Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08058273 Mr Pietrojan Gilardini Gilardini Real Estate Srl true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08058273 2023-12-31 08058273 2024-12-31 08058273 2024-01-01 2024-12-31 08058273 frs-core:CurrentFinancialInstruments 2024-12-31 08058273 frs-core:Non-currentFinancialInstruments 2024-12-31 08058273 frs-core:ComputerEquipment 2024-12-31 08058273 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08058273 frs-core:ComputerEquipment 2023-12-31 08058273 frs-core:FurnitureFittings 2024-12-31 08058273 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08058273 frs-core:FurnitureFittings 2023-12-31 08058273 frs-core:ShareCapital 2024-12-31 08058273 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08058273 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08058273 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08058273 frs-bus:SmallEntities 2024-01-01 2024-12-31 08058273 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08058273 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08058273 1 2024-01-01 2024-12-31 08058273 frs-core:CostValuation 2023-12-31 08058273 frs-core:AdditionsToInvestments 2024-12-31 08058273 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-12-31 08058273 frs-core:CostValuation 2024-12-31 08058273 frs-core:ListedExchangeTraded 2024-12-31 08058273 frs-core:ListedExchangeTraded 2023-12-31 08058273 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-12-31 08058273 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-12-31 08058273 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-12-31 08058273 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-12-31 08058273 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-12-31 08058273 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-12-31 08058273 frs-core:UnlistedNon-exchangeTraded 2024-12-31 08058273 frs-core:UnlistedNon-exchangeTraded 2023-12-31 08058273 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 08058273 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 08058273 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 08058273 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 08058273 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 08058273 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 08058273 frs-bus:Director1 2024-01-01 2024-12-31 08058273 frs-countries:EnglandWales 2024-01-01 2024-12-31 08058273 2022-12-31 08058273 2023-12-31 08058273 2023-01-01 2023-12-31 08058273 frs-core:CurrentFinancialInstruments 2023-12-31 08058273 frs-core:Non-currentFinancialInstruments 2023-12-31 08058273 frs-core:ShareCapital 2023-12-31 08058273 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08058273
Gilardini Realty Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
CBS Accountants Ltd
Chartered Accountants
Unit 17, Orbital 25 Business Park
Dwight Road
Watford
Hertfordshire
WD18 9DA
Gilardini Realty Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Gilardini Realty Ltd
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 08058273

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 3,369 |  | 4,356
Investment Properties | 5 |  | 2,148,877 |  | 2,148,877
Investments | 6 |  | 151,205 |  | 163,037
|  |  | 2,303,451 |  | 2,316,270
CURRENT ASSETS
Debtors | 7 | 76,806 |  | 32,358 |
Investments | 8 | 232,224 |  | 253,109 |
Cash at bank and in hand |  | 11,881 |  | 20,559 |
|  | 320,911 |  | 306,026 |
Creditors: Amounts Falling Due Within One Year | 9 | (15,007 ) |  | (17,627 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 305,904 |  | 288,399
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,609,355 |  | 2,604,669
Creditors: Amounts Falling Due After More Than One Year | 10 |  | (2,717,469 ) |  | (2,658,771 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | - |  | (16,965 )
NET LIABILITIES |  |  | (108,114 ) |  | (71,067 )
CAPITAL AND RESERVES
Called up share capital | 11 |  | 1 |  | 1
Profit and Loss Account |  |  | (108,115 ) |  | (71,068 )
SHAREHOLDERS' FUNDS |  |  | (108,114) |  | (71,067)

Page 1
Page 2
Gilardini Realty Ltd
Balance Sheet (continued)
As At 31 December 2024
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 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 Pietrojan Gilardini Director
21/08/2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Gilardini Realty Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Gilardini Realty Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08058273 . The registered office is Unit 17,Orbital 25 Business Park, Dwight Road, Watford, WD18 9DA.
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. 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:

Fixtures & Fittings | 15% reducing balance
Computer Equipment | 25% reducing balance

2.4. Investment Properties
Investment properties are initially measured at cost including transaction costs. They are subsequently measured at fair value at each reporting date, with changes recognised in profit or loss. No depreciation is charged on properties held at fair value. Where fair value cannot be measured reliably without undue cost or effort, properties are measured at cost less depreciation and impairment in accordance with Section 17 of FRS 102.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
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Gilardini Realty Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.6. 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: NIL (2023: NIL)
- -
4. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2024 | 7,014 | 16,677 | 23,691
As at 31 December 2024 | 7,014 | 16,677 | 23,691
Depreciation
As at 1 January 2024 | 5,998 | 13,337 | 19,335
Provided during the period | 152 | 835 | 987
As at 31 December 2024 | 6,150 | 14,172 | 20,322
Net Book Value
As at 31 December 2024 | 864 | 2,505 | 3,369
As at 1 January 2024 | 1,016 | 3,340 | 4,356

Page 4
Page 5
Gilardini Realty Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
5. Investment Property

| 2024
--- | ---
| £
Fair Value
As at 1 January 2024 and 31 December 2024 | 2,148,877

6. Investments

| Listed | Unlisted | Total
--- | --- | --- | ---
| £ | £ | £
Cost or Valuation
As at 1 January 2024 | 22,462 | 140,575 | 163,037
Additions | - | 200 | 200
Revaluations | (12,032 ) | - | (12,032 )
As at 31 December 2024 | 10,430 | 140,775 | 151,205
Provision
As at 1 January 2024 | - | - | -
As at 31 December 2024 | - | - | -
Net Book Value
As at 31 December 2024 | 10,430 | 140,775 | 151,205
As at 1 January 2024 | 22,462 | 140,575 | 163,037

Investments in listed and unlisted shares are initially measured at fair value including transaction costs. Subsequently, listed investments are carried at fair value with changes recognised in profit or loss. Unlisted investments are measured at fair value where this can be reliably determined; otherwise, they are held at cost less impairment. Impairment reviews are performed at each reporting date and any losses are recognised in profit or loss.
7. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 47,865 |  | 19,167
Other debtors | 28,941 |  | 13,191
| 76,806 |  | 32,358

8. Current Asset Investments

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Listed investments | 232,224 |  | 253,109

Page 5
Page 6
Gilardini Realty Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
9. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 6,236 |  | 10,592
Other creditors | 4,252 |  | 4,094
Taxation and social security | 4,519 |  | 2,941
| 15,007 |  | 17,627

10. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 16,280 |  | 26,928
Other loans | 2,701,189 |  | 2,631,843
| 2,717,469 |  | 2,658,771

11. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

12. Ultimate Controlling Party
The company's ultimate controlling party is Gilardini Real Estate Srl by virtue of his ownership of 100% of the issued share capital in the company.
Page 6