Acorah Software Products - Accounts Production 16.3.350 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 03828841 Ms Olena Volkova Ms Olena Volkova iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03828841 2023-08-31 03828841 2024-08-31 03828841 2023-09-01 2024-08-31 03828841 frs-core:CurrentFinancialInstruments 2024-08-31 03828841 frs-core:Non-currentFinancialInstruments 2024-08-31 03828841 frs-core:ShareCapital 2024-08-31 03828841 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 03828841 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 03828841 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 03828841 frs-bus:SmallEntities 2023-09-01 2024-08-31 03828841 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 03828841 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 03828841 frs-bus:Director1 2023-09-01 2024-08-31 03828841 frs-bus:Director2 2023-09-01 2024-08-31 03828841 frs-countries:EnglandWales 2023-09-01 2024-08-31 03828841 2022-08-31 03828841 2023-08-31 03828841 2022-09-01 2023-08-31 03828841 frs-core:CurrentFinancialInstruments 2023-08-31 03828841 frs-core:Non-currentFinancialInstruments 2023-08-31 03828841 frs-core:ShareCapital 2023-08-31 03828841 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 03828841
Moston Properties Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Ryder Tax Consultants Ltd
Richmond Bridge House 419 Richmond Road
Twickenham
TW1 2EX
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 03828841
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 16,693,387 16,060,939
16,693,387 16,060,939
Creditors: Amounts Falling Due Within One Year 5 (6,051,817 ) (5,260,986 )
NET CURRENT ASSETS (LIABILITIES) 10,641,570 10,799,953
TOTAL ASSETS LESS CURRENT LIABILITIES 10,641,570 10,799,953
Creditors: Amounts Falling Due After More Than One Year 6 (10,643,251 ) (10,799,307 )
NET (LIABILITIES)/ASSETS (1,681 ) 646
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (1,683 ) 644
SHAREHOLDERS' FUNDS (1,681) 646
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 Profit and Loss Account.
On behalf of the board
Ms Olena Volkova
Director
Ms Olena Volkova
Director
27/05/2025
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
Moston Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03828841 . The registered office is 167-169 Great Portland Street, 5th Floor, London, W1W 5PF.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Financial Instruments
Financial instruments
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual
provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements
entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after
deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally
enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to
realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price
including transaction costs and are subsequently carried at amortised cost using the effective interest method unless
the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the
future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not
amortised.
Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset
expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership
of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of
ownership, has transferred control of the asset to another party.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that
are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing
transaction, where the debt instrument is measured at the present value of the future payments discounted at a
market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business
from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not,
they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and
subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
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: 1 (2023: 1)
1 1
Page 2
Page 3
4. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 322,240 369,737
Other debtors 5,727,896 4,891,896
6,050,136 5,261,633
Due after more than one year
Loan receivables 10,643,251 10,799,306
16,693,387 16,060,939
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 6,044,917 5,238,546
Accruals and deferred income 6,900 22,440
6,051,817 5,260,986
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 10,643,251 10,799,307
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 3