Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 12350461 Mrs Aigul Baltabaeva iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12350461 2023-12-31 12350461 2024-12-31 12350461 2024-01-01 2024-12-31 12350461 frs-core:CurrentFinancialInstruments 2024-12-31 12350461 frs-core:Non-currentFinancialInstruments 2024-12-31 12350461 frs-core:ShareCapital 2024-12-31 12350461 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12350461 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12350461 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12350461 frs-bus:SmallEntities 2024-01-01 2024-12-31 12350461 frs-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 12350461 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12350461 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 12350461 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 12350461 frs-bus:Director1 2024-01-01 2024-12-31 12350461 frs-countries:EnglandWales 2024-01-01 2024-12-31 12350461 2022-12-31 12350461 2023-12-31 12350461 2023-01-01 2023-12-31 12350461 frs-core:CurrentFinancialInstruments 2023-12-31 12350461 frs-core:Non-currentFinancialInstruments 2023-12-31 12350461 frs-core:ShareCapital 2023-12-31 12350461 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12350461 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31
Registered number: 12350461
Heart of Chelsea Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Quest Accounting Services Limited
Suite 106, The Pinnacle
170 Midsummer Boulevard
Milton Keynes
MK9 1BP
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Heart of Chelsea Limited for the year ended year which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the director of Heart of Chelsea Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Heart of Chelsea Limited and state those matters that we have agreed to state to the director of Heart of Chelsea Limited in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.
It is your duty to ensure that Heart of Chelsea Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Heart of Chelsea Limited . You consider that Heart of Chelsea Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Heart of Chelsea Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Quest Accounting Services Ltd
15th August 2025
Quest Accounting Services Limited
Suite 106, The Pinnacle
170 Midsummer Boulevard
Milton Keynes
MK9 1BP
Page 1
Page 2
Balance Sheet
Registered number: 12350461
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,366,144 698,337
1,366,144 698,337
CURRENT ASSETS
Debtors 5 52,200 2,759
Cash at bank and in hand 177,581 354,843
229,781 357,602
Creditors: Amounts Falling Due Within One Year 6 - (9,700 )
NET CURRENT ASSETS (LIABILITIES) 229,781 347,902
TOTAL ASSETS LESS CURRENT LIABILITIES 1,595,925 1,046,239
Creditors: Amounts Falling Due After More Than One Year 7 (1,452,443 ) (927,533 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (51,598 ) (36,598 )
NET ASSETS 91,884 82,108
CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 154,793 109,793
Profit and Loss Account (63,009 ) (27,785 )
SHAREHOLDERS' FUNDS 91,884 82,108
Page 2
Page 3
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs Aigul Baltabaeva
Director
15th August 2025
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Heart of Chelsea Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12350461 . The registered office is Suite 110, The Pinnacle , 150 Midsummer Boulevard, Milton Keynes, Buckinghamshire, MK9 1FD.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investment Property
2024
£
Fair Value
As at 1 January 2024 698,337
Additions 667,807
As at 31 December 2024 1,366,144
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 52,200 -
Other debtors - 2,759
52,200 2,759
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income - 9,700
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Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 844,938 420,028
Other creditors 435,400 445,400
Directors loan account 172,105 62,105
1,452,443 927,533
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Fair Value Reserve
£
As at 1 January 2024 109,793
Movements in fair value reserve 45,000
As at 31 December 2024 154,793
10. Related Party Transactions
At the Balance Sheet date, £62,105 (2022: £62,105) was owed by the company to its director. This loan is unsecured, interest free with no fixed repayment plan.
At the Balance Sheet date, £335,400 (2022: £305,400) was owed to a company in which the director has an interest. This loan is unsecured, interest free with no fixed repayment plan.
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