Acorah Software Products - Accounts Production 16.3.350 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 11017222 Mr Giuseppe Sollami Mr Giacomo Colangelo iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11017222 2023-10-31 11017222 2024-10-31 11017222 2023-11-01 2024-10-31 11017222 frs-core:CurrentFinancialInstruments 2024-10-31 11017222 frs-core:Non-currentFinancialInstruments 2024-10-31 11017222 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-10-31 11017222 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 11017222 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 11017222 frs-core:ShareCapital 2024-10-31 11017222 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 11017222 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11017222 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 11017222 frs-bus:SmallEntities 2023-11-01 2024-10-31 11017222 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 11017222 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 11017222 frs-bus:Director1 2023-11-01 2024-10-31 11017222 frs-bus:Director2 2023-11-01 2024-10-31 11017222 frs-countries:EnglandWales 2023-11-01 2024-10-31 11017222 2022-10-31 11017222 2023-10-31 11017222 2022-11-01 2023-10-31 11017222 frs-core:CurrentFinancialInstruments 2023-10-31 11017222 frs-core:Non-currentFinancialInstruments 2023-10-31 11017222 frs-core:ShareCapital 2023-10-31 11017222 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 11017222
Property GG Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Assets Limited
Chiltern Chambers
St Peters Avenue
Reading
Berkshire
RG47DH
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11017222
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 164,014 164,014
164,014 164,014
CURRENT ASSETS
Cash at bank and in hand 1,878 1,931
1,878 1,931
Creditors: Amounts Falling Due Within One Year 5 (42,145 ) (34,486 )
NET CURRENT ASSETS (LIABILITIES) (40,267 ) (32,555 )
TOTAL ASSETS LESS CURRENT LIABILITIES 123,747 131,459
Creditors: Amounts Falling Due After More Than One Year 6 (131,679 ) (136,510 )
NET LIABILITIES (7,932 ) (5,051 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (8,032 ) (5,151 )
SHAREHOLDERS' FUNDS (7,932) (5,051)
For the year ending 31 October 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
Mr Giacomo Colangelo
Director
26/06/2025
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
Property GG Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11017222 . The registered office is Chiltern Chambers, St Peters Avenue, Caversham, Reading, Berkshire, RG4 7DH.
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. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. 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:
Leasehold Nil
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Land & Property
Leasehold
£
Cost
As at 1 November 2023 164,014
As at 31 October 2024 164,014
Net Book Value
As at 31 October 2024 164,014
As at 1 November 2023 164,014
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 950 1,211
Accruals and deferred income 1,169 570
Directors' loan accounts 40,026 32,705
42,145 34,486
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 16,368 21,199
Mortgage loans 115,311 115,311
131,679 136,510
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3