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Registered number: 06930307
81 Belsize Park Gardens Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
More Group (Accounting) Limited
Unaudited Financial Statements
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director Mr Tobias Woerner
Secretary Atc Corporate Secretaries Limited
Company Number 06930307
Registered Office 1 Giltspur Street
Farringdon
London
EC1A 9DD
Accountants More Group (Accounting) Limited
1 Giltspur Street
Farringdon
London
EC1A 9DD
Page 1
Page 2
Balance Sheet
Registered number: 06930307
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,750,000 921,249
1,750,000 921,249
CURRENT ASSETS
Cash at bank and in hand 364,234 316,599
364,234 316,599
Creditors: Amounts Falling Due Within One Year 5 (371,598 ) (308,536 )
NET CURRENT ASSETS (LIABILITIES) (7,364 ) 8,063
TOTAL ASSETS LESS CURRENT LIABILITIES 1,742,636 929,312
Creditors: Amounts Falling Due After More Than One Year 6 (224,094 ) (279,007 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (190,000 ) -
NET ASSETS 1,328,542 650,305
CAPITAL AND RESERVES
Called up share capital 8 1 1
Revaluation reserve - 262,063
Profit and Loss Account 1,328,541 388,241
SHAREHOLDERS' FUNDS 1,328,542 650,305
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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 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
Mr Tobias Woerner
Director
18/03/2025
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
81 Belsize Park Gardens Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06930307 . The registered office is 1 Giltspur Street, Farringdon, London, EC1A 9DD.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 No depreciation
Motor Vehicles 20% Reducing balance
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.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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 year 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.
...CONTINUED
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2.6. Taxation - continued
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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Total
£ £ £
Cost or Valuation
As at 1 July 2023 890,000 61,033 951,033
Additions - 7,600 7,600
Disposals - (68,633 ) (68,633 )
Revaluation 860,000 - 860,000
As at 30 June 2024 1,750,000 - 1,750,000
Depreciation
As at 1 July 2023 - 29,784 29,784
Disposals - (29,784 ) (29,784 )
As at 30 June 2024 - - -
Net Book Value
As at 30 June 2024 1,750,000 - 1,750,000
As at 1 July 2023 890,000 31,249 921,249
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5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 5,652
Corporation tax 9,472 6,932
Other taxes and social security 269 190
Other creditors 129,336 127,479
Deferred income 19,603 18,476
Other loans due within one year 18,990 20,146
Accruals 4,000 -
Director's loan account 189,928 129,661
371,598 308,536
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 32,106
Other loan due after more than one year 224,094 246,901
224,094 279,007
7. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 5,652
Later than one year and not later than five years - 32,106
- 37,758
- 37,758
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
9. Related Party Transactions
As on balance sheet date company owe loan of £80,000 to Mrs Emma Rachel Peacock, who is wife of the director Mr.Tobias Woerner. During the year interest has been paid on the loan at the rate of 4.33995%. The loan is repayable on demand. During the year, the company engaged Emma Peacock for consultancy services, which amounted to a cost of £10,000.
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