Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 09847081 A V Garcea G Garcea iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09847081 2023-01-31 09847081 2024-01-31 09847081 2023-02-01 2024-01-31 09847081 frs-core:CurrentFinancialInstruments 2024-01-31 09847081 frs-core:Non-currentFinancialInstruments 2024-01-31 09847081 frs-core:ShareCapital 2024-01-31 09847081 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09847081 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09847081 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 09847081 frs-bus:SmallEntities 2023-02-01 2024-01-31 09847081 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09847081 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09847081 frs-bus:Director1 2023-02-01 2024-01-31 09847081 frs-bus:Director1 2023-01-31 09847081 frs-bus:Director1 2024-01-31 09847081 frs-bus:Director2 2023-02-01 2024-01-31 09847081 frs-bus:Director2 2023-01-31 09847081 frs-bus:Director2 2024-01-31 09847081 frs-core:Non-currentFinancialInstruments 1 2024-01-31 09847081 frs-countries:EnglandWales 2023-02-01 2024-01-31 09847081 2022-01-31 09847081 2023-01-31 09847081 2022-02-01 2023-01-31 09847081 frs-core:CurrentFinancialInstruments 2023-01-31 09847081 frs-core:Non-currentFinancialInstruments 2023-01-31 09847081 frs-core:ShareCapital 2023-01-31 09847081 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 09847081 frs-core:Non-currentFinancialInstruments 1 2023-01-31
Registered number: 09847081
Garcea Holding Limited
Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09847081
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 337,253 337,253
337,253 337,253
CURRENT ASSETS
Debtors 5 - 823
Cash at bank and in hand 8,231 4,673
8,231 5,496
Creditors: Amounts Falling Due Within One Year 6 (145,027 ) (133,897 )
NET CURRENT ASSETS (LIABILITIES) (136,796 ) (128,401 )
TOTAL ASSETS LESS CURRENT LIABILITIES 200,457 208,852
Creditors: Amounts Falling Due After More Than One Year 7 (183,764 ) (183,756 )
NET ASSETS 16,693 25,096
CAPITAL AND RESERVES
Called up share capital 8 4 4
Profit and Loss Account 16,689 25,092
SHAREHOLDERS' FUNDS 16,693 25,096
Page 1
Page 2
For the year ending 31 January 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
A V Garcea
Director
29th 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
Garcea Holding Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09847081 . The registered office is 109 Coleman Road, Leicester, LE5 4LE.
The presentation currency of the financial statements is the Pound Sterling (£).
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 of rental income from tenants of the company's investment properties. Rental income is recognised on an accruals basis in the period in which it is earned, in accordance with the terms of the lease.
2.3. Investment Properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.Subsequently it is measured at fair value at the reporting end date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Deferred taxation is provided on surplus at the rate expected to apply when the property is sold.
2.4. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
2.5. Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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 February 2023 and 31 January 2024 337,253
Investment property comprises freehold land and buildings. No depreciation is provided in respect of this property.
The directors have confirmed the property is reflected at fair value based on market evidence of transaction prices to similar properties and their rental yields.
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 823
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,800 900
Other creditors 143,227 132,997
145,027 133,897
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Mortgage on 13 Kinchley Close, LE3 9SE 183,764 183,756
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
9. Directors Advances, Credits and Guarantees
The following advances and credits to directors subsisted during the current and prior periods:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Dr Aruna Rao Garcea (65,982 ) 2,815 (7,925 ) - (71,092 )
Mr Giuseppe Garcea (65,982 ) 2,816 (7,925 ) - (71,091 )
The above loan is unsecured, interest free and repayable on demand.
Page 4