Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 10957195 V D Goldstein iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10957195 2023-09-30 10957195 2024-09-30 10957195 2023-10-01 2024-09-30 10957195 frs-core:CurrentFinancialInstruments 2024-09-30 10957195 frs-core:Non-currentFinancialInstruments 2024-09-30 10957195 frs-core:FurnitureFittings 2024-09-30 10957195 frs-core:FurnitureFittings 2023-10-01 2024-09-30 10957195 frs-core:FurnitureFittings 2023-09-30 10957195 frs-core:ShareCapital 2024-09-30 10957195 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 10957195 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10957195 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 10957195 frs-bus:SmallEntities 2023-10-01 2024-09-30 10957195 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10957195 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10957195 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-09-30 10957195 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-09-30 10957195 frs-bus:Director1 2023-10-01 2024-09-30 10957195 frs-countries:EnglandWales 2023-10-01 2024-09-30 10957195 2022-09-30 10957195 2023-09-30 10957195 2022-10-01 2023-09-30 10957195 frs-core:CurrentFinancialInstruments 2023-09-30 10957195 frs-core:Non-currentFinancialInstruments 2023-09-30 10957195 frs-core:ShareCapital 2023-09-30 10957195 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 10957195 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-09-30
Registered number: 10957195
Bishops Stortford Developments Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Director V D Goldstein
Company Number 10957195
Registered Office 119 High Road
Loughton
IG10 4LT
Accountants Jones & Partners Limited
2nd Floor, Butler House
177-178 Tottenham Court Road
London
W1T 7AF
Page 1
Page 2
Balance Sheet
Registered number: 10957195
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 2,138
Investment Properties 5 700,000 700,000
700,000 702,138
CURRENT ASSETS
Debtors 6 1 1
Cash at bank and in hand 13,302 5,817
13,303 5,818
Creditors: Amounts Falling Due Within One Year 7 (308,929 ) (293,207 )
NET CURRENT ASSETS (LIABILITIES) (295,626 ) (287,389 )
TOTAL ASSETS LESS CURRENT LIABILITIES 404,374 414,749
Creditors: Amounts Falling Due After More Than One Year 8 (211,720 ) (217,758 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (38,995 ) (38,995 )
NET ASSETS 153,659 157,996
CAPITAL AND RESERVES
Called up share capital 10 1 1
Fair value reserve 11 116,986 116,986
Profit and Loss Account 36,672 41,009
SHAREHOLDERS' FUNDS 153,659 157,996
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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.
The financial statements were approved by the board of directors on 27 June 2025 and were signed on its behalf by:
V D Goldstein
Director
27 June 2025
The notes on pages 4 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Bishops Stortford Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10957195 . The registered office is 119 High Road, Loughton, IG10 4LT.
The presentation currency of the financial statements is the Pound Sterling (£).
Monetary amounts in these financial statements are rounded to the nearest £.
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 rental income. Turnover is reduced for rebates and other similar allowances.
Rental income is recognised on a straight line basis over the lease term.
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 20% on cost
2.4. Investment Properties
Investment property relates to fair value at the date of the revaluation less any subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensue the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date. No depreciation is provided for. 
Fair values are determine from market based evidence which has been valued by the director at the balance sheet date.
Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Taxation for the year 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.
...CONTINUED
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2.5. Taxation - continued
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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, during the year was as follows: NIL (2023: NIL)
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 October 2023 15,656
As at 30 September 2024 15,656
Depreciation
As at 1 October 2023 13,518
Provided during the period 2,138
As at 30 September 2024 15,656
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 2,138
5. Investment Property
2024
£
Fair Value
As at 1 October 2023 and 30 September 2024 700,000
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6. Debtors
2024 2023
£ £
Due within one year
Other debtors 1 1
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,090 2,611
Bank loans and overdrafts 5,611 10,279
Corporation tax - 30
VAT 4,218 187
Other creditors 20,000 20,000
Accruals and deferred income - 2,090
Amounts owed to associates 273,010 258,010
308,929 293,207
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 211,720 217,758
9. Secured Creditors
Of the creditors the following amounts are secured.
Bank loans £217,331 (2023: £228,037). 
The loan is secured by way of a charge over the investment property and V D Goldstein has provided a guarantee for the loan.
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
11. Reserves
Fair Value Reserve
£
As at 1 October 2023 116,986
As at 30 September 2024 116,986
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12. Related Party Transactions
At year end the company owed £273,010 (2023: £258,010) to The V Fund Ltd, a company in which V D Goldstein is a director.
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