Acorah Software Products - Accounts Production 16.5.460 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 03646662 Naila Faquir Mr Majid Ishaq Naila Faquir iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03646662 2023-10-31 03646662 2024-10-31 03646662 2023-11-01 2024-10-31 03646662 frs-core:CurrentFinancialInstruments 2024-10-31 03646662 frs-core:Non-currentFinancialInstruments 2024-10-31 03646662 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 03646662 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03646662 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 03646662 frs-core:PlantMachinery 2024-10-31 03646662 frs-core:PlantMachinery 2023-11-01 2024-10-31 03646662 frs-core:PlantMachinery 2023-10-31 03646662 frs-core:SharePremium 2024-10-31 03646662 frs-core:ShareCapital 2024-10-31 03646662 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 03646662 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 03646662 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 03646662 frs-bus:SmallEntities 2023-11-01 2024-10-31 03646662 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 03646662 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 03646662 frs-bus:Director1 2023-11-01 2024-10-31 03646662 frs-bus:Director2 2023-11-01 2024-10-31 03646662 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 03646662 frs-countries:EnglandWales 2023-11-01 2024-10-31 03646662 2022-10-31 03646662 2023-10-31 03646662 2022-11-01 2023-10-31 03646662 frs-core:CurrentFinancialInstruments 2023-10-31 03646662 frs-core:Non-currentFinancialInstruments 2023-10-31 03646662 frs-core:SharePremium 2023-10-31 03646662 frs-core:ShareCapital 2023-10-31 03646662 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 03646662
Chapelrise Developments Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
BBK Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03646662
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,387,254 19,084,482
19,387,254 19,084,482
CURRENT ASSETS
Debtors 5 130,631 76,928
Cash at bank and in hand 178,105 192,779
308,736 269,707
Creditors: Amounts Falling Due Within One Year 6 (229,919 ) (1,980 )
NET CURRENT ASSETS (LIABILITIES) 78,817 267,727
TOTAL ASSETS LESS CURRENT LIABILITIES 19,466,071 19,352,209
Creditors: Amounts Falling Due After More Than One Year 7 (10,142,698 ) (9,980,501 )
NET ASSETS 9,323,373 9,371,708
CAPITAL AND RESERVES
Called up share capital 8 6,100,002 6,100,002
Share premium account 3,579,127 3,579,127
Profit and Loss Account (355,756 ) (307,421 )
SHAREHOLDERS' FUNDS 9,323,373 9,371,708
Page 1
Page 2
For the year ending 31 October 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.
On behalf of the board
Mr Majid Ishaq
Director
22/10/2025
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
Chapelrise Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03646662 . The registered office is 3a Broad Walk, Winchmore Hill, London, N21 3DA.
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. 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:
Freehold 0
Plant & Machinery 25%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 November 2023 19,080,465 7,830 19,088,295
Additions 302,063 2,284 304,347
As at 31 October 2024 19,382,528 10,114 19,392,642
Depreciation
As at 1 November 2023 - 3,813 3,813
Provided during the period - 1,575 1,575
As at 31 October 2024 - 5,388 5,388
Net Book Value
As at 31 October 2024 19,382,528 4,726 19,387,254
As at 1 November 2023 19,080,465 4,017 19,084,482
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 73,085 76,928
Other debtors 57,546 -
130,631 76,928
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2 960
Bank loans and overdrafts 228,897 -
Other creditors 1,020 1,020
229,919 1,980
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,663,662 5,892,560
Other creditors 4,479,036 4,087,941
10,142,698 9,980,501
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6,100,002 6,100,002
Page 4