Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 02585074 Ms Glenys Roberts Ms Fuzeyya Yener Ms Carolyn Greenslade Mr Paul Greenslade iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02585074 2023-03-31 02585074 2024-03-31 02585074 2023-04-01 2024-03-31 02585074 frs-core:CurrentFinancialInstruments 2024-03-31 02585074 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 02585074 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 02585074 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 02585074 frs-core:ShareCapital 2024-03-31 02585074 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 02585074 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02585074 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 02585074 frs-bus:SmallEntities 2023-04-01 2024-03-31 02585074 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02585074 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02585074 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 02585074 frs-bus:OrdinaryShareClass1 2024-03-31 02585074 frs-bus:Director1 2023-04-01 2024-03-31 02585074 frs-bus:Director2 2023-04-01 2024-03-31 02585074 frs-bus:Director3 2023-04-01 2024-03-31 02585074 frs-bus:Director4 2023-04-01 2024-03-31 02585074 frs-core:CurrentFinancialInstruments 1 2024-03-31 02585074 frs-core:CurrentFinancialInstruments 2 2024-03-31 02585074 frs-countries:EnglandWales 2023-04-01 2024-03-31 02585074 2022-03-31 02585074 2023-03-31 02585074 2022-04-01 2023-03-31 02585074 frs-core:CurrentFinancialInstruments 2023-03-31 02585074 frs-core:ShareCapital 2023-03-31 02585074 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 02585074 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31 02585074 frs-core:CurrentFinancialInstruments 1 2023-03-31 02585074 frs-core:CurrentFinancialInstruments 2 2023-03-31
Registered number: 02585074
18 Mount Street Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Goldwyns London LLP
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 02585074
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 241 308
241 308
CURRENT ASSETS
Debtors 4 47,741 14,283
Cash at bank and in hand 37,623 42,977
85,364 57,260
Creditors: Amounts Falling Due Within One Year 5 (83,567 ) (55,530 )
NET CURRENT ASSETS (LIABILITIES) 1,797 1,730
TOTAL ASSETS LESS CURRENT LIABILITIES 2,038 2,038
NET ASSETS 2,038 2,038
CAPITAL AND RESERVES
Called up share capital 6 2,000 2,000
Profit and Loss Account 38 38
SHAREHOLDERS' FUNDS 2,038 2,038
For the year ending 31 March 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
Ms Glenys Roberts
Director
27/03/2025
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
Rendering of services
Turnover represents service charges and ground rent receivable by the Company in respect of each flat. The company acts as principal in the management of 18 Mount Street Ltd, WIK 2RL. Accordingly all relevant service charges transactions are recorded in the profit and loss account.
1.3. 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:
Leasehold over the period of 30 years.
The remaing useful life is 4.5 years.
1.4. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
1.5. 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 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.
1.6. Debtorsand creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable witin one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other adminstrative expenses.
Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.
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1.7. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.8. Critical Accounting Judgements And Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the year in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 4 (2023: 4)
4 4
3. Tangible Assets
Land & Property
Leasehold
£
Cost
As at 1 April 2023 2,000
As at 31 March 2024 2,000
Depreciation
As at 1 April 2023 1,692
Provided during the period 67
As at 31 March 2024 1,759
Net Book Value
As at 31 March 2024 241
As at 1 April 2023 308
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 46,432 13,063
Prepayments and accrued income 1,309 1,220
47,741 14,283
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 38,284 31,801
Other creditors 19,288 19,338
Service charge in advance 1,055 1,055
Sinking fund 24,834 3,230
Directors' loan accounts 106 106
83,567 55,530
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6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,000 2,000
Value Number 2024 2023
Allotted, called up and fully paid £ £ £
Ordinary Shares 500.00 4 2,000 2,000
7. Reserves
                                                                                                                                                                                         Retained 
                                                                                                                                                                                         earnings
                                                                                                                                                                                                   £
At 1 April 2023                                                                                                                                                                            38
Profit for the year                                                                                                                                                                         -
                                                                                                                                                                                         __________ 
At 31 March 2024                                                                                                                                                                        38
8. General Information
18 Mount Street Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02585074 . The registered office is 18 Mount Street, London, W1K 2RL.
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