Acorah Software Products - Accounts Production 16.7.461 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 05583408 Mr. Brice Bonato Mr Matthieu Cany Mr Matthieu Cany iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05583408 2023-12-31 05583408 2024-12-31 05583408 2024-01-01 2024-12-31 05583408 frs-core:CurrentFinancialInstruments 2024-12-31 05583408 frs-core:Non-currentFinancialInstruments 2024-12-31 05583408 frs-core:FurnitureFittings 2024-12-31 05583408 frs-core:FurnitureFittings 2024-01-01 2024-12-31 05583408 frs-core:FurnitureFittings 2023-12-31 05583408 frs-core:PlantMachinery 2024-12-31 05583408 frs-core:PlantMachinery 2024-01-01 2024-12-31 05583408 frs-core:PlantMachinery 2023-12-31 05583408 frs-core:SharePremium 2024-12-31 05583408 frs-core:ShareCapital 2024-12-31 05583408 frs-core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 05583408 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05583408 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05583408 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05583408 frs-bus:SmallEntities 2024-01-01 2024-12-31 05583408 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05583408 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05583408 frs-core:CostValuation 2023-12-31 05583408 frs-core:CostValuation 2024-12-31 05583408 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 05583408 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 05583408 frs-bus:Director1 2024-01-01 2024-12-31 05583408 frs-bus:Director2 2024-01-01 2024-12-31 05583408 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 05583408 frs-core:CurrentFinancialInstruments 1 2024-12-31 05583408 frs-core:CurrentFinancialInstruments 2 2024-12-31 05583408 frs-core:CurrentFinancialInstruments 3 2024-12-31 05583408 frs-core:CurrentFinancialInstruments 4 2024-12-31 05583408 frs-core:CurrentFinancialInstruments 5 2024-12-31 05583408 frs-core:CurrentFinancialInstruments 6 2024-12-31 05583408 frs-countries:EnglandWales 2024-01-01 2024-12-31 05583408 2022-12-31 05583408 2023-12-31 05583408 2023-01-01 2023-12-31 05583408 frs-core:CurrentFinancialInstruments 2023-12-31 05583408 frs-core:Non-currentFinancialInstruments 2023-12-31 05583408 frs-core:SharePremium 2022-12-31 05583408 frs-core:SharePremium 2023-12-31 05583408 frs-core:ShareCapital 2022-12-31 05583408 frs-core:ShareCapital 2023-12-31 05583408 frs-core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 05583408 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-12-31 05583408 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05583408 frs-core:CurrentFinancialInstruments 1 2023-12-31 05583408 frs-core:CurrentFinancialInstruments 2 2023-12-31 05583408 frs-core:CurrentFinancialInstruments 3 2023-12-31 05583408 frs-core:CurrentFinancialInstruments 4 2023-12-31 05583408 frs-core:CurrentFinancialInstruments 5 2023-12-31 05583408 frs-core:CurrentFinancialInstruments 6 2023-12-31
Registered number: 05583408
Sextant Properties Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 05583408
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 5 75,700 75,700
75,700 75,700
CURRENT ASSETS
Debtors 6 200,983 201,304
Cash at bank and in hand 2,232 1,986
203,215 203,290
Creditors: Amounts Falling Due Within One Year 7 (86,454 ) (95,589 )
NET CURRENT ASSETS (LIABILITIES) 116,761 107,701
TOTAL ASSETS LESS CURRENT LIABILITIES 192,461 183,401
NET ASSETS 192,461 183,401
CAPITAL AND RESERVES
Called up share capital 8 2,000 2,000
Share premium account 149,925 149,925
Profit and Loss Account 40,536 31,476
SHAREHOLDERS' FUNDS 192,461 183,401
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 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 Matthieu Cany
Director
17/11/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Share Premium Profit and Loss Account Total
£ £ £ £
As at 1 January 2023 2,000 149,925 53,037 204,962
Loss for the year and total comprehensive income - - (21,561 ) (21,561)
As at 31 December 2023 and 1 January 2024 2,000 149,925 31,476 183,401
Profit for the year and total comprehensive income - - 9,060 9,060
As at 31 December 2024 2,000 149,925 40,536 192,461
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Sextant Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05583408 . The registered office is 66 Prescot Street, London, E1 8NN.
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.
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:
Plant & Machinery 3 years straight line
Fixtures & Fittings 20% straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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Page 5
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2024 25,754 5,536 31,290
As at 31 December 2024 25,754 5,536 31,290
Depreciation
As at 1 January 2024 25,754 5,536 31,290
As at 31 December 2024 25,754 5,536 31,290
Net Book Value
As at 31 December 2024 - - -
As at 1 January 2024 - - -
5. Investments
Subsidiaries
£
Cost or Valuation
As at 1 January 2024 75,700
As at 31 December 2024 75,700
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 75,700
As at 1 January 2024 75,700
6. Debtors
2024 2023
£ £
Due within one year
VAT Recoverable 577 1,138
Deposit 4,153 4,153
Directors Loan Account-MC 33,433 33,433
Directors loan account- BB 29,026 29,026
Other Receivables - 1
Wages Control 241 -
Loan to Sextant SARL 107,234 107,234
174,664 174,985
Due after more than one year
Corporation tax repayable 26,319 26,319
200,983 201,304
Page 5
Page 6
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 3,637 1,511
PAYE Control Account 578 511
Loan From Nedellec HPA 900 900
Loan from Serge Cany 27,731 33,708
F.Capelle/H.Cany 1,676 1,676
Pension Account 196 392
Other Trade Creditors 4,798 7,468
Accruals and deferred income 3,300 1,800
Amounts owed to Marine Bonato 43,638 47,623
86,454 95,589
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,000 2,000
9. Related Party Transactions
At the balance sheet date,the company was owed £33,433 (2023:£33,433) and £29,026 (2023:£29,026) by Mathieu Cany and Brice Bonato respectively,who are both directors and shareholders of the company.
At the balance sheet date,an amount of £27,731  (2023:£33,738) was owed to Serge Cany ,Mathieu Cany`s dad.This loan is unsecured and repayable on demand.
During the year,fees of £76,280 (2023:£66,793) were invoiced to Sextant Properties SARL,a company incorporated in France and which is a subsidiary of Sextant Properties Limited.
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