Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 05239396 Mr Adeniyi Akadiri Mr Oluwaseun Akadiri Folasade Floode O Akadiri true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05239396 2023-09-30 05239396 2024-09-30 05239396 2023-10-01 2024-09-30 05239396 frs-core:CurrentFinancialInstruments 2024-09-30 05239396 frs-core:Non-currentFinancialInstruments 2024-09-30 05239396 frs-core:FurnitureFittings 2024-09-30 05239396 frs-core:FurnitureFittings 2023-10-01 2024-09-30 05239396 frs-core:FurnitureFittings 2023-09-30 05239396 frs-core:RevaluationReserve 2023-09-30 05239396 frs-core:RevaluationReserve 2024-09-30 05239396 frs-core:ShareCapital 2024-09-30 05239396 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 05239396 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05239396 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 05239396 frs-bus:SmallEntities 2023-10-01 2024-09-30 05239396 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05239396 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05239396 1 2023-10-01 2024-09-30 05239396 frs-bus:Director1 2023-10-01 2024-09-30 05239396 frs-bus:Director2 2023-10-01 2024-09-30 05239396 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 05239396 frs-countries:EnglandWales 2023-10-01 2024-09-30 05239396 2022-09-30 05239396 2023-09-30 05239396 2022-10-01 2023-09-30 05239396 frs-core:CurrentFinancialInstruments 2023-09-30 05239396 frs-core:Non-currentFinancialInstruments 2023-09-30 05239396 frs-core:RevaluationReserve 2023-09-30 05239396 frs-core:ShareCapital 2023-09-30 05239396 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 05239396
Yokad Ventures Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05239396
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,303 3,071
Investment Properties 5 1,350,000 1,350,000
1,352,303 1,353,071
CURRENT ASSETS
Cash at bank and in hand 7,834 3,292
7,834 3,292
Creditors: Amounts Falling Due Within One Year 6 (608,198 ) (592,322 )
NET CURRENT ASSETS (LIABILITIES) (600,364 ) (589,030 )
TOTAL ASSETS LESS CURRENT LIABILITIES 751,939 764,041
Creditors: Amounts Falling Due After More Than One Year 7 (632,172 ) (648,970 )
NET ASSETS 119,767 115,071
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 100,149 100,149
Profit and Loss Account 19,518 14,822
SHAREHOLDERS' FUNDS 119,767 115,071
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Page 2
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.
On behalf of the board
Mr Oluwaseun Akadiri
Director
18/03/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Yokad Ventures Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05239396 . The registered office is 15 Rookery Mead, Coulsdon, CR5 1NY.
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:
Fixtures & Fittings 25%
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 October 2023 27,269
As at 30 September 2024 27,269
Depreciation
As at 1 October 2023 24,198
Provided during the period 768
As at 30 September 2024 24,966
Net Book Value
As at 30 September 2024 2,303
As at 1 October 2023 3,071
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5. Investment Property
2024
£
Fair Value
As at 1 October 2023 and 30 September 2024 1,350,000
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 71 -
Bank loans and overdrafts 16,811 16,221
Other creditors 378,819 378,819
Accruals and deferred income 1,200 1,200
Directors' loan accounts 211,297 196,082
608,198 592,322
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 632,172 648,970
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation Reserve
£
As at 1 October 2023 100,149
As at 30 September 2024 100,149
10. Related Party Transactions
During the year the following directors loaned the company the following amounts which are interest free and repayable on demand:-
Oluwaseun Akadiri: £211,297 (2023: £196,082)
Ayoka Olufunmilayo Akadiri who resigned as a director on 7 April 2016 loaned the company £378,730 (2023: £378,730) which is interest free and repayable on demand.
11. Ultimate Controlling Party
The company's ultimate controlling party is   O Akadiri .
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