Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 07307854 Mr Imtiaz Ismail Sange Mr Irfan Ismail Sange Mr Akbarali Ismail Sange iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07307854 2023-07-31 07307854 2024-07-31 07307854 2023-08-01 2024-07-31 07307854 frs-core:CurrentFinancialInstruments 2024-07-31 07307854 frs-core:CapitalRedemptionReserve 2024-07-31 07307854 frs-core:ShareCapital 2024-07-31 07307854 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 07307854 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07307854 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 07307854 frs-bus:SmallEntities 2023-08-01 2024-07-31 07307854 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 07307854 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 07307854 frs-bus:Director1 2023-08-01 2024-07-31 07307854 frs-bus:Director2 2023-08-01 2024-07-31 07307854 frs-bus:Director3 2023-08-01 2024-07-31 07307854 frs-countries:EnglandWales 2023-08-01 2024-07-31 07307854 2022-07-31 07307854 2023-07-31 07307854 2022-08-01 2023-07-31 07307854 frs-core:CurrentFinancialInstruments 2023-07-31 07307854 frs-core:CapitalRedemptionReserve 2023-07-31 07307854 frs-core:ShareCapital 2023-07-31 07307854 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 07307854
Majrona Properties Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07307854
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,552,688 1,552,688
1,552,688 1,552,688
CURRENT ASSETS
Cash at bank and in hand 197,130 115,947
197,130 115,947
Creditors: Amounts Falling Due Within One Year 5 (997,742 ) (989,927 )
NET CURRENT ASSETS (LIABILITIES) (800,612 ) (873,980 )
TOTAL ASSETS LESS CURRENT LIABILITIES 752,076 678,708
NET ASSETS 752,076 678,708
CAPITAL AND RESERVES
Called up share capital 6 3 3
Capital redemption reserve 2 2
Profit and Loss Account 752,071 678,703
SHAREHOLDERS' FUNDS 752,076 678,708
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 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
Mr Akbarali Ismail Sange
Director
28 April 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Majrona Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07307854 . The registered office is 157 Bolton Road, Blackburn, BB2 3QJ.
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 rental income earned from the letting of properties.
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 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: None NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 August 2023 and 31 July 2024 1,552,688
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 23,902 22,568
Other creditors 10,710 4,800
Accruals and deferred income 1,234 663
Directors' loan accounts 961,896 961,896
997,742 989,927
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
Page 4