Acorah Software Products - Accounts Production 16.1.300 false true true 31 May 2023 19 May 2022 false 1 June 2023 31 May 2024 31 May 2024 14117098 Mrs L L Smyth Mr A Smyth iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14117098 2023-05-31 14117098 2024-05-31 14117098 2023-06-01 2024-05-31 14117098 frs-core:Non-currentFinancialInstruments 2024-05-31 14117098 frs-core:ShareCapital 2024-05-31 14117098 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 14117098 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14117098 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 14117098 frs-bus:SmallEntities 2023-06-01 2024-05-31 14117098 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 14117098 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 14117098 frs-bus:Director1 2023-06-01 2024-05-31 14117098 frs-bus:Director2 2023-06-01 2024-05-31 14117098 frs-countries:EnglandWales 2023-06-01 2024-05-31 14117098 2022-05-18 14117098 2023-05-31 14117098 2022-05-19 2023-05-31 14117098 frs-core:Non-currentFinancialInstruments 2023-05-31 14117098 frs-core:ShareCapital 2023-05-31 14117098 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 14117098
Four Faces 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: 14117098
31 May 2024 31 May 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 81,008 81,008
81,008 81,008
CURRENT ASSETS
Cash at bank and in hand 2,883 3,166
2,883 3,166
Creditors: Amounts Falling Due Within One Year 5 (31,108 ) (33,240 )
NET CURRENT ASSETS (LIABILITIES) (28,225 ) (30,074 )
TOTAL ASSETS LESS CURRENT LIABILITIES 52,783 50,934
Creditors: Amounts Falling Due After More Than One Year 6 (53,493 ) (53,490 )
NET LIABILITIES (710 ) (2,556 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (712 ) (2,558 )
SHAREHOLDERS' FUNDS (710) (2,556)
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 A Smyth
Director
26/02/2025
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
Four Faces Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14117098 . The registered office is 20-22 Wenlock Road, London, N1 7GU.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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 during the year was: NIL (2023: NIL)
- -
4. Investment Property
31 May 2024
£
Fair Value
As at 1 June 2023 and 31 May 2024 81,008
The directors have reviewed the property with a view to considering fair value movement and have concluded that no material change has taken place.
5. Creditors: Amounts Falling Due Within One Year
31 May 2024 31 May 2023
£ £
Other creditors 31,108 33,240
Included in other creditors is an interest free directors' loan of £30,042 (2023 £32,042) - although this loan is repayable upon demand, the directors have confirmed that they will not withdraw their financial support to the detriment of the company or its other creditors. 
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Page 4
6. Creditors: Amounts Falling Due After More Than One Year
31 May 2024 31 May 2023
£ £
Bank loans 53,493 53,490
The bank loan is an interest only mortgage, repayable in more than 5 years.
7. Secured Creditors
Of the creditors the following amounts are secured.  The loan is secured on the underlying asset.
31 May 2024 31 May 2023
£ £
Bank loans and overdrafts 53,493 53,490
8. Share Capital
31 May 2024 31 May 2023
£ £
Allotted, Called up and fully paid 2 2
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