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 12141965 Mr G Wilson Mrs H Xu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12141965 2023-08-31 12141965 2024-08-31 12141965 2023-09-01 2024-08-31 12141965 frs-core:CurrentFinancialInstruments 2024-08-31 12141965 frs-core:Non-currentFinancialInstruments 2024-08-31 12141965 frs-core:FurnitureFittings 2024-08-31 12141965 frs-core:FurnitureFittings 2023-09-01 2024-08-31 12141965 frs-core:FurnitureFittings 2023-08-31 12141965 frs-core:MotorVehicles 2024-08-31 12141965 frs-core:MotorVehicles 2023-09-01 2024-08-31 12141965 frs-core:MotorVehicles 2023-08-31 12141965 frs-core:PlantMachinery 2024-08-31 12141965 frs-core:PlantMachinery 2023-09-01 2024-08-31 12141965 frs-core:PlantMachinery 2023-08-31 12141965 frs-core:RevaluationReserve 2023-08-31 12141965 frs-core:RevaluationReserve 2024-08-31 12141965 frs-core:ShareCapital 2024-08-31 12141965 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 12141965 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12141965 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 12141965 frs-bus:SmallEntities 2023-09-01 2024-08-31 12141965 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12141965 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12141965 frs-bus:OrdinaryShareClass1 2023-09-01 2024-08-31 12141965 frs-bus:OrdinaryShareClass1 2024-08-31 12141965 frs-bus:Director1 2023-09-01 2024-08-31 12141965 frs-bus:Director2 2023-09-01 2024-08-31 12141965 frs-core:Non-currentFinancialInstruments 5 2024-08-31 12141965 frs-core:Non-currentFinancialInstruments 6 2024-08-31 12141965 frs-core:Non-currentFinancialInstruments 7 2024-08-31 12141965 frs-core:CurrentFinancialInstruments 9 2024-08-31 12141965 frs-core:Non-currentFinancialInstruments 9 2024-08-31 12141965 frs-countries:EnglandWales 2023-09-01 2024-08-31 12141965 2022-08-31 12141965 2023-08-31 12141965 2022-09-01 2023-08-31 12141965 frs-core:CurrentFinancialInstruments 2023-08-31 12141965 frs-core:Non-currentFinancialInstruments 2023-08-31 12141965 frs-core:RevaluationReserve 2023-08-31 12141965 frs-core:ShareCapital 2023-08-31 12141965 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 12141965 frs-bus:OrdinaryShareClass1 2022-09-01 2023-08-31 12141965 frs-core:Non-currentFinancialInstruments 5 2023-08-31 12141965 frs-core:Non-currentFinancialInstruments 6 2023-08-31 12141965 frs-core:Non-currentFinancialInstruments 7 2023-08-31 12141965 frs-core:CurrentFinancialInstruments 9 2023-08-31 12141965 frs-core:Non-currentFinancialInstruments 9 2023-08-31
Registered number: 12141965
GHL Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
WD Accountants Ltd
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 12141965
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,574 7,083
Investment Properties 5 1,979,651 1,979,483
1,991,225 1,986,566
CURRENT ASSETS
Cash at bank and in hand 5,938 3,524
5,938 3,524
Creditors: Amounts Falling Due Within One Year 7 (430,277 ) (430,718 )
NET CURRENT ASSETS (LIABILITIES) (424,339 ) (427,194 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,566,886 1,559,372
Creditors: Amounts Falling Due After More Than One Year 8 (1,582,773 ) (1,598,721 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,315 ) (8,315 )
NET LIABILITIES (24,202 ) (47,664 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 61,698 61,698
Income Statement (86,000 ) (109,462 )
SHAREHOLDERS' FUNDS (24,202) (47,664)
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 Income Statement.
On behalf of the board
Mrs H Xu
Director
19/05/2025
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
GHL Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12141965 . The registered office is 59 Grass Meers Drive, Bristol, BS14 0LG.
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:
Plant & Machinery 25% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% straight line
2.4. Investment Properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially
recognised at cost, which includes the purchase cost and any directly attributable expenditure.
Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in
profit or loss.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost or Valuation
As at 1 September 2023 538 7,000 5,747 13,285
Additions - 8,500 - 8,500
Disposals - (7,000 ) - (7,000 )
As at 31 August 2024 538 8,500 5,747 14,785
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 September 2023 268 4,047 1,887 6,202
Provided during the period 95 87 874 1,056
Disposals - (4,047 ) - (4,047 )
As at 31 August 2024 363 87 2,761 3,211
Net Book Value
As at 31 August 2024 175 8,413 2,986 11,574
As at 1 September 2023 270 2,953 3,860 7,083
5. Investment Property
2024
£
Fair Value
As at 1 September 2023 1,979,483
Additions 168
As at 31 August 2024 1,979,651
6. Debtors
2024 2023
£ £
Due within one year
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2 -
Other creditors 4,005 4,005
Bank loans current position 83,445 73,800
Accruals and deferred income 17,608 32,633
Directors' loan accounts 325,217 320,280
430,277 430,718
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Mortgage for 87a Redland Rd 709,582 709,708
Mortgage for 41 and 41a St John's Crescent 556,042 564,743
Mortgage for 20 Highfields Close 284,569 284,658
Other long term loans 32,580 39,612
1,582,773 1,598,721
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.000 each 100 100
Page 4
Page 5
10. Reserves
Revaluation Reserve
£
As at 1 September 2023 61,698
As at 31 August 2024 61,698
Page 5