Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10211730 Mrs Yasmin Waqi Mr NIDAL TARIQ ALI KHAN Mr FAISAL SAEED Mr MOHAMMAD WAQI iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10211730 2023-03-31 10211730 2024-03-31 10211730 2023-04-01 2024-03-31 10211730 frs-core:CurrentFinancialInstruments 2024-03-31 10211730 frs-core:Non-currentFinancialInstruments 2024-03-31 10211730 frs-core:PlantMachinery 2024-03-31 10211730 frs-core:PlantMachinery 2023-04-01 2024-03-31 10211730 frs-core:PlantMachinery 2023-03-31 10211730 frs-core:ShareCapital 2024-03-31 10211730 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10211730 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10211730 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10211730 frs-bus:SmallEntities 2023-04-01 2024-03-31 10211730 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10211730 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10211730 frs-bus:Director1 2023-04-01 2024-03-31 10211730 frs-bus:Director2 2023-04-01 2024-03-31 10211730 frs-bus:Director3 2023-04-01 2024-03-31 10211730 frs-bus:Director4 2023-04-01 2024-03-31 10211730 frs-countries:EnglandWales 2023-04-01 2024-03-31 10211730 2022-03-31 10211730 2023-03-31 10211730 2022-04-01 2023-03-31 10211730 frs-core:CurrentFinancialInstruments 2023-03-31 10211730 frs-core:Non-currentFinancialInstruments 2023-03-31 10211730 frs-core:ShareCapital 2023-03-31 10211730 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10211730
Skyline Development Consultancy Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
BUTT & CO ACCOUNTANTS LTD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10211730
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,520 1,900
Investment Properties 5 403,867 403,867
405,387 405,767
CURRENT ASSETS
Cash at bank and in hand 6,327 -
6,327 -
Creditors: Amounts Falling Due Within One Year 6 (80,740 ) (13,982 )
NET CURRENT ASSETS (LIABILITIES) (74,413 ) (13,982 )
TOTAL ASSETS LESS CURRENT LIABILITIES 330,974 391,785
Creditors: Amounts Falling Due After More Than One Year 7 (326,380 ) (388,404 )
NET ASSETS 4,594 3,381
CAPITAL AND RESERVES
Called up share capital 8 380 380
Profit and Loss Account 4,214 3,001
SHAREHOLDERS' FUNDS 4,594 3,381
Page 1
Page 2
For the year 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 MOHAMMAD WAQI
Director
28/11/2024
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
Skyline Development Consultancy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10211730 . The registered office is 6 Hillside Gardens, London, E17 3RJ.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Plant & Machinery 20% reducing balance method
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 8,531
As at 31 March 2024 8,531
Depreciation
As at 1 April 2023 6,631
Provided during the period 380
As at 31 March 2024 7,011
Net Book Value
As at 31 March 2024 1,520
As at 1 April 2023 1,900
Page 3
Page 4
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 403,867
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts - 1,690
Mortgage 8,905 8,095
Corporation tax - 792
Accruals and deferred income 3,137 3,405
Directors' loan accounts 68,698 -
80,740 13,982
Short term creditors are measured at transaction price (which is usually the invoice price). Loans
and other financial liabilities are initially recognised at transaction price net of any transaction costs
and subsequently measured at amortised cost determined using the effective interest method.
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 3,655
Other loans 83,271 150,410
Mortgage (secured bank loans) 243,109 234,339
326,380 388,404
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 380 380
Page 4