Acorah Software Products - Accounts Production 16.4.675 false true true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 10471014 Mr Charlie Trimmings Mr Michael Bray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10471014 2023-11-30 10471014 2024-11-30 10471014 2023-12-01 2024-11-30 10471014 frs-core:Non-currentFinancialInstruments 2024-11-30 10471014 frs-core:InvestmentPropertyIncludedWithinPPE 2024-11-30 10471014 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-01 2024-11-30 10471014 frs-core:InvestmentPropertyIncludedWithinPPE 2023-11-30 10471014 frs-core:ShareCapital 2024-11-30 10471014 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 10471014 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 10471014 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 10471014 frs-bus:SmallEntities 2023-12-01 2024-11-30 10471014 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 10471014 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 10471014 frs-bus:Director1 2023-12-01 2024-11-30 10471014 frs-bus:Director2 2023-12-01 2024-11-30 10471014 frs-countries:EnglandWales 2023-12-01 2024-11-30 10471014 2022-11-30 10471014 2023-11-30 10471014 2022-12-01 2023-11-30 10471014 frs-core:Non-currentFinancialInstruments 2023-11-30 10471014 frs-core:ShareCapital 2023-11-30 10471014 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 10471014
2 Me 2 You Property Development Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Anumerate Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10471014
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 635,000 670,000
635,000 670,000
CURRENT ASSETS
Cash at bank and in hand 37,262 29,092
37,262 29,092
Creditors: Amounts Falling Due Within One Year 5 (1,195 ) (1,050 )
NET CURRENT ASSETS (LIABILITIES) 36,067 28,042
TOTAL ASSETS LESS CURRENT LIABILITIES 671,067 698,042
Creditors: Amounts Falling Due After More Than One Year 6 (711,638 ) (711,570 )
NET LIABILITIES (40,571 ) (13,528 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (40,572 ) (13,529 )
SHAREHOLDERS' FUNDS (40,571) (13,528)
For the year ending 30 November 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 Charlie Trimmings
Director
28/08/2025
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
2 Me 2 You Property Development Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10471014 . The registered office is c/o Anumerate Office 2.05 Clockwise, Old Town Hall, 30 Tweedy Road, Bromley, BR1 3FE.
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 are of the opinion that the Company is a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 
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.
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:
2.5. Investment Properties
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
2.6. Taxation
There is nil corporation tax due in the current financial year (2023: £nil). Total tax losses carried forward of £30,392 (2023: £38,350) are available for offset against future taxable profits.
Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the year end. Current taxation assets and liabilities are not discounted. 
Deferred tax assets are recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax assets and liabilities are measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply in the periods in which any timing differences are expected to reverse. Deferred tax assets and liabilities are not discounted. No deferred tax asset has been recognised for the current or previous year.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. 
Deferred tax assets and liabilities are not discounted. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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
Investment Properties
£
Cost or Valuation
As at 1 December 2023 670,000
Revaluation (35,000 )
As at 30 November 2024 635,000
Net Book Value
As at 30 November 2024 635,000
As at 1 December 2023 670,000
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,195 1,050
Creditors due within one year is comprised of accounting fees £1,195 (2023: £1,050).
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 441,638 441,570
Other creditors 270,000 270,000
711,638 711,570
£441,638 (2023: £441,570) of this balance relates to the mortgages on the investment properties with Charter Court Financial Services Limited. The mortgages are interest-only with no capital repayments, and incur interest at 3.5%. The remaining mortgage terms are 21 years on all properties.
Other creditors as at 30 November 2024 of £270,000 (2023: £270,000) comprised:
The Practical Ciso Limited - £135,000 (2023: £135,000)
Michael Bray (Director) - £67,500 (2023: £67,500)
Gemma Bray - £67,500 (2023: £67,500)
The loan balances owed to The Practical Ciso Ltd, Michael Bray and Gemma Bray remained unchanged from the previous year.
The loans are unsecured, interest-free and with no fixed terms of repayment.
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Related Party Transactions
The Practical Ciso Limited is a related party of the Company by virtue of having a Director in common.
The balance of £135,000 owed to The Practical Ciso Ltd remained unchanged from the previous year.
The balance of £135,000 owed in equal parts to Michael Bray, a director, and his wife Gemma Bray, remain unchanged from the previous year. 
The loans are unsecured, interest-free and with no fixed terms of repayment.
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