Acorah Software Products - Accounts Production 15.0.600 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 05429914 Mr T G Feite Qas Secretaries Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05429914 2022-09-30 05429914 2023-09-30 05429914 2022-10-01 2023-09-30 05429914 frs-core:CurrentFinancialInstruments 2023-09-30 05429914 frs-core:ShareCapital 2023-09-30 05429914 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 05429914 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 05429914 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 05429914 frs-bus:SmallEntities 2022-10-01 2023-09-30 05429914 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 05429914 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 05429914 frs-bus:Director1 2022-10-01 2023-09-30 05429914 frs-bus:CompanySecretary1 2022-10-01 2023-09-30 05429914 frs-countries:EnglandWales 2022-10-01 2023-09-30 05429914 2021-09-30 05429914 2022-09-30 05429914 2021-10-01 2022-09-30 05429914 frs-core:CurrentFinancialInstruments 2022-09-30 05429914 frs-core:ShareCapital 2022-09-30 05429914 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 05429914
Idealpoint Properties Limited
Unaudited Financial Statements
For The Year Ended 30 September 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05429914
2023 2022
Notes
FIXED ASSETS
Investment Properties 4 3,632,265 3,632,265
3,632,265 3,632,265
CURRENT ASSETS
Debtors 5 1,392,083 615,098
Cash at bank and in hand 1,081 1,753
1,393,164 616,851
Creditors: Amounts Falling Due Within One Year 6 (4,650,643 ) (3,894,610 )
NET CURRENT ASSETS (LIABILITIES) (3,257,479 ) (3,277,759 )
TOTAL ASSETS LESS CURRENT LIABILITIES 374,786 354,506
NET ASSETS 374,786 354,506
CAPITAL AND RESERVES
Called up share capital 7 349,135 349,135
Profit and Loss Account 25,651 5,371
SHAREHOLDERS' FUNDS 374,786 354,506
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For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 T G Feite
Director
19/09/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Idealpoint Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05429914 . The registered office is 5 Indescon Square, Lightermans Road, London, E14 9DQ.
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. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Investment Property
2023
Fair Value
As at 1 October 2022 and 30 September 2023 3,632,265
The fair value of the investment properties have been arrived at on the basis of a valuation carried out in September 2023 by Thomas Feite,a director of the company .The valuation was made on an open market basis by reference to market evidence of transaction prices for similar properties.  
5. Debtors
2023 2022
Due within one year
Trade debtors 14,948 15,399
Other debtors 1,377,135 599,699
1,392,083 615,098
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
Trade creditors 94,510 107,638
Other creditors 4,555,941 3,784,499
Taxation and social security 192 2,473
4,650,643 3,894,610
7. Share Capital
2023 2022
Allotted, Called up and fully paid 349,135 349,135
8. Related Party Transactions
At 30 September 2023,an amount of €1,824,392 (2022:€1,824,392) was owed to Tiger 1 Investment Group Limited,a company registered in the British Virgin Islands and under the control of Thomas Feite.The debt is unsecured and repayable on demand.
At 30 September 2023,an amount of €767,931 (2022:€772,642) was owed by CEC Group Limited,a company registered in the UK and under the control of Thomas Feite .The debt is unsecured and repayable on demamd.
At 30 September 2023,an amount of €188,935 (2022:€188,935) was owed to Ravepoint Engineering Limited ,a company registered in the UK and under the control of Thomas Feite.The debt is unsecured and repayable on demand.    
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