Acorah Software Products - Accounts Production 16.1.300 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 04036680 Mr Paul Martin Mrs Paula Martin Mrs Paula Martin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04036680 2023-10-31 04036680 2024-10-31 04036680 2023-11-01 2024-10-31 04036680 frs-core:CurrentFinancialInstruments 2024-10-31 04036680 frs-core:Non-currentFinancialInstruments 2024-10-31 04036680 frs-core:BetweenOneFiveYears 2024-10-31 04036680 frs-core:ComputerEquipment 2024-10-31 04036680 frs-core:ComputerEquipment 2023-11-01 2024-10-31 04036680 frs-core:ComputerEquipment 2023-10-31 04036680 frs-core:FurnitureFittings 2024-10-31 04036680 frs-core:FurnitureFittings 2023-11-01 2024-10-31 04036680 frs-core:FurnitureFittings 2023-10-31 04036680 frs-core:PlantMachinery 2024-10-31 04036680 frs-core:PlantMachinery 2023-11-01 2024-10-31 04036680 frs-core:PlantMachinery 2023-10-31 04036680 frs-core:WithinOneYear 2024-10-31 04036680 frs-core:RevaluationReserve 2023-11-01 2024-10-31 04036680 frs-core:RevaluationReserve 2023-10-31 04036680 frs-core:RevaluationReserve 2024-10-31 04036680 frs-core:ShareCapital 2024-10-31 04036680 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 04036680 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04036680 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 04036680 frs-bus:SmallEntities 2023-11-01 2024-10-31 04036680 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 04036680 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 04036680 frs-bus:Director1 2023-11-01 2024-10-31 04036680 frs-bus:Director2 2023-11-01 2024-10-31 04036680 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 04036680 frs-core:CurrentFinancialInstruments 1 2024-10-31 04036680 frs-countries:EnglandWales 2023-11-01 2024-10-31 04036680 2022-10-31 04036680 2023-10-31 04036680 2022-11-01 2023-10-31 04036680 frs-core:CurrentFinancialInstruments 2023-10-31 04036680 frs-core:Non-currentFinancialInstruments 2023-10-31 04036680 frs-core:BetweenOneFiveYears 2023-10-31 04036680 frs-core:WithinOneYear 2023-10-31 04036680 frs-core:RevaluationReserve 2023-10-31 04036680 frs-core:ShareCapital 2023-10-31 04036680 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 04036680 frs-core:CurrentFinancialInstruments 1 2023-10-31
Registered number: 04036680
Urban Enhance Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04036680
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 83,680 45,552
Investment Properties 5 20,600,257 19,634,913
20,683,937 19,680,465
CURRENT ASSETS
Stocks 6 931,138 931,138
Debtors 7 671,961 174,770
Cash at bank and in hand 4,679 4,844
1,607,778 1,110,752
Creditors: Amounts Falling Due Within One Year 8 (2,329,728 ) (2,485,661 )
NET CURRENT ASSETS (LIABILITIES) (721,950 ) (1,374,909 )
TOTAL ASSETS LESS CURRENT LIABILITIES 19,961,987 18,305,556
Creditors: Amounts Falling Due After More Than One Year 9 (10,116,910 ) (8,584,183 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,280,634 ) (1,271,102 )
NET ASSETS 8,564,443 8,450,271
CAPITAL AND RESERVES
Called up share capital 11 140 140
Revaluation reserve 12 8,848,625 8,784,147
Profit and Loss Account (284,322 ) (334,016 )
SHAREHOLDERS' FUNDS 8,564,443 8,450,271
Page 1
Page 2
For the year ending 31 October 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 Paul Martin
Director
03/03/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Urban Enhance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04036680 . The registered office is The Old Barn Wood Street, Swanley, BR8 7PA.
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.
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:
Plant & Machinery 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 15% on reducing balance
2.4. 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.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
Page 4
2.7. 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 years 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 November 2023 93,266 94,188 266 187,720
Additions 53,040 - - 53,040
As at 31 October 2024 146,306 94,188 266 240,760
Depreciation
As at 1 November 2023 74,859 67,087 222 142,168
Provided during the period 10,839 4,066 7 14,912
As at 31 October 2024 85,698 71,153 229 157,080
Net Book Value
As at 31 October 2024 60,608 23,035 37 83,680
As at 1 November 2023 18,407 27,101 44 45,552
Page 4
Page 5
5. Investment Property
2024
£
Fair Value
As at 1 November 2023 19,634,913
Additions 1,335,328
Disposals (560,000 )
Revaluations 190,016
As at 31 October 2024 20,600,257
6. Stocks
2024 2023
£ £
Work in progress 931,138 931,138
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 6,023 6,023
Intercompany 665,802 167,966
Other taxes and social security 136 781
671,961 174,770
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 15,827 -
Trade creditors 71,722 55,121
Bank loans and overdrafts 98,863 384,896
Corporation tax 77,151 147,807
VAT 6,800 7,261
Other creditors 34,137 7,411
Inter-company 703,134 702,734
Directors' loan accounts 1,322,094 1,180,431
2,329,728 2,485,661
Page 5
Page 6
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 27,697 -
Bank loans 10,089,213 8,584,183
10,116,910 8,584,183
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 15,827 -
Later than one year and not later than five years 27,697 -
43,524 -
43,524 -
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 140 140
12. Reserves
Revaluation Reserve
£
As at 1 November 2023 8,784,147
Surplus on revaluation 64,478
As at 31 October 2024 8,848,625
13. Related Party Transactions
Included in the Other Debtors is an amount owed by Luxborough Leisure Ltd totalling £105,815 (2023 - £105,815), for which Mr P Martin is a director. No interest is to be charged and no repayment terms have been
agreed.
Included in the Other Debtors is an amount owed to Medway Plastering Ltd totalling £559,988 (2023 - £62,151), for which Mr P Martin is a director. No interest is to be charged and no repayment terms have been agreed.
Included in the Other Creditors is an amount owed to Medlake Homes Ltd totalling £703,134 (2023 - £1702,734), for which Mr P Martin is a director. No interest is to be charged and no repayment terms have been agreed.
Included in the Other Creditors is an amount owed to the company director Mr P Martin totalling £1,180,431 (2022 - £670,711), no interest is to be charged.
Page 6