Acorah Software Products - Accounts Production 15.0.600 false true 30 October 2022 31 October 2021 false 31 October 2022 30 October 2023 30 October 2023 07408540 Mr Atif Malik iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07408540 2022-10-30 07408540 2023-10-30 07408540 2022-10-31 2023-10-30 07408540 frs-core:CurrentFinancialInstruments 2023-10-30 07408540 frs-core:Non-currentFinancialInstruments 2023-10-30 07408540 frs-core:FurnitureFittings 2023-10-30 07408540 frs-core:FurnitureFittings 2022-10-31 2023-10-30 07408540 frs-core:FurnitureFittings 2022-10-30 07408540 frs-core:MotorVehicles 2023-10-30 07408540 frs-core:MotorVehicles 2022-10-31 2023-10-30 07408540 frs-core:MotorVehicles 2022-10-30 07408540 frs-core:ShareCapital 2023-10-30 07408540 frs-core:RetainedEarningsAccumulatedLosses 2023-10-30 07408540 frs-bus:PrivateLimitedCompanyLtd 2022-10-31 2023-10-30 07408540 frs-bus:FilletedAccounts 2022-10-31 2023-10-30 07408540 frs-bus:SmallEntities 2022-10-31 2023-10-30 07408540 frs-bus:AuditExempt-NoAccountantsReport 2022-10-31 2023-10-30 07408540 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-31 2023-10-30 07408540 frs-bus:Director1 2022-10-31 2023-10-30 07408540 frs-countries:EnglandWales 2022-10-31 2023-10-30 07408540 2021-10-30 07408540 2022-10-30 07408540 2021-10-31 2022-10-30 07408540 frs-core:CurrentFinancialInstruments 2022-10-30 07408540 frs-core:Non-currentFinancialInstruments 2022-10-30 07408540 frs-core:ShareCapital 2022-10-30 07408540 frs-core:RetainedEarningsAccumulatedLosses 2022-10-30
Registered number: 07408540
Northwest Property Manchester Ltd
Unaudited Financial Statements
For The Year Ended 30 October 2023
Bennett Verby Limited
7 St Petersgate
Stockport
Cheshire
SK1 1EB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07408540
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,045 18,591
15,045 18,591
CURRENT ASSETS
Stocks 5 60,000 216,786
Debtors 6 1,005,589 937,349
Cash at bank and in hand 51,385 1,770
1,116,974 1,155,905
Creditors: Amounts Falling Due Within One Year 7 (945,884 ) (793,679 )
NET CURRENT ASSETS (LIABILITIES) 171,090 362,226
TOTAL ASSETS LESS CURRENT LIABILITIES 186,135 380,817
Creditors: Amounts Falling Due After More Than One Year 8 (317,468 ) (316,103 )
NET (LIABILITIES)/ASSETS (131,333 ) 64,714
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (131,433 ) 64,614
SHAREHOLDERS' FUNDS (131,333) 64,714
Page 1
Page 2
For the year ending 30 October 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 Atif Malik
Director
24 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Northwest Property Manchester Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07408540 . The registered office is Prospect House, Featherstall Road South, Oldham, OL9 6HL.
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:
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
2.4. 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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 31 October 2022 11,000 14,200 25,200
As at 30 October 2023 11,000 14,200 25,200
Depreciation
As at 31 October 2022 3,423 3,186 6,609
Provided during the period 1,894 1,652 3,546
As at 30 October 2023 5,317 4,838 10,155
Net Book Value
As at 30 October 2023 5,683 9,362 15,045
As at 31 October 2022 7,577 11,014 18,591
5. Stocks
2023 2022
£ £
Stock 60,000 216,786
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 706 706
Amounts owed by group undertakings 902,617 929,393
Other debtors 102,266 7,250
1,005,589 937,349
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 21,041
Bank loans and overdrafts 6,766 6,766
Amounts owed to group undertakings 841,444 659,976
Other creditors 16,140 57,789
Taxation and social security 81,534 48,107
945,884 793,679
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 317,468 316,103
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9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
The following companies are deemed to be related parties by way of being either Partially or wholly owned by Mr Atif R Malik the sole shareholder and Director of Northwest Property Manchester Limited. 
Other Debtors 
• Portfolio Lets owed: £7,393 (2022: £9,013)
• Portfolio Lets UK owed: £16,580 (2022 : £27,915)
• Habitat Living Preston Limited - £1,460 (2022: Nil)
• MA Estates Oldham Limited - £763 (2022:Nil)
• Property Group Mcr Limited - £745 (2022: Nil)
• Last Seconds Manchester owed: £289,642 (2022: £281,322)
• Alex Hunt Estate Sales owed: £39,043 (2022: 45,073)
• Venture Alliance Consultancy owed: £7,510 (2022: £13,290)
• Stoke Green estates owed: £19,136 (2022: £9,255)
• Legal Construction owed: £4,951 (2022: £4,951)
• Habitat Living Wrexham owed: £5,893 (2022: £5,893)
• AMS Trade GB owed: £34,432 (2022: £12,994)
• International House owed: £2,200 (2022: £2,200)
• A & S Manchester owed: £50,548(2022: ££66,833)
• School Lane Development Wrexham owed: £40,000 (2022: £40,000)
• Matex International owed: £57,700 (2022: £57,700)
• Part Exchange Properties owed: £300 (2022: £300)
• AJ Estate Ribchester owed: £10,903 (2021: £7,574)
• MSL 52 owed: £1,103 (2022: £1,103)
• Properties Northwest owed: £31,053 (2022: £31,053)
• AI MCR owed: £12,987 (2022: £12,987)
• TM Property NW owed: £122,108 (2022: £122,108)
• UK Investment PVT owed: £165 (2022: £5,630)
• Manchester Portfolio owed: £50,000 (2022: £50,000)
• Napier Court Investment owed: £14,600 (2022: £6,000)
• Value Developments owed: £42,905 (2022: £38,0000)
• The Wybourn Public House owed: £2,000 (2022: £2,000)
• Richmond Lake owed: £4,700 (2022: £4,700)
• Station Yard PVT owed: £66,000 (2022: £66,000)
• Longley & Sharston owed: £4,000 (2022: £4,000)
Other Creditors 
• Puri Properties was owed: £16,937 (2022: £16,937)
• Retailer UK was owed: £32,956 (2022: £26,496)
• Nosheen Sadaf was owed: £20,256 (2022: 20,256)
• Grecian Mill was owed: £32,323 (2022: £32,323)
• Northwest securities was owed: £77,318 (2022: 73,970)
• My UK Management was owed: £109,185 (2022: £43,520)
• Last seconds UK was owed: £235,263 (2022: 307,563)
• Emile Heskey Promotions was owed: £131,400 (2022: £131,400)
• Unicorn Securities Dubai £58,900 (2022: Nil)
• Wasim Akram and Emile Heskey Sports owed: £7,340 (2022: (£1,500)
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