Acorah Software Products - Accounts Production 16.1.300 false true false 6 November 2023 31 December 2024 31 December 2024 15264431 Kwok Fai Chan Chui King Fong Getground Secretary Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15264431 2023-11-05 15264431 2024-12-31 15264431 2023-11-06 2024-12-31 15264431 frs-core:CurrentFinancialInstruments 2024-12-31 15264431 frs-core:FurnitureFittings 2024-12-31 15264431 frs-core:FurnitureFittings 2023-11-06 2024-12-31 15264431 frs-core:FurnitureFittings 2023-11-05 15264431 frs-core:ShareCapital 2024-12-31 15264431 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 15264431 frs-bus:PrivateLimitedCompanyLtd 2023-11-06 2024-12-31 15264431 frs-bus:FilletedAccounts 2023-11-06 2024-12-31 15264431 frs-bus:SmallEntities 2023-11-06 2024-12-31 15264431 frs-bus:AuditExempt-NoAccountantsReport 2023-11-06 2024-12-31 15264431 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-06 2024-12-31 15264431 frs-bus:Director1 2023-11-06 2024-12-31 15264431 frs-bus:Director2 2023-11-06 2024-12-31 15264431 frs-bus:CompanySecretary1 2023-11-06 2024-12-31 15264431 frs-core:CurrentFinancialInstruments 1 2024-12-31 15264431 frs-core:CurrentFinancialInstruments 2 2024-12-31 15264431 frs-core:CurrentFinancialInstruments 3 2024-12-31 15264431 frs-core:CurrentFinancialInstruments 4 2024-12-31 15264431 frs-countries:EnglandWales 2023-11-06 2024-12-31
Registered number: 15264431
GG-672-858 Limited
Financial Statements
For the Period 6 November 2023 to 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 15264431
31 December 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 4,606
Investment Properties 5 148,259
152,865
CURRENT ASSETS
Debtors 6 1,187
Cash at bank and in hand 359
1,546
Creditors: Amounts Falling Due Within One Year 7 (150,045 )
NET CURRENT ASSETS (LIABILITIES) (148,499 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,366
NET ASSETS 4,366
CAPITAL AND RESERVES
Called up share capital 8 100
Profit and Loss Account 4,266
SHAREHOLDERS' FUNDS 4,366
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For the period ending 31 December 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
Kwok Fai Chan
Director
Chui King Fong
Director
10/02/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
GG-672-858 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15264431 . The registered office is 1 Lyric Square, London, W6 0NB.
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:
Fixtures & Fittings 25% 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 and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 6 November 2023 -
Additions 5,820
As at 31 December 2024 5,820
Depreciation
As at 6 November 2023 -
Provided during the period 1,214
As at 31 December 2024 1,214
Net Book Value
As at 31 December 2024 4,606
As at 6 November 2023 -
5. Investment Property
31 December 2024
£
Fair Value
As at 6 November 2023 -
Additions 148,259
As at 31 December 2024 148,259
6. Debtors
31 December 2024
£
Due within one year
Prepayments and accrued income 1,147
Called up share capital not paid 40
1,187
7. Creditors: Amounts Falling Due Within One Year
31 December 2024
£
Corporation tax 1,387
Other creditors - GG-115-658 Limited 8,000
Other creditors - GG-739-157 Limited 4,200
Other creditors - GG-913-513 Limited 500
Other creditors - GG-639-158 Limited 500
...CONTINUED
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Other creditors - GG-809-270 Limited 2,000
Accruals and deferred income 108
Directors' loan accounts 133,350
150,045
8. Share Capital
31 December 2024
£
Called Up Share Capital not Paid 40
Called Up Share Capital has been paid up 60
Amount of Allotted, Called Up Share Capital 100
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