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 11067766 Mr Michael Ingall Mr Frederick Graham-Watson Mr Suresh Gorasia Mr Jonathan Raine Capital Properties UK (Two) Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11067766 2022-12-31 11067766 2023-12-31 11067766 2023-01-01 2023-12-31 11067766 frs-core:CurrentFinancialInstruments 2023-12-31 11067766 frs-core:ComputerEquipment 2023-12-31 11067766 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11067766 frs-core:ComputerEquipment 2022-12-31 11067766 frs-core:FurnitureFittings 2023-12-31 11067766 frs-core:FurnitureFittings 2023-01-01 2023-12-31 11067766 frs-core:FurnitureFittings 2022-12-31 11067766 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 11067766 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 11067766 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 11067766 frs-core:MotorVehicles 2023-12-31 11067766 frs-core:MotorVehicles 2023-01-01 2023-12-31 11067766 frs-core:MotorVehicles 2022-12-31 11067766 frs-core:ShareCapital 2023-12-31 11067766 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11067766 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11067766 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11067766 frs-bus:SmallEntities 2023-01-01 2023-12-31 11067766 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11067766 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11067766 1 2023-01-01 2023-12-31 11067766 frs-core:UnlistedNon-exchangeTraded 2023-12-31 11067766 frs-core:UnlistedNon-exchangeTraded 2022-12-31 11067766 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 11067766 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 11067766 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 11067766 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 11067766 frs-bus:Director1 2023-01-01 2023-12-31 11067766 frs-bus:Director2 2023-01-01 2023-12-31 11067766 frs-bus:Director3 2023-01-01 2023-12-31 11067766 frs-bus:Director4 2023-01-01 2023-12-31 11067766 frs-countries:EnglandWales 2023-01-01 2023-12-31 11067766 2021-12-31 11067766 2022-12-31 11067766 2022-01-01 2022-12-31 11067766 frs-core:CurrentFinancialInstruments 2022-12-31 11067766 frs-core:ShareCapital 2022-12-31 11067766 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11067766
Allied London Development Management Three Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 11067766
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 68,995
Investments 5 100 100
100 69,095
CURRENT ASSETS
Debtors 6 921,777 2,241,746
Cash at bank and in hand 341,544 62,512
1,263,321 2,304,258
Creditors: Amounts Falling Due Within One Year 7 (1,241,121 ) (2,097,341 )
NET CURRENT ASSETS (LIABILITIES) 22,200 206,917
TOTAL ASSETS LESS CURRENT LIABILITIES 22,300 276,012
NET ASSETS 22,300 276,012
CAPITAL AND RESERVES
Called up share capital 8 124 124
Income Statement 22,176 275,888
SHAREHOLDERS' FUNDS 22,300 276,012
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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 Suresh Gorasia
Director
20 September 2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Allied London Development Management Three Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11067766 . The registered office is C/O Allied London, Suite 1, Bonded Warehouse, 18 Lower Byrom Street, Manchester, Greater Manchester, M3 4AP.
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 the provisions of Financial Reporting Standard 102 section 1A small entities, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound. 
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies (see note 2.3).
2.2. Going Concern Disclosure
The directors have assessed the financial performance and note that as at 31 December 2023 the company had net assets of £22,300 (2022: £276,012) and made a loss after taxation for the financial year of £253,712 (2022: profit £7,759). 
Management has undertaken a thorough going concern review which has included forecasts from 12 months from signing date of the financial statements to ensure the company will continue to be able to meet its liabilities for the next year from the signing date of the accounts. The forecasts included some sensitivity on the income obtained, with expenditure being managed accordingly to maintain sufficient reserves. Furthermore, the company had a cash balance of £341,544 as at 31 December 2023. 
Therefore, the board considers that the company will be able to continue to trade as a going concern and meet its liabilities as they fall due.
2.3. Significant judgements and estimations
In preparing these financial statements, the directors consider that there are no significant judgements in applying the accounting policies. Nor are there any key sources of uncertainty.
2.4. Turnover
Turnover comprises the invoiced value of goods and services, being development management fees and cost recharges, net of Value Added Tax and trade discounts.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Leasehold 33% Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 33% Straight Line
Computer Equipment 33% Straight Line
2.6. Financial Instruments
Financial assets 
Financial assets, other than investments and derivatives, are initially measured at transaction price (including transaction costs) and subsequently held at cost, less any impairment. 
Financial liabilities and equity 
Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form. Financial liabilities, excluding convertible debt and derivatives, are initially measured at transaction price (including transaction costs) and subsequently held at amortised cost.
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2.7. 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.
