Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09245725 Mr F A Karadaghi Mr N Smirnovs iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09245725 2022-12-31 09245725 2023-12-31 09245725 2023-01-01 2023-12-31 09245725 frs-core:CurrentFinancialInstruments 2023-12-31 09245725 frs-core:Non-currentFinancialInstruments 2023-12-31 09245725 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 09245725 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-01-01 2023-12-31 09245725 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2022-12-31 09245725 frs-core:SharePremium 2023-12-31 09245725 frs-core:ShareCapital 2023-12-31 09245725 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09245725 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09245725 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09245725 frs-bus:SmallEntities 2023-01-01 2023-12-31 09245725 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09245725 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09245725 frs-core:CostValuation 2022-12-31 09245725 frs-core:AdditionsToInvestments 2023-12-31 09245725 frs-core:DisposalsRepaymentsInvestments 2023-12-31 09245725 frs-core:RevaluationsIncreaseDecreaseInInvestments 2023-12-31 09245725 frs-core:CostValuation 2023-12-31 09245725 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 09245725 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 09245725 frs-core:ListedExchangeTraded 2023-12-31 09245725 frs-core:ListedExchangeTraded 2022-12-31 09245725 frs-core:CostValuation frs-core:ListedExchangeTraded 2022-12-31 09245725 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2023-12-31 09245725 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2023-12-31 09245725 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2023-12-31 09245725 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-12-31 09245725 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2022-12-31 09245725 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-12-31 09245725 frs-bus:Director1 2023-01-01 2023-12-31 09245725 frs-bus:Director2 2023-01-01 2023-12-31 09245725 frs-core:CurrentFinancialInstruments 1 2023-12-31 09245725 frs-countries:EnglandWales 2023-01-01 2023-12-31 09245725 2021-12-31 09245725 2022-12-31 09245725 2022-01-01 2022-12-31 09245725 frs-core:CurrentFinancialInstruments 2022-12-31 09245725 frs-core:Non-currentFinancialInstruments 2022-12-31 09245725 frs-core:SharePremium 2022-12-31 09245725 frs-core:ShareCapital 2022-12-31 09245725 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 09245725 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 09245725
Landlordinvest Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Goldwyns London LLP
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 09245725
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 63,262 74,313
Investments 5 25,309 -
88,571 74,313
CURRENT ASSETS
Debtors 6 13,482 -
Cash at bank and in hand 202,266 223,932
215,748 223,932
Creditors: Amounts Falling Due Within One Year 7 (23,190 ) (23,180 )
NET CURRENT ASSETS (LIABILITIES) 192,558 200,752
TOTAL ASSETS LESS CURRENT LIABILITIES 281,129 275,065
Creditors: Amounts Falling Due After More Than One Year 8 (12,849 ) (21,562 )
NET ASSETS 268,280 253,503
CAPITAL AND RESERVES
Called up share capital 9 968 968
Share premium account 297,025 297,025
Income Statement (29,713 ) (44,490 )
SHAREHOLDERS' FUNDS 268,280 253,503
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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 Income Statement.
On behalf of the board
Mr N Smirnovs
Director
19/09/2024
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
Landlordinvest Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09245725 . The registered office is 330 High Holborn, London, WC2A 1HL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities -The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.

The principle accounting polices adopted are set below.
2.2. Going Concern Disclosure
The directors have considered the prospect of the business for the next twelve months and beyond and have arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The directors have also pledged their financial support to assist with this if required. On this basis, the directors will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are computer software. It is amortised to the income statement over its estimated economic life of 10 years.
2.5. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.6. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.8. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
Government Assistance
The company has received assistance in the form of a government backed loan (including Coronavirus Business Interruption Loan Scheme (CBILS),Coronavirus Large Business Interruption Loan Scheme (CLBILS), Bounce Back Loan Scheme (BBLS) and Future Fund Scheme) of which the outstanding balance as at the year end was £21,431. This is reported the current and long term liabilities of the balance sheet based on the allocation of payments due within 12 months and greater than 12 months.
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2.9. Share Option Scheme and Investments
Share Option Scheme
During the year ended 31 December 2018, Share Option Scheme pool was created. This scheme has been set up to incentivise employees. The pool includes the option to issue 14,425 shares at the nominal value of £0.01. No shares have been issued to date, and the shares will be recognised or disclosed as issued.
Investments
Investments in listed and unlisted company shares whos market value can be reliably determined are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. For unlisted investments where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
2.10. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.11. Critical Accounting Judgements and Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers.These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 4 2
4 2
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 January 2023 110,512
As at 31 December 2023 110,512
Amortisation
As at 1 January 2023 36,199
Provided during the period 11,051
As at 31 December 2023 47,250
Net Book Value
As at 31 December 2023 63,262
As at 1 January 2023 74,313
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5. Investments
Listed Other Total
£ £ £
Cost
As at 1 January 2023 - - -
Additions 14,499 25,827 40,326
Disposals (7,296 ) (7,046 ) (14,342 )
Revaluations (675 ) - (675 )
As at 31 December 2023 6,528 18,781 25,309
Provision
As at 1 January 2023 - - -
As at 31 December 2023 - - -
Net Book Value
As at 31 December 2023 6,528 18,781 25,309
As at 1 January 2023 - - -
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 13,482 -
13,482 -
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 8,581 8,371
Other taxes and social security 4,477 5,191
Net wages 9,660 9,200
Pension 418 418
Directors' loan accounts 54 -
23,190 23,180
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Loan more than 1 year 12,849 21,562
12,849 21,562
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 968 968
The nominal value per Ordinary A share is £1 and there are 100 shares in issue. The nominal value per Ordinary B share is £0.01 and there are 10,464 shares in issue. The nominal value per Ordinary C share is £0.01 and there are 76,307 shares in issue.
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