Acorah Software Products - Accounts Production 16.1.300 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 07407200 Mr R Hall Mr R Hall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07407200 2023-01-31 07407200 2024-01-31 07407200 2023-02-01 2024-01-31 07407200 frs-core:CurrentFinancialInstruments 2024-01-31 07407200 frs-core:Non-currentFinancialInstruments 2024-01-31 07407200 frs-core:ComputerEquipment 2023-02-01 2024-01-31 07407200 frs-core:FurnitureFittings 2023-02-01 2024-01-31 07407200 frs-core:LandBuildings 2024-01-31 07407200 frs-core:LandBuildings 2023-02-01 2024-01-31 07407200 frs-core:LandBuildings 2023-01-31 07407200 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 07407200 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 07407200 frs-core:PlantMachinery 2024-01-31 07407200 frs-core:PlantMachinery 2023-02-01 2024-01-31 07407200 frs-core:PlantMachinery 2023-01-31 07407200 frs-core:ShareCapital 2024-01-31 07407200 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 07407200 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07407200 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 07407200 frs-bus:SmallEntities 2023-02-01 2024-01-31 07407200 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07407200 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07407200 frs-bus:Director1 2023-02-01 2024-01-31 07407200 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 07407200 frs-countries:EnglandWales 2023-02-01 2024-01-31 07407200 2022-01-31 07407200 2023-01-31 07407200 2022-02-01 2023-01-31 07407200 frs-core:CurrentFinancialInstruments 2023-01-31 07407200 frs-core:Non-currentFinancialInstruments 2023-01-31 07407200 frs-core:ShareCapital 2023-01-31 07407200 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 07407200
Bubble Gum Promotions Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07407200
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 2,267,163
Investment Properties 5 2,823,702 -
2,823,702 2,267,163
CURRENT ASSETS
Debtors 6 112,003 362,615
Cash at bank and in hand 171 1,250
112,174 363,865
Creditors: Amounts Falling Due Within One Year 7 (754,173 ) (625,899 )
NET CURRENT ASSETS (LIABILITIES) (641,999 ) (262,034 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,181,703 2,005,129
Creditors: Amounts Falling Due After More Than One Year 8 (1,854,047 ) (1,690,233 )
NET ASSETS 327,656 314,896
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 327,655 314,895
SHAREHOLDERS' FUNDS 327,656 314,896
Page 1
Page 2
For the year ending 31 January 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 his 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 R Hall
Director
30/01/2025
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
Bubble Gum Promotions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07407200 . The registered office is Unit 15a Fenttiman Road, Canvey Island, SS8 0EQ.
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.
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:
Freehold Held at fair value
Leasehold Held at fair value
Fixtures & Fittings 3 years straight line
Computer Equipment 3 years straight line
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 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)
- -
Page 3
Page 4
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 February 2023 2,267,164 2,103 2,269,267
Additions 549,038 - 549,038
Transfers (2,816,202) 2,816,202 (2,816,202 )
As at 31 January 2024 - 2,103 2,103
Depreciation
As at 1 February 2023 - 2,104 2,104
Provided during the period - (1 ) (1 )
As at 31 January 2024 - 2,103 2,103
Net Book Value
As at 31 January 2024 - - -
As at 1 February 2023 2,267,164 (1 ) 2,267,163
5. Investment Property
2024
£
Fair Value
As at 1 February 2023 -
Additions 7,500
Transfers 2,816,202
As at 31 January 2024 2,823,702
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,200 -
Amounts owed by participating interests 97,035 230,514
Other debtors 10,768 132,101
112,003 362,615
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 754 2,255
Bank loans and overdrafts 93,868 88,561
Amounts owed to participating interests 653,143 534,333
Other creditors 4,943 750
Taxation and social security 1,465 -
754,173 625,899
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,764,047 1,455,233
Other creditors 90,000 235,000
1,854,047 1,690,233
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Related Party Transactions
Design 4 Print.com.UK Limited
(Associated company)
At the balance sheet date, the amount due from Design 4 Print.com.UK Limited was £32,823 (2023: £nil).
Bubblegum Distribution and Workwear Ltd
(Associated company)
At the balance sheet date, the amount due to Bubblegum Distribution and Workwear Ltd was £186,025 (2023: £292,070).
South Stars Entertainment Ltd
(Associated company)
At the balance sheet date, the amount due to South Stars Entertainment Ltd was £349,870 (2023: £242,263).
Brightlingsea Property Company Limited
(Associated company)
At the balance sheet date, the amount due to Brightlingsea Property Company Limited was £117,247 (2023: £nil).
Comrades Developments Limited
(Associated company)
At the balance sheet date, the amount due from Comrades Developments Limited was £64,212 (2023: £58,146).
Page 5