Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 12055607 Mr H J Bellfield Mr J H Robinson Mr A S Watson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12055607 2023-06-30 12055607 2024-06-30 12055607 2023-07-01 2024-06-30 12055607 frs-core:CurrentFinancialInstruments 2024-06-30 12055607 frs-core:Non-currentFinancialInstruments 2024-06-30 12055607 frs-core:ShareCapital 2024-06-30 12055607 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12055607 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12055607 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12055607 frs-bus:SmallEntities 2023-07-01 2024-06-30 12055607 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12055607 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12055607 frs-bus:Director1 2023-07-01 2024-06-30 12055607 frs-bus:Director2 2023-07-01 2024-06-30 12055607 frs-bus:Director3 2023-07-01 2024-06-30 12055607 frs-countries:EnglandWales 2023-07-01 2024-06-30 12055607 2022-06-30 12055607 2023-06-30 12055607 2022-07-01 2023-06-30 12055607 frs-core:CurrentFinancialInstruments 2023-06-30 12055607 frs-core:Non-currentFinancialInstruments 2023-06-30 12055607 frs-core:ShareCapital 2023-06-30 12055607 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 12055607
JAH Real Estate Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12055607
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 2,500,000 1,920,000
2,500,000 1,920,000
CURRENT ASSETS
Debtors 5 12,942 7,034
Cash at bank and in hand 62,417 188,181
75,359 195,215
Creditors: Amounts Falling Due Within One Year 6 (731,956 ) (855,176 )
NET CURRENT ASSETS (LIABILITIES) (656,597 ) (659,961 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,843,403 1,260,039
Creditors: Amounts Falling Due After More Than One Year 7 (583,482 ) (663,482 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (222,505 ) (77,505 )
NET ASSETS 1,037,416 519,052
CAPITAL AND RESERVES
Called up share capital 8 3 3
Profit and Loss Account 1,037,413 519,049
SHAREHOLDERS' FUNDS 1,037,416 519,052
Page 1
Page 2
For the year ending 30 June 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 H J Bellfield
Director
Mr J H Robinson
Director
17/12/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
JAH Real Estate Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12055607 . The registered office is Barberry House, Bromsgrove Road, Belbroughton nr Stourbridge, West Midlands, DY9 9XX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.  The financial statements have been prepared 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. 
Rental income is recognised in the period in which it accrues.  Where the tenants are provided rent free periods, the cost of the incentive is spread over the lease term.
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 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 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: NIL (2023: NIL)
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4. Investment Property
2024
£
Fair Value
As at 1 July 2023 1,920,000
Revaluations 580,000
As at 30 June 2024 2,500,000
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 9,153 -
Prepayments and accrued income 3,786 7,031
Other debtors 3 3
12,942 7,034
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 12,582 12,831
Bank loans and overdrafts - 92,410
Corporation tax 24,955 27,782
Other taxes and social security 4,945 20,241
Other creditors 669,203 669,203
Accruals and deferred income 20,271 32,709
731,956 855,176
The bank loans are secured by way of a fixed charge over the tangible assets held by the company.  
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 583,482 663,482
The bank loans are secured by way of a fixed charge over the tangible assets held by the company.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
Page 4