Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2022 2 February 2022 false 1 January 2023 31 December 2023 31 December 2023 13887913 Abigail Joy Wong Chan Getground Secretary Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13887913 2022-12-31 13887913 2023-12-31 13887913 2023-01-01 2023-12-31 13887913 frs-core:CurrentFinancialInstruments 2023-12-31 13887913 frs-core:Non-currentFinancialInstruments 2023-12-31 13887913 frs-core:ShareCapital 2023-12-31 13887913 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13887913 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13887913 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13887913 frs-bus:SmallEntities 2023-01-01 2023-12-31 13887913 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13887913 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13887913 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-01-01 2023-12-31 13887913 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 13887913 frs-bus:Director1 2023-01-01 2023-12-31 13887913 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 13887913 frs-countries:EnglandWales 2023-01-01 2023-12-31 13887913 2022-02-01 13887913 2022-12-31 13887913 2022-02-02 2022-12-31 13887913 frs-core:CurrentFinancialInstruments 2022-12-31 13887913 frs-core:Non-currentFinancialInstruments 2022-12-31 13887913 frs-core:ShareCapital 2022-12-31 13887913 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 13887913 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-12-31
Registered number: 13887913
GG-266-897 Limited
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13887913
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 380,000 360,425
380,000 360,425
CURRENT ASSETS
Debtors 5 738 346
Cash at bank and in hand 1,725 955
2,463 1,301
Creditors: Amounts Falling Due Within One Year 6 (144,984 ) (148,244 )
NET CURRENT ASSETS (LIABILITIES) (142,521 ) (146,943 )
TOTAL ASSETS LESS CURRENT LIABILITIES 237,479 213,482
Creditors: Amounts Falling Due After More Than One Year 7 (227,500 ) (221,634 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,719 ) -
NET ASSETS/(LIABILITIES) 6,260 (8,152 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 15,856 -
Profit and Loss Account (9,696 ) (8,252 )
SHAREHOLDERS' FUNDS 6,260 (8,152)
Page 1
Page 2
For the year ending 31 December 2023 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 Profit and Loss Account.
On behalf of the board
Abigail Joy Wong Chan
Director
25/03/2025
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
GG-266-897 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13887913 . The registered office is 1 Lyric Square, London, W6 0NB.
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.
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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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 (2022: NIL)
- -
4. Investment Property
31 December 2023
£
Fair Value
As at 1 January 2023 360,425
Revaluations 19,575
As at 31 December 2023 380,000
Page 3
Page 4
5. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 300 -
Prepayments and accrued income 438 346
738 346
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Other creditors - Residential property investment 226 -
Accruals and deferred income 981 226
Director's loan account 143,777 148,018
144,984 148,244
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 December 2022
£ £
Bank loans 227,500 221,634
8. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Fair Value Reserve
£
Transfer to profit and loss 15,856
As at 31 December 2023 15,856
Page 4