Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 09964616 Mr J A Zelty iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09964616 2023-01-31 09964616 2024-01-31 09964616 2023-02-01 2024-01-31 09964616 frs-core:Non-currentFinancialInstruments 2024-01-31 09964616 frs-core:RevaluationReserve 2023-01-31 09964616 frs-core:RevaluationReserve 2024-01-31 09964616 frs-core:ShareCapital 2024-01-31 09964616 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09964616 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09964616 frs-bus:AbridgedAccounts 2023-02-01 2024-01-31 09964616 frs-bus:SmallEntities 2023-02-01 2024-01-31 09964616 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09964616 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09964616 frs-bus:Director1 2023-02-01 2024-01-31 09964616 frs-countries:EnglandWales 2023-02-01 2024-01-31 09964616 2022-01-31 09964616 2023-01-31 09964616 2022-02-01 2023-01-31 09964616 frs-core:Non-currentFinancialInstruments 2023-01-31 09964616 frs-core:RevaluationReserve 2023-01-31 09964616 frs-core:ShareCapital 2023-01-31 09964616 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 09964616
Morestd Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 09964616
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 593,000 593,000
593,000 593,000
CURRENT ASSETS
Debtors 614 599
Cash at bank and in hand 37,856 39,921
38,470 40,520
Creditors: Amounts Falling Due Within One Year (5,642 ) (4,395 )
NET CURRENT ASSETS (LIABILITIES) 32,828 36,125
TOTAL ASSETS LESS CURRENT LIABILITIES 625,828 629,125
Creditors: Amounts Falling Due After More Than One Year (554,187 ) (569,072 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,974 ) (9,974 )
NET ASSETS 61,667 50,079
CAPITAL AND RESERVES
Called up share capital 5 100 100
Revaluation reserve 6 39,896 39,896
Profit and Loss Account 21,671 10,083
SHAREHOLDERS' FUNDS 61,667 50,079
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 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 31 January 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr J A Zelty
Director
20 November 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
Morestd Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09964616 . The registered office is Ashdon House, Second Floor, Moon Lane, Barnet, Herts, EN5 5YL.
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 rents receivable.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investment Property
2024
£
Fair Value
As at 1 February 2023 and 31 January 2024 593,000
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3
Page 4
6. Reserves
Revaluation Reserve
£
As at 1 February 2023 39,896
As at 31 January 2024 39,896
Page 4