Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 10619574 Mr Sholem Lax Mr Sholem Lax true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10619574 2023-02-28 10619574 2024-02-28 10619574 2023-03-01 2024-02-28 10619574 frs-core:CurrentFinancialInstruments 2024-02-28 10619574 frs-core:Non-currentFinancialInstruments 2024-02-28 10619574 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-28 10619574 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-28 10619574 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 10619574 frs-core:ShareCapital 2024-02-28 10619574 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 10619574 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 10619574 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 10619574 frs-bus:SmallEntities 2023-03-01 2024-02-28 10619574 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 10619574 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 10619574 1 2023-03-01 2024-02-28 10619574 frs-bus:Director1 2023-03-01 2024-02-28 10619574 frs-countries:EnglandWales 2023-03-01 2024-02-28 10619574 2022-02-28 10619574 2023-02-28 10619574 2022-03-01 2023-02-28 10619574 frs-core:CurrentFinancialInstruments 2023-02-28 10619574 frs-core:Non-currentFinancialInstruments 2023-02-28 10619574 frs-core:ShareCapital 2023-02-28 10619574 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 10619574
SHOLEM LIMITED
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10619574
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,511,699 1,511,699
1,511,699 1,511,699
CURRENT ASSETS
Debtors 5 142,602 67,140
Cash at bank and in hand 2,424 5,625
145,026 72,765
Creditors: Amounts Falling Due Within One Year 6 (550,996 ) (472,036 )
NET CURRENT ASSETS (LIABILITIES) (405,970 ) (399,271 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,105,729 1,112,428
Creditors: Amounts Falling Due After More Than One Year 7 (1,106,900 ) (1,106,900 )
NET (LIABILITIES)/ASSETS (1,171 ) 5,528
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (1,172 ) 5,527
SHAREHOLDERS' FUNDS (1,171) 5,528
Page 1
Page 2
For the year ending 28 February 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
Mr Sholem Lax
Director
13th November 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
SHOLEM LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 10619574 . The registered office is 25 Howard Road, London, London, N15 6NL.
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:
Leasehold Nil
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:1  NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Leasehold
£
Cost
As at 1 March 2023 1,511,699
As at 28 February 2024 1,511,699
Net Book Value
As at 28 February 2024 1,511,699
As at 1 March 2023 1,511,699
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 67,140 67,140
Amounts owed by group undertakings 75,462 -
142,602 67,140
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 28,357 39,053
Other creditors 500,033 432,583
Accruals and deferred income 400 400
Amounts owed to group undertakings 22,206 -
550,996 472,036
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,106,900 1,106,900
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr Sholem Lax by virtue of his ownership of 100% of the issued share capital in the company.
Page 4