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 09254008 Mr Jagdeep Barar true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09254008 2023-10-31 09254008 2024-10-31 09254008 2023-11-01 2024-10-31 09254008 frs-core:CurrentFinancialInstruments 2024-10-31 09254008 frs-core:Non-currentFinancialInstruments 2024-10-31 09254008 frs-core:ComputerEquipment 2024-10-31 09254008 frs-core:ComputerEquipment 2023-11-01 2024-10-31 09254008 frs-core:ComputerEquipment 2023-10-31 09254008 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 09254008 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 09254008 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 09254008 frs-core:MotorVehicles 2024-10-31 09254008 frs-core:MotorVehicles 2023-11-01 2024-10-31 09254008 frs-core:MotorVehicles 2023-10-31 09254008 frs-core:ShareCapital 2024-10-31 09254008 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 09254008 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09254008 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 09254008 frs-bus:SmallEntities 2023-11-01 2024-10-31 09254008 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 09254008 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 09254008 1 2023-11-01 2024-10-31 09254008 frs-core:CostValuation 2023-10-31 09254008 frs-core:CostValuation 2024-10-31 09254008 frs-core:ProvisionsForImpairmentInvestments 2023-10-31 09254008 frs-core:ProvisionsForImpairmentInvestments 2024-10-31 09254008 frs-bus:Director1 2023-11-01 2024-10-31 09254008 frs-countries:EnglandWales 2023-11-01 2024-10-31 09254008 2022-10-31 09254008 2023-10-31 09254008 2022-11-01 2023-10-31 09254008 frs-core:CurrentFinancialInstruments 2023-10-31 09254008 frs-core:Non-currentFinancialInstruments 2023-10-31 09254008 frs-core:WithinOneYear 2023-10-31 09254008 frs-core:ShareCapital 2023-10-31 09254008 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 09254008
Barar Homes Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09254008
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 679,144 15,459
Investments 5 100 100
679,244 15,559
CURRENT ASSETS
Stocks 6 - 2,316,245
Debtors 7 1,618,014 847,611
Cash at bank and in hand 665,945 325,852
2,283,959 3,489,708
Creditors: Amounts Falling Due Within One Year 8 (348,645 ) (1,070,683 )
NET CURRENT ASSETS (LIABILITIES) 1,935,314 2,419,025
TOTAL ASSETS LESS CURRENT LIABILITIES 2,614,558 2,434,584
Creditors: Amounts Falling Due After More Than One Year 9 (1,017,896 ) (748,572 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (42,763 ) -
NET ASSETS 1,553,899 1,686,012
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 1,553,799 1,685,912
SHAREHOLDERS' FUNDS 1,553,899 1,686,012
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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 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Barar Homes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09254008 . The registered office is 57 Malford Grove, London, E18 2DY.
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. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over is estimated useful life.
Freehold Not depreciated
Motor Vehicles 25% on cost
Computer Equipment 33% on cost
2.4. Stocks and Work in Progress
Stocks which comprises of development properties are valued at the lower of cost and estimated net realisable value. Stock includes principally the property cost, construction costs, project management costs and all associated costs incurred during the course of development. Net realisable value is the price at which the stock can be realised in the normal course of business, less further costs to completion of sale.Interest and loan arrangement fees payable to acquire properties for resale is written off as incurred. 
Work in Progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
Page 3
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4. Tangible Assets
Land & Property
Freehold Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 - 30,570 1,048 31,618
Additions 4,110,244 56,625 - 4,166,869
Transfers (3,481,297 ) - - (3,481,297 )
As at 31 October 2024 628,947 87,195 1,048 717,190
Depreciation
As at 1 November 2023 - 15,285 874 16,159
Provided during the period - 21,799 88 21,887
As at 31 October 2024 - 37,084 962 38,046
Net Book Value
As at 31 October 2024 628,947 50,111 86 679,144
As at 1 November 2023 - 15,285 174 15,459
5. Investments
Subsidiaries
£
Cost or Valuation
As at 1 November 2023 100
As at 31 October 2024 100
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 100
As at 1 November 2023 100
The company's investments at the Balance Sheet date in the share capital of companies include the following:
LUCAS PLACE LIMITED
Registered office: 1 Callingham Place, Beaconsfield, England, HP9 2BT
Nature of Business:Investments in property
                                                  %
Class of shares:                         holding 
Ordinary                                   100.00
                                                                                                      2024                2023
                                                                                                        (£)                   (£) 
Agreegate capital and reserves                                                     289,053             (23,443)
Profit / (Loss) for the year                                                            312,396             (23,443)
The above investment has been recognised at cost of £100 (2023 :100)
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6. Stocks
2024 2023
£ £
Stock - 628,947
Work in progress - 1,687,298
- 2,316,245
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 41,097 44,363
Due after more than one year
Amounts owed by group undertakings 1,500,553 803,248
Amounts owed by participating interests 76,364 -
1,576,917 803,248
1,618,014 847,611
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 1,460
Trade creditors 65,289 22,694
Bank loans and overdrafts 10,149 708,314
Other creditors 222,458 201,158
Taxation and social security 50,749 137,057
348,645 1,070,683
Other creditors includes Director's current account balance : £205,722 ( 2023 : £153,568)
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 317,896 328,022
Other loans 700,000 -
Amounts owed to participating interests - 420,550
1,017,896 748,572
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 1,460
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11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Ultimate Controlling Party
The company's ultimate controlling party is J S Barar by virtue of his ownership of 100% of the issued share capital in the company.
Page 6