Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 02745946 Mrs M T Gay Mr R F Gay Mrs M Z Cruickshanks Mrs M Z Cruickshanks Mr. R. F. Gay true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02745946 2023-10-31 02745946 2024-10-31 02745946 2023-11-01 2024-10-31 02745946 frs-core:CurrentFinancialInstruments 2024-10-31 02745946 frs-core:Non-currentFinancialInstruments 2024-10-31 02745946 frs-core:ShareCapital 2024-10-31 02745946 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 02745946 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 02745946 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 02745946 frs-bus:SmallEntities 2023-11-01 2024-10-31 02745946 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 02745946 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 02745946 1 2023-11-01 2024-10-31 02745946 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 02745946 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-10-31 02745946 frs-bus:Director1 2023-11-01 2024-10-31 02745946 frs-bus:Director2 2023-11-01 2024-10-31 02745946 frs-bus:Director3 2023-11-01 2024-10-31 02745946 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 02745946 frs-core:CurrentFinancialInstruments 1 2024-10-31 02745946 frs-countries:EnglandWales 2023-11-01 2024-10-31 02745946 2022-10-31 02745946 2023-10-31 02745946 2022-11-01 2023-10-31 02745946 frs-core:CurrentFinancialInstruments 2023-10-31 02745946 frs-core:Non-currentFinancialInstruments 2023-10-31 02745946 frs-core:ShareCapital 2023-10-31 02745946 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 02745946 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 02745946 frs-core:CurrentFinancialInstruments 1 2023-10-31
Registered number: 02745946
London & Regional Estates (Midlands) Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Halkin Lerman Davis Limited
Beaumont Chancery 44 Southampton Buildings
Halkin Lerman Davis
London
WC2A 1AP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02745946
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,900,000 1,900,000
1,900,000 1,900,000
CURRENT ASSETS
Debtors 5 1,113,417 1,037,243
Cash at bank and in hand 103,441 108,662
1,216,858 1,145,905
Creditors: Amounts Falling Due Within One Year 6 (284,047 ) (267,926 )
NET CURRENT ASSETS (LIABILITIES) 932,811 877,979
TOTAL ASSETS LESS CURRENT LIABILITIES 2,832,811 2,777,979
Creditors: Amounts Falling Due After More Than One Year 7 (127,338 ) (129,193 )
NET ASSETS 2,705,473 2,648,786
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 574,622 574,622
Profit and Loss Account 2,130,751 2,074,064
SHAREHOLDERS' FUNDS 2,705,473 2,648,786
Page 1
Page 2
For the year ending 31 October 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 M Z Cruickshanks
Director
01/05/2025
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
London & Regional Estates (Midlands) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02745946 . The registered office is 1st Floor, HealthAid House, Marlborough Hill, Harrow, Middlesex, HA1 1UD.
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. Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.
2.3. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 3 (2023: 3)
3 3
4. Investment Property
2024
£
Fair Value
As at 1 November 2023 and 31 October 2024 1,900,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 1,323,143 1,323,143
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 7,975 6,801
LRE (Preston) Ltd 132,000 132,000
LRE Limited 888,883 813,883
Deferred tax current asset 84,559 84,559
1,113,417 1,037,243
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 23,363 20,480
VAT 9,812 9,051
LRE Australia 154,983 154,983
Accrued expenses 60,231 49,128
Deferred income 30,794 29,620
Directors' loan accounts 4,864 4,664
284,047 267,926
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 127,338 129,193
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 127,338 129,193
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Fair Value Reserve
£
As at 1 November 2023 574,622
As at 31 October 2024 574,622
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr. R. F. Gay by virtue of his majority shareholding.
Page 4