Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 December 2021 false 1 June 2023 31 May 2024 31 May 2024 13010214 Mrs Beilla Szlaf Mrs Beilla Szlaf iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13010214 2023-05-31 13010214 2024-05-31 13010214 2023-06-01 2024-05-31 13010214 frs-core:CurrentFinancialInstruments 2024-05-31 13010214 frs-core:Non-currentFinancialInstruments 2024-05-31 13010214 frs-core:OtherReservesSubtotal 2024-05-31 13010214 frs-core:ShareCapital 2024-05-31 13010214 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 13010214 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13010214 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 13010214 frs-bus:SmallEntities 2023-06-01 2024-05-31 13010214 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 13010214 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 13010214 frs-bus:Director1 2023-06-01 2024-05-31 13010214 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 13010214 frs-countries:EnglandWales 2023-06-01 2024-05-31 13010214 2021-11-30 13010214 2023-05-31 13010214 2021-12-01 2023-05-31 13010214 frs-core:CurrentFinancialInstruments 2023-05-31 13010214 frs-core:Non-currentFinancialInstruments 2023-05-31 13010214 frs-core:OtherReservesSubtotal 2023-05-31 13010214 frs-core:ShareCapital 2023-05-31 13010214 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 13010214
Stepney Green Ltd
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: 13010214
31 May 2024 31 May 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,775,866 1,775,866
1,775,866 1,775,866
CURRENT ASSETS
Debtors 5 247,743 196,755
Cash at bank and in hand 12,051 3,976
259,794 200,731
Creditors: Amounts Falling Due Within One Year 6 (198,608 ) (530,281 )
NET CURRENT ASSETS (LIABILITIES) 61,186 (329,550 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,837,052 1,446,316
Creditors: Amounts Falling Due After More Than One Year 7 (1,392,147 ) (998,325 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (129,600 ) (129,600 )
NET ASSETS 315,305 318,391
CAPITAL AND RESERVES
Called up share capital 8 100 100
Other reserves 416,052 416,052
Profit and Loss Account (100,847 ) (97,761 )
SHAREHOLDERS' FUNDS 315,305 318,391
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs Beilla Szlaf
Director
24/02/2025
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
Stepney Green Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13010214 . The registered office is 107 Darenth Road, London, N16 6EB.
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: 6 (2023: 6)
6 6
4. Investment Property
31 May 2024
£
Fair Value
As at 1 June 2023 and 31 May 2024 1,775,866
5. Debtors
31 May 2024 31 May 2023
£ £
Due within one year
Other debtors 247,255 196,755
Other taxes and social security 488 -
247,743 196,755
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
31 May 2024 31 May 2023
£ £
Bank loans and overdrafts - 318,750
Corporation tax 1,376 1,376
Other taxes and social security - 118
Net wages 1,353 1,284
Other creditors 195,069 207,937
Accruals and deferred income 810 816
198,608 530,281
7. Creditors: Amounts Falling Due After More Than One Year
31 May 2024 31 May 2023
£ £
Bank loans 1,392,147 998,325
8. Share Capital
31 May 2024 31 May 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4