Acorah Software Products - Accounts Production 16.4.675 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10894735 Mr Louis Allwright Mr Ashley Paris Chin-Yue iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10894735 2023-08-31 10894735 2024-08-31 10894735 2023-09-01 2024-08-31 10894735 frs-core:CurrentFinancialInstruments 2024-08-31 10894735 frs-core:Non-currentFinancialInstruments 2024-08-31 10894735 frs-core:FurnitureFittings 2023-09-01 2024-08-31 10894735 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 10894735 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10894735 frs-core:PlantMachinery 2023-09-01 2024-08-31 10894735 frs-core:RevaluationReserve 2023-09-01 2024-08-31 10894735 frs-core:RevaluationReserve 2023-08-31 10894735 frs-core:RevaluationReserve 2024-08-31 10894735 frs-core:ShareCapital 2024-08-31 10894735 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10894735 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10894735 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10894735 frs-bus:SmallEntities 2023-09-01 2024-08-31 10894735 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10894735 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10894735 frs-bus:Director1 2023-09-01 2024-08-31 10894735 frs-bus:Director2 2023-09-01 2024-08-31 10894735 frs-countries:EnglandWales 2023-09-01 2024-08-31 10894735 2022-08-31 10894735 2023-08-31 10894735 2022-09-01 2023-08-31 10894735 frs-core:CurrentFinancialInstruments 2023-08-31 10894735 frs-core:Non-currentFinancialInstruments 2023-08-31 10894735 frs-core:RevaluationReserve 2023-08-31 10894735 frs-core:ShareCapital 2023-08-31 10894735 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 10894735
A&L Property Ltd
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10894735
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,025,000 584,523
1,025,000 584,523
CURRENT ASSETS
Debtors 5 1,325 917
Cash at bank and in hand 43,740 53,247
45,065 54,164
Creditors: Amounts Falling Due Within One Year 6 (103,119 ) (5,134 )
NET CURRENT ASSETS (LIABILITIES) (58,054 ) 49,030
TOTAL ASSETS LESS CURRENT LIABILITIES 966,946 633,553
Creditors: Amounts Falling Due After More Than One Year 7 (875,586 ) (712,263 )
NET ASSETS/(LIABILITIES) 91,360 (78,710 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 213,752 13,795
Profit and Loss Account (122,394 ) (92,507 )
SHAREHOLDERS' FUNDS 91,360 (78,710)
Page 1
Page 2
For the year ending 31 August 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 Louis Allwright
Director
16/07/2025
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
A&L Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10894735 . The registered office is 36 Scotts Road, Bromley, England, BR1 3QD.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
2.3. 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 Over 50 Years
Leasehold Over the lease term
Plant & Machinery 25% Reducing balance method
Fixtures & Fittings 25% Reducing balance method
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. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.6. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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Page 4
4. Investment Property
2024
£
Fair Value
As at 1 September 2023 584,523
Additions 240,520
Revaluations 199,957
As at 31 August 2024 1,025,000
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 758 -
Other debtors 567 917
1,325 917
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 103,119 5,134
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 642,465 449,794
Other loans 100,000 100,000
Other creditors 133,121 162,469
875,586 712,263
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Reserves
Revaluation Reserve
£
As at 1 September 2023 13,795
Transfer from profit and loss 199,957
As at 31 August 2024 213,752
Page 4