurnitureFittings 2023-12-31 11733379 frs-core:FurnitureFittings 2023-01-01 2023-12-31 11733379 frs-core:FurnitureFittings 2022-12-31 11733379 frs-core:PlantMachinery 2023-12-31 11733379 frs-core:PlantMachinery 2023-01-01 2023-12-31 11733379 frs-core:PlantMachinery 2022-12-31 11733379 frs-core:WithinOneYear 2023-12-31 11733379 frs-core:ShareCapital 2023-12-31 11733379 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11733379 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11733379 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11733379 frs-bus:SmallEntities 2023-01-01 2023-12-31 11733379 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11733379 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11733379 frs-bus:Director1 2023-01-01 2023-12-31 11733379 frs-bus:Director2 2023-01-01 2023-12-31 11733379 frs-countries:EnglandWales 2023-01-01 2023-12-31 11733379 2021-12-31 11733379 2022-12-31 11733379 2022-01-01 2022-12-31 11733379 frs-core:CurrentFinancialInstruments 2022-12-31 11733379 frs-core:Non-currentFinancialInstruments 2022-12-31 11733379 frs-core:BetweenOneFiveYears 2022-12-31 11733379 frs-core:WithinOneYear 2022-12-31 11733379 frs-core:ShareCapital 2022-12-31 11733379 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11733379
Elenem Properties Ltd
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11733379
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 80,641 95,559
80,641 95,559
CURRENT ASSETS
Debtors 5 5,707 21,516
Cash at bank and in hand 321 2,104
6,028 23,620
Creditors: Amounts Falling Due Within One Year 6 (84,071 ) (93,287 )
NET CURRENT ASSETS (LIABILITIES) (78,043 ) (69,667 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,598 25,892
Creditors: Amounts Falling Due After More Than One Year 7 (13,384 ) (21,230 )
NET (LIABILITIES)/ASSETS (10,786 ) 4,662
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (10,886 ) 4,562
SHAREHOLDERS' FUNDS (10,786) 4,662
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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
Mrs L D Manning
Director
17 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Elenem Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11733379 . The registered office is 44 Main Street, Kirby Muxloe, Leicester, Leicestershire, LE9 2AL.
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:
Plant & Machinery 15% reducing balance
Fixtures & Fittings 20% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2023 150,229 5,722 155,951
As at 31 December 2023 150,229 5,722 155,951
Depreciation
As at 1 January 2023 58,407 1,985 60,392
Provided during the period 13,773 1,145 14,918
As at 31 December 2023 72,180 3,130 75,310
Net Book Value
As at 31 December 2023 78,049 2,592 80,641
As at 1 January 2023 91,822 3,737 95,559
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 5,707 6,016
Deferred tax current asset - 15,500
5,707 21,516
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 5,446 5,446
Bank loans and overdrafts 2,400 2,400
Corporation tax 233 -
Other creditors 65,930 80,430
Accruals and deferred income 5,890 4,890
Directors' loan accounts 4,172 121
84,071 93,287
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 9,984 15,430
Bank loans 3,400 5,800
13,384 21,230
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8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,446 5,446
Later than one year and not later than five years 9,984 15,430
15,430 20,876
15,430 20,876
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
At the balance sheet date, the company owed Elenem Contracts Ltd £65,929 (2022: £80,429). A company that is owned by the same directors. The amount was unsecured, interest free with no fixed repayment date.
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