Acorah Software Products - Accounts Production 16.0.110 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 12849721 Dr Thomas Lever iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12849721 2023-09-30 12849721 2024-09-30 12849721 2023-10-01 2024-09-30 12849721 frs-core:CurrentFinancialInstruments 2024-09-30 12849721 frs-core:Non-currentFinancialInstruments 2024-09-30 12849721 frs-core:ComputerEquipment 2024-09-30 12849721 frs-core:ComputerEquipment 2023-10-01 2024-09-30 12849721 frs-core:ComputerEquipment 2023-09-30 12849721 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-30 12849721 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-01 2024-09-30 12849721 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-30 12849721 frs-core:FurnitureFittings 2024-09-30 12849721 frs-core:FurnitureFittings 2023-10-01 2024-09-30 12849721 frs-core:FurnitureFittings 2023-09-30 12849721 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-30 12849721 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 12849721 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 12849721 frs-core:MotorVehicles 2024-09-30 12849721 frs-core:MotorVehicles 2023-10-01 2024-09-30 12849721 frs-core:MotorVehicles 2023-09-30 12849721 frs-core:OtherResidualIntangibleAssets 2024-09-30 12849721 frs-core:OtherResidualIntangibleAssets 2023-10-01 2024-09-30 12849721 frs-core:OtherResidualIntangibleAssets 2023-09-30 12849721 frs-core:ShareCapital 2024-09-30 12849721 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 12849721 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12849721 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 12849721 frs-bus:SmallEntities 2023-10-01 2024-09-30 12849721 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12849721 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12849721 frs-bus:Director1 2023-10-01 2024-09-30 12849721 frs-core:CurrentFinancialInstruments 1 2024-09-30 12849721 frs-core:Non-currentFinancialInstruments 1 2024-09-30 12849721 frs-core:CurrentFinancialInstruments 2 2024-09-30 12849721 frs-core:Non-currentFinancialInstruments 2 2024-09-30 12849721 frs-core:CurrentFinancialInstruments 3 2024-09-30 12849721 frs-core:Non-currentFinancialInstruments 3 2024-09-30 12849721 frs-core:Non-currentFinancialInstruments 4 2024-09-30 12849721 frs-countries:EnglandWales 2023-10-01 2024-09-30 12849721 2022-09-30 12849721 2023-09-30 12849721 2022-10-01 2023-09-30 12849721 frs-core:CurrentFinancialInstruments 2023-09-30 12849721 frs-core:Non-currentFinancialInstruments 2023-09-30 12849721 frs-core:ShareCapital 2023-09-30 12849721 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 12849721 frs-core:CurrentFinancialInstruments 1 2023-09-30 12849721 frs-core:Non-currentFinancialInstruments 1 2023-09-30 12849721 frs-core:CurrentFinancialInstruments 2 2023-09-30 12849721 frs-core:Non-currentFinancialInstruments 2 2023-09-30 12849721 frs-core:CurrentFinancialInstruments 3 2023-09-30 12849721 frs-core:Non-currentFinancialInstruments 3 2023-09-30 12849721 frs-core:Non-currentFinancialInstruments 4 2023-09-30
Registered number: 12849721
Orange Property Group Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Calathea Accounting Ltd
16 Ivy Mill Close
Godstone
Surrey
RH9 8NG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12849721
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,742 3,424
Tangible Assets 5 112,729 124,781
125,471 128,205
CURRENT ASSETS
Debtors 6 170,705 89,336
Cash at bank and in hand 35,265 7,133
205,970 96,469
Creditors: Amounts Falling Due Within One Year 7 (262,108 ) (188,609 )
NET CURRENT ASSETS (LIABILITIES) (56,138 ) (92,140 )
TOTAL ASSETS LESS CURRENT LIABILITIES 69,333 36,065
Creditors: Amounts Falling Due After More Than One Year 8 (36,985 ) (72,783 )
NET ASSETS/(LIABILITIES) 32,348 (36,718 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 32,248 (36,818 )
SHAREHOLDERS' FUNDS 32,348 (36,718)
Page 1
Page 2
For the year ending 30 September 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.
On behalf of the board
Dr Thomas Lever
Director
25/10/2024
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
Orange Property Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12849721 . The registered office is 13 ST. GEORGES ROAD, BRIGHTON, BN2 1EB.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.5. 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:
Leasehold SLM over 10 years
Motor Vehicles SLM over 5 years
Fixtures & Fittings RB
Computer Equipment RB
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 11)
12 11
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Page 4
4. Intangible Assets
Other Development Costs Total
£ £ £
Cost
As at 1 October 2023 4,959 - 4,959
Additions - 11,548 11,548
As at 30 September 2024 4,959 11,548 16,507
Amortisation
As at 1 October 2023 1,535 - 1,535
Provided during the period 955 1,275 2,230
As at 30 September 2024 2,490 1,275 3,765
Net Book Value
As at 30 September 2024 2,469 10,273 12,742
As at 1 October 2023 3,424 - 3,424
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 79,992 62,583 2,016 451 145,042
Additions - 10,237 - - 10,237
As at 30 September 2024 79,992 72,820 2,016 451 155,279
Depreciation
As at 1 October 2023 - 19,060 898 303 20,261
Provided during the period 7,999 13,908 337 45 22,289
As at 30 September 2024 7,999 32,968 1,235 348 42,550
Net Book Value
As at 30 September 2024 71,993 39,852 781 103 112,729
As at 1 October 2023 79,992 43,523 1,118 148 124,781
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 157,406 85,336
Prepayments and accrued income 4,739 4,000
Director's loan account 391 -
162,536 89,336
...CONTINUED
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Due after more than one year
Employee Debt to Recover 1,769 -
Retention Asset Account 6,400 -
8,169 -
170,705 89,336
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 53,726 81,030
Bank loans and overdrafts 69,672 30,673
VAT 39,113 31,344
CIS Payable 2,872 1,947
PAYE/NIC Payable 5,996 8,354
Pensions Payable 1,319 1,252
Deposits Taken 8,333 -
Director's loan account 81,077 34,009
262,108 188,609
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Tesco Bank Loan 19,643 23,214
Loan from Lever Property Group - 15,000
Hire Purchase Van Loan 1 1,835 9,172
Hire Purchase Van Loan 2 10,482 16,472
Hire Purchase Estate Vehicle 5,025 8,925
36,985 72,783
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
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