Acorah Software Products - Accounts Production 16.1.300 false true false 15 May 2023 31 May 2024 31 May 2024 14868535 Mr Edward Attafuah-Annafi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14868535 2023-05-14 14868535 2024-05-31 14868535 2023-05-15 2024-05-31 14868535 frs-core:CurrentFinancialInstruments 2024-05-31 14868535 frs-core:Non-currentFinancialInstruments 2024-05-31 14868535 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 14868535 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-15 2024-05-31 14868535 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-14 14868535 frs-core:ShareCapital 2024-05-31 14868535 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 14868535 frs-bus:PrivateLimitedCompanyLtd 2023-05-15 2024-05-31 14868535 frs-bus:FilletedAccounts 2023-05-15 2024-05-31 14868535 frs-bus:SmallEntities 2023-05-15 2024-05-31 14868535 frs-bus:AuditExempt-NoAccountantsReport 2023-05-15 2024-05-31 14868535 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-15 2024-05-31 14868535 frs-bus:Director1 2023-05-15 2024-05-31 14868535 frs-countries:EnglandWales 2023-05-15 2024-05-31
Registered number: 14868535
Optivest Properties Limited
Unaudited Financial Statements
For the Period 15 May 2023 to 31 May 2024
Onpoint Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14868535
31 May 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 99,923
99,923
CURRENT ASSETS
Debtors 5 100
Cash at bank and in hand 23,940
24,040
Creditors: Amounts Falling Due Within One Year 6 (88,001 )
NET CURRENT ASSETS (LIABILITIES) (63,961 )
TOTAL ASSETS LESS CURRENT LIABILITIES 35,962
Creditors: Amounts Falling Due After More Than One Year 7 (55,620 )
NET LIABILITIES (19,658 )
CAPITAL AND RESERVES
Called up share capital 8 100
Profit and Loss Account (19,758 )
SHAREHOLDERS' FUNDS (19,658)
Page 1
Page 2
For the period 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 Edward Attafuah-Annafi
Director
17/02/2025
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
Optivest Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14868535 . The registered office is 187c Bedford Road, Kempston, Bedford, Bedfordshire, MK42 8DG.
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. 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 Nil
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 15 May 2023 -
Additions 99,923
As at 31 May 2024 99,923
Net Book Value
As at 31 May 2024 99,923
As at 15 May 2023 -
5. Debtors
31 May 2024
£
Due within one year
Other debtors 100
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
31 May 2024
£
Trade creditors 1
Amounts owed to participating interests 88,000
88,001
7. Creditors: Amounts Falling Due After More Than One Year
31 May 2024
£
Bank loans 55,620
8. Share Capital
31 May 2024
£
Called Up Share Capital not Paid 100
Amount of Allotted, Called Up Share Capital 100
Page 4