Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 21 June 2023 false 1 January 2024 31 December 2024 31 December 2024 14950618 Kwok Fai Chan Chui King Fong iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14950618 2023-12-31 14950618 2024-12-31 14950618 2024-01-01 2024-12-31 14950618 frs-core:CurrentFinancialInstruments 2024-12-31 14950618 frs-core:Non-currentFinancialInstruments 2024-12-31 14950618 frs-core:FurnitureFittings 2024-12-31 14950618 frs-core:FurnitureFittings 2024-01-01 2024-12-31 14950618 frs-core:FurnitureFittings 2023-12-31 14950618 frs-core:ShareCapital 2024-12-31 14950618 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 14950618 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14950618 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 14950618 frs-bus:SmallEntities 2024-01-01 2024-12-31 14950618 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14950618 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14950618 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-01-01 2024-12-31 14950618 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 14950618 frs-bus:Director1 2024-01-01 2024-12-31 14950618 frs-bus:Director2 2024-01-01 2024-12-31 14950618 frs-core:CurrentFinancialInstruments 1 2024-12-31 14950618 frs-countries:EnglandWales 2024-01-01 2024-12-31 14950618 2023-06-20 14950618 2023-12-31 14950618 2023-06-21 2023-12-31 14950618 frs-core:CurrentFinancialInstruments 2023-12-31 14950618 frs-core:Non-currentFinancialInstruments 2023-12-31 14950618 frs-core:ShareCapital 2023-12-31 14950618 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 14950618 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 14950618 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 14950618
GG-639-158 Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14950618
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,012 5,377
Investment Properties 5 150,000 165,581
154,012 170,958
CURRENT ASSETS
Debtors 6 5,958 1,116
Cash at bank and in hand 337 545
6,295 1,661
Creditors: Amounts Falling Due Within One Year 7 (171,495 ) (174,652 )
NET CURRENT ASSETS (LIABILITIES) (165,200 ) (172,991 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,188 ) (2,033 )
NET LIABILITIES (11,188 ) (2,033 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 (16,352 ) -
Profit and Loss Account 5,064 (2,133 )
SHAREHOLDERS' FUNDS (11,188) (2,033)
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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 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
Kwok Fai Chan
Director
Chui King Fong
Director
02/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
GG-639-158 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14950618 . The registered office is 1 Lyric Square, London, W6 0NB.
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.
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:
Fixtures & Fittings 25% Straight Line
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.
2.5. 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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4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 1 January 2024 5,377
As at 31 December 2024 5,377
Depreciation
As at 1 January 2024 -
Provided during the period 1,365
As at 31 December 2024 1,365
Net Book Value
As at 31 December 2024 4,012
As at 1 January 2024 5,377
5. Investment Property
31 December 2024
£
Fair Value
As at 1 January 2024 165,581
Additions 4,607
Revaluations (20,188)
As at 31 December 2024 150,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
31 December 2024 31 December 2023
£ £
Cost - 165,581
6. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Prepayments and accrued income 1,562 556
Other debtors- GG-672-858 Limited 500 500
Called up share capital not paid 60 60
2,122 1,116
Due after more than one year
Deferred tax current asset 3,836 -
5,958 1,116
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7. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Corporation tax 1,837 -
Other creditors - GG-913-513 Limited 165,380 169,500
Other creditors- GG-115-658 Limited 284 284
Accruals and deferred income 108 -
Directors' loan accounts 3,886 4,868
171,495 174,652
8. Share Capital
31 December 2024 31 December 2023
£ £
Called Up Share Capital not Paid 60 60
Called Up Share Capital has been paid up 40 40
Amount of Allotted, Called Up Share Capital 100 100
9. Reserves
Fair Value Reserve
£
Transfer to profit and loss (16,352 )
As at 31 December 2024 (16,352 )
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