Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 12440252 Mr Miroslavas Budzinskis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12440252 2023-02-28 12440252 2024-02-29 12440252 2023-03-01 2024-02-29 12440252 frs-core:CurrentFinancialInstruments 2024-02-29 12440252 frs-core:Non-currentFinancialInstruments 2024-02-29 12440252 frs-core:InvestmentPropertyIncludedWithinPPE 2024-02-29 12440252 frs-core:InvestmentPropertyIncludedWithinPPE 2023-02-28 12440252 frs-core:ShareCapital 2024-02-29 12440252 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 12440252 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12440252 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 12440252 frs-bus:SmallEntities 2023-03-01 2024-02-29 12440252 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 12440252 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 12440252 frs-bus:Director1 2023-03-01 2024-02-29 12440252 frs-countries:EnglandWales 2023-03-01 2024-02-29 12440252 2022-02-28 12440252 2023-02-28 12440252 2022-03-01 2023-02-28 12440252 frs-core:CurrentFinancialInstruments 2023-02-28 12440252 frs-core:Non-currentFinancialInstruments 2023-02-28 12440252 frs-core:ShareCapital 2023-02-28 12440252 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 12440252
New Century Property G10x Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12440252
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 425,000 275,000
425,000 275,000
CURRENT ASSETS
Debtors 5 1,764 1,169
Cash at bank and in hand 349 182
2,113 1,351
Creditors: Amounts Falling Due Within One Year 6 (9,121 ) (16,128 )
NET CURRENT ASSETS (LIABILITIES) (7,008 ) (14,777 )
TOTAL ASSETS LESS CURRENT LIABILITIES 417,992 260,223
Creditors: Amounts Falling Due After More Than One Year 7 (295,259 ) (179,327 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (29,566 ) (17,807 )
NET ASSETS 93,167 63,089
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 93,067 62,989
SHAREHOLDERS' FUNDS 93,167 63,089
Page 1
Page 2
For the year ending 29 February 2024 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 Miroslavas Budzinskis
Director
09/10/2024
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
New Century Property G10x Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12440252 . The registered office is 1 Derwent Business Centre, Clarke Street, Derby, DE1 2BU.
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, excluding discounts, rebates, value added tax or other similar sales taxes.
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.
2.4. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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 as follows:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 March 2023 275,000
Additions 92,090
Revaluation 57,910
As at 29 February 2024 425,000
Net Book Value
As at 29 February 2024 425,000
As at 1 March 2023 275,000
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 375 250
Prepayments and accrued income 789 319
Other debtors 600 600
1,764 1,169
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 3,213 651
Director's loan account 5,908 15,477
9,121 16,128
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 211,986 179,327
Other creditors 83,273 -
295,259 179,327
8. Secured Creditors
Of the creditors falling due within and after than one year the following amount is secured by a fixed charge over the investment properties. The loans are interest only with terms of between 2 and 35 years.
2024 2023
£ £
Bank loans and overdrafts 211,986 179,362
Other Creditors 83,273 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4