Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 11413227 Miss Amanda Woodward Mr Paul Samuda iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11413227 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-06-30 11413227 2023-06-30 11413227 2024-06-30 11413227 2023-07-01 2024-06-30 11413227 frs-core:CurrentFinancialInstruments 2024-06-30 11413227 frs-core:Non-currentFinancialInstruments 2024-06-30 11413227 frs-core:ShareCapital 2024-06-30 11413227 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 11413227 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11413227 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 11413227 frs-bus:SmallEntities 2023-07-01 2024-06-30 11413227 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11413227 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11413227 frs-bus:Director1 2023-07-01 2024-06-30 11413227 frs-bus:Director2 2023-07-01 2024-06-30 11413227 frs-countries:EnglandWales 2023-07-01 2024-06-30 11413227 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-06-30 11413227 2022-06-30 11413227 2023-06-30 11413227 2022-07-01 2023-06-30 11413227 frs-core:CurrentFinancialInstruments 2023-06-30 11413227 frs-core:Non-currentFinancialInstruments 2023-06-30 11413227 frs-core:ShareCapital 2023-06-30 11413227 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 11413227
248 London Road Ltd
Financial Statements
For The Year Ended 30 June 2024
Michael Stuart Associates
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11413227
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 380,000 380,000
380,000 380,000
CURRENT ASSETS
Debtors 5 18,680 18,278
Cash at bank and in hand 2,936 2,435
21,616 20,713
Creditors: Amounts Falling Due Within One Year 6 (28,219 ) (31,701 )
NET CURRENT ASSETS (LIABILITIES) (6,603 ) (10,988 )
TOTAL ASSETS LESS CURRENT LIABILITIES 373,397 369,012
Creditors: Amounts Falling Due After More Than One Year 7 (290,677 ) (290,677 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (25,639 ) (25,639 )
NET ASSETS 57,081 52,696
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 56,981 52,596
SHAREHOLDERS' FUNDS 57,081 52,696
Page 1
Page 2
For the year ending 30 June 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 Paul Samuda
Director
28/03/2025
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
248 London Road Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11413227 . The registered office is C/O Michael Stuart Associates, Suite F4 The Business centre, Templewood Estate, Stock Road, Essex, CM2 8LP.
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. 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: NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 July 2023 and 30 June 2024 380,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 277,441 277,441
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,195 3,793
Other debtors 14,485 14,485
18,680 18,278
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Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,131 1,751
Other creditors 23,989 25,315
Accruals and deferred income 1,329 2,865
Directors' loan accounts 1,770 1,770
28,219 31,701
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 290,677 290,677
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 290,677 290,677
8. Secured Creditors
Of the creditors the following amounts are secured.
Bank loans are secured by way of a legal charge over certain investment property.
2024 2023
£ £
Bank loans and overdrafts 290,677 290,677
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4