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 8483585 Mr Elliot Nussbaum Mr Jeremy Nussbaum Mrs Hanna Nussbaum Mrs Sarah Nussbaum iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 8483585 2023-04-30 8483585 2024-04-30 8483585 2023-05-01 2024-04-30 8483585 frs-core:CurrentFinancialInstruments 2024-04-30 8483585 frs-core:Non-currentFinancialInstruments 2024-04-30 8483585 frs-core:BetweenOneFiveYears 2024-04-30 8483585 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-30 8483585 frs-core:InvestmentPropertyIncludedWithinPPE 2023-05-01 2024-04-30 8483585 frs-core:InvestmentPropertyIncludedWithinPPE 2023-04-30 8483585 frs-core:MotorVehicles 2024-04-30 8483585 frs-core:MotorVehicles 2023-05-01 2024-04-30 8483585 frs-core:MotorVehicles 2023-04-30 8483585 frs-core:WithinOneYear 2024-04-30 8483585 frs-core:RevaluationReserve 2023-05-01 2024-04-30 8483585 frs-core:RevaluationReserve 2023-04-30 8483585 frs-core:RevaluationReserve 2024-04-30 8483585 frs-core:ShareCapital 2024-04-30 8483585 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 8483585 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 8483585 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 8483585 frs-bus:SmallEntities 2023-05-01 2024-04-30 8483585 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 8483585 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 8483585 frs-core:CostValuation 2023-04-30 8483585 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-04-30 8483585 frs-core:CostValuation 2024-04-30 8483585 frs-core:ProvisionsForImpairmentInvestments 2023-04-30 8483585 frs-core:ProvisionsForImpairmentInvestments 2024-04-30 8483585 frs-bus:Director1 2023-05-01 2024-04-30 8483585 frs-bus:Director2 2023-05-01 2024-04-30 8483585 frs-bus:Director3 2023-05-01 2024-04-30 8483585 frs-bus:Director4 2023-05-01 2024-04-30 8483585 frs-countries:EnglandWales 2023-05-01 2024-04-30 8483585 2022-04-30 8483585 2023-04-30 8483585 2022-05-01 2023-04-30 8483585 frs-core:CurrentFinancialInstruments 2023-04-30 8483585 frs-core:Non-currentFinancialInstruments 2023-04-30 8483585 frs-core:BetweenOneFiveYears 2023-04-30 8483585 frs-core:MotorVehicles 2022-05-01 2023-04-30 8483585 frs-core:WithinOneYear 2023-04-30 8483585 frs-core:RevaluationReserve 2023-04-30 8483585 frs-core:ShareCapital 2023-04-30 8483585 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 8483585
Jeswanpark Ltd
Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors Mr Elliot Nussbaum
Mr Jeremy Nussbaum
Mrs Hanna Nussbaum
Mrs Sarah Nussbaum
Company Number 8483585
Registered Office 57 Singleton Road
SALFORD
M7 4NA
Page 1
Page 2
Balance Sheet
Registered number: 8483585
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,378,537 3,210,000
Investments 5 222,275 214,240
3,600,812 3,424,240
CURRENT ASSETS
Debtors 6 (5,148 ) 5,050
Cash at bank and in hand 25,269 19,282
20,121 24,332
Creditors: Amounts Falling Due Within One Year 7 (202,357 ) (131,593 )
NET CURRENT ASSETS (LIABILITIES) (182,236 ) (107,261 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,418,576 3,316,979
Creditors: Amounts Falling Due After More Than One Year 8 (2,376,492 ) (2,447,500 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 11 (11,537 ) -
NET ASSETS 1,030,547 869,479
CAPITAL AND RESERVES
Called up share capital 12 100 100
Revaluation reserve 15 713,207 588,207
Profit and Loss Account 317,240 281,172
SHAREHOLDERS' FUNDS 1,030,547 869,479
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 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 Jeremy Nussbaum
Director
30th 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
Jeswanpark Ltd Registered number 8483585 is a limited by shares company incorporated in England & Wales. The Registered Office is 57 Singleton Road, SALFORD, M7 4NA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of rental income receivable during the period, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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.
Motor Vehicles Straight line over 3 years to guaranteed value
2.4. Investment Properties
Investment properties should not be subject to periodic charges for depreciation on the basis set out in SSAP 12, except for properties held on lease which should be depreciated on the basis set out in SSAP 12 at least over the period when the unexpired term is 20 years or less.
Investment properties are be included in the balance sheet at their open market value.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. 
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 4 4
4 4
Page 4
Page 5
4. Tangible Assets
Investment Properties Motor Vehicles Total
£ £ £
Cost or Valuation
As at 1 May 2023 3,210,000 - 3,210,000
Additions - 44,287 44,287
Revaluation 125,000 - 125,000
As at 30 April 2024 3,335,000 44,287 3,379,287
Depreciation
As at 1 May 2023 - - -
Provided during the period - 750 750
As at 30 April 2024 - 750 750
Net Book Value
As at 30 April 2024 3,335,000 43,537 3,378,537
As at 1 May 2023 3,210,000 - 3,210,000
The properties were valued by the Directors based on the latest professional valuation or the open market value of other similar properties in their respective areas resulting in a surplus of £125,000 (2023: £NIL). The historical cost of the properties included at a valuation of £3,335,000 was £2,621,794.
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 43,537 -
5. Investments
Other
£
Cost
As at 1 May 2023 214,240
Revaluations 8,035
As at 30 April 2024 222,275
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 222,275
As at 1 May 2023 214,240
The investments represent a 15% partnership share in the Airbles Estate Company, and a 5% partnership share in the Prescot Real Estate Company.  The net revaluations reflect the difference between the surplus on the capital accounts and the amounts distributed.
Page 5
Page 6
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors (8,180 ) 2,025
Prepayments and accrued income 1,141 3,000
Other debtors 1,891 25
(5,148 ) 5,050
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,257 -
Trade creditors 6,664 18,431
Corporation tax 6,127 15,918
Other taxes and social security 3,056 5,946
Accruals and deferred income 14,042 10,271
Directors' loan accounts 167,211 81,027
202,357 131,593
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 33,992 -
Bank loans 387,500 487,500
Other creditors 555,000 660,000
Directors loan account 1,400,000 1,300,000
2,376,492 2,447,500
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Other Creditors 555,000 555,000
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 39,249 -
Bank loans and overdrafts 387,500 487,500
Page 6
Page 7
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,257 -
Later than one year and not later than five years 33,992 -
39,249 -
39,249 -
11. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 11,537 -
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
13. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Elliot Nussbaum 10,000 15,000
Mr Jeremy Nussbaum 10,000 15,000
14. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 20,000 30,000
15. Reserves
Revaluation Reserve
£
As at 1 May 2023 588,207
Surplus on revaluation 125,000
As at 30 April 2024 713,207
Page 7