Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 true 1 January 2024 31 December 2024 31 December 2024 12508188 Guo Chang Man Hui Gin Ong Loo Chee Wee Getground Secretary Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12508188 2023-12-31 12508188 2024-12-31 12508188 2024-01-01 2024-12-31 12508188 frs-core:CurrentFinancialInstruments 2024-12-31 12508188 frs-core:Non-currentFinancialInstruments 2024-12-31 12508188 frs-core:FurnitureFittings 2024-12-31 12508188 frs-core:FurnitureFittings 2024-01-01 2024-12-31 12508188 frs-core:FurnitureFittings 2023-12-31 12508188 frs-core:ShareCapital 2024-12-31 12508188 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12508188 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12508188 frs-bus:FullAccounts 2024-01-01 2024-12-31 12508188 frs-bus:SmallEntities 2024-01-01 2024-12-31 12508188 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12508188 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12508188 frs-bus:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 12508188 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 12508188 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 12508188 frs-bus:Director1 2024-01-01 2024-12-31 12508188 frs-bus:Director2 2024-01-01 2024-12-31 12508188 frs-bus:Director3 2024-01-01 2024-12-31 12508188 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 12508188 3 2024-01-01 2024-12-31 12508188 frs-countries:EnglandWales 2024-01-01 2024-12-31 12508188 2022-12-31 12508188 2023-12-31 12508188 2023-01-01 2023-12-31 12508188 frs-core:CurrentFinancialInstruments 2023-12-31 12508188 frs-core:Non-currentFinancialInstruments 2023-12-31 12508188 frs-core:ShareCapital 2023-12-31 12508188 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12508188 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 12508188 3 2023-01-01 2023-12-31
Registered number: 12508188
GG-261-527 Limited
Directors' Report and
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Company Information 1
Directors' Report 2
Profit and Loss Account 3
Balance Sheet 4—5
Notes to the Financial Statements 6—8
Page 1
Company Information
Directors Guo Chang Man
Hui Gin Ong
Loo Chee Wee
Secretary Getground Secretary Limited
Company Number 12508188
Registered Office 1 Lyric Square
London
W6 0NB
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 31 December 2024.
Principal Activity
The company's principal activity continues to be that of investment property.
Directors
The directors who held office during the year were as follows:
Guo Chang Man
Hui Gin Ong
Loo Chee Wee
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to: 
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Loo Chee Wee
Director
23/08/2025
Page 2
Page 3
Profit and Loss Account
2024 2023
Notes £ £
TURNOVER 20,459 18,649
GROSS PROFIT 20,459 18,649
Administrative expenses (11,141 ) (9,529 )
Fair value gains on investment properties - 35,000
OPERATING PROFIT 9,318 44,120
Interest payable and similar charges (9,752 ) (9,753 )
(LOSS)/PROFIT BEFORE TAXATION (434 ) 34,367
Tax on (Loss)/profit 450 (5,647 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 16 28,720
The notes on pages 6 to 8 form part of these financial statements.
Page 3
Page 4
Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,328 3,694
Investment Properties 5 430,000 430,000
431,328 433,694
CURRENT ASSETS
Debtors 6 4,573 4,713
Cash at bank and in hand 13,021 9,136
17,594 13,849
Creditors: Amounts Falling Due Within One Year 7 (124,152 ) (122,304 )
NET CURRENT ASSETS (LIABILITIES) (106,558 ) (108,455 )
TOTAL ASSETS LESS CURRENT LIABILITIES 324,770 325,239
Creditors: Amounts Falling Due After More Than One Year 8 (233,443 ) (233,478 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (20,542 ) (20,992 )
NET ASSETS 70,785 70,769
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 86,498 86,498
Profit and Loss Account (15,813 ) (15,829 )
SHAREHOLDERS' FUNDS 70,785 70,769
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Page 5
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 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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Guo Chang Man
Director
Hui Gin Ong
Director
Loo Chee Wee
Director
23/08/2025
The notes on pages 6 to 8 form part of these financial statements.
Page 5
Page 6
Notes to the Financial Statements
1. General Information
GG-261-527 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12508188 . The registered office is 1 Lyric Square, London, W6 0NB.
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:
Fixtures & Fittings 25% Straight Line
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.
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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
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. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
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: NIL (2023: NIL)
- -
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4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 1 January 2024 9,465
As at 31 December 2024 9,465
Depreciation
As at 1 January 2024 5,771
Provided during the period 2,366
As at 31 December 2024 8,137
Net Book Value
As at 31 December 2024 1,328
As at 1 January 2024 3,694
5. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 430,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 306 1,147
Prepayments and accrued income 4,267 3,566
4,573 4,713
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 15,692 13,951
Directors' loan accounts 108,460 108,353
124,152 122,304
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 233,443 233,478
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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Page 8
10. Reserves
Fair Value Reserve
£
As at 1 January 2024 86,498
As at 31 December 2024 86,498
Page 8