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 12984533 Adam Pollock Darragh Mcdonagh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12984533 2023-10-31 12984533 2024-10-31 12984533 2023-11-01 2024-10-31 12984533 frs-core:CurrentFinancialInstruments 2024-10-31 12984533 frs-core:ComputerEquipment 2024-10-31 12984533 frs-core:ComputerEquipment 2023-11-01 2024-10-31 12984533 frs-core:ComputerEquipment 2023-10-31 12984533 frs-core:ShareCapital 2024-10-31 12984533 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 12984533 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12984533 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 12984533 frs-bus:SmallEntities 2023-11-01 2024-10-31 12984533 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12984533 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12984533 frs-bus:Director1 2023-11-01 2024-10-31 12984533 frs-bus:Director2 2023-11-01 2024-10-31 12984533 frs-countries:EnglandWales 2023-11-01 2024-10-31 12984533 2022-10-31 12984533 2023-10-31 12984533 2022-11-01 2023-10-31 12984533 frs-core:CurrentFinancialInstruments 2023-10-31 12984533 frs-core:ShareCapital 2023-10-31 12984533 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 12984533
Construct One Limited
Financial Statements
For The Year Ended 31 October 2024
Nijjer Accountants Ltd
Chartered Accountants
5-7 Station Road
Longfield
Kent
DA3 7QD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12984533
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 690 920
Investment Properties 5 3,127,771 2,311,751
3,128,461 2,312,671
CURRENT ASSETS
Debtors 6 27,419 21,136
Cash at bank and in hand 47,306 54,360
74,725 75,496
Creditors: Amounts Falling Due Within One Year 7 (3,240,007 ) (2,378,625 )
NET CURRENT ASSETS (LIABILITIES) (3,165,282 ) (2,303,129 )
TOTAL ASSETS LESS CURRENT LIABILITIES (36,821 ) 9,542
NET (LIABILITIES)/ASSETS (36,821 ) 9,542
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (36,822 ) 9,541
SHAREHOLDERS' FUNDS (36,821) 9,542
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
Adam Pollock
Director
Darragh Mcdonagh
Director
9 May 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
Construct One Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12984533 . The registered office is 5-7 Station Road, Longfield, DA3 7QD.
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
Income is measured at the fair value of the consideration received or receivable from rents and service charges and sales of properties when contracts have been completed such that risks and rewards of ownership have transferred to customers. 
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:
Computer Equipment 25% Reducing Balance 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.
2.5. 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: NIL (2023: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2023 1,052
As at 31 October 2024 1,052
Depreciation
As at 1 November 2023 132
Provided during the period 230
As at 31 October 2024 362
Net Book Value
As at 31 October 2024 690
As at 1 November 2023 920
5. Investment Property
2024
£
Fair Value
As at 1 November 2023 2,311,751
Additions 816,020
As at 31 October 2024 3,127,771
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 3,127,771 2,311,751
Accumulated depreciation and impairment 80,393 34,158
Carrying amount 3,047,378 2,277,593
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,565 5,795
Prepayments and accrued income 6,569 3,692
Other debtors 8,715 8,715
VAT 570 2,934
27,419 21,136
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,407 4,543
Accruals and deferred income 31,098 -
Directors' loan accounts 3,135,483 2,306,063
Amounts owed to group undertakings 68,019 68,019
3,240,007 2,378,625
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5