Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2021 1 August 2020 false 1 August 2021 31 July 2022 31 July 2022 12117262 Mr Russell Moreton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12117262 2021-07-31 12117262 2022-07-31 12117262 2021-08-01 2022-07-31 12117262 frs-core:CurrentFinancialInstruments 2022-07-31 12117262 frs-core:Non-currentFinancialInstruments 2022-07-31 12117262 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-07-31 12117262 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2021-08-01 2022-07-31 12117262 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2021-07-31 12117262 frs-core:ShareCapital 2022-07-31 12117262 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31 12117262 frs-bus:PrivateLimitedCompanyLtd 2021-08-01 2022-07-31 12117262 frs-bus:FilletedAccounts 2021-08-01 2022-07-31 12117262 frs-bus:SmallEntities 2021-08-01 2022-07-31 12117262 frs-bus:AuditExempt-NoAccountantsReport 2021-08-01 2022-07-31 12117262 frs-bus:SmallCompaniesRegimeForAccounts 2021-08-01 2022-07-31 12117262 frs-bus:Director1 2021-08-01 2022-07-31 12117262 frs-countries:EnglandWales 2021-08-01 2022-07-31 12117262 2020-07-31 12117262 2021-07-31 12117262 2020-08-01 2021-07-31 12117262 frs-core:CurrentFinancialInstruments 2021-07-31 12117262 frs-core:Non-currentFinancialInstruments 2021-07-31 12117262 frs-core:ShareCapital 2021-07-31 12117262 frs-core:RetainedEarningsAccumulatedLosses 2021-07-31
Registered number: 12117262
Glasswork Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2022
Courtview Accounting Ltd
8 Chenevare Mews
High Street
Kinver
Stourbridge, West Midlands
DY7 6HB
Glasswork Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2022
Unaudited Financial Statements

Contents
| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—4

Page 1
Glasswork Properties Ltd
Balance Sheet
As At 31 July 2022
Balance Sheet
Registered number: 12117262

| 2022 | 2021
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 3 |  | 47,560 |  | 6,608
|  |  | 47,560 |  | 6,608
CURRENT ASSETS
Stocks | 4 | 10,300 |  | 1,600 |
Cash at bank and in hand |  | 1 |  | 76,162 |
|  | 10,301 |  | 77,762 |
Creditors: Amounts Falling Due Within One Year | 5 | (27,089 ) |  | (12,044 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (16,788 ) |  | 65,718
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 30,772 |  | 72,326
Creditors: Amounts Falling Due After More Than One Year | 6 |  | (85,774 ) |  | (87,464 )
NET LIABILITIES |  |  | (55,002 ) |  | (15,138 )
CAPITAL AND RESERVES
Called up share capital | 7 |  | 1 |  | 1
Profit and Loss Account |  |  | (55,003 ) |  | (15,139 )
SHAREHOLDERS' FUNDS |  |  | (55,002) |  | (15,138)

Page 1
Page 2
Glasswork Properties Ltd
Balance Sheet (continued)
As At 31 July 2022
For the year ending 31 July 2022 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 Russell Moreton Director
03/11/2025

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Glasswork Properties Ltd
Notes to the Financial Statements
For The Year Ended 31 July 2022
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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:

Leasehold | 25% on net book value

1.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 5 (2021: 1)
5 1
3. Tangible Assets

| Land & Property
--- | ---
| Leasehold
| £
Cost
As at 1 August 2021 | 8,810
Additions | 40,952
As at 31 July 2022 | 49,762
Depreciation
As at 1 August 2021 | 2,202
As at 31 July 2022 | 2,202
Net Book Value
As at 31 July 2022 | 47,560
As at 1 August 2021 | 6,608

Page 3
Page 4
Glasswork Properties Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2022
4. Stocks

| 2022 |  | 2021
--- | --- | --- | ---
| £ |  | £
Stock - finished goods | 10,300 |  | 1,600

5. Creditors: Amounts Falling Due Within One Year

| 2022 |  | 2021
--- | --- | --- | ---
| £ |  | £
Trade creditors | 2,601 |  | 1,801
Other taxes and social security | 24,488 |  | 10,243
| 27,089 |  | 12,044

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

| 2022 |  | 2021
--- | --- | --- | ---
| £ |  | £
Brewery loan | 37,464 |  | 37,464
Bounce back loan | 48,310 |  | 50,000
| 85,774 |  | 87,464

7. Share Capital

| 2022 |  | 2021
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

8. General Information
Glasswork Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12117262 . The registered office is 63/66 Hatton Garden, London, EC1N 8LE.
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