Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 12131155 Mr Mark Syal Mrs Johanna Syal iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12131155 2023-07-31 12131155 2024-07-31 12131155 2023-08-01 2024-07-31 12131155 frs-core:CurrentFinancialInstruments 2024-07-31 12131155 frs-core:Non-currentFinancialInstruments 2024-07-31 12131155 frs-core:ShareCapital 2024-07-31 12131155 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 12131155 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12131155 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 12131155 frs-bus:SmallEntities 2023-08-01 2024-07-31 12131155 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12131155 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12131155 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-08-01 2024-07-31 12131155 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-07-31 12131155 frs-core:ListedExchangeTraded 2024-07-31 12131155 frs-core:ListedExchangeTraded 2023-07-31 12131155 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-07-31 12131155 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-07-31 12131155 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-07-31 12131155 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-07-31 12131155 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-07-31 12131155 frs-bus:Director1 2023-08-01 2024-07-31 12131155 frs-bus:Director2 2023-08-01 2024-07-31 12131155 frs-countries:EnglandWales 2023-08-01 2024-07-31 12131155 2022-07-31 12131155 2023-07-31 12131155 2022-08-01 2023-07-31 12131155 frs-core:CurrentFinancialInstruments 2023-07-31 12131155 frs-core:Non-currentFinancialInstruments 2023-07-31 12131155 frs-core:ShareCapital 2023-07-31 12131155 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 12131155 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-07-31
Registered number: 12131155
Syal Properties Limited
Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12131155
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,082,558 1,038,558
Investments 5 139,976 -
1,222,534 1,038,558
CURRENT ASSETS
Debtors 6 997 997
Cash at bank and in hand 52,865 28,338
53,862 29,335
Creditors: Amounts Falling Due Within One Year 7 (634,481 ) (491,185 )
NET CURRENT ASSETS (LIABILITIES) (580,619 ) (461,850 )
TOTAL ASSETS LESS CURRENT LIABILITIES 641,915 576,708
Creditors: Amounts Falling Due After More Than One Year 8 (569,667 ) (569,667 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,360 ) -
NET ASSETS 63,888 7,041
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 35,640 -
Profit and Loss Account 28,148 6,941
SHAREHOLDERS' FUNDS 63,888 7,041
Page 1
Page 2
For the year ending 31 July 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 Mark Syal
Director
20/01/2025
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
Syal Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12131155 . The registered office is 128 City Road, London, EC1V 2NX.
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 rental of residential property.
Rental Income
Turnover from the rental of residential property is recognised at the point funds are transferrred to the company's bank account according to the terms of the rental agreement signed by the tenant. 
2.3. 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.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable. 
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 August 2023 1,038,558
Fair value adjustments 44,000
As at 31 July 2024 1,082,558
Page 3
Page 4
5. Investments
Listed
£
Cost
As at 1 August 2023 -
Additions 139,976
As at 31 July 2024 139,976
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 139,976
As at 1 August 2023 -
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 997 997
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 19,307 19,307
Other creditors 611,967 470,358
Taxation and social security 3,207 1,520
634,481 491,185
Included above are bank loans totalling £19,307 (2023: £19,307) which are secured via a fixed charge issued by The Mortgage Works (UK) PLC, over the company's property portfolio.
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 569,667 569,667
Included above are bank loans totalling £569,667 (2023: £569,667) which are secured via a fixed charge issued by The Mortgage Works (UK) PLC, over the company's property portfolio.
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4
Page 5
10. Reserves
Fair Value Reserve
£
Transfer to profit and loss 35,640
As at 31 July 2024 35,640
Page 5