Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 8 December 2022 false 1 January 2024 31 December 2024 31 December 2024 NI693072 Mr Gordon Burns iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI693072 2023-12-31 NI693072 2024-12-31 NI693072 2024-01-01 2024-12-31 NI693072 frs-core:CurrentFinancialInstruments 2024-12-31 NI693072 frs-core:ShareCapital 2024-12-31 NI693072 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI693072 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI693072 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 NI693072 frs-bus:SmallEntities 2024-01-01 2024-12-31 NI693072 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 NI693072 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 NI693072 frs-bus:Director1 2024-01-01 2024-12-31 NI693072 frs-countries:NorthernIreland 2024-01-01 2024-12-31 NI693072 2022-12-07 NI693072 2023-12-31 NI693072 2022-12-08 2023-12-31 NI693072 frs-core:CurrentFinancialInstruments 2023-12-31 NI693072 frs-core:ShareCapital 2023-12-31 NI693072 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: NI693072
Gde Property Holdings Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Gray + Press Accountants
21 Old Channel Road
Unit 4A Channel Wharf
Belfast
Antrim
BT3 9DE
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: NI693072
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 167,468 79,115
167,468 79,115
CURRENT ASSETS
Cash at bank and in hand 10,110 92,704
10,110 92,704
Creditors: Amounts Falling Due Within One Year 5 (172,800 ) (171,697 )
NET CURRENT ASSETS (LIABILITIES) (162,690 ) (78,993 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,778 122
NET ASSETS 4,778 122
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account 4,777 121
SHAREHOLDERS' FUNDS 4,778 122
For the year ending 31 December 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 Gordon Burns
Director
28/04/2025
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
Gde Property Holdings Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI693072 . The registered office is Unit 4a Channel Wharf, 21 Old Channel Road, Belfast, Antrim, BT3 9DE.
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.
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. Investment Properties
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment property is carried at fair value determined annually by the directors. There has not been a third party valuation carried out on the property. The director is of the opinion that the fair value is reflective of the value which could be realised in the event of a sale.
2.4. 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)
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Page 3
4. Investment Property
31 December 2024
£
Fair Value
As at 1 January 2024 79,115
Additions 88,353
As at 31 December 2024 167,468
5. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Amounts owed to group undertakings 170,100 170,100
Other creditors 1,608 1,527
Taxation and social security 1,092 70
172,800 171,697
6. Related Party Transactions
Included in other creditors are amounts owing to a related party totalling £170,100.
Page 3