Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 03817866 Mr Dean Sibley Mr Simon Sibley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03817866 2023-08-31 03817866 2024-08-31 03817866 2023-09-01 2024-08-31 03817866 frs-core:Non-currentFinancialInstruments 2024-08-31 03817866 frs-core:FurnitureFittings 2023-09-01 2024-08-31 03817866 frs-core:ShareCapital 2024-08-31 03817866 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 03817866 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 03817866 frs-bus:AbridgedAccounts 2023-09-01 2024-08-31 03817866 frs-bus:SmallEntities 2023-09-01 2024-08-31 03817866 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 03817866 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 03817866 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-09-01 2024-08-31 03817866 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-08-31 03817866 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-08-31 03817866 frs-bus:Director1 2023-09-01 2024-08-31 03817866 frs-bus:Director2 2023-09-01 2024-08-31 03817866 frs-countries:EnglandWales 2023-09-01 2024-08-31 03817866 2022-08-31 03817866 2023-08-31 03817866 2022-09-01 2023-08-31 03817866 frs-core:Non-currentFinancialInstruments 2023-08-31 03817866 frs-core:ShareCapital 2023-08-31 03817866 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 03817866 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-08-31
Registered number: 03817866
Desiva Investments Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 03817866
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,573,965 3,225,147
3,573,965 3,225,147
CURRENT ASSETS
Debtors 16,721 6,618
Cash at bank and in hand 74,357 14,624
91,078 21,242
Creditors: Amounts Falling Due Within One Year (2,666,357 ) (2,221,836 )
NET CURRENT ASSETS (LIABILITIES) (2,575,279 ) (2,200,594 )
TOTAL ASSETS LESS CURRENT LIABILITIES 998,686 1,024,553
Creditors: Amounts Falling Due After More Than One Year (140,215 ) (142,501 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (80,426 ) (133,968 )
NET ASSETS 778,045 748,084
CAPITAL AND RESERVES
Called up share capital 5 106 106
Fair value reserve 6 445,864 496,566
Profit and Loss Account 332,075 251,412
SHAREHOLDERS' FUNDS 778,045 748,084
Page 1
Page 2
For the year ending 31 August 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 August 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Dean Sibley
Director
Mr Simon Sibley
Director
12/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Desiva Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03817866 . The registered office is Unit 37 Rassau Industrial Estate, Rassau, Ebbw Vale, NP23 5SD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. 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:
Fixtures & Fittings 20% Reducing balance basis
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.
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: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Total
£
Cost or Valuation
As at 1 September 2023 3,234,586
Additions 453,062
Revaluation (104,245 )
As at 31 August 2024 3,583,403
Depreciation
As at 1 September 2023 9,439
Provided during the period (1 )
As at 31 August 2024 9,438
Net Book Value
As at 31 August 2024 3,573,965
As at 1 September 2023 3,225,147
During the year the investment property portfolio was valued by the directors, who are suitably knowledgeable in the area, with a fair value, including additions, of £3,573,965 (2023: £3,225,147).
The profit/(loss) arising on fair value has been recognised in the profit and loss account.
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 106 106
6. Reserves
Fair Value Reserve
£
As at 1 September 2023 496,566
Transfer to profit and loss (50,702 )
As at 31 August 2024 445,864
7. Related Party Transactions
Key management personnelDirectorsThe directors made interest free, unsecured and repayable on demand loans during the year to the company. At the balance sheet date the amount due to the directors was £140,215 (2023: £142,501)

Key management personnel

Directors

The directors made interest free, unsecured and repayable on demand loans during the year to the company. At the balance sheet date the amount due to the directors was £140,215 (2023: £142,501)

Companies under common controlCommon ControlDuring the year the company received new interest free, repayable on demand loans, from companies under common control totalling £414,223. At the balance sheet date the amount due to related parties was £2,605,223 (2023: £2,191,000).

Companies under common control

Common Control

During the year the company received new interest free, repayable on demand loans, from companies under common control totalling £414,223. At the balance sheet date the amount due to related parties was £2,605,223 (2023: £2,191,000).

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