Acorah Software Products - Accounts Production 16.4.675 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 03440177 J Harris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03440177 2023-11-30 03440177 2024-11-30 03440177 2023-12-01 2024-11-30 03440177 frs-core:Non-currentFinancialInstruments 2024-11-30 03440177 frs-core:ComputerEquipment 2024-11-30 03440177 frs-core:ComputerEquipment 2023-12-01 2024-11-30 03440177 frs-core:ComputerEquipment 2023-11-30 03440177 frs-core:ShareCapital 2024-11-30 03440177 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 03440177 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 03440177 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 03440177 frs-bus:SmallEntities 2023-12-01 2024-11-30 03440177 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 03440177 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 03440177 frs-bus:Director1 2023-12-01 2024-11-30 03440177 frs-countries:EnglandWales 2023-12-01 2024-11-30 03440177 2022-11-30 03440177 2023-11-30 03440177 2022-12-01 2023-11-30 03440177 frs-core:Non-currentFinancialInstruments 2023-11-30 03440177 frs-core:ShareCapital 2023-11-30 03440177 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 03440177
Needed Properties Ltd.
Financial Statements
For The Year Ended 30 November 2024
Oakensen (Bristol) Limited
Chartered Accountants
Westbury Court Church Road
Westbury-on-Trym
Bristol
BS9 3EF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03440177
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 516 774
Investment Properties 5 241,133 -
241,649 774
CURRENT ASSETS
Cash at bank and in hand 141,079 274,116
141,079 274,116
Creditors: Amounts Falling Due Within One Year 6 (1,234 ) (1,060 )
NET CURRENT ASSETS (LIABILITIES) 139,845 273,056
TOTAL ASSETS LESS CURRENT LIABILITIES 381,494 273,830
Creditors: Amounts Falling Due After More Than One Year 7 (326,862 ) (211,680 )
NET ASSETS 54,632 62,150
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 54,631 62,149
SHAREHOLDERS' FUNDS 54,632 62,150
Page 1
Page 2
For the year ending 30 November 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
J Harris
Director
18 July 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
Needed Properties Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 03440177 . The registered office is 51 Portland Road, Street, BA16 9PX.
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. 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:
Computer Equipment 25% Straight Line Method.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable 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.
Current 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 tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 December 2023 1,032
As at 30 November 2024 1,032
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 December 2023 258
Provided during the period 258
As at 30 November 2024 516
Net Book Value
As at 30 November 2024 516
As at 1 December 2023 774
5. Investment Property
2024
£
Fair Value
As at 1 December 2023 -
Additions 241,133
As at 30 November 2024 241,133
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,234 1,060
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 113,432 -
Other creditors 213,430 211,680
326,862 211,680
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4