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 12422581 Lam Li iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12422581 2023-12-31 12422581 2024-12-31 12422581 2024-01-01 2024-12-31 12422581 frs-core:CurrentFinancialInstruments 2024-12-31 12422581 frs-core:Non-currentFinancialInstruments 2024-12-31 12422581 frs-core:FurnitureFittings 2024-12-31 12422581 frs-core:FurnitureFittings 2024-01-01 2024-12-31 12422581 frs-core:FurnitureFittings 2023-12-31 12422581 frs-core:ShareCapital 2024-12-31 12422581 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12422581 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12422581 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12422581 frs-bus:SmallEntities 2024-01-01 2024-12-31 12422581 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12422581 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12422581 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-01-01 2024-12-31 12422581 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 12422581 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 12422581 frs-bus:Director1 2024-01-01 2024-12-31 12422581 frs-countries:EnglandWales 2024-01-01 2024-12-31 12422581 2022-12-31 12422581 2023-12-31 12422581 2023-01-01 2023-12-31 12422581 frs-core:CurrentFinancialInstruments 2023-12-31 12422581 frs-core:Non-currentFinancialInstruments 2023-12-31 12422581 frs-core:ShareCapital 2023-12-31 12422581 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12422581 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31
Registered number: 12422581
GG-262-499 Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12422581
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 613 1,097
Investment Properties 5 470,000 510,000
470,613 511,097
CURRENT ASSETS
Debtors 6 8,986 1,936
Cash at bank and in hand 67,730 58,922
76,716 60,858
Creditors: Amounts Falling Due Within One Year 7 (529,478 ) (528,384 )
NET CURRENT ASSETS (LIABILITIES) (452,762 ) (467,526 )
TOTAL ASSETS LESS CURRENT LIABILITIES 17,851 43,571
PROVISIONS FOR LIABILITIES
Deferred Taxation - (4,351 )
NET ASSETS 17,851 39,220
CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 (30,051 ) 10,597
Profit and Loss Account 47,802 28,523
SHAREHOLDERS' FUNDS 17,851 39,220
Page 1
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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
Lam Li
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
GG-262-499 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12422581 . The registered office is 1 Lyric Square, London, W6 0NB.
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.
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% Straight Line
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 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)
- -
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4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 1 January 2024 1,934
As at 31 December 2024 1,934
Depreciation
As at 1 January 2024 837
Provided during the period 484
As at 31 December 2024 1,321
Net Book Value
As at 31 December 2024 613
As at 1 January 2024 1,097
5. Investment Property
2024
£
Fair Value
As at 1 January 2024 510,000
Revaluations (40,000)
As at 31 December 2024 470,000
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,398 1,397
Other debtors 489 489
Called up share capital not paid 50 50
1,937 1,936
Due after more than one year
Deferred tax current asset 7,049 -
8,986 1,936
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 3,005 2,582
Accruals and deferred income 14,561 14,546
Director's loan account 511,912 511,256
529,478 528,384
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8. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 50 50
Called Up Share Capital has been paid up 50 50
Amount of Allotted, Called Up Share Capital 100 100
9. Reserves
Fair Value Reserve
£
As at 1 January 2024 10,597
Transfer to profit and loss (40,648 )
As at 31 December 2024 (30,051 )
Page 5