Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10927521 Mrs R Stewart Miss S Johal iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10927521 2023-08-31 10927521 2024-08-31 10927521 2023-09-01 2024-08-31 10927521 frs-core:CurrentFinancialInstruments 2024-08-31 10927521 frs-core:Non-currentFinancialInstruments 2024-08-31 10927521 frs-core:FurnitureFittings 2024-08-31 10927521 frs-core:FurnitureFittings 2023-09-01 2024-08-31 10927521 frs-core:FurnitureFittings 2023-08-31 10927521 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 10927521 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10927521 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 10927521 frs-core:ShareCapital 2024-08-31 10927521 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10927521 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10927521 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10927521 frs-bus:SmallEntities 2023-09-01 2024-08-31 10927521 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10927521 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10927521 frs-bus:Director1 2023-09-01 2024-08-31 10927521 frs-bus:Director2 2023-09-01 2024-08-31 10927521 frs-countries:EnglandWales 2023-09-01 2024-08-31 10927521 2022-08-31 10927521 2023-08-31 10927521 2022-09-01 2023-08-31 10927521 frs-core:CurrentFinancialInstruments 2023-08-31 10927521 frs-core:Non-currentFinancialInstruments 2023-08-31 10927521 frs-core:ShareCapital 2023-08-31 10927521 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 10927521
MRE Partners Ltd
Financial Statements
For The Year Ended 31 August 2024
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10927521
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,276 134,930
Investment Properties 5 133,429 -
134,705 134,930
CURRENT ASSETS
Cash at bank and in hand 2,127 2,033
2,127 2,033
Creditors: Amounts Falling Due Within One Year 6 (5,713 ) (7,002 )
NET CURRENT ASSETS (LIABILITIES) (3,586 ) (4,969 )
TOTAL ASSETS LESS CURRENT LIABILITIES 131,119 129,961
Creditors: Amounts Falling Due After More Than One Year 7 (165,902 ) (164,432 )
NET LIABILITIES (34,783 ) (34,471 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (34,883 ) (34,571 )
SHAREHOLDERS' FUNDS (34,783) (34,471)
Page 1
Page 2
For the year ending 31 August 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
Mrs R Stewart
Director
Miss S Johal
Director
07/04/2025
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
MRE Partners Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10927521 . The registered office is 24a Baltic Place, London, N1 5AQ.
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. 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:
Freehold Nil rate
Fixtures & Fittings 15%
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: 2)
- 2
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2023 133,429 2,875 136,304
Transfers (133,429 ) - (133,429 )
As at 31 August 2024 - 2,875 2,875
Depreciation
As at 1 September 2023 - 1,374 1,374
Provided during the period - 225 225
As at 31 August 2024 - 1,599 1,599
Net Book Value
As at 31 August 2024 - 1,276 1,276
As at 1 September 2023 133,429 1,501 134,930
5. Investment Property
2024
£
Fair Value
As at 1 September 2023 -
Transfers 133,429
As at 31 August 2024 133,429
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Other creditors 5,712 7,002
5,713 7,002
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans more 5 years installment 97,440 95,970
Other creditors 68,462 68,462
165,902 164,432
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5