Acorah Software Products - Accounts Production 16.3.350 false true true 30 November 2023 30 November 2022 false 1 December 2023 30 November 2024 30 November 2024 14516933 Imad El Kahi Aline Feghali iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14516933 2023-11-30 14516933 2024-11-30 14516933 2023-12-01 2024-11-30 14516933 frs-core:CurrentFinancialInstruments 2024-11-30 14516933 frs-core:InvestmentPropertyIncludedWithinPPE 2024-11-30 14516933 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-01 2024-11-30 14516933 frs-core:InvestmentPropertyIncludedWithinPPE 2023-11-30 14516933 frs-core:ShareCapital 2024-11-30 14516933 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 14516933 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 14516933 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 14516933 frs-bus:SmallEntities 2023-12-01 2024-11-30 14516933 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 14516933 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 14516933 frs-bus:Director1 2023-12-01 2024-11-30 14516933 frs-bus:Director2 2023-12-01 2024-11-30 14516933 frs-countries:EnglandWales 2023-12-01 2024-11-30 14516933 2022-11-29 14516933 2023-11-30 14516933 2022-11-30 2023-11-30 14516933 frs-core:CurrentFinancialInstruments 2023-11-30 14516933 frs-core:ShareCapital 2023-11-30 14516933 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 14516933
Glj651 Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14516933
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 810,000 -
810,000 -
CURRENT ASSETS
Debtors 5 301 720
Cash at bank and in hand 7,207 180
7,508 900
Creditors: Amounts Falling Due Within One Year 6 (846,362 ) (2,920 )
NET CURRENT ASSETS (LIABILITIES) (838,854 ) (2,020 )
TOTAL ASSETS LESS CURRENT LIABILITIES (28,854 ) (2,020 )
NET LIABILITIES (28,854 ) (2,020 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (28,954 ) (2,120 )
SHAREHOLDERS' FUNDS (28,854) (2,020)
Page 1
Page 2
For the year ending 30 November 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
Imad El Kahi
Director
22 May 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
Glj651 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14516933 . The registered office is 809 Salisbury House 29 Finsbury Circus, London, EC2M 7AQ.
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. The directors believe that the company would have sufficient resources to continue to trade for foreseeable future.
2.3. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Income from investment properties
Rental income from investment properties leased out under an operating lease is recognised in the income statement on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income over the life of the lease.
Service charge income is recognised as revenue in the period to which it relates.
2.4. Investment Properties
Investment properties, including freehold and long leasehold properties, are those which are held either to earn rental income or for capital appreciation or both. Investment properties include property that is being constructed or developed for future use as an investment property.
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.
Investment properties whose fair value can be measured reliably are measured at fair value, based on the market valuations.
Any surplus or deficit on revaluation is recognised in the income statement as a fair value gains and losses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 December 2023 -
Additions 823,724
Revaluation (13,724 )
As at 30 November 2024 810,000
Net Book Value
As at 30 November 2024 810,000
As at 1 December 2023 -
The investment properties are valued, at balance sheet date, by directors of the company based on the assessment of available market information and property condition. The directors believe the their valuation would not be materially different from the professional valuation.
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 301 -
Directors' loan accounts - 720
301 720
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 11,992 720
Directors' loan accounts 834,370 -
Amounts owed to related parties - 2,200
846,362 2,920
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4
Page 5
8. Related Party Transactions
Included in creditors due within one year is an amount of £NIL (2023: £2,200 ) owed to the company in which the director has a beneficial interest. The amount is interest free and repayable on demand.
Included in creditors due within one year is an amount of £834,370 (2023 : £(720) ) owed to it's director. The amount is interest free and repayable on demand.
Page 5