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 02444264 Mr Timothy Sheppard Dr Jill Sheppard Mr Norman Sheppard Mrs Elena Garcia-Alvarez Dr Jill Sheppard iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02444264 2023-10-31 02444264 2024-10-31 02444264 2023-11-01 2024-10-31 02444264 frs-core:CurrentFinancialInstruments 2024-10-31 02444264 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 02444264 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 02444264 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 02444264 frs-core:ShareCapital 2024-10-31 02444264 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 02444264 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 02444264 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 02444264 frs-bus:SmallEntities 2023-11-01 2024-10-31 02444264 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 02444264 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 02444264 frs-bus:Director1 2023-11-01 2024-10-31 02444264 frs-bus:Director2 2023-11-01 2024-10-31 02444264 frs-bus:Director3 2023-11-01 2024-10-31 02444264 frs-bus:Director4 2023-11-01 2024-10-31 02444264 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 02444264 frs-countries:EnglandWales 2023-11-01 2024-10-31 02444264 2022-10-31 02444264 2023-10-31 02444264 2022-11-01 2023-10-31 02444264 frs-core:CurrentFinancialInstruments 2023-10-31 02444264 frs-core:ShareCapital 2023-10-31 02444264 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 02444264
Openlace Limited
Financial Statements
For The Year Ended 31 October 2024
5th Floor
30-31 Furnival Street
London
EC4A 1JQ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 02444264
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 72,727 73,868
72,727 73,868
CURRENT ASSETS
Cash at bank and in hand 3,501 5,395
3,501 5,395
Creditors: Amounts Falling Due Within One Year 5 (107,904 ) (102,654 )
NET CURRENT ASSETS (LIABILITIES) (104,403 ) (97,259 )
TOTAL ASSETS LESS CURRENT LIABILITIES (31,676 ) (23,391 )
NET LIABILITIES (31,676 ) (23,391 )
CAPITAL AND RESERVES
Called up share capital 6 70,700 70,700
Profit and Loss Account (102,376 ) (94,091 )
SHAREHOLDERS' FUNDS (31,676) (23,391)
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
Mr Timothy Sheppard
Director
21 May 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Openlace Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02444264 . The registered office is 28 Murray Mews, London, NW1 9RJ.
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 represents rental income received from the letting out of the company's freehold property in France.
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 Freehold land 0% Furniture etc 10%
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Land & Property
Freehold
£
Cost or Valuation
As at 1 November 2023 87,062
As at 31 October 2024 87,062
Depreciation
As at 1 November 2023 13,194
Provided during the period 1,141
As at 31 October 2024 14,335
Net Book Value
As at 31 October 2024 72,727
As at 1 November 2023 73,868
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 106,944 102,654
Accruals and deferred income 960 -
107,904 102,654
Page 2
Page 3
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 70,700 70,700
Page 3