Acorah Software Products - Accounts Production 15.0.600 false true true false 8 July 2022 31 July 2023 31 July 2023 14222187 Ms Rozelle Barnard Mr Rayman Ferose iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14222187 2022-07-07 14222187 2023-07-31 14222187 2022-07-08 2023-07-31 14222187 frs-core:CurrentFinancialInstruments 2023-07-31 14222187 frs-core:Non-currentFinancialInstruments 2023-07-31 14222187 frs-core:InvestmentPropertyIncludedWithinPPE 2023-07-31 14222187 frs-core:InvestmentPropertyIncludedWithinPPE 2022-07-07 14222187 frs-core:ShareCapital 2023-07-31 14222187 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 14222187 frs-bus:PrivateLimitedCompanyLtd 2022-07-08 2023-07-31 14222187 frs-bus:FilletedAccounts 2022-07-08 2023-07-31 14222187 frs-bus:SmallEntities 2022-07-08 2023-07-31 14222187 frs-bus:AuditExempt-NoAccountantsReport 2022-07-08 2023-07-31 14222187 frs-bus:SmallCompaniesRegimeForAccounts 2022-07-08 2023-07-31 14222187 frs-bus:Director1 2022-07-08 2023-07-31 14222187 frs-bus:Director2 2022-07-08 2023-07-31 14222187 frs-countries:EnglandWales 2022-07-08 2023-07-31
Registered number: 14222187
Ferose Capital Ltd
Unaudited Financial Statements
For the Period 8 July 2022 to 31 July 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14222187
31 July 2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 1,035,000
1,035,000
CURRENT ASSETS
Debtors 5 1,806
Cash at bank and in hand 2,802
4,608
Creditors: Amounts Falling Due Within One Year 6 (414,491 )
NET CURRENT ASSETS (LIABILITIES) (409,883 )
TOTAL ASSETS LESS CURRENT LIABILITIES 625,117
Creditors: Amounts Falling Due After More Than One Year 7 (709,155 )
NET LIABILITIES (84,038 )
CAPITAL AND RESERVES
Called up share capital 9 100
Profit and Loss Account (84,138 )
SHAREHOLDERS' FUNDS (84,038)
Page 1
Page 2
For the period ending 31 July 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
Ms Rozelle Barnard
Director
25/09/2024
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
Ferose Capital Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14222187 . The registered office is 18 Leyfield, Worcester Park, KT4 7LS.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director's who have undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
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. The fair value of property is based on director's valuations and has not been based on a valuation by an independent valuer with a professional qualification. No depreciation is provided for. 
Changes in fair value are recognised in the profit and loss account.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 8 July 2022 -
Additions 1,089,057
Revaluation (54,057)
As at 31 July 2023 1,035,000
Net Book Value
As at 31 July 2023 1,035,000
As at 8 July 2022 -
Page 3
Page 4
5. Debtors
31 July 2023
£
Due within one year
Trade debtors 206
Prepayments and accrued income 1,500
Other debtors 100
1,806
6. Creditors: Amounts Falling Due Within One Year
31 July 2023
£
Accruals and deferred income 956
Directors' loan accounts 413,535
414,491
7. Creditors: Amounts Falling Due After More Than One Year
31 July 2023
£
Bank loans 709,155
8. Secured Creditors
Of the creditors falling due after more than one year the following amount is secured by a fixed charge over the investment properties. The mortgages are interest only with terms of 25 years.
31 July 2023
£
Bank loans and overdrafts 709,155
9. Share Capital
31 July 2023
£
Allotted, Called up and fully paid 100
Page 4