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 11735661 V D Goldstein N J Goldstein iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11735661 2023-12-31 11735661 2024-12-31 11735661 2024-01-01 2024-12-31 11735661 frs-core:CurrentFinancialInstruments 2024-12-31 11735661 frs-core:Non-currentFinancialInstruments 2024-12-31 11735661 frs-core:InvestmentPropertyIncludedWithinPPE 2024-12-31 11735661 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 11735661 frs-core:SharePremium 2024-12-31 11735661 frs-core:ShareCapital 2024-12-31 11735661 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11735661 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11735661 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11735661 frs-bus:SmallEntities 2024-01-01 2024-12-31 11735661 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11735661 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11735661 frs-core:DeferredTaxation 2023-12-31 11735661 frs-core:DeferredTaxation 2024-12-31 11735661 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 11735661 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 11735661 frs-bus:Director1 2024-01-01 2024-12-31 11735661 frs-bus:Director2 2024-01-01 2024-12-31 11735661 frs-core:CurrentFinancialInstruments 1 2024-12-31 11735661 frs-core:CurrentFinancialInstruments 2 2024-12-31 11735661 frs-countries:EnglandWales 2024-01-01 2024-12-31 11735661 2022-12-31 11735661 2023-12-31 11735661 2023-01-01 2023-12-31 11735661 frs-core:CurrentFinancialInstruments 2023-12-31 11735661 frs-core:Non-currentFinancialInstruments 2023-12-31 11735661 frs-core:SharePremium 2023-12-31 11735661 frs-core:ShareCapital 2023-12-31 11735661 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11735661 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 11735661 frs-core:CurrentFinancialInstruments 1 2023-12-31 11735661 frs-core:CurrentFinancialInstruments 2 2023-12-31
Registered number: 11735661
161 & 167 Upper Street Limited
Unaudited 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: 11735661
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,725,000 5,725,000
5,725,000 5,725,000
CURRENT ASSETS
Debtors 5 13,618 15,124
Cash at bank and in hand 46,598 45,932
60,216 61,056
Creditors: Amounts Falling Due Within One Year 6 (268,354 ) (305,328 )
NET CURRENT ASSETS (LIABILITIES) (208,138 ) (244,272 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,516,862 5,480,728
Creditors: Amounts Falling Due After More Than One Year 7 (2,218,750 ) (2,283,750 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (275,000 ) (275,000 )
NET ASSETS 3,023,112 2,921,978
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Share premium account 1,662,657 1,662,657
Fair value reserve 10 825,000 825,000
Profit and Loss Account 534,455 433,321
SHAREHOLDERS' FUNDS 3,023,112 2,921,978
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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.
The financial statements were approved by the board of directors on 26 September 2025 and were signed on its behalf by:
V D Goldstein
Director
26 September 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
161 & 167 Upper Street Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11735661 . The registered office is 2nd Floor, Butler House, 177-178 Tottenham Court Road, London, W1T 7AF.
The presentation currency of the financial statements is the Pound Sterling (£).
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.
The presentation currency of the financial statements is the Pound Sterling (£).
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover is derived from the rental of the Investment Properties.
2.3. Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
2.4. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Investment Properties
£
Cost
As at 1 January 2024 5,725,000
As at 31 December 2024 5,725,000
Net Book Value
As at 31 December 2024 5,725,000
As at 1 January 2024 5,725,000
The investment properties were valued by the Directors at their fair value.
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 9,563 11,250
Prepayments and accrued income 3,992 1,881
Other debtors - 1,993
Corporation tax recoverable assets 63 -
13,618 15,124
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,230 2,230
Other creditors 33,750 46,559
Accrual and deferred income 50,243 57,453
Accrued expenses 15,866 17,560
Directors' loan accounts 166,265 181,526
268,354 305,328
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Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,218,750 2,283,750
The bank loan is secured by the investment properties of the company.
The outstanding balance on the loan is repayable in full, with any accrued interest at the termination date.
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 January 2024 275,000 275,000
Balance at 31 December 2024 275,000 275,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Reserves
Fair Value Reserve
£
As at 1 January 2024 825,000
As at 31 December 2024 825,000
11. Related Party Transactions
At the period end the company owed the Director, V Goldstein, £166,265 (2023: 181,526).
The ultimate controlling party is The V Fund Group Ltd, a company which is controlled by V Goldstein.
The immediate holding company is Vegen Investments Limited, a company which is controlled by V Goldstein.
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