Acorah Software Products - Accounts Production 16.3.350 false true false 27 September 2023 30 September 2024 30 September 2024 15169179 Mr C P Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15169179 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-09-30 15169179 2023-09-26 15169179 2024-09-30 15169179 2023-09-27 2024-09-30 15169179 frs-core:CurrentFinancialInstruments 2024-09-30 15169179 frs-core:Non-currentFinancialInstruments 2024-09-30 15169179 frs-core:ShareCapital 2024-09-30 15169179 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 15169179 frs-bus:PrivateLimitedCompanyLtd 2023-09-27 2024-09-30 15169179 frs-bus:FilletedAccounts 2023-09-27 2024-09-30 15169179 frs-bus:SmallEntities 2023-09-27 2024-09-30 15169179 frs-bus:AuditExempt-NoAccountantsReport 2023-09-27 2024-09-30 15169179 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-27 2024-09-30 15169179 frs-core:UnlistedNon-exchangeTraded 2024-09-30 15169179 frs-core:UnlistedNon-exchangeTraded 2023-09-26 15169179 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-09-26 15169179 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-09-30 15169179 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-09-30 15169179 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-09-26 15169179 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-09-30 15169179 frs-bus:Director1 2023-09-27 2024-09-30 15169179 frs-countries:EnglandWales 2023-09-27 2024-09-30
Registered number: 15169179
Gradan Homes Investment Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 15169179
2024
Notes £ £
FIXED ASSETS
Investment Properties 4 4,678,000
Investments 5 100
4,678,100
CURRENT ASSETS
Debtors 6 178,273
Cash at bank and in hand 11,516
189,789
Creditors: Amounts Falling Due Within One Year 7 (1,282,734 )
NET CURRENT ASSETS (LIABILITIES) (1,092,945 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,585,155
Creditors: Amounts Falling Due After More Than One Year 8 (3,593,128 )
NET LIABILITIES (7,973 )
CAPITAL AND RESERVES
Called up share capital 10 200
Profit and Loss Account (8,173 )
SHAREHOLDERS' FUNDS (7,973)
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For the year ending 30 September 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 C P Jones
Director
25 June 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Gradan Homes Investment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15169179 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
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.
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.
2.3. Investment Properties
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
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.
2.4. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.5. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL
-
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4. Investment Property
2024
£
Fair Value
As at 27 September 2023 -
Additions 4,678,000
As at 30 September 2024 4,678,000
The directors have valued the investment properties on an open market basis as at the reporting date, which they consider accurately reflects their fair value.
5. Investments
Unlisted
£
Cost
As at 27 September 2023 -
Additions 100
As at 30 September 2024 100
Provision
As at 27 September 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 100
As at 27 September 2023 -
The company owns 100% ordinary share capital of Gradan Homes Limited - a company registered in England. Gradan Homes Limited registered office is 11 - 13 Hanover Street, Liverpool, Merseyside, England, L1 3DN.
Gradan Homes Limited financial information for the period ended 30th September 2024:
2024
£
Capital and reserves
6,006,798
The company is exempt from preparing consolidated accounts under the small companies regime.
6. Debtors
2024
£
Due within one year
Other debtors 178,273
7. Creditors: Amounts Falling Due Within One Year
2024
£
Amounts owed to group undertakings 1,265,800
Other creditors 16,934
1,282,734
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8. Creditors: Amounts Falling Due After More Than One Year
2024
£
Bank loans 3,593,128
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024
£
Bank loans 3,593,128
9. Secured Creditors
The bank loans are secured against the properties by which they relate.
10. Share Capital
2024
£
Allotted, Called up and fully paid 200
11. Directors Advances, Credits and Guarantees
The director received advances during the year totalling £200 and repaid amounts totalling £100. All advances are repayable on demand. The advance carried forward is £100.
The above loan is interest free and repayable on demand.
12. Related Party Transactions
The company has taken advantage of the exemption available under Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland' not to disclose related party transactions with wholly owned subsidiaries.
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