Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 03231982 Mr Mohammed Faisal Yousuf Mrs Jamila Yousuf iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03231982 2023-07-31 03231982 2024-07-31 03231982 2023-08-01 2024-07-31 03231982 frs-core:CurrentFinancialInstruments 2024-07-31 03231982 frs-core:FurnitureFittings 2024-07-31 03231982 frs-core:FurnitureFittings 2023-08-01 2024-07-31 03231982 frs-core:FurnitureFittings 2023-07-31 03231982 frs-core:ShareCapital 2024-07-31 03231982 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 03231982 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03231982 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 03231982 frs-bus:SmallEntities 2023-08-01 2024-07-31 03231982 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 03231982 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 03231982 frs-core:ProvisionsDeferredTax 2024-07-31 03231982 frs-bus:Director1 2023-08-01 2024-07-31 03231982 frs-bus:Director2 2023-08-01 2024-07-31 03231982 frs-countries:EnglandWales 2023-08-01 2024-07-31 03231982 2022-07-31 03231982 2023-07-31 03231982 2022-08-01 2023-07-31 03231982 frs-core:CurrentFinancialInstruments 2023-07-31 03231982 frs-core:ShareCapital 2023-07-31 03231982 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 03231982 frs-core:ProvisionsDeferredTax 2023-07-31
Registered number: 03231982
Citydeal Estates (London) Limited
Financial Statements
For The Year Ended 31 July 2024
Outsourced ACC Ltd
High Street Centre, 137-139 High Street
Beckenham
Kent
BR3 1AG
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03231982
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 - 2,446
- 2,446
CURRENT ASSETS
Debtors 4 577,321 654,683
Cash at bank and in hand 1,520,125 1,111,985
2,097,446 1,766,668
Creditors: Amounts Falling Due Within One Year 5 (308,902 ) (271,428 )
NET CURRENT ASSETS (LIABILITIES) 1,788,544 1,495,240
TOTAL ASSETS LESS CURRENT LIABILITIES 1,788,544 1,497,686
PROVISIONS FOR LIABILITIES
Deferred Taxation 6 (3,434 ) (2,718 )
NET ASSETS 1,785,110 1,494,968
CAPITAL AND RESERVES
Called up share capital 7 200 200
Profit and Loss Account 1,784,910 1,494,768
SHAREHOLDERS' FUNDS 1,785,110 1,494,968
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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 Mohammed Faisal Yousuf
Director
25th April 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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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.
Presentation currency
The accounts are presented in £ sterling
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.
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:
Fixtures & Fittings 25% on cost
1.4. 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 arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
1.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 8 (2023: 8)
8 8
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3. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 August 2023 213,017
As at 31 July 2024 213,017
Depreciation
As at 1 August 2023 210,571
Provided during the period 2,446
As at 31 July 2024 213,017
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 2,446
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 33,969 38,621
Other debtors 543,352 616,062
577,321 654,683
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,571 10,571
Other creditors 157,860 129,379
Taxation and social security 140,471 131,478
308,902 271,428
6. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Deferred Tax 3,434 2,718
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Page 5
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
8. Related Party Transactions
At the end of the year, the amount owed by the company to the directors was follows : £53,845, (2023: £20,599)
9. General Information
Citydeal Estates (London) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03231982 . The registered office is 115 Churchfield Road, London, W3 6AH.
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