Acorah Software Products - Accounts Production 16.1.300 false true 29 May 2023 30 May 2022 false 30 May 2023 29 May 2024 29 May 2024 09049601 Mr John Mulcahy Mr Erik Ten Have true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09049601 2023-05-29 09049601 2024-05-29 09049601 2023-05-30 2024-05-29 09049601 frs-core:CurrentFinancialInstruments 2024-05-29 09049601 frs-core:Non-currentFinancialInstruments 2024-05-29 09049601 frs-core:ComputerEquipment 2024-05-29 09049601 frs-core:ComputerEquipment 2023-05-30 2024-05-29 09049601 frs-core:ComputerEquipment 2023-05-29 09049601 frs-core:FurnitureFittings 2024-05-29 09049601 frs-core:FurnitureFittings 2023-05-30 2024-05-29 09049601 frs-core:FurnitureFittings 2023-05-29 09049601 frs-core:ShareCapital 2024-05-29 09049601 frs-core:RetainedEarningsAccumulatedLosses 2024-05-29 09049601 frs-bus:PrivateLimitedCompanyLtd 2023-05-30 2024-05-29 09049601 frs-bus:FilletedAccounts 2023-05-30 2024-05-29 09049601 frs-bus:SmallEntities 2023-05-30 2024-05-29 09049601 frs-bus:AuditExempt-NoAccountantsReport 2023-05-30 2024-05-29 09049601 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-30 2024-05-29 09049601 1 2023-05-30 2024-05-29 09049601 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-05-29 09049601 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-05-29 09049601 frs-bus:Director1 2023-05-30 2024-05-29 09049601 frs-bus:Director2 2023-05-30 2024-05-29 09049601 frs-countries:EnglandWales 2023-05-30 2024-05-29 09049601 2022-05-29 09049601 2023-05-29 09049601 2022-05-30 2023-05-29 09049601 frs-core:CurrentFinancialInstruments 2023-05-29 09049601 frs-core:Non-currentFinancialInstruments 2023-05-29 09049601 frs-core:ShareCapital 2023-05-29 09049601 frs-core:RetainedEarningsAccumulatedLosses 2023-05-29 09049601 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-05-29
Registered number: 09049601
One Door Down Manchester Ltd
Unaudited Financial Statements
For The Year Ended 29 May 2024
Optimise Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09049601
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,784 2,098
Investment Properties 5 2,230,000 2,230,000
2,232,784 2,232,098
CURRENT ASSETS
Debtors 6 20,682 3,573
Cash at bank and in hand 32,315 17,057
52,997 20,630
Creditors: Amounts Falling Due Within One Year 7 (487,982 ) (475,248 )
NET CURRENT ASSETS (LIABILITIES) (434,985 ) (454,618 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,797,799 1,777,480
Creditors: Amounts Falling Due After More Than One Year 8 (1,402,685 ) (1,402,607 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (85,368 ) (85,368 )
NET ASSETS 309,746 289,505
CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 494,143 494,143
Profit and Loss Account (184,497 ) (204,738 )
SHAREHOLDERS' FUNDS 309,746 289,505
Page 1
Page 2
For the year ending 29 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 Erik Ten Have
Director
24/01/2025
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
One Door Down Manchester Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09049601 . The registered office is Dover House, 6 Consort Rd, Cowes, Isle Of Wight, PO31 7SQ.
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:
Fixtures & Fittings 25% on Reducing Balance Method
Computer Equipment 25% on 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: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 30 May 2023 45,478 9,321 54,799
Additions 1,449 - 1,449
As at 29 May 2024 46,927 9,321 56,248
Depreciation
As at 30 May 2023 43,380 9,321 52,701
Provided during the period 763 - 763
As at 29 May 2024 44,143 9,321 53,464
Net Book Value
As at 29 May 2024 2,784 - 2,784
As at 30 May 2023 2,098 - 2,098
Page 3
Page 4
5. Investment Property
2024
£
Fair Value
As at 30 May 2023 and 29 May 2024 2,230,000
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 7,400 2,791
Other debtors 13,282 782
20,682 3,573
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,410 7,313
Other creditors 54,846 46,223
Directors' loan accounts 14 -
Amounts owed to group undertakings 421,712 421,712
487,982 475,248
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,402,685 1,402,607
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 1,402,685 1,402,607
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Reserves
Fair Value Reserve
£
As at 30 May 2023 494,143
As at 29 May 2024 494,143
Page 4
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12. Related Party Transactions
At the year end the company was owed £421,712 (2023: £421,712) from One Door down Limited, a company in which the director, Erik Henk Ten Have, is also a director.This amount is included within Amounts owed by group undertakings. This amount is loaned interest free and is repayable on demand.
13. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is One Door Down Limited
Page 5