Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 07664668 Mr Michael Ingall Mr Frederick Graham-Watson Mr Suresh Gorasia Mr Jonathan Raine true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07664668 2023-12-31 07664668 2024-12-31 07664668 2024-01-01 2024-12-31 07664668 frs-core:CurrentFinancialInstruments 2024-12-31 07664668 frs-core:Non-currentFinancialInstruments 2024-12-31 07664668 frs-core:BetweenOneFiveYears 2024-12-31 07664668 frs-core:ComputerEquipment 2024-12-31 07664668 frs-core:ComputerEquipment 2024-01-01 2024-12-31 07664668 frs-core:ComputerEquipment 2023-12-31 07664668 frs-core:FurnitureFittings 2024-12-31 07664668 frs-core:FurnitureFittings 2024-01-01 2024-12-31 07664668 frs-core:FurnitureFittings 2023-12-31 07664668 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 07664668 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 07664668 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 07664668 frs-core:MotorVehicles 2024-12-31 07664668 frs-core:MotorVehicles 2024-01-01 2024-12-31 07664668 frs-core:MotorVehicles 2023-12-31 07664668 frs-core:WithinOneYear 2024-12-31 07664668 frs-core:ShareCapital 2024-12-31 07664668 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07664668 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07664668 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07664668 frs-bus:SmallEntities 2024-01-01 2024-12-31 07664668 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07664668 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07664668 1 2024-01-01 2024-12-31 07664668 frs-core:UnlistedNon-exchangeTraded 2024-12-31 07664668 frs-core:UnlistedNon-exchangeTraded 2023-12-31 07664668 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 07664668 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 07664668 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 07664668 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 07664668 frs-bus:Director1 2024-01-01 2024-12-31 07664668 frs-bus:Director2 2024-01-01 2024-12-31 07664668 frs-bus:Director3 2024-01-01 2024-12-31 07664668 frs-bus:Director4 2024-01-01 2024-12-31 07664668 frs-countries:EnglandWales 2024-01-01 2024-12-31 07664668 2022-12-31 07664668 2023-12-31 07664668 2023-01-01 2023-12-31 07664668 frs-core:CurrentFinancialInstruments 2023-12-31 07664668 frs-core:Non-currentFinancialInstruments 2023-12-31 07664668 frs-core:BetweenOneFiveYears 2023-12-31 07664668 frs-core:WithinOneYear 2023-12-31 07664668 frs-core:ShareCapital 2023-12-31 07664668 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 07664668
Allied London Development Management Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 07664668
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 107,544 47,711
Investments 5 1 1
107,545 47,712
CURRENT ASSETS
Debtors 6 3,412,728 5,511,085
Cash at bank and in hand 4,099,275 5,441,073
7,512,003 10,952,158
Creditors: Amounts Falling Due Within One Year 7 (1,650,060 ) (2,821,293 )
NET CURRENT ASSETS (LIABILITIES) 5,861,943 8,130,865
TOTAL ASSETS LESS CURRENT LIABILITIES 5,969,488 8,178,577
Creditors: Amounts Falling Due After More Than One Year 8 (57,678 ) -
NET ASSETS 5,911,810 8,178,577
CAPITAL AND RESERVES
Called up share capital 10 100 100
Income Statement 5,911,710 8,178,477
SHAREHOLDERS' FUNDS 5,911,810 8,178,577
Page 1
Page 2
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 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 Income Statement.
On behalf of the board
Mr Suresh Gorasia
Director
1 September 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Allied London Development Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07664668 . The registered office is C/O Allied London, Suite 1, Bonded Warehouse, 18 Lower Byrom Street, Manchester, Greater Manchester, M3 4AP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 2.3).
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.
2.2. Going Concern Disclosure
The directors have assessed the financial performance and note that as at 31 December 2024 the company had net assets of £5,911,810.
Management has undertaken a thorough going concern review which has included forecasts from 12 months from signing date of the financial statements to ensure the company will continue to be able to meet its liabilities for the next year from the signing date of the accounts. The forecasts included some sensitivity on the income obtained, with expenditure being managed accordingly to maintain sufficient reserves. Furthermore, the company had a cash balance of £4,099,275 as at 31 December 2024.
