Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 8 December 2021 false 1 January 2023 31 December 2023 31 December 2023 13789820 Mohamad Dabboussi Issam Dabboussi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13789820 2022-12-31 13789820 2023-12-31 13789820 2023-01-01 2023-12-31 13789820 frs-core:CurrentFinancialInstruments 2023-12-31 13789820 frs-core:ShareCapital 2023-12-31 13789820 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13789820 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13789820 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13789820 frs-bus:SmallEntities 2023-01-01 2023-12-31 13789820 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13789820 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13789820 frs-bus:Director1 2023-01-01 2023-12-31 13789820 frs-bus:Director2 2023-01-01 2023-12-31 13789820 frs-countries:EnglandWales 2023-01-01 2023-12-31 13789820 2021-12-07 13789820 2022-12-31 13789820 2021-12-08 2022-12-31 13789820 frs-core:CurrentFinancialInstruments 2022-12-31 13789820 frs-core:ShareCapital 2022-12-31 13789820 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 13789820
Real Property Holdings SPV2 Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13789820
31 December 2023 31 December 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 5,339,684 2,575,550
Debtors 5 2,551 677,329
Cash at bank and in hand 3,555 175
5,345,790 3,253,054
Creditors: Amounts Falling Due Within One Year 6 (5,360,799 ) (3,267,928 )
NET CURRENT ASSETS (LIABILITIES) (15,009 ) (14,874 )
TOTAL ASSETS LESS CURRENT LIABILITIES (15,009 ) (14,874 )
NET LIABILITIES (15,009 ) (14,874 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (15,109 ) (14,974 )
SHAREHOLDERS' FUNDS (15,009) (14,874)
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 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
Issam Dabboussi
Director
4 September 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Real Property Holdings SPV2 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13789820 . The registered office is 809 Salisbury House, 29 Finsbury Circus, London, England, EC2M 7AQ.
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 directors believe that the company would have sufficient resources to continue to trade for foreseeable future.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Stocks
31 December 2023 31 December 2022
£ £
Stock - Properties under development 5,339,684 2,575,550
5. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
VAT 2,551 6,409
Amounts owed by other related parties - 670,920
2,551 677,329
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Other creditors 30,000 72
Accruals and deferred income 150 -
Directors' loan accounts 165,197 151,873
Amounts owed to related parties 5,165,452 3,115,983
5,360,799 3,267,928
7. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 100 100
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Page 3
8. Related Party Transactions
Included in creditors due within one year is an amount of £165,197 (2022: £151,873 ) owed to its directors. The amount is interest free and repayable on demand.
Included in creditors due within one year is an amount of £5,165,452 (2022: £3,115,983) owed by the companies in which the director has beneficial interest.  The amount is interest free and receivable on demand.
Included in debtors due within one year is an amount of £0 (2022: £670,920) owed by the companies in which the director has beneficial interest.  The amount is interest free and receivable on demand.
Page 3