Acorah Software Products - Accounts Production 14.5.601 false true 31 October 2022 27 May 2021 false 1 November 2022 31 October 2023 31 October 2023 13424994 Mr Stephen Clarke Mrs Joan Tolentino Mr S Clarke and Mrs J M Tolentino true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13424994 2022-10-31 13424994 2023-10-31 13424994 2022-11-01 2023-10-31 13424994 frs-core:CurrentFinancialInstruments 2023-10-31 13424994 frs-core:Non-currentFinancialInstruments 2023-10-31 13424994 frs-core:BetweenOneFiveYears 2023-10-31 13424994 frs-core:LandBuildings 2023-10-31 13424994 frs-core:LandBuildings 2022-11-01 2023-10-31 13424994 frs-core:LandBuildings 2022-10-31 13424994 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 13424994 frs-core:PlantMachinery 2023-10-31 13424994 frs-core:PlantMachinery 2022-11-01 2023-10-31 13424994 frs-core:PlantMachinery 2022-10-31 13424994 frs-core:WithinOneYear 2023-10-31 13424994 frs-core:ShareCapital 2023-10-31 13424994 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 13424994 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 13424994 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 13424994 frs-bus:SmallEntities 2022-11-01 2023-10-31 13424994 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 13424994 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 13424994 1 2022-11-01 2023-10-31 13424994 frs-bus:Director1 2022-11-01 2023-10-31 13424994 frs-bus:Director2 2022-11-01 2023-10-31 13424994 frs-countries:EnglandWales 2022-11-01 2023-10-31 13424994 2021-05-26 13424994 2022-10-31 13424994 2021-05-27 2022-10-31 13424994 frs-core:CurrentFinancialInstruments 2022-10-31 13424994 frs-core:Non-currentFinancialInstruments 2022-10-31 13424994 frs-core:BetweenOneFiveYears 2022-10-31 13424994 frs-core:WithinOneYear 2022-10-31 13424994 frs-core:ShareCapital 2022-10-31 13424994 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 13424994
J&S Property Bridgend Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Xeinadin South Wales & West Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13424994
31 October 2023 31 October 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,049 (676 )
Investment Properties 5 135,200 135,200
159,249 134,524
CURRENT ASSETS
Debtors 6 81,881 100
Cash at bank and in hand 17,445 23,620
99,326 23,720
Creditors: Amounts Falling Due Within One Year 7 (43,796 ) (29,800 )
NET CURRENT ASSETS (LIABILITIES) 55,530 (6,080 )
TOTAL ASSETS LESS CURRENT LIABILITIES 214,779 128,444
Creditors: Amounts Falling Due After More Than One Year 8 (245,012 ) (141,000 )
NET LIABILITIES (30,233 ) (12,556 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (30,333 ) (12,656 )
SHAREHOLDERS' FUNDS (30,233) (12,556)
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For the year ending 31 October 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 Stephen Clarke
Director
Mrs Joan Tolentino
Director
23/04/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
J&S Property Bridgend Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13424994 . The registered office is Celtic House Caxton Place, Pentwyn, Cardiff, CF23 8HA.
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 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 No depreciation
Plant & Machinery 25% Reducing Balance
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. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 November 2022 - - -
Additions - 25,652 25,652
As at 31 October 2023 - 25,652 25,652
Depreciation
As at 1 November 2022 676 - 676
Provided during the period (676 ) 1,603 927
As at 31 October 2023 - 1,603 1,603
Net Book Value
As at 31 October 2023 - 24,049 24,049
As at 1 November 2022 (676 ) - (676 )
5. Investment Property
31 October 2023
£
Fair Value
As at 1 November 2022 and 31 October 2023 135,200
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
31 October 2023 31 October 2022
£ £
Cost 135,200 135,200
6. Debtors
31 October 2023 31 October 2022
£ £
Due within one year
Other debtors 81,781 -
Directors' loan accounts 100 100
81,881 100
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7. Creditors: Amounts Falling Due Within One Year
31 October 2023 31 October 2022
£ £
Net obligations under finance lease and hire purchase contracts 7,126 -
Bank loans and overdrafts 6,220 -
Other loans 29,500 29,500
Accrued expenses 950 300
43,796 29,800
8. Creditors: Amounts Falling Due After More Than One Year
31 October 2023 31 October 2022
£ £
Net obligations under finance lease and hire purchase contracts 12,470 -
Bank loans 86,042 -
Other loans 11,500 41,000
Other creditors 135,000 100,000
245,012 141,000
9. Obligations Under Finance Leases and Hire Purchase
31 October 2023 31 October 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,126 -
Later than one year and not later than five years 12,470 -
19,596 -
19,596 -
10. Share Capital
31 October 2023 31 October 2022
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
Gin & Sake LtdCompany under common control.As at the year end date, there was an amount owing from Gin & Sake Ltd of £81,779.

Gin & Sake Ltd

Company under common control.

As at the year end date, there was an amount owing from Gin & Sake Ltd of £81,779.

SDM Glass LtdMr S Clarke is also the director of SDM Glass Ltd. As at the year end there was an amount owing to SDM Glass Ltd of £75,000 (2022 £50,000).

SDM Glass Ltd

Mr S Clarke is also the director of SDM Glass Ltd. As at the year end there was an amount owing to SDM Glass Ltd of £75,000 (2022 £50,000).

Infoteam International LtdMrs J M Tolentino is also a director of Infoteam International Ltd. As at the year end date, there was an amount owing to Infoteam International Ltd of £60,000 (2022 £50,000).

Infoteam International Ltd

Mrs J M Tolentino is also a director of Infoteam International Ltd. As at the year end date, there was an amount owing to Infoteam International Ltd of £60,000 (2022 £50,000).

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12. Ultimate Controlling Party
The company's ultimate controlling party is Mr S Clarke and Mrs J M Tolentino by virtue of his ownership of 100% of the issued share capital in the company.
13. Restated Balances
Some of the prior period balances have been restated.
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