Acorah Software Products - Accounts Production 16.3.350 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 10993006 Mr P T Linderman Mr P T Linderman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10993006 2023-11-30 10993006 2024-11-30 10993006 2023-12-01 2024-11-30 10993006 frs-core:CurrentFinancialInstruments 2024-11-30 10993006 frs-core:Non-currentFinancialInstruments 2024-11-30 10993006 frs-core:ShareCapital 2024-11-30 10993006 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 10993006 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 10993006 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 10993006 frs-bus:SmallEntities 2023-12-01 2024-11-30 10993006 frs-bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 10993006 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 10993006 frs-bus:Director1 2023-12-01 2024-11-30 10993006 frs-bus:CompanySecretary1 2023-12-01 2024-11-30 10993006 frs-countries:EnglandWales 2023-12-01 2024-11-30 10993006 2022-11-30 10993006 2023-11-30 10993006 2022-12-01 2023-11-30 10993006 frs-core:CurrentFinancialInstruments 2023-11-30 10993006 frs-core:Non-currentFinancialInstruments 2023-11-30 10993006 frs-core:ShareCapital 2023-11-30 10993006 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 10993006
Stay Apartments Ltd.
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Accountant's Report 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Accountant's Report
Chartered Accountant's report to the director on the preparation of the unaudited statutory accounts of Stay Apartments Ltd. for the year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Stay Apartments Ltd. for the year ended 30 November 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Stay Apartments Ltd. , as a body, in accordance with the terms of our engagement letter dated 22 October 2024. Our work has been undertaken solely to prepare for your approval the accounts of Stay Apartments Ltd. and state those matters that we have agreed to state to the director of Stay Apartments Ltd. , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stay Apartments Ltd. and its director, as a body, for our work or for this report.
It is your duty to ensure that Stay Apartments Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Stay Apartments Ltd. . You consider that Stay Apartments Ltd. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Stay Apartments Ltd. . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
ERC Accountants and Business Advisers Limited
20 May 2025
ERC Accountants & Business Advisers Limited
Chartered Accountants
Hanover Buildings, 11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
Page 1
Page 2
Balance Sheet
Registered number: 10993006
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Stocks 4 - 202,879
Debtors - 7,896
Cash at bank and in hand 236,645 56,411
236,645 267,186
Creditors: Amounts Falling Due Within One Year 5 (180,900 ) (246,016 )
NET CURRENT ASSETS (LIABILITIES) 55,745 21,170
TOTAL ASSETS LESS CURRENT LIABILITIES 55,745 21,170
Creditors: Amounts Falling Due After More Than One Year 6 (2,462 ) (5,188 )
NET ASSETS 53,283 15,982
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 53,273 15,972
SHAREHOLDERS' FUNDS 53,283 15,982
For the year ending 30 November 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 P T Linderman
Director
20 May 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
Stay Apartments Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 10993006 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
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.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Stocks
2024 2023
£ £
Work in progress - 202,879
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 2,726 2,726
Corporation tax 4,834 -
Accruals and deferred income 4,970 3,598
Director's loan account 168,370 239,692
180,900 246,016
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6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,462 5,188
7. Secured Creditors
Of the creditors the following amounts are secured.
The loan held is 100% secured via the government-backed bounce back loan scheme.
2024 2023
£ £
Bank loans and overdrafts - 7,913
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
9. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
10. Related Party Transactions
The following related party transactions were undertaken during the year.
A director of the company withdrew amounts totalling £79,726 (2023: £57,003) and introduced amounts totalling £8,404 (2023: £7,254) At the balance sheet date the balance payable to the director totalled £168,370 (2023: £239,692).
No dividends were paid to the directors in respect of their shareholdings in the current or previous accounting periods.
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicablle in the UK and Republic of Ireland'. 
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