Acorah Software Products - Accounts Production 16.5.460 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 04324267 Mr Kyriacos Georgiou Mr Julios Ellinas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04324267 2023-11-30 04324267 2024-11-30 04324267 2023-12-01 2024-11-30 04324267 frs-core:CurrentFinancialInstruments 2024-11-30 04324267 frs-core:Non-currentFinancialInstruments 2024-11-30 04324267 frs-core:FurnitureFittings 2024-11-30 04324267 frs-core:FurnitureFittings 2023-12-01 2024-11-30 04324267 frs-core:FurnitureFittings 2023-11-30 04324267 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-30 04324267 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 04324267 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 04324267 frs-core:MotorVehicles 2023-12-01 2024-11-30 04324267 frs-core:PlantMachinery 2023-12-01 2024-11-30 04324267 frs-core:RevaluationReserve 2023-11-30 04324267 frs-core:RevaluationReserve 2024-11-30 04324267 frs-core:ShareCapital 2024-11-30 04324267 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 04324267 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 04324267 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 04324267 frs-bus:SmallEntities 2023-12-01 2024-11-30 04324267 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 04324267 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 04324267 frs-core:ListedExchangeTraded 2024-11-30 04324267 frs-core:ListedExchangeTraded 2023-11-30 04324267 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-11-30 04324267 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-11-30 04324267 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-11-30 04324267 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-11-30 04324267 frs-bus:Director1 2023-12-01 2024-11-30 04324267 frs-bus:Director2 2023-12-01 2024-11-30 04324267 frs-countries:EnglandWales 2023-12-01 2024-11-30 04324267 2022-11-30 04324267 2023-11-30 04324267 2022-12-01 2023-11-30 04324267 frs-core:CurrentFinancialInstruments 2023-11-30 04324267 frs-core:Non-currentFinancialInstruments 2023-11-30 04324267 frs-core:RevaluationReserve 2023-11-30 04324267 frs-core:ShareCapital 2023-11-30 04324267 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 04324267
Unity Developments Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
FCPAS Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04324267
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,800,260 5,800,910
Investments 5 100 100
5,800,360 5,801,010
CURRENT ASSETS
Debtors 6 84,770 88,358
Cash at bank and in hand 68,963 31,049
153,733 119,407
Creditors: Amounts Falling Due Within One Year 7 (164,609 ) (1,523,146 )
NET CURRENT ASSETS (LIABILITIES) (10,876 ) (1,403,739 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,789,484 4,397,271
Creditors: Amounts Falling Due After More Than One Year 8 (1,439,009 ) (115,993 )
NET ASSETS 4,350,475 4,281,278
CAPITAL AND RESERVES
Called up share capital 9 2,000 2,000
Revaluation reserve 11 3,538,714 3,538,714
Profit and Loss Account 809,761 740,564
SHAREHOLDERS' FUNDS 4,350,475 4,281,278
Page 1
Page 2
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 Kyriacos Georgiou
Director
26/08/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Unity Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04324267 . The registered office is 38 Crown Road, Enfield, Middlesex, EN1 1TH.
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.
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 No depreciation
Plant & Machinery 0 %
Motor Vehicles 25% Reducing balance basis
Fixtures & Fittings 25% Reducing balance basis
2.4. 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: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 December 2023 5,800,000 6,167 5,806,167
As at 30 November 2024 5,800,000 6,167 5,806,167
Depreciation
As at 1 December 2023 - 5,257 5,257
Provided during the period - 650 650
As at 30 November 2024 - 5,907 5,907
Net Book Value
As at 30 November 2024 5,800,000 260 5,800,260
As at 1 December 2023 5,800,000 910 5,800,910
5. Investments
Listed
£
Cost or Valuation
As at 1 December 2023 100
As at 30 November 2024 100
Provision
As at 1 December 2023 -
As at 30 November 2024 -
Net Book Value
As at 30 November 2024 100
As at 1 December 2023 100
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 78,840 83,615
Prepayments and accrued income 5,930 4,743
84,770 88,358
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,333 12,398
Bank loans and overdrafts 81,035 80,000
Babk loan 1 (over 5 yrs) - 1,377,500
Corporation tax 33,602 18,468
VAT 13,259 10,298
Accruals and deferred income 10,363 24,482
Directors' loan accounts 10,017 -
164,609 1,523,146
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,307,500 -
Bank loan 2 (2-5yrs) 4,964 15,000
Directors loan account 126,545 100,993
1,439,009 115,993
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,000 2,000
10. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 37,500 -
11. Reserves
Revaluation Reserve
£
As at 1 December 2023 3,538,714
As at 30 November 2024 3,538,714
Page 5