Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 10252707 L Ellis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10252707 2022-11-30 10252707 2023-11-30 10252707 2022-12-01 2023-11-30 10252707 frs-core:CurrentFinancialInstruments 2023-11-30 10252707 frs-core:Non-currentFinancialInstruments 2023-11-30 10252707 frs-core:FurnitureFittings 2023-11-30 10252707 frs-core:FurnitureFittings 2022-12-01 2023-11-30 10252707 frs-core:FurnitureFittings 2022-11-30 10252707 frs-core:ShareCapital 2023-11-30 10252707 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 10252707 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10252707 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 10252707 frs-bus:SmallEntities 2022-12-01 2023-11-30 10252707 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10252707 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 10252707 frs-bus:Director1 2022-12-01 2023-11-30 10252707 frs-countries:EnglandWales 2022-12-01 2023-11-30 10252707 2021-11-30 10252707 2022-11-30 10252707 2021-12-01 2022-11-30 10252707 frs-core:CurrentFinancialInstruments 2022-11-30 10252707 frs-core:Non-currentFinancialInstruments 2022-11-30 10252707 frs-core:ShareCapital 2022-11-30 10252707 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 10252707
Conquistador Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Mutu Accountancy
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10252707
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 425,000 417,500
425,000 417,500
CURRENT ASSETS
Debtors 6 107,864 48,553
Cash at bank and in hand 2,762 377
110,626 48,930
Creditors: Amounts Falling Due Within One Year 7 (14,834 ) (17,153 )
NET CURRENT ASSETS (LIABILITIES) 95,792 31,777
TOTAL ASSETS LESS CURRENT LIABILITIES 520,792 449,277
Creditors: Amounts Falling Due After More Than One Year 8 (894,408 ) (885,108 )
NET LIABILITIES (373,616 ) (435,831 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (373,716 ) (435,931 )
SHAREHOLDERS' FUNDS (373,616) (435,831)
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For the year ending 30 November 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
L Ellis
Director
15/07/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Conquistador Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10252707 . The registered office is 7 Chelsea Road, Bath, Bath And North East Somerset, BA1 3DU.
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:
Fixtures & Fittings over 5 years
2.4. 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: NIL (2022: NIL)
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 1 December 2022 228
As at 30 November 2023 228
Depreciation
As at 1 December 2022 228
As at 30 November 2023 228
Net Book Value
As at 30 November 2023 -
As at 1 December 2022 -
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5. Investment Property
2023
£
Fair Value
As at 1 December 2022 417,500
Revaluations 7,500
As at 30 November 2023 425,000
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 66,000 -
Prepayments and accrued income (720 ) -
Other debtors 42,584 48,553
107,864 48,553
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income - 719
Director's loan account 14,834 16,434
14,834 17,153
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 288,144 279,225
Other loans 606,264 605,883
894,408 885,108
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
During the year, the company received an interest-free loan from an entity controlled by a related party. The balance at 30th November 2023 was £503,927 (2022: £502,927).
The director L Ellis was owed a balance of £14,834 at 30th November 2023 (2022: £16,434). This is repayable upon demand and therefore not discounted.
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