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 09856891 Mrs M Durrani Mrs Maria Durrani true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09856891 2022-11-30 09856891 2023-11-30 09856891 2022-12-01 2023-11-30 09856891 frs-core:CurrentFinancialInstruments 2023-11-30 09856891 frs-core:Non-currentFinancialInstruments 2023-11-30 09856891 frs-core:FurnitureFittings 2023-11-30 09856891 frs-core:FurnitureFittings 2022-12-01 2023-11-30 09856891 frs-core:FurnitureFittings 2022-11-30 09856891 frs-core:ShareCapital 2023-11-30 09856891 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 09856891 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 09856891 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 09856891 frs-bus:SmallEntities 2022-12-01 2023-11-30 09856891 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 09856891 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 09856891 1 2022-12-01 2023-11-30 09856891 frs-bus:Director1 2022-12-01 2023-11-30 09856891 frs-countries:EnglandWales 2022-12-01 2023-11-30 09856891 2021-11-30 09856891 2022-11-30 09856891 2021-12-01 2022-11-30 09856891 frs-core:CurrentFinancialInstruments 2022-11-30 09856891 frs-core:Non-currentFinancialInstruments 2022-11-30 09856891 frs-core:ShareCapital 2022-11-30 09856891 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 09856891
DE ESTATE UK LTD
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 09856891
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,775 1,469
Investment Properties 5 75,704 75,704
77,479 77,173
CURRENT ASSETS
Debtors 6 5,000 4,499
Cash at bank and in hand 52,077 20,220
57,077 24,719
Creditors: Amounts Falling Due Within One Year 7 (35,653 ) (23,226 )
NET CURRENT ASSETS (LIABILITIES) 21,424 1,493
TOTAL ASSETS LESS CURRENT LIABILITIES 98,903 78,666
Creditors: Amounts Falling Due After More Than One Year 8 (62,379 ) (65,879 )
NET ASSETS 36,524 12,787
CAPITAL AND RESERVES
Called up share capital 9 1 1
Income Statement 36,523 12,786
SHAREHOLDERS' FUNDS 36,524 12,787
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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 her 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
Mrs M Durrani
Director
09/09/2024
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
DE ESTATE UK LTD is a private company, limited by shares, incorporated in England & Wales, registered number 09856891 . The registered office is 4 Flandrain Close, Enfield, EN3 6FT.
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 are prepared in sterling , which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.
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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form 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 20% p.a. reducing balance
2.4. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the statement of financial position at their market value.
2.5. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

...CONTINUED
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2.5. Financial Instruments - continued
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 1
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 December 2022 2,400
Additions 750
As at 30 November 2023 3,150
Depreciation
As at 1 December 2022 931
Provided during the period 444
As at 30 November 2023 1,375
Net Book Value
As at 30 November 2023 1,775
As at 1 December 2022 1,469
5. Investment Property
2023
£
Fair Value
As at 1 December 2022 and 30 November 2023 75,704
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 5,000 4,000
Prepayments and accrued income - 499
5,000 4,499
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 21,400 12,050
Bank loans and overdrafts 3,500 3,500
Other creditors 4,318 5,067
Taxation and social security 6,435 2,609
35,653 23,226
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 62,379 65,879
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
10. Related Party Transactions
At balance sheet date, Mrs Maria Durrani, a director of the company, was owed £3,568 (2022 - £4,104) by De Estate UK Ltd.
11. Ultimate Controlling Party
The company's ultimate controlling party is Mrs Maria Durrani by virtue of her ownership of 100% of the issued share capital in the company.
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