Deferred balances are recognised in respect of all timing differences that have originated but not reversed by the statement of financial position date, except:
• The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; 
• Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and 
• Where timing differences relate to interests in subsidiaries, associates, branches and joint ventures and the group can control their reversal and such reversal is not considered probable in the foreseeable future.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax.
Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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.
2.9. Dividends
Equity dividends are recognised when they become legally payable. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 30)
4 30
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 216,091 12,333 15,935 126,974 371,333
As at 31 December 2023 216,091 12,333 15,935 126,974 371,333
Depreciation
As at 1 January 2023 161,175 8,050 15,935 117,178 302,338
Provided during the period 54,916 4,283 - 9,796 68,995
As at 31 December 2023 216,091 12,333 15,935 126,974 371,333
...CONTINUED
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Net Book Value
As at 31 December 2023 - - - - -
As at 1 January 2023 54,916 4,283 - 9,796 68,995
5. Investments
Unlisted
£
Cost
As at 1 January 2023 100
As at 31 December 2023 100
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 100
As at 1 January 2023 100
The company owns the entire issued share capital of Studio HART Limited, a company registered in England & Wales with its Registered Office being C/O Allied London, Suite 1, Bonded Warehouse, 18 Lower Byrom Street, Manchester, Greater Manchester, M3 4AP.
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 156,602 1,083,276
Prepayments and accrued income - 396,480
Other debtors 212,949 249,941
Amounts owed by group undertakings - 24
Amounts owed by related parties 552,226 512,025
921,777 2,241,746
The amounts due from group undertakings and related parties are repayable on demand and not interest bearing.
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 415,161
Corporation tax - 3,968
Other creditors - 184,385
Accruals and deferred income 68,146 436,563
Amounts owed to group undertakings 100 100
Amounts owed to related parties 1,172,875 1,057,164
1,241,121 2,097,341
The amounts due to related parties are repayable on demand and not interest bearing.
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 124 124
9. Financial Instruments
The Company considers that the fair value of cash and cash equivalents, loans, trade and other receivables, and trade and other payables are not materially different to their carrying value. There are no financial instruments held at fair value through profit and loss.
10. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid - 500,000
During the year, the company did not pay a dividend (2022: £500,000).
11. Related Party Transactions
The company has taken advantage of the exemption allowed by Financial Reporting Standard 102, “Related party disclosures” section 33.1A not to disclose details of related party transactions with entities that are 100% owned members of the same group.
Allied London Development Management Limited
The directors of Allied London Development Management Limited are also directors of Allied London Development Management Three Limited. The company owes £201,659 (2022: £86,630) to Allied London Development Management Limited.
Allied London Holdco Limited
The directors of Allied London Holdco Limited are also directors of Allied London Development Management Three Limited. The company is owed £nil (2022: £279,006) from Allied London Holdco Limited.
Allied London Properties Limited
The directors of Allied London Properties Limited are also directors of Allied London Development Management Three Limited. The company owes £513,390 (2022: £234,385) to Allied London Properties Limited.
Capital Holdco Limited
Capital Holdco Limited and Allied London Development Management Three Limited share common directors. The company owes £683 (2022: £nil) to Capital Holdco Limited.
Capital Properties UK (Two) Limited
The directors of Capital Properties UK (Two) Limited are also directors of Allied London Development Management Three Limited. The company owes £425,408 (2022: £425,408) to Capital Properties UK (Two) Limited.
Alphabet Management Group Limited
The directors of Alphabet Management Group Limited are also directors of Allied London Development Management Three Limited. The company is owed £550,000 (2022: £500,000) by Alphabet Management Group Limited.
Allied London Development Management Four Limited
The directors of Allied London Development Management Four Limited are also directors of Allied London Development Management Three Limited. The company is owed £2,177 (2022: £12,000) by Allied London Development Management Four Limited.
Allied London Development Management Holdco Limited
The directors of Allied London Development Management Holdco Limited are also directors of Allied London Development Management Three Limited. The company is owed £24 (2022: £nil) by Allied London Development Management Holdco Limited.
JAGS Development Management Limited
JAGS Development Management Limited and Allied London Development Management Three Limited share common directors. The company is owed £25 (2022: £25) from JAGS Development Management Limited.
Versa Holdco (Investment) Limited
Versa Holdco (Investment) Limited and Allied London Development Management Three Limited share common directors. The company owes £31,735 (2022: £31,735) to Versa Holdco (Investment) Limited.
12. Ultimate Controlling Party
Capital Properties UK (Two) Limited a company registered in England & Wales, is the immediate parent company. The directors consider the ultimate parent company to be Capital Holdco Limited, a holding company registered in the British Virgin Islands.
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