Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 13544526 Mr Aidan Nesbitt Mr Antonio Vaquero Del Rosal iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13544526 2023-08-31 13544526 2024-08-31 13544526 2023-09-01 2024-08-31 13544526 frs-core:ComputerEquipment 2023-09-01 2024-08-31 13544526 frs-core:ShareCapital 2024-08-31 13544526 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 13544526 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13544526 frs-bus:AbridgedAccounts 2023-09-01 2024-08-31 13544526 frs-bus:SmallEntities 2023-09-01 2024-08-31 13544526 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 13544526 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 13544526 frs-bus:Director1 2023-09-01 2024-08-31 13544526 frs-bus:Director2 2023-09-01 2024-08-31 13544526 frs-countries:EnglandWales 2023-09-01 2024-08-31 13544526 2022-08-31 13544526 2023-08-31 13544526 2022-09-01 2023-08-31 13544526 frs-core:ShareCapital 2023-08-31 13544526 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 13544526
Loft Property Investments Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 13544526
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 781 619
781 619
CURRENT ASSETS
Debtors 29,540 26,268
Cash at bank and in hand 15,640 4,060
45,180 30,328
Creditors: Amounts Falling Due Within One Year (28,606 ) (15,279 )
NET CURRENT ASSETS (LIABILITIES) 16,574 15,049
TOTAL ASSETS LESS CURRENT LIABILITIES 17,355 15,668
PROVISIONS FOR LIABILITIES
Deferred Taxation (195 ) -
NET ASSETS 17,160 15,668
CAPITAL AND RESERVES
Called up share capital 5 200 100
Profit and Loss Account 16,960 15,568
SHAREHOLDERS' FUNDS 17,160 15,668
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For the year ending 31 August 2024 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 August 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Aidan Nesbitt
Director
Mr Antonio Vaquero Del Rosal
Director
20/09/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Loft Property Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13544526 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Computer Equipment 33% Straight Line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Tangible Assets
Total
£
Cost
As at 1 September 2023 887
Additions 679
As at 31 August 2024 1,566
Depreciation
As at 1 September 2023 268
Provided during the period 517
As at 31 August 2024 785
Net Book Value
As at 31 August 2024 781
As at 1 September 2023 619
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5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 100
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