Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10398696 Mr Michael Lisser Mr Michael Lisser true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10398696 2023-05-31 10398696 2024-05-31 10398696 2023-06-01 2024-05-31 10398696 frs-core:CurrentFinancialInstruments 2024-05-31 10398696 frs-core:Non-currentFinancialInstruments 2024-05-31 10398696 frs-core:ShareCapital 2024-05-31 10398696 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10398696 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10398696 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10398696 frs-bus:SmallEntities 2023-06-01 2024-05-31 10398696 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10398696 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10398696 1 2023-06-01 2024-05-31 10398696 frs-bus:Director1 2023-06-01 2024-05-31 10398696 frs-countries:EnglandWales 2023-06-01 2024-05-31 10398696 2022-05-31 10398696 2023-05-31 10398696 2022-06-01 2023-05-31 10398696 frs-core:CurrentFinancialInstruments 2023-05-31 10398696 frs-core:Non-currentFinancialInstruments 2023-05-31 10398696 frs-core:ShareCapital 2023-05-31 10398696 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10398696
SUCCESSFUL INVESTMENTS LIMITED
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10398696
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 243,625 243,625
243,625 243,625
CURRENT ASSETS
Debtors 5 194,966 193,773
194,966 193,773
Creditors: Amounts Falling Due Within One Year 6 (19,106 ) (55,013 )
NET CURRENT ASSETS (LIABILITIES) 175,860 138,760
TOTAL ASSETS LESS CURRENT LIABILITIES 419,485 382,385
Creditors: Amounts Falling Due After More Than One Year 7 (503,563 ) (456,972 )
NET LIABILITIES (84,078 ) (74,587 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (84,079 ) (74,588 )
SHAREHOLDERS' FUNDS (84,078) (74,587)
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For the year ending 31 May 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 Michael Lisser
Director
12th February 2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
SUCCESSFUL INVESTMENTS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 10398696 . The registered office is Unit 207 Tudor Buisness Centre, Fountayne Road, London, N15 4QL.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 June 2023 and 31 May 2024 243,625
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 194,966 193,773
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 1,603 50,252
Other creditors 16,923 4,111
Accruals and deferred income 580 650
19,106 55,013
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 503,563 456,972
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr Michael Lisser by virtue of his ownership of 100% of the issued share capital in the company.
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