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 10791122 Mr Peter Hall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10791122 2023-12-31 10791122 2024-12-31 10791122 2024-01-01 2024-12-31 10791122 frs-core:CurrentFinancialInstruments 2024-12-31 10791122 frs-core:Non-currentFinancialInstruments 2024-12-31 10791122 frs-core:MotorVehicles 2024-12-31 10791122 frs-core:MotorVehicles 2024-01-01 2024-12-31 10791122 frs-core:MotorVehicles 2023-12-31 10791122 frs-core:OtherReservesSubtotal 2024-12-31 10791122 frs-core:ShareCapital 2024-12-31 10791122 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10791122 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10791122 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10791122 frs-bus:SmallEntities 2024-01-01 2024-12-31 10791122 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10791122 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10791122 frs-bus:Director1 2024-01-01 2024-12-31 10791122 frs-countries:EnglandWales 2024-01-01 2024-12-31 10791122 2022-12-31 10791122 2023-12-31 10791122 2023-01-01 2023-12-31 10791122 frs-core:CurrentFinancialInstruments 2023-12-31 10791122 frs-core:Non-currentFinancialInstruments 2023-12-31 10791122 frs-core:OtherReservesSubtotal 2023-12-31 10791122 frs-core:ShareCapital 2023-12-31 10791122 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10791122
QT PROPERTIES NE LTD
Unaudited Financial Statements
For The Year Ended 31 December 2024
Accounting SQL Limited t/a Spondoo Accountants
QT PROPERTIES NE LTD
Contents
Contents

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

Page 1
QT PROPERTIES NE LTD
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 10791122

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 2,024 |  | 2,699
Investment Properties | 5 |  | 3,277,503 |  | 3,652,503
|  |  | 3,279,527 |  | 3,655,202
CURRENT ASSETS
Debtors | 6 | 953,958 |  | 1,342,490 |
Cash at bank and in hand |  | 26,097 |  | 3,919 |
|  | 980,055 |  | 1,346,409 |
Creditors: Amounts Falling Due Within One Year | 7 | (101,083 ) |  | (527,598 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 878,972 |  | 818,811
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 4,158,499 |  | 4,474,013
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (2,158,879 ) |  | (2,416,798 )
NET ASSETS |  |  | 1,999,620 |  | 2,057,215
CAPITAL AND RESERVES
Called up share capital | 9 |  | 2,000 |  | 2,000
Other reserves |  |  | 2,164,462 |  | 2,164,462
Profit and Loss Account |  |  | (166,842 ) |  | (109,247 )
SHAREHOLDERS' FUNDS |  |  | 1,999,620 |  | 2,057,215

Page 1
Page 2
QT PROPERTIES NE LTD
Balance Sheet (continued)
As At 31 December 2024
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 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 Peter Hall Director
03/10/2025

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
QT PROPERTIES NE LTD
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
QT PROPERTIES NE LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10791122 . The registered office is 112 Spendmore Lane, Coppull, Chorley, PR7 5BX.
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:

Motor Vehicles | 25%

2.4. 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

| Motor Vehicles
--- | ---
| £
Cost
As at 1 January 2024 | 3,700
As at 31 December 2024 | 3,700
Depreciation
As at 1 January 2024 | 1,001
Provided during the period | 675
As at 31 December 2024 | 1,676
Net Book Value
As at 31 December 2024 | 2,024
As at 1 January 2024 | 2,699

Page 3
Page 4
QT PROPERTIES NE LTD
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
5. Investment Property

| 2024
--- | ---
| £
Fair Value
As at 1 January 2024 | 3,652,503
Disposals | (375,000 )
As at 31 December 2024 | 3,277,503

6. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Amounts owed by participating interests | 781,962 |  | 1,342,490
Other debtors | 171,996 |  | -
| 953,958 |  | 1,342,490

7. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 25,932 |  | 25,047
Bank loans and overdrafts | 36,710 |  | 44,799
Other creditors | 33,402 |  | 452,713
Taxation and social security | 5,039 |  | 5,039
| 101,083 |  | 527,598

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

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 1,826,141 |  | 2,082,964
Other loans | 6,500 |  | 6,500
Other creditors | 326,238 |  | 327,334
| 2,158,879 |  | 2,416,798

9. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2,000 |  | 2,000

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