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Registered number: 12060692
Gemc Investments Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12060692
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,908 679
Investment Properties 5 325,000 525,000
338,908 525,679
CURRENT ASSETS
Debtors 6 433 2,629
Cash at bank and in hand 273,886 204,471
274,319 207,100
Creditors: Amounts Falling Due Within One Year 7 (710,976 ) (729,387 )
NET CURRENT ASSETS (LIABILITIES) (436,657 ) (522,287 )
TOTAL ASSETS LESS CURRENT LIABILITIES (97,749 ) 3,392
Creditors: Amounts Falling Due After More Than One Year 8 - (10,000 )
NET LIABILITIES (97,749 ) (6,608 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10,296 20,446
Profit and Loss Account (108,145 ) (27,154 )
SHAREHOLDERS' FUNDS (97,749) (6,608)
Page 1
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For the year ending 30 June 2025 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
Miss Kelly Brammer
Director
13 May 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Gemc Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12060692 . The registered office is Longslow House, Caverswall Road, Blythe Bridge, Staffordshire, ST11 9BG.
The financial statements are presented in pound sterling (£) and rounded to the nearest whole £.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements are prepared on a going concern basis despite the insolvent position as the main creditor has no intention of withdrawing financial support.
2.3. 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 letting of residential and commercial properties. Turnover is recognised as the company becomes entitled to the consideration received and reduced for estimated customer returns, rebates and other similar allowances.
2.4. 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% reducing balance
Fixtures & Fittings 33% straight line
Computer Equipment 33% straight line
2.5. 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.
2.6. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 July 2024 - 390 1,067 1,457
Additions 50,094 - - 50,094
Disposals (32,199 ) - - (32,199 )
As at 30 June 2025 17,895 390 1,067 19,352
Depreciation
As at 1 July 2024 - 390 388 778
Provided during the period 4,474 - 192 4,666
As at 30 June 2025 4,474 390 580 5,444
Net Book Value
As at 30 June 2025 13,421 - 487 13,908
As at 1 July 2024 - - 679 679
5. Investment Property
2025
£
Fair Value
As at 1 July 2024 525,000
Additions 78,203
Disposals (276,021 )
Revaluations (2,182)
As at 30 June 2025 325,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
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2025 2024
£ £
Cost 314,704 503,753
Accumulated depreciation and impairment 33,861 46,785
Carrying amount 280,843 456,968
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 433 2,629
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,241 68
Bank loans and overdrafts 10,000 10,000
Other creditors 699,089 718,791
Taxation and social security 646 528
710,976 729,387
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 10,000
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Included within other creditors is a balance of £698,141 (2024: £717,891) owed to the directors. No interest has been charged on this amount and there were no conditions attached.
11. Ultimate Controlling Party
The company's ultimate controlling party is the directors by virtue of their interest in the issued share capital in the company.
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