Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 12164217 Mr James Diggens iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12164217 2023-08-31 12164217 2024-08-31 12164217 2023-09-01 2024-08-31 12164217 frs-core:CurrentFinancialInstruments 2024-08-31 12164217 frs-core:Non-currentFinancialInstruments 2024-08-31 12164217 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 12164217 frs-core:RevaluationReserve 2023-08-31 12164217 frs-core:RevaluationReserve 2024-08-31 12164217 frs-core:ShareCapital 2024-08-31 12164217 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 12164217 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12164217 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 12164217 frs-bus:SmallEntities 2023-09-01 2024-08-31 12164217 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12164217 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12164217 frs-bus:Director1 2023-09-01 2024-08-31 12164217 frs-countries:EnglandWales 2023-09-01 2024-08-31 12164217 2022-08-31 12164217 2023-08-31 12164217 2022-09-01 2023-08-31 12164217 frs-core:CurrentFinancialInstruments 2023-08-31 12164217 frs-core:Non-currentFinancialInstruments 2023-08-31 12164217 frs-core:RevaluationReserve 2023-08-31 12164217 frs-core:ShareCapital 2023-08-31 12164217 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 12164217
VP Solutions (Lacey Street) Ltd
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12164217
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 325,000 325,000
325,000 325,000
CURRENT ASSETS
Debtors 722 1,152
Cash at bank and in hand 3,174 4,521
3,896 5,673
Creditors: Amounts Falling Due Within One Year 5 (33,337 ) (31,346 )
NET CURRENT ASSETS (LIABILITIES) (29,441 ) (25,673 )
TOTAL ASSETS LESS CURRENT LIABILITIES 295,559 299,327
Creditors: Amounts Falling Due After More Than One Year 6 (248,447 ) (248,447 )
NET ASSETS 47,112 50,880
CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 8 167,250 167,250
Profit and Loss Account (120,238 ) (116,470 )
SHAREHOLDERS' FUNDS 47,112 50,880
Page 1
Page 2
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 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 James Diggens
Director
27 May 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
VP Solutions (Lacey Street) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12164217 . The registered office is Damer House, Meadow Way, Wickford, Essex, SS12 9HA.
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, excluding discounts, rebates, value added taxes, and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and 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 No depreciation provided
No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The directors undertake an annual impairment review of these properties.
2.4. 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.
3. Average Number of Employees
The average number of employees, including directors, during the year was as follows: 1 (2023: 1)
1 1
4. Investment Property
2024
£
Fair Value
As at 1 September 2023 and 31 August 2024 325,000
Page 3
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5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 11,573 11,573
Other creditors 21,764 19,773
33,337 31,346
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 248,447 248,447
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Reserves
Revaluation Reserve
£
As at 1 September 2023 167,250
As at 31 August 2024 167,250
9. Related Party Transactions
VP Solutions (Woodbridge Rd) Ltd
At the balance sheet date, £20 (2023 - nil) was owed to the company from VP Solutions (Woodbridge Rd) Ltd, a company in which J Diggens is also a director and is an associated company.
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