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 3394381 Mr David Schreiber Mr. David Schreiber true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 3394381 2022-12-31 3394381 2023-12-31 3394381 2023-01-01 2023-12-31 3394381 frs-core:CurrentFinancialInstruments 2023-12-31 3394381 frs-core:Non-currentFinancialInstruments 2023-12-31 3394381 frs-core:FurnitureFittings 2023-12-31 3394381 frs-core:FurnitureFittings 2023-01-01 2023-12-31 3394381 frs-core:FurnitureFittings 2022-12-31 3394381 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 3394381 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 3394381 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 3394381 frs-core:ShareCapital 2023-12-31 3394381 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 3394381 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 3394381 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 3394381 frs-bus:SmallEntities 2023-01-01 2023-12-31 3394381 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 3394381 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 3394381 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 3394381 frs-bus:OrdinaryShareClass1 2023-12-31 3394381 1 2023-01-01 2023-12-31 3394381 frs-bus:Director1 2023-01-01 2023-12-31 3394381 frs-countries:EnglandWales 2023-01-01 2023-12-31 3394381 2021-12-31 3394381 2022-12-31 3394381 2022-01-01 2022-12-31 3394381 frs-core:CurrentFinancialInstruments 2022-12-31 3394381 frs-core:Non-currentFinancialInstruments 2022-12-31 3394381 frs-core:ShareCapital 2022-12-31 3394381 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 3394381 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31
Registered number: 3394381
SPARKSTONE PROPERTIES LTD
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 3394381
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 694,663 685,187
694,663 685,187
CURRENT ASSETS
Debtors 5 121,038 134,206
Cash at bank and in hand 6,757 6,792
127,795 140,998
Creditors: Amounts Falling Due Within One Year 6 (313 ) (2,445 )
NET CURRENT ASSETS (LIABILITIES) 127,482 138,553
TOTAL ASSETS LESS CURRENT LIABILITIES 822,145 823,740
Creditors: Amounts Falling Due After More Than One Year 7 (386,870 ) (386,870 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (69,372 ) (69,372 )
NET ASSETS 365,903 367,498
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 365,902 367,497
SHAREHOLDERS' FUNDS 365,903 367,498
Page 1
Page 2
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 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 David Schreiber
Director
20th September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SPARKSTONE PROPERTIES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 3394381 . The registered office is 147 Stamford Hill, London, N16 5LG.
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 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 NIL
Fixtures & Fittings 15% of Net Book Value
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2023 685,000 4,962 689,962
Additions 9,504 - 9,504
As at 31 December 2023 694,504 4,962 699,466
Depreciation
As at 1 January 2023 - 4,775 4,775
Provided during the period - 28 28
As at 31 December 2023 - 4,803 4,803
Net Book Value
As at 31 December 2023 694,504 159 694,663
As at 1 January 2023 685,000 187 685,187
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5. Debtors
2023 2022
£ £
Due within one year
Other debtors 121,038 134,206
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax - 2,145
Other creditors 13 -
Accruals and deferred income 300 300
313 2,445
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 386,870 386,870
8. Share Capital
2023 2022
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.000 each 1 1
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr. David Schreiber by virtue of his ownership of 100% of the issued share capital in the company.
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