Acorah Software Products - Accounts Production 16.4.675 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 04921543 Mr John Bergman Ms Tracey Brock iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04921543 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-10-31 04921543 2023-10-31 04921543 2024-10-31 04921543 2023-11-01 2024-10-31 04921543 frs-core:CurrentFinancialInstruments 2024-10-31 04921543 frs-core:Non-currentFinancialInstruments 2024-10-31 04921543 frs-core:ComputerEquipment 2024-10-31 04921543 frs-core:ComputerEquipment 2023-11-01 2024-10-31 04921543 frs-core:ComputerEquipment 2023-10-31 04921543 frs-core:FurnitureFittings 2024-10-31 04921543 frs-core:FurnitureFittings 2023-11-01 2024-10-31 04921543 frs-core:FurnitureFittings 2023-10-31 04921543 frs-core:RevaluationReserve 2023-11-01 2024-10-31 04921543 frs-core:RevaluationReserve 2023-10-31 04921543 frs-core:RevaluationReserve 2024-10-31 04921543 frs-core:SharePremium 2024-10-31 04921543 frs-core:ShareCapital 2024-10-31 04921543 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 04921543 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04921543 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 04921543 frs-bus:SmallEntities 2023-11-01 2024-10-31 04921543 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 04921543 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 04921543 frs-bus:OrdinaryShareClass1 2023-11-01 2024-10-31 04921543 frs-bus:OrdinaryShareClass1 2024-10-31 04921543 frs-bus:Director1 2023-11-01 2024-10-31 04921543 frs-bus:Director2 2023-11-01 2024-10-31 04921543 frs-countries:EnglandWales 2023-11-01 2024-10-31 04921543 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-10-31 04921543 2022-10-31 04921543 2023-10-31 04921543 2022-11-01 2023-10-31 04921543 frs-core:CurrentFinancialInstruments 2023-10-31 04921543 frs-core:Non-currentFinancialInstruments 2023-10-31 04921543 frs-core:RevaluationReserve 2023-10-31 04921543 frs-core:SharePremium 2023-10-31 04921543 frs-core:ShareCapital 2023-10-31 04921543 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 04921543 frs-bus:OrdinaryShareClass1 2022-11-01 2023-10-31
Registered number: 04921543
JIBGN Ltd
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: 04921543
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,474 3,042
Investment Properties 6 1,955,000 275,000
1,957,474 278,042
CURRENT ASSETS
Debtors 7 31 -
Cash at bank and in hand 55 4,382
86 4,382
Creditors: Amounts Falling Due Within One Year 8 (40,611 ) (17,034 )
NET CURRENT ASSETS (LIABILITIES) (40,525 ) (12,652 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,916,949 265,390
Creditors: Amounts Falling Due After More Than One Year 9 (1,094,652 ) (126,425 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (22,496 ) (15,789 )
NET ASSETS 799,801 123,176
CAPITAL AND RESERVES
Called up share capital 11 1,000 2
Share premium account 691,027 -
Revaluation reserve 12 131,975 133,211
Profit and Loss Account (24,201 ) (10,037 )
SHAREHOLDERS' FUNDS 799,801 123,176
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 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 John Bergman
Director
23/07/2025
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
JIBGN Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04921543 . The registered office is Wellington House 273-275 High Street, London Colney, Herts, AL2 1HA.
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. Going Concern Disclosure
The company's financial statements have been prepared on a going concern basis. At the time of approving the financial statements the directors have a reasonable expectation that the current and future sources of funding will be adequate to support the company's operations for the foreseeable future. The support will will be provided by the directors. We beleive no further disclosures relating to the company's ability to continue as a going concern need ot be made in the financial statements. In assessing going concern, we have paid particular attention to a period of not less than one year from the date of approval of the financial statements.
2.3. 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 the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
2.4. 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 10% Straight Line
Computer Equipment 25% Straight Line
2.5. 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.
2.6. 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 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.
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 and deferred 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 and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: NIL)
2 -
4. Prior Period Adjustment
In preparing these accounts the directors have considered the treatment of the property it owns, as the property has always been held to generate rental income and for the purpose of capital gains they directors beleive this should be treated as an investment property and have restated the comparaives accordingly. 
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 November 2023 1,347 7,021 8,368
Additions - 192 192
Disposals - (3,690 ) (3,690 )
As at 31 October 2024 1,347 3,523 4,870
Depreciation
As at 1 November 2023 588 4,738 5,326
Provided during the period 134 626 760
Disposals - (3,690 ) (3,690 )
As at 31 October 2024 722 1,674 2,396
Net Book Value
As at 31 October 2024 625 1,849 2,474
As at 1 November 2023 759 2,283 3,042
6. Investment Property
2024
£
Fair Value
As at 1 November 2023 275,000
Additions 1,675,000
Revaluations 5,000
As at 31 October 2024 1,955,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
as restated
£ £
Cost 1,801,000 126,000
Accumulated depreciation and impairment 61,023 59,920
Carrying amount 1,739,977 66,080
The directors have determine the market value of the properties at the period end based on 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.
Page 4
Page 5
7. Debtors
2024 2023
as restated
£ £
Due within one year
VAT 31 -
8. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 804 -
Other taxes and social security 66 -
VAT - 386
Other creditors 8,700 1,148
Accruals and deferred income 7,467 500
Directors' loan accounts 23,574 15,000
40,611 17,034
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Bank loans 1,094,652 126,425
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
as restated
£ £
Bank loans 1,094,652 126,425
10. Secured Creditors
Of the creditors the following amounts are secured, these mortgages are secured against the investment property.
2024 2023
as restated
£ £
Bank loans and overdrafts 954,652 126,425
11. Share Capital
2024 2023
as restated
Allotted, called up and fully paid £ £
1,000 Ordinary Shares of £ 1.00 each 1,000 2
Shares issued during the period: £
998 Ordinary Shares of £ 1.00 each 998
Page 5
Page 6
12. Reserves
Revaluation Reserve
£
As at 1 November 2023 133,211
Transfer to profit and loss (1,236 )
As at 31 October 2024 131,975
Page 6