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 4695672 Mr Osias Schreiber Mrs Gyta Schreiber iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 4695672 2023-05-31 4695672 2024-05-31 4695672 2023-06-01 2024-05-31 4695672 frs-core:CurrentFinancialInstruments 2024-05-31 4695672 frs-core:Non-currentFinancialInstruments 2024-05-31 4695672 frs-core:ComputerEquipment 2024-05-31 4695672 frs-core:ComputerEquipment 2023-06-01 2024-05-31 4695672 frs-core:ComputerEquipment 2023-05-31 4695672 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 4695672 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 4695672 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 4695672 frs-core:ShareCapital 2024-05-31 4695672 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 4695672 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 4695672 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 4695672 frs-bus:SmallEntities 2023-06-01 2024-05-31 4695672 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 4695672 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 4695672 frs-bus:Director1 2023-06-01 2024-05-31 4695672 frs-bus:Director2 2023-06-01 2024-05-31 4695672 frs-countries:EnglandWales 2023-06-01 2024-05-31 4695672 2022-05-31 4695672 2023-05-31 4695672 2022-06-01 2023-05-31 4695672 frs-core:CurrentFinancialInstruments 2023-05-31 4695672 frs-core:Non-currentFinancialInstruments 2023-05-31 4695672 frs-core:ShareCapital 2023-05-31 4695672 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 4695672
GTS Properties 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: 4695672
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 399,071 399,071
399,071 399,071
CURRENT ASSETS
Debtors 5 35,414 35,414
Cash at bank and in hand 7,807 6,510
43,221 41,924
Creditors: Amounts Falling Due Within One Year 6 (107,276 ) (99,396 )
NET CURRENT ASSETS (LIABILITIES) (64,055 ) (57,472 )
TOTAL ASSETS LESS CURRENT LIABILITIES 335,016 341,599
Creditors: Amounts Falling Due After More Than One Year 7 (326,205 ) (326,717 )
NET ASSETS 8,811 14,882
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 8,711 14,782
SHAREHOLDERS' FUNDS 8,811 14,882
Page 1
Page 2
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 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 Osias Schreiber
Director
Mrs Gyta Schreiber
Director
17th February 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
GTS Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 4695672 . The registered office is 34 Jessam Avenue, London, E5 9DU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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:
Freehold Nil.
Computer Equipment 25% of Net Book Value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 399,036 470 399,506
As at 31 May 2024 399,036 470 399,506
Depreciation
As at 1 June 2023 - 435 435
As at 31 May 2024 - 435 435
Net Book Value
As at 31 May 2024 399,036 35 399,071
As at 1 June 2023 399,036 35 399,071
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 35,414 35,414
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 106,876 98,996
Accruals and deferred income 400 400
107,276 99,396
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 326,205 326,717
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4