Acorah Software Products - Accounts Production 16.3.350 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 09581935 Mrs Izabela Pytkowska-Pilc Mr Jonathan Field Dr Oskar Nawoj iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09581935 2023-06-30 09581935 2024-06-30 09581935 2023-07-01 2024-06-30 09581935 frs-core:CurrentFinancialInstruments 2024-06-30 09581935 frs-core:Non-currentFinancialInstruments 2024-06-30 09581935 frs-core:RevaluationReserve 2023-06-30 09581935 frs-core:RevaluationReserve 2024-06-30 09581935 frs-core:ShareCapital 2024-06-30 09581935 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 09581935 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09581935 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 09581935 frs-bus:SmallEntities 2023-07-01 2024-06-30 09581935 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09581935 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 09581935 frs-bus:Director1 2023-07-01 2024-06-30 09581935 frs-bus:Director2 2023-07-01 2024-06-30 09581935 frs-bus:Director3 2023-07-01 2024-06-30 09581935 frs-countries:EnglandWales 2023-07-01 2024-06-30 09581935 2022-06-30 09581935 2023-06-30 09581935 2022-07-01 2023-06-30 09581935 frs-core:CurrentFinancialInstruments 2023-06-30 09581935 frs-core:Non-currentFinancialInstruments 2023-06-30 09581935 frs-core:RevaluationReserve 2023-06-30 09581935 frs-core:ShareCapital 2023-06-30 09581935 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 09581935
Amber Properties Sw Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09581935
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 189,000 189,000
189,000 189,000
CURRENT ASSETS
Debtors 5 280,317 292,179
Cash at bank and in hand 135 387
280,452 292,566
Creditors: Amounts Falling Due Within One Year 6 (191,036 ) (190,581 )
NET CURRENT ASSETS (LIABILITIES) 89,416 101,985
TOTAL ASSETS LESS CURRENT LIABILITIES 278,416 290,985
Creditors: Amounts Falling Due After More Than One Year 7 (247,867 ) (248,114 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,056 ) (19,137 )
NET ASSETS 14,493 23,734
CAPITAL AND RESERVES
Called up share capital 9 6 6
Revaluation reserve 10 57,412 57,412
Profit and Loss Account (42,925 ) (33,684 )
SHAREHOLDERS' FUNDS 14,493 23,734
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For the year ending 30 June 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
Mrs Izabela Pytkowska-Pilc
Director
Mr Jonathan Field
Director
Dr Oskar Nawoj
Director
26 June 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Amber Properties Sw Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09581935 . The registered office is 5 Den Road, Teignmouth, Devon, TQ14 8AR.
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. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their fair value. Gains and losses are recognised initially in the profit and loss account, and subsequently held within a fair value reserve until the property is sold. Deferred taxation is provided for on gains and losses at the rate expected to apply when the property is sold.
2.5. Financial Instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
2.6. 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.
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2.7. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Investment Property
2024
£
Fair Value
As at 1 July 2023 and 30 June 2024 189,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
as restated
£ £
Cost 160,645 160,645
5. Debtors
2024 2023
as restated
£ £
Due within one year
Other debtors 280,317 292,179
6. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors - (1 )
Bank loans and overdrafts 7,500 7,500
Corporation tax 36,724 48,264
Accruals and deferred income 14,680 14,660
Directors' loan accounts 132,132 120,158
191,036 190,581
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Bank loans 247,867 248,114
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8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
as restated
£ £
Bank loans and overdrafts 207,239 207,486
9. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 6 6
10. Reserves
Revaluation Reserve
£
As at 1 July 2023 57,412
As at 30 June 2024 57,412
The revaluation reserve relates to net investment property gains recognised through profit & loss. A seperate reserves balance is maintained as they are profits which are not available for distribution, as they are currently unrealised.
11. Related Party Transactions
At the year end, 30 June 2024, the directors were owed £132,132 (2023: £120,158) in respect of loans held with the company. These amounts are interest free and repayable on demand.
At the year end, 30 June 2024, connected companies owed the company £277,607 (2023: £292,115). The balances arise from transactions between connected companies. The companies are connected by virtue of common directors and shareholders. These amounts are interest free, repayable on demand and are included within debtors due within one year.
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