Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 09113663 Ms Hien Doan Thi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09113663 2023-04-30 09113663 2024-04-30 09113663 2023-05-01 2024-04-30 09113663 frs-core:CurrentFinancialInstruments 2024-04-30 09113663 frs-core:Non-currentFinancialInstruments 2024-04-30 09113663 frs-core:ComputerEquipment 2024-04-30 09113663 frs-core:ComputerEquipment 2023-05-01 2024-04-30 09113663 frs-core:ComputerEquipment 2023-04-30 09113663 frs-core:RevaluationReserve 2023-04-30 09113663 frs-core:RevaluationReserve 2024-04-30 09113663 frs-core:ShareCapital 2024-04-30 09113663 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 09113663 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09113663 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 09113663 frs-bus:SmallEntities 2023-05-01 2024-04-30 09113663 frs-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 09113663 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 09113663 frs-bus:Director1 2023-05-01 2024-04-30 09113663 frs-core:Non-currentFinancialInstruments 1 2024-04-30 09113663 frs-countries:EnglandWales 2023-05-01 2024-04-30 09113663 2022-04-30 09113663 2023-04-30 09113663 2022-05-01 2023-04-30 09113663 frs-core:CurrentFinancialInstruments 2023-04-30 09113663 frs-core:Non-currentFinancialInstruments 2023-04-30 09113663 frs-core:RevaluationReserve 2023-04-30 09113663 frs-core:ShareCapital 2023-04-30 09113663 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 09113663 frs-core:Non-currentFinancialInstruments 1 2023-04-30
Registered number: 09113663
Fourbricks Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Anderson Ross Accounting & Tax Ltd
G-05 Davenport House
16 Pepper Street
London
E14 9RP
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of Fourbricks Ltd For The Year Ended 30 April 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Fourbricks Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Fourbricks Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Fourbricks Ltd and state those matters that we have agreed to state to the director of Fourbricks Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fourbricks Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Fourbricks Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Fourbricks Ltd . You consider that Fourbricks Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Fourbricks Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Anderson Ross Accounting and Tax
29 January 2025
Anderson Ross Accounting & Tax Ltd
G-05 Davenport House
16 Pepper Street
London
E14 9RP
Page 1
Page 2
Balance Sheet
Registered number: 09113663
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,824 10,432
Investment Properties 5 3,688,001 3,017,592
3,695,825 3,028,024
CURRENT ASSETS
Debtors 6 398,472 454,410
Cash at bank and in hand 60,461 1,011
458,933 455,421
Creditors: Amounts Falling Due Within One Year 7 (917,970 ) (893,821 )
NET CURRENT ASSETS (LIABILITIES) (459,037 ) (438,400 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,236,788 2,589,624
Creditors: Amounts Falling Due After More Than One Year 8 (2,178,675 ) (2,178,683 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (113,317 ) -
NET ASSETS 944,796 410,941
CAPITAL AND RESERVES
Called up share capital 9 100,000 100,000
Revaluation reserve 11 453,268 (199,141 )
Profit and Loss Account 391,528 510,082
SHAREHOLDERS' FUNDS 944,796 410,941
Page 2
Page 3
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Ms Hien Doan Thi
Director
29 January 2025
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Fourbricks Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09113663 . The registered office is G-05 Davenport House, 16 Pepper Street, London, , E14 9RP.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Computer Equipment 20% reducing balance
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.
2.5. 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 year 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.
...CONTINUED
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2.5. Taxation - continued
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 or deferred 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 and deferred 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:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Computer Equipment
£
Cost or Valuation
As at 1 May 2023 24,412
As at 30 April 2024 24,412
Depreciation
As at 1 May 2023 13,980
Provided during the period 2,608
As at 30 April 2024 16,588
Net Book Value
As at 30 April 2024 7,824
As at 1 May 2023 10,432
5. Investment Property
2024
£
Fair Value
As at 1 May 2023 3,017,592
Additions 18,000
Revaluations 652,409
As at 30 April 2024 3,688,001
Page 5
Page 6
6. Debtors
2024 2023
£ £
Due within one year
Deferred tax current asset - 37,837
Amounts owed by associates 398,472 416,573
398,472 454,410
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 759 -
Other creditors 187,136 185,096
Accruals and deferred income 4,800 5,400
Director's loan account 725,275 703,325
917,970 893,821
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Long term loan 2,178,675 2,178,683
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100,000 100,000
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 1,000 2,000
11. Reserves
Revaluation Reserve
£
As at 1 May 2023 (199,141 )
Deficit on revaluation 652,409
As at 30 April 2024 453,268
Page 6
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12. Related Party Transactions
Included in debtors falling due within one year is an amount of £398,472 (2023: £416,573) due from an associate company, a company owned by the same director. The loan is interest free.
Included in the creditors falling due within one year is an amount of £725,275 (2023: £703,325) payable to the director. The loan is interest free.
Page 7