Therefore, the board considers that the company will be able to continue to trade as a going concern and meet its liabilities as they fall due.
2.3. Significant judgements and estimations
In preparing these financial statements, the directors consider that there are no significant judgements in applying the accounting policies. Nor are there any key sources of uncertainty.
2.4. Turnover
Turnover comprises the invoiced value of goods and services, being development management fees and cost recharges, net of Value Added Tax and trade discounts.
2.5. 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:
Leasehold Lease term
Motor Vehicles 25% reducing balance
Fixtures & Fittings 33% straight line
Computer Equipment 33% straight line
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.
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2.7. Financial Instruments
Financial assets
Financial assets, other than investments and derivatives, are initially measured at transaction price (including transaction costs) and subsequently held at cost, less any impairment.
Financial liabilities and equity
Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form. Financial liabilities, excluding convertible debt and derivatives, are initially measured at transaction price (including transaction costs) and subsequently held at amortised cost.
2.8. 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 balances are recognised in respect of all timing differences that have originated but not reversed by the statement of financial position date, except:
• The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; 
• Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and 
• Where timing differences relate to interests in subsidiaries, associates, branches and joint ventures and the group can control their reversal and such reversal is not considered probable in the foreseeable future.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax.
Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 15 (2023: 17)
15 17
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 332,999 - 123,077 177,369 633,445
Additions - 87,034 - - 87,034
As at 31 December 2024 332,999 87,034 123,077 177,369 720,479
Depreciation
As at 1 January 2024 287,009 - 123,077 175,648 585,734
Provided during the period 9,166 16,863 - 1,172 27,201
As at 31 December 2024 296,175 16,863 123,077 176,820 612,935
Net Book Value
As at 31 December 2024 36,824 70,171 - 549 107,544
As at 1 January 2024 45,990 - - 1,721 47,711
Page 4
Page 5
5. Investments
Unlisted
£
Cost
As at 1 January 2024 1
As at 31 December 2024 1
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 1
As at 1 January 2024 1
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 452,879 269,412
Prepayments and accrued income 416,931 348,397
Other debtors 1,147,263 535,175
Corporation tax recoverable assets - 3,579,063
Amounts owed by group undertakings 423,386 1,050
Amounts owed by related parties 972,269 777,988
3,412,728 5,511,085
Amounts due from group undertakings and related parties are repayable on demand and not interest bearing.
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,243 -
Trade creditors 331,637 379,499
Other creditors 294,849 514,934
Accruals and deferred income 1,020,331 1,007,784
Amounts owed to group undertakings - 919,076
1,650,060 2,821,293
Amounts due to group undertakings are repayable on demand and not interest bearing.
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 57,678 -
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,243 -
Later than one year and not later than five years 57,678 -
60,921 -
60,921 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Financial Instruments
The company considers that the fair value of cash and cash equivalents, loans, trade and other receivables, and trade and other payables are not materially different to their carrying value. There are no financial instruments held at fair value through profit and loss.
12. Related Party Transactions
The company has taken advantage of the exemption allowed by Financial Reporting Standard 102, "Related party disclosures" Section 33.1A not to disclose details of related party transactions with entities that are 100% owned members of the same group. There are no other related party transactions other than as disclosed.
Allied London Development Management Three Limited
The directors of Allied London Development Management Limited are also directors of Allied London Development Management Three Limited. The company is owed £498,601 (2023: £201,659) from Allied London Development Management Three Limited.
Allied London Development Management Four Limited
Allied London Development Management Limited share commonon directors with Allied London Development Management Four Limited. The company is owed £473,668 (2023: £573,728) from Allied London Development Management Four Limited.
Versa Manchester Studios Limited
Allied London Development Management Limited share common directors with Versa Manchester Studios Limited. The company is owed £nil (2023: £2,601) from Versa Manchester Studios Limited.
Transactions with directors
The loans made from the company are not subject to interest and are repayable on demand.
At 31 December 2024, Allied London Development Management Limited was owed £630,000 from directors (including a former director) of the company (2023: £nil).
13. Ultimate Controlling Party
The company's immediate parent company is Capital Properties (UK) Two Limited, a company registered in England & Wales. The ultimate parent company is Capital Holdco Limited, a company registered in the British Virgin Islands.
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