Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08954006 Mr Georgios Loizou Mr Loizos Loizou iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08954006 2023-03-31 08954006 2024-03-31 08954006 2023-04-01 2024-03-31 08954006 frs-core:CurrentFinancialInstruments 2024-03-31 08954006 frs-core:Non-currentFinancialInstruments 2024-03-31 08954006 frs-core:MotorVehicles 2023-04-01 2024-03-31 08954006 frs-core:PlantMachinery 2023-04-01 2024-03-31 08954006 frs-core:ShareCapital 2024-03-31 08954006 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08954006 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08954006 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08954006 frs-bus:SmallEntities 2023-04-01 2024-03-31 08954006 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08954006 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08954006 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 08954006 frs-bus:OrdinaryShareClass1 2024-03-31 08954006 frs-bus:Director1 2023-04-01 2024-03-31 08954006 frs-bus:Director2 2023-04-01 2024-03-31 08954006 frs-countries:EnglandWales 2023-04-01 2024-03-31 08954006 2022-03-31 08954006 2023-03-31 08954006 2022-04-01 2023-03-31 08954006 frs-core:CurrentFinancialInstruments 2023-03-31 08954006 frs-core:Non-currentFinancialInstruments 2023-03-31 08954006 frs-core:ShareCapital 2023-03-31 08954006 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 08954006 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31
Registered number: 08954006
Loi & Geo Properties Limited
Financial Statements
For The Year Ended 31 March 2024
C.T. Accountants
63b Brighton Road
South Croydon
Surrey
CR2 6EE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08954006
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 917,000 917,000
917,000 917,000
CURRENT ASSETS
Debtors 5 1,198 1,405
Cash at bank and in hand 200,868 213,019
202,066 214,424
Creditors: Amounts Falling Due Within One Year 6 (13,783 ) (10,875 )
NET CURRENT ASSETS (LIABILITIES) 188,283 203,549
TOTAL ASSETS LESS CURRENT LIABILITIES 1,105,283 1,120,549
Creditors: Amounts Falling Due After More Than One Year 7 (585,642 ) (651,697 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (24,021 ) (24,021 )
NET ASSETS 495,620 444,831
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 494,620 443,831
SHAREHOLDERS' FUNDS 495,620 444,831
Page 1
Page 2
For the year ending 31 March 2024 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 Georgios Loizou
Director
16th October 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
Loi & Geo Properties Limited Registered number 08954006 is a limited by shares company incorporated in England & Wales. The Registered Office is 63B Brighton Road, South Croydon, Surrey, CR2 6EE.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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:
Plant & Machinery 15% reducing balance
Motor Vehicles 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. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. 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 year was: NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 917,000
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,198 1,405
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 13,159 10,335
Other creditors 624 540
13,783 10,875
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors - Tenants deposits 24,523 24,523
Directors loan account 561,119 627,174
585,642 651,697
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
2024 2023
Allotted, called up and fully paid £ £
1,000 Ordinary Shares of £ 1.000 each 1,000 1,000
Page 4