Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 13598368 Tsui Ling Karen Chan Hongtao Zhang iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13598368 2023-12-31 13598368 2024-12-31 13598368 2024-01-01 2024-12-31 13598368 frs-core:CurrentFinancialInstruments 2024-12-31 13598368 frs-core:ComputerEquipment 2024-12-31 13598368 frs-core:ComputerEquipment 2024-01-01 2024-12-31 13598368 frs-core:ComputerEquipment 2023-12-31 13598368 frs-core:FurnitureFittings 2024-12-31 13598368 frs-core:FurnitureFittings 2024-01-01 2024-12-31 13598368 frs-core:FurnitureFittings 2023-12-31 13598368 frs-core:ShareCapital 2024-12-31 13598368 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13598368 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13598368 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13598368 frs-bus:SmallEntities 2024-01-01 2024-12-31 13598368 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13598368 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13598368 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-01-01 2024-12-31 13598368 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 13598368 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 13598368 frs-bus:Director1 2024-01-01 2024-12-31 13598368 frs-bus:Director2 2024-01-01 2024-12-31 13598368 frs-countries:EnglandWales 2024-01-01 2024-12-31 13598368 2022-12-31 13598368 2023-12-31 13598368 2023-01-01 2023-12-31 13598368 frs-core:CurrentFinancialInstruments 2023-12-31 13598368 frs-core:ShareCapital 2023-12-31 13598368 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13598368 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31
Registered number: 13598368
GG-056-338 Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13598368
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,060 3,475
Investment Properties 5 235,000 216,000
237,060 219,475
CURRENT ASSETS
Debtors 6 524 493
Cash at bank and in hand 70 54
594 547
Creditors: Amounts Falling Due Within One Year 7 (189,323 ) (197,119 )
NET CURRENT ASSETS (LIABILITIES) (188,729 ) (196,572 )
TOTAL ASSETS LESS CURRENT LIABILITIES 48,331 22,903
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,420 ) (3,989 )
NET ASSETS 40,911 18,914
CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 30,408 15,018
Profit and Loss Account 10,403 3,796
SHAREHOLDERS' FUNDS 40,911 18,914
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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.
On behalf of the board
Tsui Ling Karen Chan
Director
Hongtao Zhang
Director
12/04/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
GG-056-338 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13598368 . The registered office is 1 Lyric Square, London, W6 0NB.
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. 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:
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
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. 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 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: NIL (2023: NIL)
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 January 2024 1,880 3,777 5,657
As at 31 December 2024 1,880 3,777 5,657
Depreciation
As at 1 January 2024 862 1,320 2,182
Provided during the period 470 945 1,415
As at 31 December 2024 1,332 2,265 3,597
Net Book Value
As at 31 December 2024 548 1,512 2,060
As at 1 January 2024 1,018 2,457 3,475
5. Investment Property
2024
£
Fair Value
As at 1 January 2024 216,000
Revaluations 19,000
As at 31 December 2024 235,000
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 524 493
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 1,840 444
Directors' loan accounts 187,483 196,675
189,323 197,119
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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9. Reserves
Fair Value Reserve
£
As at 1 January 2024 15,018
Transfer to profit and loss 15,390
As at 31 December 2024 30,408
Page 5