Acorah Software Products - Accounts Production 16.0.110 false true 31 July 2023 26 July 2022 false 1 August 2023 31 March 2024 31 March 2024 14256255 Mr Antony Box Mr Carmine Defeo iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14256255 2023-07-31 14256255 2024-03-31 14256255 2023-08-01 2024-03-31 14256255 frs-core:CurrentFinancialInstruments 2024-03-31 14256255 frs-core:BetweenOneFiveYears 2024-03-31 14256255 frs-core:MoreThanFiveYears 2024-03-31 14256255 frs-core:WithinOneYear 2024-03-31 14256255 frs-core:ShareCapital 2024-03-31 14256255 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14256255 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-03-31 14256255 frs-bus:FilletedAccounts 2023-08-01 2024-03-31 14256255 frs-bus:SmallEntities 2023-08-01 2024-03-31 14256255 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-03-31 14256255 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-03-31 14256255 frs-bus:Director1 2023-08-01 2024-03-31 14256255 frs-bus:Director2 2023-08-01 2024-03-31 14256255 frs-countries:EnglandWales 2023-08-01 2024-03-31 14256255 2022-07-25 14256255 2023-07-31 14256255 2022-07-26 2023-07-31 14256255 frs-core:CurrentFinancialInstruments 2023-07-31 14256255 frs-core:BetweenOneFiveYears 2023-07-31 14256255 frs-core:MoreThanFiveYears 2023-07-31 14256255 frs-core:WithinOneYear 2023-07-31 14256255 frs-core:ShareCapital 2023-07-31 14256255 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 14256255
59 Roff Avenue Ltd
Unaudited ABRIDGED Financial Statements
For the Period 1 August 2023 to 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14256255
31 March 2024 31 July 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 570,000 570,000
570,000 570,000
CURRENT ASSETS
Debtors 5 1,449 624
Cash at bank and in hand 28,762 11,220
30,211 11,844
Creditors: Amounts Falling Due Within One Year 6 (577,036 ) (565,687 )
NET CURRENT ASSETS (LIABILITIES) (546,825 ) (553,843 )
TOTAL ASSETS LESS CURRENT LIABILITIES 23,175 16,157
NET ASSETS 23,175 16,157
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 23,173 16,155
SHAREHOLDERS' FUNDS 23,175 16,157
Page 1
Page 2
For the period ending 31 March 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
Mr Antony Box
Director
Mr Carmine Defeo
Director
12/11/2024
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
59 Roff Avenue Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14256255 . The registered office is 8 Brookside, Renhold, Bedford, MK41 0JL.
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 revenue recognised by the company in respect of the company's investment property.
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. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 2)
2 2
4. Investment Property
31 March 2024
£
Fair Value
As at 1 August 2023 and 31 March 2024 570,000
Page 3
Page 4
5. Debtors
31 March 2024 31 July 2023
£ £
Due within one year
Trade debtors 825 -
Prepayments and accrued income 624 624
1,449 624
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 July 2023
£ £
Corporation tax 5,531 3,885
Accruals and deferred income 3,125 900
Amounts owed to parent undertaking 568,380 560,902
577,036 565,687
7. Share Capital
31 March 2024 31 July 2023
£ £
Allotted, Called up and fully paid 2 2
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 March 2024 31 July 2023
£ £
Not later than one year 750 750
Later than one year and not later than five years 3,000 3,000
Later than five years 576,000 576,750
579,750 580,500
Page 4