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 10520308 Mr Nicola Perandin Mrs Corina Barsa true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10520308 2023-12-31 10520308 2024-12-31 10520308 2024-01-01 2024-12-31 10520308 frs-core:CurrentFinancialInstruments 2024-12-31 10520308 frs-core:Non-currentFinancialInstruments 2024-12-31 10520308 frs-core:ComputerEquipment 2024-12-31 10520308 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10520308 frs-core:ComputerEquipment 2023-12-31 10520308 frs-core:FurnitureFittings 2024-12-31 10520308 frs-core:FurnitureFittings 2024-01-01 2024-12-31 10520308 frs-core:FurnitureFittings 2023-12-31 10520308 frs-core:InvestmentPropertyIncludedWithinPPE 2024-12-31 10520308 frs-core:InvestmentPropertyIncludedWithinPPE 2024-01-01 2024-12-31 10520308 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 10520308 frs-core:ShareCapital 2024-12-31 10520308 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10520308 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10520308 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10520308 frs-bus:SmallEntities 2024-01-01 2024-12-31 10520308 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10520308 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10520308 1 2024-01-01 2024-12-31 10520308 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 10520308 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 10520308 frs-bus:Director1 2024-01-01 2024-12-31 10520308 frs-bus:Director2 2024-01-01 2024-12-31 10520308 frs-countries:EnglandWales 2024-01-01 2024-12-31 10520308 2022-12-31 10520308 2023-12-31 10520308 2023-01-01 2023-12-31 10520308 frs-core:CurrentFinancialInstruments 2023-12-31 10520308 frs-core:Non-currentFinancialInstruments 2023-12-31 10520308 frs-core:ShareCapital 2023-12-31 10520308 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10520308 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31
Registered number: 10520308
Falcon Street Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10520308
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 826,463 826,973
826,463 826,973
CURRENT ASSETS
Debtors 5 1,123 159
Cash at bank and in hand 1,797 4,418
2,920 4,577
Creditors: Amounts Falling Due Within One Year 6 (331,462 ) (336,610 )
NET CURRENT ASSETS (LIABILITIES) (328,542 ) (332,033 )
TOTAL ASSETS LESS CURRENT LIABILITIES 497,921 494,940
Creditors: Amounts Falling Due After More Than One Year 7 (475,916 ) (479,739 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,532 ) (2,532 )
NET ASSETS 19,473 12,669
CAPITAL AND RESERVES
Called up share capital 9 1 1
Fair value reserve 10 15,404 15,404
Profit and Loss Account 4,068 (2,736 )
SHAREHOLDERS' FUNDS 19,473 12,669
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 Profit and Loss Account.
On behalf of the board
Mrs Corina Barsa
Director
25/09/2025
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
Falcon Street Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10520308 . The registered office is Flat 81 Rivulet Apartments, Devan Grove, London, N4 2GS.
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 25% reducing balance basis
Computer Equipment 25% reducing balance basis
2.4. Investment Properties
All Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
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 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
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4. Tangible Assets
Investment Properties Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 824,932 7,130 1,998 834,060
As at 31 December 2024 824,932 7,130 1,998 834,060
Depreciation
As at 1 January 2024 - 5,499 1,588 7,087
Provided during the period - 407 103 510
As at 31 December 2024 - 5,906 1,691 7,597
Net Book Value
As at 31 December 2024 824,932 1,224 307 826,463
As at 1 January 2024 824,932 1,631 410 826,973
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,123 159
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 1,716 165
Other taxes and social security 100 -
Other creditors 3,440 3,040
Accruals and deferred income 765 374
Directors' loan accounts 161,313 167,703
Amounts owed to group undertakings 145,254 145,254
Amounts owed to related parties 18,874 20,074
331,462 336,610
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 475,916 479,739
8. Secured Creditors
Of the creditors the following amounts are secured.
The below bank loans are secured on the investment properties. They are interest only with a term of 28 and 25 years.
2024 2023
£ £
Bank loans and overdrafts 472,275 473,797
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Reserves
Fair Value Reserve
£
As at 1 January 2024 15,404
As at 31 December 2024 15,404
11. Related Party Transactions
There has been transactions during the year between Falcon Street Limited and Free root Proeprties Ltd,  a company who is 100% shareholder of Falcon Street Ltd. The balance at y/e is £145,254 ( 2023: £145,254). The loan is interest free and repayable on demand.
There has been few transactions during the year between Falcon Street and NPS Structures and Design Ltd. Both companies are related by same director Nicola Perandin.The balance at y/e is £18,873 (2023: £20,073). The loan is interest free and repayable on demand.
12. Ultimate Controlling Party
Due to the nature of the group structure, there is no ultimate controlling party.  Falcon Street Ltd is 100% subsidiary of Free roots Proeprties Ltd, a company incorporated in England and Wales.
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