Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 12409008 Mr Ali Charchafchi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12409008 2023-12-31 12409008 2024-12-31 12409008 2024-01-01 2024-12-31 12409008 frs-core:CurrentFinancialInstruments 2024-12-31 12409008 frs-core:Non-currentFinancialInstruments 2024-12-31 12409008 frs-core:InvestmentPropertyIncludedWithinPPE 2024-12-31 12409008 frs-core:InvestmentPropertyIncludedWithinPPE 2024-01-01 2024-12-31 12409008 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 12409008 frs-core:ShareCapital 2024-12-31 12409008 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12409008 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12409008 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12409008 frs-bus:SmallEntities 2024-01-01 2024-12-31 12409008 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12409008 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12409008 frs-bus:Director1 2024-01-01 2024-12-31 12409008 frs-core:Non-currentFinancialInstruments 1 2024-12-31 12409008 frs-core:Non-currentFinancialInstruments 2 2024-12-31 12409008 frs-core:Non-currentFinancialInstruments 3 2024-12-31 12409008 frs-core:Non-currentFinancialInstruments 4 2024-12-31 12409008 frs-countries:EnglandWales 2024-01-01 2024-12-31 12409008 2022-12-31 12409008 2023-12-31 12409008 2023-01-01 2023-12-31 12409008 frs-core:CurrentFinancialInstruments 2023-12-31 12409008 frs-core:Non-currentFinancialInstruments 2023-12-31 12409008 frs-core:ShareCapital 2023-12-31 12409008 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12409008 frs-core:Non-currentFinancialInstruments 1 2023-12-31 12409008 frs-core:Non-currentFinancialInstruments 2 2023-12-31 12409008 frs-core:Non-currentFinancialInstruments 3 2023-12-31 12409008 frs-core:Non-currentFinancialInstruments 4 2023-12-31
Registered number: 12409008
Heritance Land Capital Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Parvez & Co.
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12409008
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,096,177 6,610,704
9,096,177 6,610,704
CURRENT ASSETS
Debtors 5 4,455,812 3,232,567
Cash at bank and in hand 64,173 106,238
4,519,985 3,338,805
Creditors: Amounts Falling Due Within One Year 6 (243,360 ) (125,552 )
NET CURRENT ASSETS (LIABILITIES) 4,276,625 3,213,253
TOTAL ASSETS LESS CURRENT LIABILITIES 13,372,802 9,823,957
Creditors: Amounts Falling Due After More Than One Year 7 (13,900,186 ) (9,844,455 )
NET LIABILITIES (527,384 ) (20,498 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (527,484 ) (20,598 )
SHAREHOLDERS' FUNDS (527,384) (20,498)
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 Ali Charchafchi
Director
23rd September 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Heritance Land Capital Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12409008 . The registered office is 35 Berkeley Square, Mayfair, London, W1J 5BF.
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. 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:
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. Tangible Assets
Investment Properties
£
Cost
As at 1 January 2024 6,610,704
Additions 2,485,473
As at 31 December 2024 9,096,177
Net Book Value
As at 31 December 2024 9,096,177
As at 1 January 2024 6,610,704
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 417,532 417,532
Other debtors 100 100
VAT 78 1,833
417,710 419,465
Due after more than one year
Karrada development ltd 4,038,102 2,813,102
4,455,812 3,232,567
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 240,315 122,507
Accruals and deferred income 1,250 1,250
Director's loan account 1,795 1,795
243,360 125,552
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 31,385
Loan - Zahrat AlryanTrading (UAE) 3,146,222 3,146,222
RAFEHA AL HASSANI 100,000 100,000
Central Park Property Ltd 70,000 70,000
March Holding 10,520,415 6,424,264
Directors loan account 63,549 72,584
13,900,186 9,844,455
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3