Acorah Software Products - Accounts Production 16.1.300 false true true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 09856892 Mr Tomer Spitkowski iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09856892 2023-11-30 09856892 2024-11-30 09856892 2023-12-01 2024-11-30 09856892 frs-core:Non-currentFinancialInstruments 2024-11-30 09856892 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 09856892 frs-core:PlantMachinery 2023-12-01 2024-11-30 09856892 frs-core:ShareCapital 2024-11-30 09856892 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 09856892 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 09856892 frs-bus:AbridgedAccounts 2023-12-01 2024-11-30 09856892 frs-bus:SmallEntities 2023-12-01 2024-11-30 09856892 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 09856892 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 09856892 frs-core:CostValuation 2023-11-30 09856892 frs-core:AdditionsToInvestments 2024-11-30 09856892 frs-core:CostValuation 2024-11-30 09856892 frs-bus:Director1 2023-12-01 2024-11-30 09856892 frs-countries:EnglandWales 2023-12-01 2024-11-30 09856892 2022-11-30 09856892 2023-11-30 09856892 2022-12-01 2023-11-30 09856892 frs-core:Non-currentFinancialInstruments 2023-11-30 09856892 frs-core:ShareCapital 2023-11-30 09856892 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 09856892
Sapphire 1 Properties Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 09856892
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,923 808,073
Investments 5 162,500 75,000
165,423 883,073
CURRENT ASSETS
Debtors 129,106 130,796
Cash at bank and in hand 26,607 201,317
155,713 332,113
Creditors: Amounts Falling Due Within One Year (395,143 ) (534,117 )
NET CURRENT ASSETS (LIABILITIES) (239,430 ) (202,004 )
TOTAL ASSETS LESS CURRENT LIABILITIES (74,007 ) 681,069
Creditors: Amounts Falling Due After More Than One Year (11,727 ) (927,090 )
NET LIABILITIES (85,734 ) (246,021 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (85,834 ) (246,121 )
SHAREHOLDERS' FUNDS (85,734) (246,021)
Page 1
Page 2
For the year ending 30 November 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 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 November 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Tomer Spitkowski
Director
10 January 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Sapphire 1 Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09856892 . The registered office is 925 Finchley Road, London, NW11 7PE.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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 not depreciated
Plant & Machinery 25% rbm
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Total
£
Cost
As at 1 December 2023 837,955
Additions 12,351
Disposals (816,526 )
As at 30 November 2024 33,780
Depreciation
As at 1 December 2023 29,882
Provided during the period 975
As at 30 November 2024 30,857
Net Book Value
As at 30 November 2024 2,923
As at 1 December 2023 808,073
5. Investments
Total
£
Cost
As at 1 December 2023 75,000
Additions 87,500
As at 30 November 2024 162,500
Provision
As at 1 December 2023 -
As at 30 November 2024 -
Net Book Value
As at 30 November 2024 162,500
As at 1 December 2023 75,000
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6. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts - 320,047
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5