Acorah Software Products - Accounts Production 16.0.110 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 08797020 Mr Michael Gallagher iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08797020 2023-04-30 08797020 2024-04-30 08797020 2023-05-01 2024-04-30 08797020 frs-core:ComputerEquipment 2023-05-01 2024-04-30 08797020 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08797020 frs-core:MotorVehicles 2023-05-01 2024-04-30 08797020 frs-core:ShareCapital 2024-04-30 08797020 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 08797020 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08797020 frs-bus:AbridgedAccounts 2023-05-01 2024-04-30 08797020 frs-bus:SmallEntities 2023-05-01 2024-04-30 08797020 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08797020 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08797020 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-04-30 08797020 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-04-30 08797020 frs-bus:Director1 2023-05-01 2024-04-30 08797020 frs-countries:EnglandWales 2023-05-01 2024-04-30 08797020 2022-04-30 08797020 2023-04-30 08797020 2022-05-01 2023-04-30 08797020 frs-core:ShareCapital 2023-04-30 08797020 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 08797020 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-04-30
Registered number: 08797020
Gallagher Property Investments Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 April 2024
DEB Chartered Accountants
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 08797020
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 689,166 701,861
689,166 701,861
CURRENT ASSETS
Debtors 13,650 2,176
Cash at bank and in hand 49,070 25,678
62,720 27,854
Creditors: Amounts Falling Due Within One Year (222,184 ) (220,164 )
NET CURRENT ASSETS (LIABILITIES) (159,464 ) (192,310 )
TOTAL ASSETS LESS CURRENT LIABILITIES 529,702 509,551
PROVISIONS FOR LIABILITIES
Deferred Taxation 5 (764 ) (3,601 )
NET ASSETS 528,938 505,950
CAPITAL AND RESERVES
Called up share capital 6 1 1
Fair value reserve 7 388,077 388,077
Profit and Loss Account 140,860 117,872
SHAREHOLDERS' FUNDS 528,938 505,950
Page 1
Page 2
For the year ending 30 April 2024 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 April 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Michael Gallagher
Director
25/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Gallagher Property Investments Limited Registered number 08797020 is a limited by shares company incorporated in England & Wales. The Registered Office is DEB House, 19 Middlewoods Way, Wharncliffe Business Park, Carlton, Barnsley.
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:
Freehold Property 0% on Cost
Motor Vehicles 25% reducing balance
Office Equipment 25% reducing balance
2.4. 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.
2.5. 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:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Total
£
Cost
As at 1 May 2023 727,528
Disposals (30,475 )
As at 30 April 2024 697,053
Depreciation
As at 1 May 2023 25,667
Provided during the period 1,341
Disposals (19,121 )
As at 30 April 2024 7,887
...CONTINUED
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Page 4
Net Book Value
As at 30 April 2024 689,166
As at 1 May 2023 701,861
5. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 764 3,601
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
7. Reserves
Fair Value Reserve
£
As at 1 May 2023 388,077
As at 30 April 2024 388,077
8. Related Party Transactions
The company is controlled by Mr M Gallagher, director and shareholder of the company.
The balance on the director's loan account of Mr M Gallagher at 30th April 2024 was £187,498 (2022 £188,283) due from the company. 
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