Acorah Software Products - Accounts Production 16.4.675 false true true 30 April 2023 28 April 2022 false 1 May 2023 30 April 2024 30 April 2024 14076154 Mr Stuart Molyneaux iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14076154 2023-04-30 14076154 2024-04-30 14076154 2023-05-01 2024-04-30 14076154 frs-core:CurrentFinancialInstruments 2024-04-30 14076154 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-30 14076154 frs-core:InvestmentPropertyIncludedWithinPPE 2023-05-01 2024-04-30 14076154 frs-core:InvestmentPropertyIncludedWithinPPE 2023-04-30 14076154 frs-core:MotorVehicles 2024-04-30 14076154 frs-core:MotorVehicles 2023-05-01 2024-04-30 14076154 frs-core:MotorVehicles 2023-04-30 14076154 frs-core:ShareCapital 2024-04-30 14076154 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 14076154 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 14076154 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 14076154 frs-bus:SmallEntities 2023-05-01 2024-04-30 14076154 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 14076154 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 14076154 frs-bus:Director1 2023-05-01 2024-04-30 14076154 frs-countries:EnglandWales 2023-05-01 2024-04-30 14076154 2022-04-27 14076154 2023-04-30 14076154 2022-04-28 2023-04-30 14076154 frs-core:CurrentFinancialInstruments 2023-04-30 14076154 frs-core:ShareCapital 2023-04-30 14076154 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 14076154
Moly Development Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14076154
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 175,047 179,071
175,047 179,071
CURRENT ASSETS
Debtors 5 1,140 50
Cash at bank and in hand 15,551 42,366
16,691 42,416
Creditors: Amounts Falling Due Within One Year 6 (242,359 ) (241,368 )
NET CURRENT ASSETS (LIABILITIES) (225,668 ) (198,952 )
TOTAL ASSETS LESS CURRENT LIABILITIES (50,621 ) (19,881 )
NET LIABILITIES (50,621 ) (19,881 )
CAPITAL AND RESERVES
Called up share capital 7 50 50
Profit and Loss Account (50,671 ) (19,931 )
SHAREHOLDERS' FUNDS (50,621) (19,881)
For the year ending 30 April 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
Mr Stuart Molyneaux
Director
19/08/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Moly Development Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14076154 . The registered office is London House, 73 South Street, Epsom, KT18 7PY.
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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director's who have undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
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:
Motor Vehicles 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. The fair value of property is based on director's valuations and has not been based on a valuation by an independent valuer with a professional qualification. No depreciation is provided for. 
Changes in fair value are recognised in the profit and loss account.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Investment Properties Motor Vehicles Total
£ £ £
Cost or Valuation
As at 1 May 2023 167,000 16,095 183,095
Additions 2,660 - 2,660
Revaluation (2,660 ) - (2,660 )
As at 30 April 2024 167,000 16,095 183,095
...CONTINUED
Page 2
Page 3
Depreciation
As at 1 May 2023 - 4,024 4,024
Provided during the period - 4,024 4,024
As at 30 April 2024 - 8,048 8,048
Net Book Value
As at 30 April 2024 167,000 8,047 175,047
As at 1 May 2023 167,000 12,071 179,071
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 730 -
Other debtors 410 50
1,140 50
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,271 280
Director's loan account 241,088 241,088
242,359 241,368
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50 50
Page 3