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 04575321 Mr K Lim Mr M Lim Miss M Lim Mr M Lim iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04575321 2023-10-31 04575321 2024-10-31 04575321 2023-11-01 2024-10-31 04575321 frs-core:Non-currentFinancialInstruments 2024-10-31 04575321 frs-core:ComputerEquipment 2023-11-01 2024-10-31 04575321 frs-core:FurnitureFittings 2023-11-01 2024-10-31 04575321 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 04575321 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04575321 frs-core:MotorVehicles 2023-11-01 2024-10-31 04575321 frs-core:PlantMachinery 2023-11-01 2024-10-31 04575321 frs-core:ShareCapital 2024-10-31 04575321 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 04575321 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04575321 frs-bus:AbridgedAccounts 2023-11-01 2024-10-31 04575321 frs-bus:SmallEntities 2023-11-01 2024-10-31 04575321 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 04575321 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 04575321 frs-bus:Director1 2023-11-01 2024-10-31 04575321 frs-bus:Director2 2023-11-01 2024-10-31 04575321 frs-bus:Director3 2023-11-01 2024-10-31 04575321 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 04575321 frs-countries:EnglandWales 2023-11-01 2024-10-31 04575321 2022-10-31 04575321 2023-10-31 04575321 2022-11-01 2023-10-31 04575321 frs-core:Non-currentFinancialInstruments 2023-10-31 04575321 frs-core:ShareCapital 2023-10-31 04575321 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 04575321
ML Homes Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 October 2024
Joshua Leigh & Co Ltd
Chartered Accountants
159 High Street
Barnet
EN5 5SU
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 04575321
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,197,668 5,204,355
Investment Properties 5 443,841 443,841
5,641,509 5,648,196
CURRENT ASSETS
Debtors 183,942 100,001
Cash at bank and in hand 1,329,071 1,158,955
1,513,013 1,258,956
Creditors: Amounts Falling Due Within One Year (307,393 ) (326,726 )
NET CURRENT ASSETS (LIABILITIES) 1,205,620 932,230
TOTAL ASSETS LESS CURRENT LIABILITIES 6,847,129 6,580,426
Creditors: Amounts Falling Due After More Than One Year (660,549 ) (697,662 )
NET ASSETS 6,186,580 5,882,764
CAPITAL AND RESERVES
Called up share capital 10 10
Profit and Loss Account 6,186,570 5,882,754
SHAREHOLDERS' FUNDS 6,186,580 5,882,764
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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 October 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr K Lim
Director
25 July 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
ML Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04575321 . The registered office is 4 Elm Park Road, Finchley, London, N3 1EB.
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 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.
2.3. 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:
Freehold Not depreciated
Leasehold Over the term of the lease
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.4. 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.
2.5. 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 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2023: 13)
21 13
4. Tangible Assets
Total
£
Cost
As at 1 November 2023 5,481,396
Additions 17,669
As at 31 October 2024 5,499,065
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 November 2023 277,041
Provided during the period 24,356
As at 31 October 2024 301,397
Net Book Value
As at 31 October 2024 5,197,668
As at 1 November 2023 5,204,355
5. Investment Property
2024
£
Fair Value
As at 1 November 2023 and 31 October 2024 443,841
Page 4