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 12406755 Mr Vesa Matti Poikonen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12406755 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-12-31 12406755 2023-12-31 12406755 2024-12-31 12406755 2024-01-01 2024-12-31 12406755 frs-core:CurrentFinancialInstruments 2024-12-31 12406755 frs-core:Non-currentFinancialInstruments 2024-12-31 12406755 frs-core:ShareCapital 2024-12-31 12406755 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12406755 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12406755 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12406755 frs-bus:SmallEntities 2024-01-01 2024-12-31 12406755 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12406755 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12406755 frs-bus:Director1 2024-01-01 2024-12-31 12406755 frs-countries:EnglandWales 2024-01-01 2024-12-31 12406755 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-12-31 12406755 2022-12-31 12406755 2023-12-31 12406755 2023-01-01 2023-12-31 12406755 frs-core:CurrentFinancialInstruments 2023-12-31 12406755 frs-core:Non-currentFinancialInstruments 2023-12-31 12406755 frs-core:ShareCapital 2023-12-31 12406755 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 12406755
Sisu Gordon Ltd
Financial Statements
For The Year Ended 31 December 2024
Michael Stuart Associates Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12406755
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,000,000 1,059,838
1,000,000 1,059,838
CURRENT ASSETS
Debtors 5 69,898 161,496
Cash at bank and in hand 7,437 10,928
77,335 172,424
Creditors: Amounts Falling Due Within One Year 6 (106,815 ) (196,760 )
NET CURRENT ASSETS (LIABILITIES) (29,480 ) (24,336 )
TOTAL ASSETS LESS CURRENT LIABILITIES 970,520 1,035,502
Creditors: Amounts Falling Due After More Than One Year 7 (958,375 ) (1,012,382 )
NET ASSETS 12,145 23,120
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 11,145 22,120
SHAREHOLDERS' FUNDS 12,145 23,120
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 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 Vesa Matti Poikonen
Director
13/10/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sisu Gordon Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12406755 . The registered office is 27 Old Gloucester Street,, London, WC1N 3AX.
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. 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: NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 January 2024 1,059,838
Fair value adjustments (59,838 )
As at 31 December 2024 1,000,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 1,059,838 1,059,838
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 35,718 46,587
Other debtors 34,180 114,909
69,898 161,496
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,885 8,262
Bank loans and overdrafts 44,666 39,355
Other creditors 54,648 149,143
Taxation and social security 2,616 -
106,815 196,760
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 455,375 509,382
Other creditors 503,000 503,000
958,375 1,012,382
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 260,854 312,311
Other Creditors 503,000 503,000
8. Secured Creditors
Of the creditors the following amounts are secured.
The bank loan is secured against investment property held at the balance sheet date.
2024 2023
£ £
Bank loans and overdrafts 500,041 576,129
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Related Party Transactions
The company has received loans from shareholders.  The loans are interest free.   At the year end, the balance owing to shareholders in relation to the loans is £503,000.
Page 4