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 08941342 Mr Aron Heilpern Mr Aron Heilpern true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08941342 2023-02-28 08941342 2024-02-28 08941342 2023-03-01 2024-02-28 08941342 frs-core:CurrentFinancialInstruments 2024-02-28 08941342 frs-core:Non-currentFinancialInstruments 2024-02-28 08941342 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-28 08941342 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 08941342 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 08941342 frs-core:RevaluationReserve 2023-02-28 08941342 frs-core:RevaluationReserve 2024-02-28 08941342 frs-core:ShareCapital 2024-02-28 08941342 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 08941342 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 08941342 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 08941342 frs-bus:SmallEntities 2023-03-01 2024-02-28 08941342 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 08941342 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 08941342 1 2023-03-01 2024-02-28 08941342 frs-bus:Director1 2023-03-01 2024-02-28 08941342 frs-countries:EnglandWales 2023-03-01 2024-02-28 08941342 2022-02-28 08941342 2023-02-28 08941342 2022-03-01 2023-02-28 08941342 frs-core:CurrentFinancialInstruments 2023-02-28 08941342 frs-core:Non-currentFinancialInstruments 2023-02-28 08941342 frs-core:RevaluationReserve 2023-02-28 08941342 frs-core:ShareCapital 2023-02-28 08941342 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 08941342
LOCKMEAD (UK) LTD
Unaudited Financial Statements
For The Year Ended 28 February 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08941342
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,000,000 2,000,000
2,000,000 2,000,000
CURRENT ASSETS
Debtors 5 - 52,941
- 52,941
Creditors: Amounts Falling Due Within One Year 6 (719,776 ) (687,875 )
NET CURRENT ASSETS (LIABILITIES) (719,776 ) (634,934 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,280,224 1,365,066
Creditors: Amounts Falling Due After More Than One Year 7 (858,759 ) (934,962 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (88,000 ) (88,000 )
NET ASSETS 333,465 342,104
CAPITAL AND RESERVES
Called up share capital 8 100 1
Revaluation reserve 9 313,325 313,325
Profit and Loss Account 20,040 28,778
SHAREHOLDERS' FUNDS 333,465 342,104
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 Aron Heilpern
Director
26th 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
LOCKMEAD (UK) LTD is a private company, limited by shares, incorporated in England & Wales, registered number 08941342 . The registered office is 153B Clapton Common, London, E5 9AE.
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:
Freehold Nil
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 March 2023 2,000,000
As at 28 February 2024 2,000,000
Net Book Value
As at 28 February 2024 2,000,000
As at 1 March 2023 2,000,000
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 52,941
- 52,941
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 719,426 687,525
Accruals and deferred income 350 350
719,776 687,875
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 678,755 754,958
Other creditors 180,004 180,004
858,759 934,962
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 1
9. Reserves
Revaluation Reserve
£
As at 1 March 2023 313,325
As at 28 February 2024 313,325
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr Aron Heilpern by virtue of his ownership of 75% of the issued share capital in the company.
Page 4