Acorah Software Products - Accounts Production 16.1.300 false true false 7 February 2023 29 February 2024 29 February 2024 14645019 Mr Darriel Georges iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14645019 2023-02-06 14645019 2024-02-29 14645019 2023-02-07 2024-02-29 14645019 frs-core:CurrentFinancialInstruments 2024-02-29 14645019 frs-core:Non-currentFinancialInstruments 2024-02-29 14645019 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 14645019 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-07 2024-02-29 14645019 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-06 14645019 frs-core:ShareCapital 2024-02-29 14645019 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 14645019 frs-bus:PrivateLimitedCompanyLtd 2023-02-07 2024-02-29 14645019 frs-bus:FilletedAccounts 2023-02-07 2024-02-29 14645019 frs-bus:SmallEntities 2023-02-07 2024-02-29 14645019 frs-bus:AuditExempt-NoAccountantsReport 2023-02-07 2024-02-29 14645019 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-07 2024-02-29 14645019 frs-bus:Director1 2023-02-07 2024-02-29 14645019 frs-bus:Director1 2023-02-06 14645019 frs-bus:Director1 2024-02-29 14645019 frs-countries:EnglandWales 2023-02-07 2024-02-29
Registered number: 14645019
Genetic Trait Ventures Limited
Financial Statements
For the Period 7 February 2023 to 29 February 2024
Outsourced ACC Ltd
High Street Centre, 137-139 High Street
Beckenham
Kent
BR3 1AG
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14645019
29 February 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 588,524
588,524
CURRENT ASSETS
Debtors 5 76
Cash at bank and in hand 13,328
13,404
Creditors: Amounts Falling Due Within One Year 6 (252,010 )
NET CURRENT ASSETS (LIABILITIES) (238,606 )
TOTAL ASSETS LESS CURRENT LIABILITIES 349,918
Creditors: Amounts Falling Due After More Than One Year 7 (354,618 )
NET LIABILITIES (4,700 )
CAPITAL AND RESERVES
Called up share capital 8 1
Profit and Loss Account (4,701 )
SHAREHOLDERS' FUNDS (4,700)
Page 1
Page 2
For the period ending 29 February 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 Darriel Georges
Director
29th January 2025
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
Genetic Trait Ventures Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14645019 . The registered office is 137 -139 High Street Centre Beckenham, London, London, BR3 1AG.
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 No Depreciation
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 7 February 2023 -
Additions 588,524
As at 29 February 2024 588,524
...CONTINUED
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Page 4
Net Book Value
As at 29 February 2024 588,524
As at 7 February 2023 -
5. Debtors
29 February 2024
£
Due within one year
Other debtors 76
76
6. Creditors: Amounts Falling Due Within One Year
29 February 2024
£
Bank loans and overdrafts 20,390
Other creditors 231,620
252,010
7. Creditors: Amounts Falling Due After More Than One Year
29 February 2024
£
Bank loans > 1 year 354,618
354,618
8. Share Capital
29 February 2024
£
Allotted, Called up and fully paid 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 7 February 2023 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Mr Darriel Georges - 76 - - 76
The above loan is unsecured, interest free and repayable on demand.
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