Acorah Software Products - Accounts Production 16.1.300 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 12616927 J F Hilton J Miller iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12616927 2023-05-31 12616927 2024-05-31 12616927 2023-06-01 2024-05-31 12616927 frs-core:Non-currentFinancialInstruments 2024-05-31 12616927 frs-core:FurnitureFittings 2024-05-31 12616927 frs-core:FurnitureFittings 2023-06-01 2024-05-31 12616927 frs-core:FurnitureFittings 2023-05-31 12616927 frs-core:ShareCapital 2024-05-31 12616927 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 12616927 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12616927 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 12616927 frs-bus:SmallEntities 2023-06-01 2024-05-31 12616927 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12616927 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12616927 frs-bus:Director1 2023-06-01 2024-05-31 12616927 frs-bus:Director2 2023-06-01 2024-05-31 12616927 frs-countries:EnglandWales 2023-06-01 2024-05-31 12616927 2022-05-31 12616927 2023-05-31 12616927 2022-06-01 2023-05-31 12616927 frs-core:Non-currentFinancialInstruments 2023-05-31 12616927 frs-core:ShareCapital 2023-05-31 12616927 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 12616927
19rph Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
GTP Tax Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12616927
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,088 1,772
Investment Properties 5 375,442 375,442
376,530 377,214
CURRENT ASSETS
Cash at bank and in hand 2,600 5,613
2,600 5,613
Creditors: Amounts Falling Due Within One Year 6 (63,799 ) (63,419 )
NET CURRENT ASSETS (LIABILITIES) (61,199 ) (57,806 )
TOTAL ASSETS LESS CURRENT LIABILITIES 315,331 319,408
Creditors: Amounts Falling Due After More Than One Year 7 (346,475 ) (337,178 )
NET LIABILITIES (31,144 ) (17,770 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (31,146 ) (17,772 )
SHAREHOLDERS' FUNDS (31,144) (17,770)
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For the year ending 31 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
J Miller
Director
21/01/2025
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
19rph Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12616927 . The registered office is 19 Red Post Hill, Flat 1, London, SE24 9JJ.
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
At the balance sheet date the company had net liabilities of £31,144 (2023: £17,770). The ability of the company to continue trading is dependent on the continued support of the directors and creditors. The directors consider that this support will continue to be provided to the company for the foreseeable future and have prepared the accounts on a going concern basis. 
The financial statements do not include any adjustments that would result from the withdrawal of support by the directors.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is comprised of revenue from rental income. Revenues is recognised in the month to which the rent relates.
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:
Fixtures & Fittings 20% Straight Line
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.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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2.7. Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are
measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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
£
Cost
As at 1 June 2023 3,421
As at 31 May 2024 3,421
Depreciation
As at 1 June 2023 1,649
Provided during the period 684
As at 31 May 2024 2,333
Net Book Value
As at 31 May 2024 1,088
As at 1 June 2023 1,772
5. Investment Property
2024
£
Fair Value
As at 1 June 2023 and 31 May 2024 375,442
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 63,799 63,419
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 260,476 274,179
Other creditors 85,999 62,999
346,475 337,178
Included within creditors are mortgages which fall due after five years totalling £260,476 (2023: £274,149). Paragon Bank Plc holds security over the property of the company in the form of a fixed charge.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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