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 12406755 Mr Vesa Matti Poikonen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12406755 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-12-31 12406755 2022-12-31 12406755 2023-12-31 12406755 2023-01-01 2023-12-31 12406755 frs-core:CurrentFinancialInstruments 2023-12-31 12406755 frs-core:Non-currentFinancialInstruments 2023-12-31 12406755 frs-core:ShareCapital 2023-12-31 12406755 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12406755 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12406755 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 12406755 frs-bus:SmallEntities 2023-01-01 2023-12-31 12406755 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12406755 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12406755 frs-bus:Director1 2023-01-01 2023-12-31 12406755 frs-countries:EnglandWales 2023-01-01 2023-12-31 12406755 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2022-12-31 12406755 2021-12-31 12406755 2022-12-31 12406755 2022-01-01 2022-12-31 12406755 frs-core:CurrentFinancialInstruments 2022-12-31 12406755 frs-core:Non-currentFinancialInstruments 2022-12-31 12406755 frs-core:ShareCapital 2022-12-31 12406755 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 12406755
Sisu Gordon Ltd
Financial Statements
For The Year Ended 31 December 2023
Michael Stuart Associates Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12406755
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,059,838 1,059,838
1,059,838 1,059,838
CURRENT ASSETS
Debtors 5 161,496 50,238
Cash at bank and in hand 10,928 50,720
172,424 100,958
Creditors: Amounts Falling Due Within One Year 6 (196,760 ) (76,529 )
NET CURRENT ASSETS (LIABILITIES) (24,336 ) 24,429
TOTAL ASSETS LESS CURRENT LIABILITIES 1,035,502 1,084,267
Creditors: Amounts Falling Due After More Than One Year 7 (1,012,382 ) (1,082,063 )
NET ASSETS 23,120 2,204
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 22,120 1,204
SHAREHOLDERS' FUNDS 23,120 2,204
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 Vesa Matti Poikonen
Director
02/10/2024
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
Sisu Gordon Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12406755 . The registered office is 27 Old Gloucester Street,, London, WC1N 3AX.
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. 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. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Investment Property
2023
£
Fair Value
As at 1 January 2023 and 31 December 2023 1,059,838
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2023 2022
£ £
Cost 1,059,838 1,059,838
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 46,587 48,163
Other debtors 114,909 2,075
161,496 50,238
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Page 4
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 8,262 1,735
Bank loans and overdrafts 39,355 28,188
Other creditors 149,143 44,035
Taxation and social security - 2,571
196,760 76,529
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 509,382 594,063
Other creditors 503,000 488,000
1,012,382 1,082,063
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2023 2022
£ £
Bank loans 576,129 594,063
Other Creditors 503,000 488,000
8. Secured Creditors
Of the creditors the following amounts are secured.
The bank loan is secured against investment property held at the balance sheet date.
2023 2022
£ £
Bank loans and overdrafts 576,129 594,063
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Related Party Transactions
The company has received loans from shareholders.  The loans are interest free.   At the year end, the balance owing to shareholders in relation to the loans is £503,000.
Page 4