Acorah Software Products - Accounts Production 16.4.675 false true true false 3 October 2023 31 October 2024 31 October 2024 15183141 Mr A G Michael Mr B G King iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15183141 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2024-10-31 15183141 2023-10-02 15183141 2024-10-31 15183141 2023-10-03 2024-10-31 15183141 frs-core:CurrentFinancialInstruments 2024-10-31 15183141 frs-core:Non-currentFinancialInstruments 2024-10-31 15183141 frs-core:ShareCapital 2024-10-31 15183141 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 15183141 frs-bus:PrivateLimitedCompanyLtd 2023-10-03 2024-10-31 15183141 frs-bus:FilletedAccounts 2023-10-03 2024-10-31 15183141 frs-bus:SmallEntities 2023-10-03 2024-10-31 15183141 frs-bus:AuditExempt-NoAccountantsReport 2023-10-03 2024-10-31 15183141 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-03 2024-10-31 15183141 frs-bus:Director1 2023-10-03 2024-10-31 15183141 frs-bus:Director2 2023-10-03 2024-10-31 15183141 frs-countries:EnglandWales 2023-10-03 2024-10-31
Registered number: 15183141
Birmingham Swallow Street Limited
Unaudited Financial Statements
For the Period 3 October 2023 to 31 October 2024
Ripe LLP
9A Burroughs Gardens
London
NW4 4AU
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Mr A G Michael
Mr B G King
Company Number 15183141
Registered Office 9a Burroughs Gardens
London
NW4 4AU
Business Suite 6.08
16 Berkeley Street
London
W1J 8DZ
Accountants Ripe LLP
Chartered Accountants
9A Burroughs Gardens
London
NW4 4AU
Page 1
Page 2
Balance Sheet
Registered number: 15183141
31 October 2024
Notes £ £
CURRENT ASSETS
Stocks 4 2,308,382
Debtors 5 68,781
Cash at bank and in hand 25,372
2,402,535
Creditors: Amounts Falling Due Within One Year 6 (131,345 )
NET CURRENT ASSETS (LIABILITIES) 2,271,190
TOTAL ASSETS LESS CURRENT LIABILITIES 2,271,190
Creditors: Amounts Falling Due After More Than One Year 7 (2,331,400 )
NET LIABILITIES (60,210 )
CAPITAL AND RESERVES
Called up share capital 9 100
Profit and Loss Account (60,310 )
SHAREHOLDERS' FUNDS (60,210)
Page 2
Page 3
For the period 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 A G Michael
Director
Mr B G King
Director
24/07/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Birmingham Swallow Street Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15183141 . The registered office is 9a Burroughs Gardens, London, NW4 4AU .
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.
The financial statements are presented in Sterling (£) and figures are shown to the nearest whole pound.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis on the understanding that the creditors will continue to support the company for the foreseeable future.
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 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. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 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.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all
amounts due according to the original terms of the receivables.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss
account over the period of the relevant borrowing.
Interest exense is recognised on the basis of the effective interest method and is included in interest payable
and similar charges.
...CONTINUED
Page 4
Page 5
2.5. - continued
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
 Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Stocks
31 October 2024
£
Work in progress 2,308,382
5. Debtors
31 October 2024
£
Due within one year
Amounts owed by participating interests 1,800
Other debtors 66,981
68,781
6. Creditors: Amounts Falling Due Within One Year
31 October 2024
£
Trade creditors 122,345
Other creditors 9,000
131,345
7. Creditors: Amounts Falling Due After More Than One Year
31 October 2024
£
Other loans 2,331,400
Page 5
Page 6
8. Loans
An analysis of the maturity of loans is given below:
31 October 2024
£
Amounts falling due between one and five years:
Other loans 2,331,400
DGM Global Limited who is a 70% shareholder of the company has given the loan of £2,331,400 to the company for property development.
9. Share Capital
31 October 2024
£
Allotted, Called up and fully paid 100
During the period 100 Ordinary shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £100.
10. Related Party Disclosures
Group Undertakings
Orion Land and Leisure Limited
Under common control
As at balance sheet date Orion Land and Lesiure Limited owed £1,800 to company.
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