Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 February 2022 false 1 August 2023 31 July 2024 31 July 2024 03719035 Mr Ian Cawkwell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03719035 2023-07-31 03719035 2024-07-31 03719035 2023-08-01 2024-07-31 03719035 frs-core:CurrentFinancialInstruments 2024-07-31 03719035 frs-core:Non-currentFinancialInstruments 2024-07-31 03719035 frs-core:ShareCapital 2024-07-31 03719035 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 03719035 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03719035 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 03719035 frs-bus:SmallEntities 2023-08-01 2024-07-31 03719035 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 03719035 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 03719035 frs-bus:Director1 2023-08-01 2024-07-31 03719035 frs-countries:EnglandWales 2023-08-01 2024-07-31 03719035 2022-01-31 03719035 2023-07-31 03719035 2022-02-01 2023-07-31 03719035 frs-core:CurrentFinancialInstruments 2023-07-31 03719035 frs-core:Non-currentFinancialInstruments 2023-07-31 03719035 frs-core:ShareCapital 2023-07-31 03719035 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 03719035
London & Regional Capital Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
PA Brown & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03719035
31 July 2024 31 July 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 3,512,417 3,512,417
3,512,417 3,512,417
CURRENT ASSETS
Stocks 5 338,135 332,905
Debtors 6 516,426 1,183,172
Investments 7 1,581,831 469,130
Cash at bank and in hand 2,062 11,655
2,438,454 1,996,862
Creditors: Amounts Falling Due Within One Year 8 (1,337,490 ) (943,090 )
NET CURRENT ASSETS (LIABILITIES) 1,100,964 1,053,772
TOTAL ASSETS LESS CURRENT LIABILITIES 4,613,381 4,566,189
Creditors: Amounts Falling Due After More Than One Year 9 (3,271,224 ) (3,399,275 )
NET ASSETS 1,342,157 1,166,914
CAPITAL AND RESERVES
Called up share capital 10 4 4
Profit and Loss Account 1,342,153 1,166,910
SHAREHOLDERS' FUNDS 1,342,157 1,166,914
Page 1
Page 2
For the year ending 31 July 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 Ian Cawkwell
Director
19/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
London & Regional Capital Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03719035 . The registered office is 16 Abbey Meadows, Morpeth, NE61 2BD.
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. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investment Property
31 July 2024
£
Fair Value
As at 1 August 2023 and 31 July 2024 3,512,417
5. Stocks
31 July 2024 31 July 2023
£ £
Work in progress 338,135 332,905
6. Debtors
31 July 2024 31 July 2023
£ £
Due within one year
Trade debtors 17,918 8,291
Prepayments and accrued income 8,477 7,852
Amounts owed by associates 490,031 1,167,029
516,426 1,183,172
7. Current Asset Investments
31 July 2024 31 July 2023
£ £
Unlisted investments 1,581,831 469,130
Included in Unlisted Investments are the following loans made by London & Regional Capital Ltd:
£1,581,831 in total has been loaned to Mr Jay McGarvey. This loan is repayable with interest.
£85,583 in loans to Glen Resources Holdings Ltd are deemed by the director, Mr I C Cawkwell, to be irrecoverable and have been written off in the accounts to 31st July 2024.
8. Creditors: Amounts Falling Due Within One Year
31 July 2024 31 July 2023
£ £
Trade creditors 9,307 12,010
Bank loans and overdrafts 100,671 82,054
Other loans 20,000 -
Corporation tax 38,929 -
VAT 47,287 14,833
Other creditors 40,940 40,302
Accruals and deferred income 11,432 12,847
Director's loan account 718,876 541,315
Amounts owed to related parties 350,048 239,729
1,337,490 943,090
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Page 5
9. Creditors: Amounts Falling Due After More Than One Year
31 July 2024 31 July 2023
£ £
Bank loans 3,271,224 3,399,275
10. Share Capital
31 July 2024 31 July 2023
£ £
Allotted, Called up and fully paid 4 4
11. Related Party Transactions
Included in creditors are the following related party loans:
£344,748 is owed to London & Regional (Chiswick) Ltd at 31st July 2024. Mr I Cawkwell is a director and controlling shareholder of this company.
Included in debtors are the following related party loans:
£121,152  is owed by London & Regional Developments Ltd at 31st July 2024. Mr I Cawkwell is a director and controlling shareholder of this company.
£197,634  is owed by London & Regional (Stoke) Ltd at 31st July 2024. Mr I Cawkwell is a director and controlling shareholder of this company.
£171,245 is owed by London & Regional (Cobham) Ltd at 31st July 2024. Mr I Cawkwell is a director and 50% shareholder of this company.
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