Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 13720785 Mr Dean Barnes Mrs Joanna Barnes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13720785 2023-12-31 13720785 2024-12-31 13720785 2024-01-01 2024-12-31 13720785 frs-core:Non-currentFinancialInstruments 2024-12-31 13720785 frs-core:ShareCapital 2024-12-31 13720785 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13720785 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13720785 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 13720785 frs-bus:SmallEntities 2024-01-01 2024-12-31 13720785 frs-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 13720785 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13720785 frs-bus:Director1 2024-01-01 2024-12-31 13720785 frs-bus:Director2 2024-01-01 2024-12-31 13720785 frs-countries:EnglandWales 2024-01-01 2024-12-31 13720785 2022-12-31 13720785 2023-12-31 13720785 2023-01-01 2023-12-31 13720785 frs-core:Non-currentFinancialInstruments 2023-12-31 13720785 frs-core:ShareCapital 2023-12-31 13720785 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13720785
AL Real Estate Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2024
Chrissie Accountancy Services
16 Morley Road
Sutton
Surrey
SM3 9LN
Contents
Page
Company Information 1
Accountant's Report 2
Abridged Balance Sheet 3—4
Notes to the Abridged Financial Statements 5—6
Page 1
Company Information
Directors Mr Dean Barnes
Mrs Joanna Barnes
Company Number 13720785
Registered Office Berwick House
Outwood Lane
Chipstead
CR5 3NP
Business Berwick House
Outwood Lane
Chipstead
CR5 3NP
Accountants Chrissie Accountancy Services
Certified Public Accountants Association
16 Morley Road
Sutton
Surrey
SM3 9LN
Bankers HSBC UK
139A North End
Croydon
Surrey
CR0 1TN
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Page 2
Accountant's Report
Accountant's report to the directors on the preparation of the unaudited statutory accounts of AL Real Estate Ltd for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of AL Real Estate Ltd for the year ended 31 December 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of Certified Public Accountants (CPAA, we are subject to its ethical and other professional requirements which are detailed at http://www.cpaa.co.uk/governance.
This report is made solely to the directors of AL Real Estate Ltd , as a body, in accordance with the terms of our engagement letter dated 25 February 2023. Our work has been undertaken solely to prepare for your approval the accounts of AL Real Estate Ltd and state those matters that we have agreed to state to the directors of AL Real Estate Ltd , as a body, in this report in accordance with the requirements of Certified Public Accountants as detailed at www.cpaa.co.uk. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AL Real Estate Ltd and its directors, as a body, for our work or for this report.
It is your duty to ensure that AL Real Estate Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of AL Real Estate Ltd . You consider that AL Real Estate Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of AL Real Estate Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Christy Wignarajah
4 April 2025
Chrissie Accountancy Services
Certified Public Accountants Association
16 Morley Road
Sutton
Surrey
SM3 9LN
Page 2
Page 3
Abridged Balance Sheet
Registered number: 13720785
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 294,825 294,825
294,825 294,825
CURRENT ASSETS
Debtors 515 1,018
Cash at bank and in hand 6,577 1,488
7,092 2,506
Creditors: Amounts Falling Due Within One Year (3,043 ) (2,449 )
NET CURRENT ASSETS (LIABILITIES) 4,049 57
TOTAL ASSETS LESS CURRENT LIABILITIES 298,874 294,882
Creditors: Amounts Falling Due After More Than One Year (293,416 ) (293,416 )
NET ASSETS 5,458 1,466
CAPITAL AND RESERVES
Called up share capital 5 2 2
Profit and Loss Account 5,456 1,464
SHAREHOLDERS' FUNDS 5,458 1,466
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For the year ending 31 December 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Dean Barnes
Director
Mrs Joanna Barnes
Director
4 April 2025
The notes on pages 5 to 6 form part of these financial statements.
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Page 5
Notes to the Abridged Financial Statements
1. General Information
AL Real Estate Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13720785 . The registered office is Berwick House , Outwood Lane, Chipstead, CR5 3NP.
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.
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.
...CONTINUED
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2.4. 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 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: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 294,825
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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