Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 06942564 Mr Ian Orr Mr Robert Wilkinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06942564 2023-09-30 06942564 2024-09-30 06942564 2023-10-01 2024-09-30 06942564 frs-core:CurrentFinancialInstruments 2024-09-30 06942564 frs-core:ComputerEquipment 2024-09-30 06942564 frs-core:ComputerEquipment 2023-10-01 2024-09-30 06942564 frs-core:ComputerEquipment 2023-09-30 06942564 frs-core:FurnitureFittings 2024-09-30 06942564 frs-core:FurnitureFittings 2023-10-01 2024-09-30 06942564 frs-core:FurnitureFittings 2023-09-30 06942564 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 06942564 frs-core:MotorVehicles 2024-09-30 06942564 frs-core:MotorVehicles 2023-10-01 2024-09-30 06942564 frs-core:MotorVehicles 2023-09-30 06942564 frs-core:ShareCapital 2024-09-30 06942564 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 06942564 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06942564 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 06942564 frs-bus:SmallEntities 2023-10-01 2024-09-30 06942564 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 06942564 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 06942564 frs-bus:Director1 2023-10-01 2024-09-30 06942564 frs-bus:Director2 2023-10-01 2024-09-30 06942564 frs-countries:EnglandWales 2023-10-01 2024-09-30 06942564 2022-09-30 06942564 2023-09-30 06942564 2022-10-01 2023-09-30 06942564 frs-core:CurrentFinancialInstruments 2023-09-30 06942564 frs-core:Non-currentFinancialInstruments 2023-09-30 06942564 frs-core:ShareCapital 2023-09-30 06942564 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 06942564
Docklands Prestige Residential Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
GC Accountancy Management Service Ltd
Howes Farm Office
Doddinghurst Road Pilgrims Hatch
Brentwood
Essex
CM15 0SG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06942564
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 60,149 49,223
60,149 49,223
CURRENT ASSETS
Debtors 5 38,050 29,904
Cash at bank and in hand 1,139,280 175,811
1,177,330 205,715
Creditors: Amounts Falling Due Within One Year 6 (1,060,147 ) (56,652 )
NET CURRENT ASSETS (LIABILITIES) 117,183 149,063
TOTAL ASSETS LESS CURRENT LIABILITIES 177,332 198,286
NET ASSETS 177,332 198,286
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 177,330 198,284
SHAREHOLDERS' FUNDS 177,332 198,286
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For the year ending 30 September 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 Ian Orr
Director
02/12/2024
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
Docklands Prestige Residential Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06942564 . The registered office is Howes Farm Office, Doddinghurst Road Pilgrims Hatch, Brentwood, Essex, CM15 0SG.
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 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 on the following bases:
Leasehold 5 years from moving into property
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 1/3
2.4. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.5. Other commitments
At the financial reporting date there was a charge registered against the company by Waterfront Studios Limited for the sum of £2,556 (2017: £2,566) in respect of a rental deposit.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Sales, marketing and distribution 5 5
6 6
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 45,438 58,751 26,881 131,070
Additions 9,799 10,383 4,673 24,855
As at 30 September 2024 55,237 69,134 31,554 155,925
Depreciation
As at 1 October 2023 31,061 27,173 23,613 81,847
Provided during the period 3,594 7,895 2,440 13,929
As at 30 September 2024 34,655 35,068 26,053 95,776
Net Book Value
As at 30 September 2024 20,582 34,066 5,501 60,149
As at 1 October 2023 14,377 31,578 3,268 49,223
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 25,679 19,039
Directors' loan accounts 12,371 5,365
38,050 24,404
Due after more than one year
Other debtors - 5,500
38,050 29,904
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,411 9,314
Bank loans and overdrafts - 527
Corporation tax 3,705 (2,934 )
Other taxes and social security 5,831 3,066
VAT 39,260 32,405
Net wages 2,478 2,052
Other creditors 963,697 290
Accruals and deferred income 25,383 1,550
Directors' loan accounts 3,382 10,382
1,060,147 56,652
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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