Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 2639560 Mr Sunny Abrol Mr Sunil Vasdev iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 2639560 2022-12-31 2639560 2023-12-31 2639560 2023-01-01 2023-12-31 2639560 frs-core:CurrentFinancialInstruments 2023-12-31 2639560 frs-core:Non-currentFinancialInstruments 2023-12-31 2639560 frs-core:FurnitureFittings 2023-12-31 2639560 frs-core:FurnitureFittings 2023-01-01 2023-12-31 2639560 frs-core:FurnitureFittings 2022-12-31 2639560 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 2639560 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 2639560 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 2639560 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 2639560 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 2639560 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 2639560 frs-core:ShareCapital 2023-12-31 2639560 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 2639560 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 2639560 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 2639560 frs-bus:SmallEntities 2023-01-01 2023-12-31 2639560 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 2639560 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 2639560 frs-core:UnlistedNon-exchangeTraded 2023-12-31 2639560 frs-core:UnlistedNon-exchangeTraded 2022-12-31 2639560 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 2639560 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 2639560 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 2639560 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 2639560 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 2639560 frs-bus:Director1 2023-01-01 2023-12-31 2639560 frs-bus:Director1 2022-12-31 2639560 frs-bus:Director1 2023-12-31 2639560 frs-bus:Director2 2023-01-01 2023-12-31 2639560 frs-countries:EnglandWales 2023-01-01 2023-12-31 2639560 2021-12-31 2639560 2022-12-31 2639560 2022-01-01 2022-12-31 2639560 frs-core:CurrentFinancialInstruments 2022-12-31 2639560 frs-core:Non-currentFinancialInstruments 2022-12-31 2639560 frs-core:ShareCapital 2022-12-31 2639560 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 2639560
Jands Property Services Limited
Financial Statements
For The Year Ended 31 December 2023
APR Accountancy Services
Shan House
80-86 North Street
Keighley
West Yorkshire
BD21 3AF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 2639560
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 401,954 401,995
Investments 5 89,250 155,750
491,204 557,745
CURRENT ASSETS
Debtors 6 122,794 4,369
Cash at bank and in hand 124,720 167,402
247,514 171,771
Creditors: Amounts Falling Due Within One Year 7 (6,099 ) (19,061 )
NET CURRENT ASSETS (LIABILITIES) 241,415 152,710
TOTAL ASSETS LESS CURRENT LIABILITIES 732,619 710,455
Creditors: Amounts Falling Due After More Than One Year 8 (218,998 ) (218,040 )
NET ASSETS 513,621 492,415
CAPITAL AND RESERVES
Called up share capital 9 200 200
Profit and Loss Account 513,421 492,215
SHAREHOLDERS' FUNDS 513,621 492,415
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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 Profit and Loss Account.
On behalf of the board
Mr Sunil Vasdev
Director
26/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Jands Property Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 2639560 . The registered office is C/o APR Accountancy Services, Shan House, 80-86 North Street, Keighley, BD21 3AF.
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
The company's turnover is derived from property rental income.
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:
Freehold 0%
Leasehold 0%
Fixtures & Fittings 15% RB
No depreciation is provided on freehold or leasehold property, or the unlisted investments, as the Director deems the residual value will be in excess of the cost.
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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
Page 3
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4. Tangible Assets
Land & Property
Freehold Leasehold Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 35,455 366,311 13,402 415,168
As at 31 December 2023 35,455 366,311 13,402 415,168
Depreciation
As at 1 January 2023 - - 13,173 13,173
Provided during the period - - 41 41
As at 31 December 2023 - - 13,214 13,214
Net Book Value
As at 31 December 2023 35,455 366,311 188 401,954
As at 1 January 2023 35,455 366,311 229 401,995
5. Investments
Unlisted
£
Cost
As at 1 January 2023 155,750
Disposals (66,500 )
As at 31 December 2023 89,250
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 89,250
As at 1 January 2023 155,750
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 4,369 4,369
Directors' loan accounts 40,340 -
44,709 4,369
Due after more than one year
Other debtors 78,085 -
122,794 4,369
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 5,081 3,464
Accruals and deferred income 1,018 967
Directors' loan accounts - 14,630
6,099 19,061
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank and other loans 218,998 218,040
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 200 200
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Sunil Vasdev - 40,340 - - 40,340
The above loan is unsecured, interest free and repayable on demand.
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