Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 21 September 2022 false 1 October 2023 30 September 2024 30 September 2024 14369096 Mr B K Ganesh Mr D K Ganesh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14369096 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-09-30 14369096 2023-09-30 14369096 2024-09-30 14369096 2023-10-01 2024-09-30 14369096 frs-core:CurrentFinancialInstruments 2024-09-30 14369096 frs-core:Non-currentFinancialInstruments 2024-09-30 14369096 frs-core:ShareCapital 2024-09-30 14369096 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 14369096 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 14369096 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 14369096 frs-bus:SmallEntities 2023-10-01 2024-09-30 14369096 frs-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 14369096 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 14369096 frs-bus:Director1 2023-10-01 2024-09-30 14369096 frs-bus:Director2 2023-10-01 2024-09-30 14369096 frs-countries:EnglandWales 2023-10-01 2024-09-30 14369096 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-09-30 14369096 2022-09-20 14369096 2023-09-30 14369096 2022-09-21 2023-09-30 14369096 frs-core:CurrentFinancialInstruments 2023-09-30 14369096 frs-core:Non-currentFinancialInstruments 2023-09-30 14369096 frs-core:ShareCapital 2023-09-30 14369096 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 14369096
Ganesh Family Limited
Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Ganesh Family Limited for the year ended 30 September 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Ganesh Family Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Ganesh Family Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Ganesh Family Limited and state those matters that we have agreed to state to the directors of Ganesh Family Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ganesh Family Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Ganesh Family Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Ganesh Family Limited . You consider that Ganesh Family Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Ganesh Family Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
13 March 2025
Acumeus Accountants Ltd
53A Drummond Drive
Stanmore
Middlesex
HA7 3PF
Page 1
Page 2
Balance Sheet
Registered number: 14369096
30 September 2024 30 September 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 258,204 258,204
258,204 258,204
CURRENT ASSETS
Cash at bank and in hand 5,431 6,122
5,431 6,122
Creditors: Amounts Falling Due Within One Year 5 (3,322 ) (4,017 )
NET CURRENT ASSETS (LIABILITIES) 2,109 2,105
TOTAL ASSETS LESS CURRENT LIABILITIES 260,313 260,309
Creditors: Amounts Falling Due After More Than One Year 6 (265,239 ) (265,840 )
NET LIABILITIES (4,926 ) (5,531 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (4,927 ) (5,532 )
SHAREHOLDERS' FUNDS (4,926) (5,531)
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Page 3
For the year ending 30 September 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.
The financial statements were approved by the board of directors on 12 March 2025 and were signed on its behalf by:
Mr B K Ganesh
Director
12 March 2025
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Ganesh Family Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14369096 . The registered office is 114 Green Lane, Northwood, HA6 1AW.
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 represents rental income receivable.
Turnover is recognised when the company has a right to consideration.
2.3. Investment Properties
Investment property whose fair value can be measured reliably without undue cost or effort shall be measured at fair value at each reporting date with changes in fair value recognised in profit or loss.
2.4. Taxation
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.
2.5. Going concern
The accounts have been prepared on a going concern basis, since in the opinion of the directors, it is appropriate to assume that the company will receive the continued support of its shareholders for a period in excess of twelve months from the date of approval of these financial statements.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Investment Property
30 September 2024
£
Fair Value
As at 1 October 2023 and 30 September 2024 258,204
In the opinion of the directors, the fair value of the investment property as at 30 September 2024 is not significantly different to that stated above.
5. Creditors: Amounts Falling Due Within One Year
30 September 2024 30 September 2023
£ £
Bank loans and overdrafts 1,825 3,049
Accruals and deferred income 500 501
Directors' loan accounts 997 467
3,322 4,017
6. Creditors: Amounts Falling Due After More Than One Year
30 September 2024 30 September 2023
£ £
Bank loans 146,539 147,140
Directors loan account 118,700 118,700
265,239 265,840
Of the creditors falling due after more than one year the following amounts are due after more than five years.
30 September 2024 30 September 2023
£ £
Bank loans 139,239 134,943
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7. Secured Creditors
The bank loan is secured by a fixed charge over the investment property of the company. The bank loan is repayable over twenty seven years and interest is charged at 1.65% above Bank of England base rate.
Of the creditors the following amounts are secured.
30 September 2024 30 September 2023
£ £
Bank loans and overdrafts 148,364 150,189
8. Share Capital
30 September 2024 30 September 2023
£ £
Allotted, Called up and fully paid 1 1
9. Related Party Transactions
At the year end the company owed £119,697 (2023: £119,167) to the directors of the company. The amount owed is interest free and repayable on demand.
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