Acorah Software Products - Accounts Production 16.4.675 false true false 11 October 2023 31 December 2024 31 December 2024 15205338 Mr Colin Serlin Mr Bhavin Thakrar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15205338 2023-10-10 15205338 2024-12-31 15205338 2023-10-11 2024-12-31 15205338 frs-core:CurrentFinancialInstruments 2024-12-31 15205338 frs-core:InvestmentPropertyIncludedWithinPPE 2024-12-31 15205338 frs-core:InvestmentPropertyIncludedWithinPPE 2023-10-11 2024-12-31 15205338 frs-core:InvestmentPropertyIncludedWithinPPE 2023-10-10 15205338 frs-core:PlantMachinery 2024-12-31 15205338 frs-core:PlantMachinery 2023-10-11 2024-12-31 15205338 frs-core:PlantMachinery 2023-10-10 15205338 frs-core:ShareCapital 2024-12-31 15205338 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 15205338 frs-bus:PrivateLimitedCompanyLtd 2023-10-11 2024-12-31 15205338 frs-bus:FilletedAccounts 2023-10-11 2024-12-31 15205338 frs-bus:SmallEntities 2023-10-11 2024-12-31 15205338 frs-bus:AuditExempt-NoAccountantsReport 2023-10-11 2024-12-31 15205338 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-11 2024-12-31 15205338 frs-core:CostValuation 2023-10-10 15205338 frs-core:AdditionsToInvestments 2024-12-31 15205338 frs-core:CostValuation 2024-12-31 15205338 frs-core:ProvisionsForImpairmentInvestments 2023-10-10 15205338 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 15205338 frs-bus:Director1 2023-10-11 2024-12-31 15205338 frs-bus:CompanySecretary1 2023-10-11 2024-12-31 15205338 frs-countries:EnglandWales 2023-10-11 2024-12-31
Registered number: 15205338
L.b (Bart'S) Ltd
Unaudited Financial Statements
For the Period 11 October 2023 to 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 15205338
31 December 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 9,776,443
Investments 5 50
9,776,493
CURRENT ASSETS
Debtors 6 324,875
Cash at bank and in hand 170,533
495,408
Creditors: Amounts Falling Due Within One Year 7 (10,221,056 )
NET CURRENT ASSETS (LIABILITIES) (9,725,648 )
TOTAL ASSETS LESS CURRENT LIABILITIES 50,845
NET ASSETS 50,845
CAPITAL AND RESERVES
Called up share capital 8 100
Profit and Loss Account 50,745
SHAREHOLDERS' FUNDS 50,845
For the period 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 Colin Serlin
Director
29/08/2025
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
L.b (Bart'S) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15205338 . The registered office is 16 Portland Close, Broughton, Aylesbury, HP22 7DG.
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
Revenue represents rental income from investment properties and amounts received for the sale of lease extensions and properties developed for sale upon completion. Revenue on rental income is recognised in proportion to the lease agreement with full provision made for all foreseable costs. Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Plant & Machinery 20% reducing balance
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 period, 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.
2.6. Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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2.7. Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Tangible Assets
Investment Properties Plant & Machinery Total
£ £ £
Cost
As at 11 October 2023 - - -
Additions 9,714,778 61,665 9,776,443
As at 31 December 2024 9,714,778 61,665 9,776,443
Net Book Value
As at 31 December 2024 9,714,778 61,665 9,776,443
As at 11 October 2023 - - -
5. Investments
Joint Ventures
£
Cost
As at 11 October 2023 -
Additions 50
As at 31 December 2024 50
Provision
As at 11 October 2023 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 50
As at 11 October 2023 -
6. Debtors
31 December 2024
£
Due within one year
Trade debtors 88,477
Amounts owed by participating interests 890
Other debtors 235,508
324,875
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7. Creditors: Amounts Falling Due Within One Year
31 December 2024
£
Trade creditors 29,999
Other loans 9,776,464
Other creditors 399,710
Taxation and social security 14,883
10,221,056
8. Share Capital
31 December 2024
£
Allotted, Called up and fully paid 100
9. Related Party Transactions
Creditors include an amount of £9,776,464 owed to L.B. Lending Ltd, a company in which the director Colin Serlin has an interest. The financial statements include a charge for interest of £297,890 payable to that company.
During the year the company paid management fees amounting to £25,000 to London Buildings (Highgate) Limited, a company in which Colin Serlin has an interest.
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