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 04239597 Mr Mohammed Asghar Mr Adam Asghar Mrs Malgorzata Skoczynska-Asghar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04239597 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-03-31 04239597 2023-03-31 04239597 2024-03-31 04239597 2023-04-01 2024-03-31 04239597 frs-core:CurrentFinancialInstruments 2024-03-31 04239597 frs-core:Non-currentFinancialInstruments 2024-03-31 04239597 frs-core:ComputerEquipment 2024-03-31 04239597 frs-core:ComputerEquipment 2023-04-01 2024-03-31 04239597 frs-core:ComputerEquipment 2023-03-31 04239597 frs-core:MotorVehicles 2024-03-31 04239597 frs-core:MotorVehicles 2023-04-01 2024-03-31 04239597 frs-core:MotorVehicles 2023-03-31 04239597 frs-core:SharePremium 2024-03-31 04239597 frs-core:ShareCapital 2024-03-31 04239597 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04239597 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04239597 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04239597 frs-bus:SmallEntities 2023-04-01 2024-03-31 04239597 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04239597 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04239597 frs-bus:Director1 2023-04-01 2024-03-31 04239597 frs-bus:Director2 2023-04-01 2024-03-31 04239597 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 04239597 frs-core:CurrentFinancialInstruments 2 2024-03-31 04239597 frs-countries:EnglandWales 2023-04-01 2024-03-31 04239597 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-03-31 04239597 2022-03-31 04239597 2023-03-31 04239597 2022-04-01 2023-03-31 04239597 frs-core:CurrentFinancialInstruments 2023-03-31 04239597 frs-core:Non-currentFinancialInstruments 2023-03-31 04239597 frs-core:SharePremium 2023-03-31 04239597 frs-core:ShareCapital 2023-03-31 04239597 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 04239597 frs-core:CurrentFinancialInstruments 1 2023-03-31 04239597 frs-core:CurrentFinancialInstruments 2 2023-03-31
Registered number: 04239597
Secure Accommodation Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Gill & Company
Chartered Certified Accountants
19 Ravensthorpe Road
Wigston
LE18 3QX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04239597
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,944 2,592
Investment Properties 5 11,337,500 10,463,000
11,339,444 10,465,592
CURRENT ASSETS
Debtors 6 450,663 520,521
Cash at bank and in hand 326,572 401,550
777,235 922,071
Creditors: Amounts Falling Due Within One Year 7 (469,531 ) (384,967 )
NET CURRENT ASSETS (LIABILITIES) 307,704 537,104
TOTAL ASSETS LESS CURRENT LIABILITIES 11,647,148 11,002,696
Creditors: Amounts Falling Due After More Than One Year 8 (2,715,277 ) (2,774,610 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (771,570 ) (704,590 )
NET ASSETS 8,160,301 7,523,496
CAPITAL AND RESERVES
Called up share capital 11 200 200
Share premium account 195,156 195,156
Profit and Loss Account 7,964,945 7,328,140
SHAREHOLDERS' FUNDS 8,160,301 7,523,496
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 Mohammed Asghar
Director
27/12/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Secure Accommodation Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04239597 . The registered office is Adams House 181 Loughborough Road, West Bridgford, Nottingham, NG2 7JR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard 102 1A (Small).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Motor Vehicles 25% reducing balance basis
Computer Equipment 25% reducing balance basis
2.4. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their market value.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 3 3
3 3
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 April 2023 12,289 619 12,908
As at 31 March 2024 12,289 619 12,908
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2023 10,161 155 10,316
Provided during the period 532 116 648
As at 31 March 2024 10,693 271 10,964
Net Book Value
As at 31 March 2024 1,596 348 1,944
As at 1 April 2023 2,128 464 2,592
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 10,463,000
Additions 608,521
Revaluations 265,979
As at 31 March 2024 11,337,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,500 -
Prepayments and accrued income 24,338 5,486
Other debtors 413,000 412,000
Other debtors (1) - 98,640
Other debtors (2) 2,500 2,500
VAT - 1,570
Other taxes and social security 325 325
450,663 520,521
Other debtors are advances made to a company connected with a directors of the company and are repayable on demand.
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,460 -
Bank loans and overdrafts 57,328 55,322
Corporation tax 146,152 100,054
VAT 180 -
Accruals and deferred income 59,284 11,295
Directors' loan accounts 204,127 218,296
469,531 384,967
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,715,277 2,774,610
Page 4
Page 5
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 2,485,966 2,553,322
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 2,772,605 2,829,932
10. Deferred Taxation
The provision for deferred taxation is made up of unrealised gains on revaluation of investment properties and accelerated capital allowances on fixed assets.
2024 2023
£ £
Other timing differences 771,570 704,590
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
12. Related Party Transactions
Management and letting charges of £56,548 were paid during the year to a company run by a director who is related to the directors of Secure Accommodation Limited. The transaction were done on a commercial basis. 
Page 5