Acorah Software Products - Accounts Production 16.0.110 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 11345708 Mr Richard Blackford Mrs Eleanor London Mr Richard Blackford iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11345708 2023-05-31 11345708 2024-05-31 11345708 2023-06-01 2024-05-31 11345708 frs-core:CurrentFinancialInstruments 2024-05-31 11345708 frs-core:Non-currentFinancialInstruments 2024-05-31 11345708 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 11345708 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 11345708 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 11345708 frs-core:ShareCapital 2024-05-31 11345708 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11345708 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11345708 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 11345708 frs-bus:SmallEntities 2023-06-01 2024-05-31 11345708 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11345708 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11345708 frs-bus:Director1 2023-06-01 2024-05-31 11345708 frs-bus:Director2 2023-06-01 2024-05-31 11345708 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 11345708 frs-countries:EnglandWales 2023-06-01 2024-05-31 11345708 2022-05-31 11345708 2023-05-31 11345708 2022-06-01 2023-05-31 11345708 frs-core:CurrentFinancialInstruments 2023-05-31 11345708 frs-core:Non-currentFinancialInstruments 2023-05-31 11345708 frs-core:ShareCapital 2023-05-31 11345708 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 11345708
First Desk Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Panthera Limited
Chartered Management Accountants
The Manor
Main Street
Grove
Oxfordshire
OX12 7JJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11345708
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 368,326 368,326
368,326 368,326
CURRENT ASSETS
Debtors 5 650 -
Cash at bank and in hand 18,148 19,505
18,798 19,505
Creditors: Amounts Falling Due Within One Year 6 (5,142 ) (1,914 )
NET CURRENT ASSETS (LIABILITIES) 13,656 17,591
TOTAL ASSETS LESS CURRENT LIABILITIES 381,982 385,917
Creditors: Amounts Falling Due After More Than One Year 7 (409,792 ) (409,792 )
NET LIABILITIES (27,810 ) (23,875 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (27,910 ) (23,975 )
SHAREHOLDERS' FUNDS (27,810) (23,875)
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For the year ending 31 May 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 Richard Blackford
Director
28/11/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
First Desk Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11345708 . The registered office is 24 Myrtle Road, London, W3 6EA.
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 No Amortisation charged on Land and Buildings
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 June 2023 368,326
As at 31 May 2024 368,326
Net Book Value
As at 31 May 2024 368,326
As at 1 June 2023 368,326
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 650 -
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,000 -
Accruals and deferred income 1,800 1,800
Directors' loan accounts 342 114
5,142 1,914
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 409,792 409,792
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
Deep Harmony LimitedA company under common controlDuring the year First Desk Ltd paid £15,000 (2023 - £nil) to Deep Harmony Limited in relation to the loan. An additional loan of £15,000 (2023 - £400,000) was made in the year from Deep Harmony Ltd to First Desk Ltd. Monthly interest is charged on this loan at 3%. The total interest charged in the year was £12,000. As at the balance sheet date, the amount payable to Deep Harmony Limited was £409,792.

Deep Harmony Limited

A company under common control

During the year First Desk Ltd paid £15,000 (2023 - £nil) to Deep Harmony Limited in relation to the loan. An additional loan of £15,000 (2023 - £400,000) was made in the year from Deep Harmony Ltd to First Desk Ltd. Monthly interest is charged on this loan at 3%. The total interest charged in the year was £12,000. As at the balance sheet date, the amount payable to Deep Harmony Limited was £409,792.

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