Acorah Software Products - Accounts Production 16.4.675 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 12867534 Mr Jagdeep Barar true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12867534 2023-10-31 12867534 2024-10-31 12867534 2023-11-01 2024-10-31 12867534 frs-core:CurrentFinancialInstruments 2024-10-31 12867534 frs-core:Non-currentFinancialInstruments 2024-10-31 12867534 frs-core:ShareCapital 2024-10-31 12867534 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 12867534 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12867534 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 12867534 frs-bus:SmallEntities 2023-11-01 2024-10-31 12867534 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12867534 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12867534 1 2023-11-01 2024-10-31 12867534 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-10-31 12867534 frs-bus:Director1 2023-11-01 2024-10-31 12867534 frs-countries:EnglandWales 2023-11-01 2024-10-31 12867534 2022-10-31 12867534 2023-10-31 12867534 2022-11-01 2023-10-31 12867534 frs-core:CurrentFinancialInstruments 2023-10-31 12867534 frs-core:Non-currentFinancialInstruments 2023-10-31 12867534 frs-core:ShareCapital 2023-10-31 12867534 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12867534 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31
Registered number: 12867534
Lucas Place Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12867534
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 6,230,000 1,373,182
6,230,000 1,373,182
CURRENT ASSETS
Debtors 5 26,878 -
Cash at bank and in hand 14,822 10,923
41,700 10,923
Creditors: Amounts Falling Due Within One Year 6 (701,519 ) (1,500 )
NET CURRENT ASSETS (LIABILITIES) (659,819 ) 9,423
TOTAL ASSETS LESS CURRENT LIABILITIES 5,570,181 1,382,605
Creditors: Amounts Falling Due After More Than One Year 7 (5,141,871 ) (1,405,948 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (139,257 ) -
NET ASSETS/(LIABILITIES) 289,053 (23,343 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 557,026 -
Profit and Loss Account (268,073 ) (23,443 )
SHAREHOLDERS' FUNDS 289,053 (23,343)
Page 1
Page 2
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 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 Jagdeep Barar
Director
18/07/2025
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
Lucas Place Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12867534 . The registered office is 1 Callingham Place, Beaconsfield, HP9 2BT.
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 represents rent receivable.
2.3. Taxation
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investment Property
2024
£
Fair Value
As at 1 November 2023 1,373,182
Additions 4,665,626
Revaluations 557,026
Transfers (365,834 )
As at 31 October 2024 6,230,000
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 225 -
Other debtors 26,653 -
26,878 -
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Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 630,945 -
Other creditors 70,574 1,500
701,519 1,500
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,641,318 602,700
Amts owed by/to group undertaking 1,500,553 803,248
5,141,871 1,405,948
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Ultimate Controlling Party
The company's ultimate controlling party is Barar Homes Ltd by virtue of his ownership of 100% of the issued share capital in the company.
Page 4