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 04557524 Mr Paul Knight Mr Paul Knight iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04557524 2023-10-31 04557524 2024-10-31 04557524 2023-11-01 2024-10-31 04557524 frs-core:CurrentFinancialInstruments 2024-10-31 04557524 frs-core:ComputerEquipment 2023-11-01 2024-10-31 04557524 frs-core:FurnitureFittings 2024-10-31 04557524 frs-core:FurnitureFittings 2023-11-01 2024-10-31 04557524 frs-core:FurnitureFittings 2023-10-31 04557524 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-10-31 04557524 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 04557524 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 04557524 frs-core:RevaluationReserve 2023-10-31 04557524 frs-core:RevaluationReserve 2024-10-31 04557524 frs-core:ShareCapital 2024-10-31 04557524 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 04557524 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04557524 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 04557524 frs-bus:SmallEntities 2023-11-01 2024-10-31 04557524 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 04557524 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 04557524 frs-bus:Director1 2023-11-01 2024-10-31 04557524 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 04557524 frs-countries:EnglandWales 2023-11-01 2024-10-31 04557524 2022-10-31 04557524 2023-10-31 04557524 2022-11-01 2023-10-31 04557524 frs-core:CurrentFinancialInstruments 2023-10-31 04557524 frs-core:RevaluationReserve 2023-10-31 04557524 frs-core:ShareCapital 2023-10-31 04557524 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 04557524
The London Letting Agency Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 04557524
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 350,283 350,377
350,283 350,377
CURRENT ASSETS
Cash at bank and in hand 11,246 5,930
11,246 5,930
Creditors: Amounts Falling Due Within One Year 5 (177,076 ) (171,455 )
NET CURRENT ASSETS (LIABILITIES) (165,830 ) (165,525 )
TOTAL ASSETS LESS CURRENT LIABILITIES 184,453 184,852
NET ASSETS 184,453 184,852
CAPITAL AND RESERVES
Called up share capital 6 300 300
Revaluation reserve 7 183,050 183,050
Income Statement 1,103 1,502
SHAREHOLDERS' FUNDS 184,453 184,852
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Income Statement.
On behalf of the board
Mr Paul Knight
Director
6th March 2025
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
The London Letting Agency Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04557524 . The registered office is 82 Wandsworth Bridge Road, London, SW6 2TF.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 measured at cost less accumulated depreciation and any accumulated impairment losses. No Depreciation is provided on Leasehold Land & Property as it is anticipated that its expected net realisable value will exceed its original cost. 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 0%
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
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4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2023 350,000 5,014 355,014
As at 31 October 2024 350,000 5,014 355,014
Depreciation
As at 1 November 2023 - 4,637 4,637
Provided during the period - 94 94
As at 31 October 2024 - 4,731 4,731
Net Book Value
As at 31 October 2024 350,000 283 350,283
As at 1 November 2023 350,000 377 350,377
The Director has stated that there are no significant changes on the market value of the property.
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 3,896 3,803
Other creditors 5,430 6,578
Accruals and deferred income 9,904 7,664
Director's loan account 157,846 153,410
177,076 171,455
Amounts due to director are unsecured, interest free and repayable on demand.
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
7. Reserves
Revaluation Reserve
£
As at 1 November 2023 183,050
As at 31 October 2024 183,050
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