Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 02011450 Mr Sukhdev Sagoo Mrs Parminder Sagoo Mr Chetan Sagoo Mr Simran Sagoo iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02011450 2023-07-31 02011450 2024-07-31 02011450 2023-08-01 2024-07-31 02011450 frs-core:CurrentFinancialInstruments 2024-07-31 02011450 frs-core:Non-currentFinancialInstruments 2024-07-31 02011450 frs-core:ComputerEquipment 2024-07-31 02011450 frs-core:ComputerEquipment 2023-08-01 2024-07-31 02011450 frs-core:ComputerEquipment 2023-07-31 02011450 frs-core:FurnitureFittings 2024-07-31 02011450 frs-core:FurnitureFittings 2023-08-01 2024-07-31 02011450 frs-core:FurnitureFittings 2023-07-31 02011450 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-31 02011450 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02011450 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 02011450 frs-core:MotorVehicles 2024-07-31 02011450 frs-core:MotorVehicles 2023-08-01 2024-07-31 02011450 frs-core:MotorVehicles 2023-07-31 02011450 frs-core:RevaluationReserve 2023-07-31 02011450 frs-core:RevaluationReserve 2024-07-31 02011450 frs-core:ShareCapital 2024-07-31 02011450 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 02011450 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 02011450 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 02011450 frs-bus:SmallEntities 2023-08-01 2024-07-31 02011450 frs-bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 02011450 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 02011450 frs-core:ListedExchangeTraded 2024-07-31 02011450 frs-core:ListedExchangeTraded 2023-07-31 02011450 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-07-31 02011450 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-07-31 02011450 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-07-31 02011450 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-07-31 02011450 frs-bus:Director1 2023-08-01 2024-07-31 02011450 frs-bus:Director2 2023-08-01 2024-07-31 02011450 frs-bus:Director3 2023-08-01 2024-07-31 02011450 frs-bus:Director4 2023-08-01 2024-07-31 02011450 frs-countries:EnglandWales 2023-08-01 2024-07-31 02011450 2022-07-31 02011450 2023-07-31 02011450 2022-08-01 2023-07-31 02011450 frs-core:CurrentFinancialInstruments 2023-07-31 02011450 frs-core:Non-currentFinancialInstruments 2023-07-31 02011450 frs-core:RevaluationReserve 2023-07-31 02011450 frs-core:ShareCapital 2023-07-31 02011450 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 02011450
Argan Asset Holdings Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Sagoo & Co.
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountants' Report
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 July 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. 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
CSJ Financial Solutions Ltd
13/05/2025
Sagoo & Co.
Chartered Accountants
63 The Grove
London
W5 5LL
Page 1
Page 2
Balance Sheet
Registered number: 02011450
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,948,219 6,883,863
Investments 5 9,467 9,467
6,957,686 6,893,330
CURRENT ASSETS
Debtors 6 240,450 275,324
Investments 7 49,481 49,481
Cash at bank and in hand 47,645 97,706
337,576 422,511
Creditors: Amounts Falling Due Within One Year 8 (86,704 ) (110,455 )
NET CURRENT ASSETS (LIABILITIES) 250,872 312,056
TOTAL ASSETS LESS CURRENT LIABILITIES 7,208,558 7,205,386
Creditors: Amounts Falling Due After More Than One Year 9 (4,829,071 ) (4,873,449 )
NET ASSETS 2,379,487 2,331,937
CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 2,100,000 2,100,000
Profit and Loss Account 279,387 231,837
SHAREHOLDERS' FUNDS 2,379,487 2,331,937
Page 2
Page 3
For the year ending 31 July 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 Sukhdev Sagoo
Director
13/05/2025
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Argan Asset Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 02011450 . The registered office is 63 The Grove, London, W5 5LL.
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:
Freehold 0%
Motor Vehicles 10% reducing balance
Fixtures & Fittings 15% reducingbalance
Computer Equipment 15% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 5)
4 5
Page 4
Page 5
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2023 6,830,143 64,900 33,387 1,259 6,929,689
Additions 70,000 - 171 - 70,171
As at 31 July 2024 6,900,143 64,900 33,558 1,259 6,999,860
Depreciation
As at 1 August 2023 - 19,520 25,958 348 45,826
Provided during the period - 4,538 1,140 137 5,815
As at 31 July 2024 - 24,058 27,098 485 51,641
Net Book Value
As at 31 July 2024 6,900,143 40,842 6,460 774 6,948,219
As at 1 August 2023 6,830,143 45,380 7,429 911 6,883,863
5. Investments
Listed
£
Cost
As at 1 August 2023 9,467
As at 31 July 2024 9,467
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 9,467
As at 1 August 2023 9,467
Page 5
Page 6
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 21,486 20,222
Prepayments and accrued income 1,462 1,462
Other debtors 217,502 253,640
240,450 275,324
7. Current Asset Investments
2024 2023
£ £
Unlisted investments 49,481 49,481
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 14,954 22,511
Bank loans and overdrafts 28,193 32,649
Corporation tax 4,317 17,117
Other creditors 39,240 19,095
Accruals and deferred income - 19,083
86,704 110,455
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,630,000 4,630,000
Other loans 199,071 243,449
4,829,071 4,873,449
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 6
Page 7
11. Reserves
Revaluation Reserve
£
As at 1 August 2023 2,100,000
As at 31 July 2024 2,100,000
Page 7