Acorah Software Products - Accounts Production 16.5.460 false true true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 11145924 Mr M G A Lazarus true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11145924 2024-01-31 11145924 2025-01-31 11145924 2024-02-01 2025-01-31 11145924 frs-core:CurrentFinancialInstruments 2025-01-31 11145924 frs-core:Non-currentFinancialInstruments 2025-01-31 11145924 frs-core:FurnitureFittings 2025-01-31 11145924 frs-core:FurnitureFittings 2024-02-01 2025-01-31 11145924 frs-core:FurnitureFittings 2024-01-31 11145924 frs-core:RevaluationReserve 2024-02-01 2025-01-31 11145924 frs-core:RevaluationReserve 2024-01-31 11145924 frs-core:RevaluationReserve 2025-01-31 11145924 frs-core:ShareCapital 2025-01-31 11145924 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 11145924 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 11145924 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 11145924 frs-bus:SmallEntities 2024-02-01 2025-01-31 11145924 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 11145924 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 11145924 frs-bus:OrdinaryShareClass1 2024-02-01 2025-01-31 11145924 frs-bus:OrdinaryShareClass1 2025-01-31 11145924 1 2024-02-01 2025-01-31 11145924 frs-bus:Director1 2024-02-01 2025-01-31 11145924 frs-countries:EnglandWales 2024-02-01 2025-01-31 11145924 2023-01-31 11145924 2024-01-31 11145924 2023-02-01 2024-01-31 11145924 frs-core:CurrentFinancialInstruments 2024-01-31 11145924 frs-core:Non-currentFinancialInstruments 2024-01-31 11145924 frs-core:RevaluationReserve 2024-01-31 11145924 frs-core:ShareCapital 2024-01-31 11145924 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11145924 frs-bus:OrdinaryShareClass1 2023-02-01 2024-01-31
Registered number: 11145924
M.G.A.L. Properties Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Daniel Wolfson & Co Ltd
Dns House
382 Kenton Road
Harrow, Greater London
HA3 8DP
M.G.A.L. Properties Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
M.G.A.L. Properties Limited
Balance Sheet
As At 31 January 2025
Balance Sheet
Registered number: 11145924

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 838 |  | 1,117
Investment Properties | 6 |  | 545,000 |  | 830,000
|  |  | 545,838 |  | 831,117
CURRENT ASSETS
Debtors | 7 | 26,189 |  | 30,622 |
Cash at bank and in hand |  | 20,593 |  | 2,560 |
|  | 46,782 |  | 33,182 |
Creditors: Amounts Falling Due Within One Year | 8 | (18,167 ) |  | (17,951 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 28,615 |  | 15,231
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 574,453 |  | 846,348
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (776,000 ) |  | (998,985 )
NET LIABILITIES |  |  | (201,547 ) |  | (152,637 )
CAPITAL AND RESERVES
Called up share capital | 10 |  | 1 |  | 1
Revaluation reserve | 11 |  | (107,472 ) |  | (126,367 )
Profit and Loss Account |  |  | (94,076 ) |  | (26,271 )
SHAREHOLDERS' FUNDS |  |  | (201,547) |  | (152,637)

Page 1
Page 2
M.G.A.L. Properties Limited
Balance Sheet (continued)
As At 31 January 2025
For the year ending 31 January 2025 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 M G A Lazarus Director
10/10/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
M.G.A.L. Properties Limited
Notes to the Financial Statements
For The Year Ended 31 January 2025
Notes to the Financial Statements
1. General Information
M.G.A.L. Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11145924 . The registered office is Dns House, 382 Kenton Road, Harrow, Middlesex, HA3 8DP.
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. Going Concern Disclosure
These accounts are prepared on a going concern basis given the continued support of the director and loan creditors.
2.3. Turnover
Turnover represents rents receivable.
2.4. 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% on reducing balance

2.5. 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.
2.6. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
5. Tangible Assets

| Fixtures & Fittings
--- | ---
| £
Cost or Valuation
As at 1 February 2024 | 4,708
As at 31 January 2025 | 4,708
Depreciation
As at 1 February 2024 | 3,591
Provided during the period | 279
As at 31 January 2025 | 3,870
Net Book Value
As at 31 January 2025 | 838
As at 1 February 2024 | 1,117

Page 3
Page 4
M.G.A.L. Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
6. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 February 2024 | 830,000
Disposals | (250,000 )
Revaluations | (35,000)
As at 31 January 2025 | 545,000

If freehold land buildings had not been revalued they would have been included at the following historical cost:

| 2025 |  | 2024
| £ |  | £
Cost | 580,000 |  | 920,000
Revaluation | (35,000) |  | (90,000)
| 545,000 |  | 830,000

The properties have been valued at the balance sheet date by the director, who believes their carrying value to be their fair value. There have been no valuations by independent valuers.
7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 980 |  | 980
Due after more than one year
Deferred tax assets | 25,209 |  | 29,642
| 26,189 |  | 30,622

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 66 |  | -
Accruals and deferred income | 1,582 |  | 2,044
Director's loan account | 16,519 |  | 15,907
| 18,167 |  | 17,951

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

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Mortage loans more than 5 years | - |  | 219,585
Long term loan | 368,000 |  | 371,400
Directors loan account | 408,000 |  | 408,000
| 776,000 |  | 998,985

Of the creditors falling due after more than one year the following amounts are due after more than five years.
Page 4
Page 5
M.G.A.L. Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other Creditors | - |  | 219,585

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
1 Ordinary Shares of £ 1.00 each | 1 |  | 1

11. Reserves

| Revaluation Reserve
--- | ---
| £
As at 1 February 2024 | (126,367 )
Property revaluation reserve | 18,895
As at 31 January 2025 | (107,472 )

12. Ultimate Controlling Party
Mr M G A Lazarus is the ultimate controlling party by virtue of his 100% ownership of the voting share capital.
Page 5