Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 12396321 Mr Robbie Hine iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12396321 2023-12-31 12396321 2024-12-31 12396321 2024-01-01 2024-12-31 12396321 frs-core:CurrentFinancialInstruments 2024-12-31 12396321 frs-core:Non-currentFinancialInstruments 2024-12-31 12396321 frs-core:ComputerEquipment 2024-12-31 12396321 frs-core:ComputerEquipment 2024-01-01 2024-12-31 12396321 frs-core:ComputerEquipment 2023-12-31 12396321 frs-core:ShareCapital 2024-12-31 12396321 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12396321 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12396321 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12396321 frs-bus:SmallEntities 2024-01-01 2024-12-31 12396321 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12396321 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12396321 frs-core:UnlistedNon-exchangeTraded 2024-12-31 12396321 frs-core:UnlistedNon-exchangeTraded 2023-12-31 12396321 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 12396321 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 12396321 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 12396321 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 12396321 frs-bus:Director1 2024-01-01 2024-12-31 12396321 frs-core:CurrentFinancialInstruments 1 2024-12-31 12396321 frs-countries:EnglandWales 2024-01-01 2024-12-31 12396321 2022-12-31 12396321 2023-12-31 12396321 2023-01-01 2023-12-31 12396321 frs-core:CurrentFinancialInstruments 2023-12-31 12396321 frs-core:Non-currentFinancialInstruments 2023-12-31 12396321 frs-core:ShareCapital 2023-12-31 12396321 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12396321 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 12396321
NG10 PROPERTY LTD
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12396321
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 79 361
Investments 5 100 100
179 461
CURRENT ASSETS
Stocks 6 455,000 475,000
Debtors 7 23,000 168,458
Cash at bank and in hand 62,469 3,453
540,469 646,911
Creditors: Amounts Falling Due Within One Year 8 (514,956 ) (632,094 )
NET CURRENT ASSETS (LIABILITIES) 25,513 14,817
TOTAL ASSETS LESS CURRENT LIABILITIES 25,692 15,278
Creditors: Amounts Falling Due After More Than One Year 9 (20,380 ) (15,000 )
NET ASSETS 5,312 278
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 5,311 277
SHAREHOLDERS' FUNDS 5,312 278
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For the year ending 31 December 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 Robbie Hine
Director
24 June 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
NG10 PROPERTY LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12396321 . The registered office is 16 Queen Street, Ilkeston, Derbyshire, DE7 5GT.
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:
Computer Equipment 33% straight line
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. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 856
As at 31 December 2024 856
Depreciation
As at 1 January 2024 495
Provided during the period 282
As at 31 December 2024 777
Net Book Value
As at 31 December 2024 79
As at 1 January 2024 361
5. Investments
Unlisted
£
Cost
As at 1 January 2024 100
As at 31 December 2024 100
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 100
As at 1 January 2024 100
The company has suscribed for 100% of the share capital of Hine Developments Ltd
6. Stocks
2024 2023
£ £
Stock 455,000 475,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 166,958
Prepayments and accrued income - 1,500
Other debtors 23,000 -
23,000 168,458
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1,284
Bank loans and overdrafts 292,906 306,586
Other loans 30,000 30,000
Corporation tax 4,893 3,785
Other taxes and social security 851 752
Other creditors 19,042 1,200
Other creditors (1) 92 -
Accruals and deferred income 11,952 1,850
Director's loan account 155,220 286,637
514,956 632,094
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 20,380 15,000
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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