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 13473504 Mr Allen Kurwijila iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13473504 2023-07-31 13473504 2024-07-31 13473504 2023-08-01 2024-07-31 13473504 frs-core:Non-currentFinancialInstruments 2024-07-31 13473504 frs-core:ComputerEquipment 2024-07-31 13473504 frs-core:ComputerEquipment 2023-08-01 2024-07-31 13473504 frs-core:ComputerEquipment 2023-07-31 13473504 frs-core:PlantMachinery 2024-07-31 13473504 frs-core:PlantMachinery 2023-08-01 2024-07-31 13473504 frs-core:PlantMachinery 2023-07-31 13473504 frs-core:ShareCapital 2024-07-31 13473504 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 13473504 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13473504 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 13473504 frs-bus:SmallEntities 2023-08-01 2024-07-31 13473504 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 13473504 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 13473504 frs-bus:Director1 2023-08-01 2024-07-31 13473504 frs-countries:EnglandWales 2023-08-01 2024-07-31 13473504 2022-07-31 13473504 2023-07-31 13473504 2022-08-01 2023-07-31 13473504 frs-core:Non-currentFinancialInstruments 2023-07-31 13473504 frs-core:ShareCapital 2023-07-31 13473504 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 13473504
AKSTAY Property Ltd
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—4
Page 1
Balance Sheet
Registered number: 13473504
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,355 2,384
Investment Properties 5 232,192 232,192
234,547 234,576
CURRENT ASSETS
Debtors 6 1,095 -
Cash at bank and in hand 9,027 12,523
10,122 12,523
Creditors: Amounts Falling Due Within One Year 7 (43,845 ) (58,600 )
NET CURRENT ASSETS (LIABILITIES) (33,723 ) (46,077 )
TOTAL ASSETS LESS CURRENT LIABILITIES 200,824 188,499
Creditors: Amounts Falling Due After More Than One Year 8 (172,546 ) (170,740 )
NET ASSETS 28,278 17,759
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 28,178 17,659
SHAREHOLDERS' FUNDS 28,278 17,759
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 Allen Kurwijila
Director
8th 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
AKSTAY Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13473504 . The registered office is High Street Centre, 137-139 High Street, Beckenham, Kent, BR3 1AG.
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:
Plant & Machinery 20% Straight Line Method
Computer Equipment 20% Straight Line Method
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 2,600 380 2,980
Additions 597 - 597
As at 31 July 2024 3,197 380 3,577
Depreciation
As at 1 August 2023 520 76 596
Provided during the period 550 76 626
As at 31 July 2024 1,070 152 1,222
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 July 2024 2,127 228 2,355
As at 1 August 2023 2,080 304 2,384
5. Investment Property
2024
£
Fair Value
As at 1 August 2023 and 31 July 2024 232,192
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,095 -
1,095 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 43,845 58,600
43,845 58,600
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 172,546 170,740
172,546 170,740
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4