Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 11960866 Akilina Directors Limited Mr Ryan Hannah iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11960866 2023-04-30 11960866 2024-04-30 11960866 2023-05-01 2024-04-30 11960866 frs-core:CurrentFinancialInstruments 2024-04-30 11960866 frs-core:Non-currentFinancialInstruments 2024-04-30 11960866 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 11960866 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11960866 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 11960866 frs-core:RevaluationReserve 2023-05-01 2024-04-30 11960866 frs-core:RevaluationReserve 2024-04-30 11960866 frs-core:ShareCapital 2024-04-30 11960866 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 11960866 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11960866 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 11960866 frs-bus:SmallEntities 2023-05-01 2024-04-30 11960866 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11960866 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11960866 frs-bus:Director1 2023-05-01 2024-04-30 11960866 frs-bus:Director2 2023-05-01 2024-04-30 11960866 frs-countries:EnglandWales 2023-05-01 2024-04-30 11960866 2022-04-30 11960866 2023-04-30 11960866 2022-05-01 2023-04-30 11960866 frs-core:CurrentFinancialInstruments 2023-04-30 11960866 frs-core:Non-currentFinancialInstruments 2023-04-30 11960866 frs-core:RevaluationReserve 2023-04-30 11960866 frs-core:ShareCapital 2023-04-30 11960866 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 11960866
Patel Investments (Qg) Ltd
Financial Statements
For The Year Ended 30 April 2024
C.Charles & Co Limited
Chartered Certified Accountants
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 11960866
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,950,000 4,000,000
4,950,000 4,000,000
CURRENT ASSETS
Debtors 5 20,616 2,632
Cash at bank and in hand 141,395 105,725
162,011 108,357
Creditors: Amounts Falling Due Within One Year 6 (88,590 ) -
NET CURRENT ASSETS (LIABILITIES) 73,421 108,357
TOTAL ASSETS LESS CURRENT LIABILITIES 5,023,421 4,108,357
Creditors: Amounts Falling Due After More Than One Year 7 (4,293,429 ) (4,209,840 )
NET ASSETS/(LIABILITIES) 729,992 (101,483 )
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Revaluation reserve 9 950,000 -
Income Statement (221,008 ) (102,483 )
SHAREHOLDERS' FUNDS 729,992 (101,483)
Page 1
Page 2
For the year ending 30 April 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 Income Statement.
On behalf of the board
Akilina Directors Limited
Director
Mr Ryan Hannah
Director
5 March 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
Patel Investments (Qg) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11960866 . The registered office is 18 Nursery Court Kibworth Harcourt, Leicester, LE8 0EX.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. 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:
Freehold .
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold
£
Cost or Valuation
As at 1 May 2023 4,000,000
Revaluation 950,000
As at 30 April 2024 4,950,000
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 April 2024 4,950,000
As at 1 May 2023 4,000,000
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 20,616 2,632
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 174 -
Other creditors 88,416 -
88,590 -
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,605,000 3,605,000
Other creditors 688,429 604,840
4,293,429 4,209,840
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Reserves
Revaluation Reserve
£
Net investment property revaluation reserve 950,000
As at 30 April 2024 950,000
Page 4