Acorah Software Products - Accounts Production 16.3.350 false true 30 June 2023 6 June 2022 false 1 July 2023 30 June 2024 30 June 2024 14150505 Mr Youssef Fakhreddine iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14150505 2023-06-30 14150505 2024-06-30 14150505 2023-07-01 2024-06-30 14150505 frs-core:CurrentFinancialInstruments 2024-06-30 14150505 frs-core:Non-currentFinancialInstruments 2024-06-30 14150505 frs-core:ShareCapital 2024-06-30 14150505 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 14150505 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14150505 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 14150505 frs-bus:SmallEntities 2023-07-01 2024-06-30 14150505 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 14150505 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 14150505 frs-bus:Director1 2023-07-01 2024-06-30 14150505 frs-countries:EnglandWales 2023-07-01 2024-06-30 14150505 2022-06-05 14150505 2023-06-30 14150505 2022-06-06 2023-06-30 14150505 frs-core:CurrentFinancialInstruments 2023-06-30 14150505 frs-core:Non-currentFinancialInstruments 2023-06-30 14150505 frs-core:ShareCapital 2023-06-30 14150505 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 14150505
YSF London Investment Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Ash & Associates
Chartered Accountants
First Floor
1A Leadenhall Market
London
EC3V 1LR
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14150505
30 June 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 3,313,921 1,487,253
3,313,921 1,487,253
CURRENT ASSETS
Debtors 5 59,762 -
Cash at bank and in hand 14,562 8,256
74,324 8,256
Creditors: Amounts Falling Due Within One Year 6 (16,510 ) (3,351 )
NET CURRENT ASSETS (LIABILITIES) 57,814 4,905
TOTAL ASSETS LESS CURRENT LIABILITIES 3,371,735 1,492,158
Creditors: Amounts Falling Due After More Than One Year 7 (3,363,631 ) (1,491,928 )
NET ASSETS 8,104 230
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 8,094 220
SHAREHOLDERS' FUNDS 8,104 230
For the year ending 30 June 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 Youssef Fakhreddine
Director
21st 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
YSF London Investment Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14150505 . The registered office is 69 Engadine Street, London, SW18 5BZ.
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. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.3. 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)
- -
4. Investment Property
30 June 2024
£
Fair Value
As at 1 July 2023 1,487,253
Additions 1,826,668
As at 30 June 2024 3,313,921
Page 2
Page 3
5. Debtors
30 June 2024 30 June 2023
£ £
Due within one year
Prepayments and accrued income 1,566 -
Other debtors 58,196 -
59,762 -
6. Creditors: Amounts Falling Due Within One Year
30 June 2024 30 June 2023
£ £
Corporation tax 1,847 51
Accruals and deferred income 14,663 3,300
16,510 3,351
7. Creditors: Amounts Falling Due After More Than One Year
30 June 2024 30 June 2023
£ £
Bank loans 2,227,601 894,201
Directors loan account 1,136,030 597,727
3,363,631 1,491,928
8. Share Capital
30 June 2024 30 June 2023
£ £
Allotted, Called up and fully paid 10 10
Page 3