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 07386708 Mr Mustapha Jaeban Mrs Louise Jaeban iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07386708 2023-09-30 07386708 2024-09-30 07386708 2023-10-01 2024-09-30 07386708 frs-core:CurrentFinancialInstruments 2024-09-30 07386708 frs-core:Non-currentFinancialInstruments 2024-09-30 07386708 frs-core:LandBuildings 2024-09-30 07386708 frs-core:LandBuildings 2023-09-30 07386708 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 07386708 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 07386708 frs-core:RevaluationReserve 2024-09-30 07386708 frs-core:ShareCapital 2024-09-30 07386708 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 07386708 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07386708 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 07386708 frs-bus:SmallEntities 2023-10-01 2024-09-30 07386708 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07386708 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07386708 frs-bus:Director1 2023-10-01 2024-09-30 07386708 frs-bus:Director2 2023-10-01 2024-09-30 07386708 frs-countries:EnglandWales 2023-10-01 2024-09-30 07386708 2022-09-30 07386708 2023-09-30 07386708 2022-10-01 2023-09-30 07386708 frs-core:CurrentFinancialInstruments 2023-09-30 07386708 frs-core:Non-currentFinancialInstruments 2023-09-30 07386708 frs-core:RevaluationReserve 2023-09-30 07386708 frs-core:ShareCapital 2023-09-30 07386708 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 07386708
L & R Associates Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
DA Coffey and Associates LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07386708
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,562,416 1,562,416
1,562,416 1,562,416
CURRENT ASSETS
Debtors 5 234,477 173,434
Cash at bank and in hand 18,643 36,361
253,120 209,795
Creditors: Amounts Falling Due Within One Year 6 (48,384 ) (1,201 )
NET CURRENT ASSETS (LIABILITIES) 204,736 208,594
TOTAL ASSETS LESS CURRENT LIABILITIES 1,767,152 1,771,010
Creditors: Amounts Falling Due After More Than One Year 7 (1,105,686 ) (1,106,574 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (592,451 ) (567,052 )
NET ASSETS 69,015 97,384
CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 511,925 511,925
Profit and Loss Account (443,010 ) (414,641 )
SHAREHOLDERS' FUNDS 69,015 97,384
Page 1
Page 2
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 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 Mustapha Jaeban
Director
27 June 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
L & R Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07386708 . The registered office is 358 Leagrave Road, Luton, Bedfordshire, LU3 1RF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the rents recieved by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Freehold NIL
Leasehold NIL
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 market value.
2.5. 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 year 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Buildings
£
Cost or Valuation
As at 1 October 2023 1,562,416
As at 30 September 2024 1,562,416
Net Book Value
As at 30 September 2024 1,562,416
As at 1 October 2023 1,562,416
The Property portfolio owned by the company have been revalued based on a market estimate which the director which is believed to be a true reflection of their fair value.
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 48,938 15,488
Amounts owed by participating interests 112,286 101,786
Other debtors 20,773 3,680
181,997 120,954
Due after more than one year
Other debtors 52,480 52,480
234,477 173,434
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 37,384 1
Other creditors 11,000 1,200
48,384 1,201
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,105,686 1,106,574
During the year, the company had charges registered to them against the value of 5 mortgaged properties. Included with in creditors are charges totalling £1,105,686 (2022: £1,106,574). Mortgages are interest only over a 25 year period. 
8. Contingent Liabilities
2024 2023
£ £
At the end of the period 592,451 567,052
The company had contingent liabilities in respect of upcoming legal costs.
9. Related Party Transactions
During the year the company provided A loan to Jaeban Limited, A company under the common control of the
director. At the end of the year the company is owed £112,286 (2023: 101,787).
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