Acorah Software Products - Accounts Production 16.1.300 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 12483974 M Almotairi A Alsabah A Alsaied iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12483974 2023-02-28 12483974 2024-02-28 12483974 2023-03-01 2024-02-28 12483974 frs-core:CurrentFinancialInstruments 2024-02-28 12483974 frs-core:ShareCapital 2024-02-28 12483974 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 12483974 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 12483974 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 12483974 frs-bus:SmallEntities 2023-03-01 2024-02-28 12483974 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 12483974 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 12483974 frs-bus:Director1 2023-03-01 2024-02-28 12483974 frs-bus:Director2 2023-03-01 2024-02-28 12483974 frs-bus:Director3 2023-03-01 2024-02-28 12483974 frs-countries:EnglandWales 2023-03-01 2024-02-28 12483974 2022-02-28 12483974 2023-02-28 12483974 2022-03-01 2023-02-28 12483974 frs-core:CurrentFinancialInstruments 2023-02-28 12483974 frs-core:ShareCapital 2023-02-28 12483974 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 12483974
ASL-78 Limited
Financial Statements
For The Year Ended 28 February 2024
Accounts Unlocked Limited
Office 43, The Cobalt Building
1600 Eureka Park, Lower Pemberton
Ashford
Kent
TN25 4BF
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 12483974
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,150,000 1,000,000
1,150,000 1,000,000
CURRENT ASSETS
Debtors 5 24,000 -
Cash at bank and in hand 1,100 1,100
25,100 1,100
Creditors: Amounts Falling Due Within One Year 6 (1,239,755 ) (980,867 )
NET CURRENT ASSETS (LIABILITIES) (1,214,655 ) (979,767 )
TOTAL ASSETS LESS CURRENT LIABILITIES (64,655 ) 20,233
NET (LIABILITIES)/ASSETS (64,655 ) 20,233
CAPITAL AND RESERVES
Called up share capital 7 1,100 1,100
Income Statement (65,755 ) 19,133
SHAREHOLDERS' FUNDS (64,655) 20,233
Page 1
Page 2
For the year ending 28 February 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
M Almotairi
Director
17 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
ASL-78 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12483974 . The registered office is Office 43, The Cobalt Building 1600 Eureka Park, Lower Pemberton, Ashford, Kent, TN25 4BF.
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 income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Investment Property
2024
£
Fair Value
As at 1 March 2023 1,000,000
Additions 187,500
Fair value adjustments (37,500 )
As at 28 February 2024 1,150,000
The fair value of the investment property has been arrived at on the basis of a valuation carried out at 26 February 2024 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 24,000 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,037 542
Amounts owed to group undertakings 936,872 723,260
Other creditors 293,846 257,065
1,239,755 980,867
Page 3
Page 4
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,100 1,100
8. Related Party Transactions
During the year the company borrowed funds from A.S. International Asset Management Limited, a company in which A Alsabah, A Alsaied and M Almotairi are directors and shareholders. At the Balance Sheet date the company owed £936,872 (2023 - £63,260).
During the year the company borrowed funds from ASL - 76 Limited, a company in which A Alsabah, A Alsaied and M Almotairi are directors and shareholders. At the Balance Sheet date the company owed £nil (2023 - £660,000).
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