Acorah Software Products - Accounts Production 19.2.450 false true 31 October 2024 1 November 2023 false 1 November 2024 31 October 2025 31 October 2025 02865292 Mr G A Sandullo Mrs L M Sandullo iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02865292 2024-10-31 02865292 2025-10-31 02865292 2024-11-01 2025-10-31 02865292 frs-core:CurrentFinancialInstruments 2025-10-31 02865292 frs-core:ComputerEquipment 2025-10-31 02865292 frs-core:ComputerEquipment 2024-11-01 2025-10-31 02865292 frs-core:ComputerEquipment 2024-10-31 02865292 frs-core:FurnitureFittings 2025-10-31 02865292 frs-core:FurnitureFittings 2024-11-01 2025-10-31 02865292 frs-core:FurnitureFittings 2024-10-31 02865292 frs-core:MotorVehicles 2025-10-31 02865292 frs-core:MotorVehicles 2024-11-01 2025-10-31 02865292 frs-core:MotorVehicles 2024-10-31 02865292 frs-core:PlantMachinery 2025-10-31 02865292 frs-core:PlantMachinery 2024-11-01 2025-10-31 02865292 frs-core:PlantMachinery 2024-10-31 02865292 frs-core:ShareCapital 2025-10-31 02865292 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 02865292 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 02865292 frs-bus:FilletedAccounts 2024-11-01 2025-10-31 02865292 frs-bus:SmallEntities 2024-11-01 2025-10-31 02865292 frs-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 02865292 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 02865292 frs-bus:Director1 2024-11-01 2025-10-31 02865292 frs-bus:Director1 2024-10-31 02865292 frs-bus:Director1 2025-10-31 02865292 frs-bus:Director2 2024-11-01 2025-10-31 02865292 frs-countries:EnglandWales 2024-11-01 2025-10-31 02865292 2023-10-31 02865292 2024-10-31 02865292 2023-11-01 2024-10-31 02865292 frs-core:CurrentFinancialInstruments 2024-10-31 02865292 frs-core:ShareCapital 2024-10-31 02865292 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 02865292 frs-core:CurrentFinancialInstruments 1 2024-10-31
Registered number: 02865292
G S P Properties Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
G S P Properties Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
G S P Properties Limited
Balance Sheet
As At 31 October 2025
Balance Sheet
Registered number: 02865292

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 1,181 |  | 5,195
|  |  | 1,181 |  | 5,195
CURRENT ASSETS
Debtors | 5 | 20,287 |  | 4,329 |
Cash at bank and in hand |  | 64,594 |  | 46,127 |
|  | 84,881 |  | 50,456 |
Creditors: Amounts Falling Due Within One Year | 6 | (16,676 ) |  | (24,747 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 68,205 |  | 25,709
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 69,386 |  | 30,904
NET ASSETS |  |  | 69,386 |  | 30,904
CAPITAL AND RESERVES
Called up share capital | 7 |  | 100 |  | 100
Profit and Loss Account |  |  | 69,286 |  | 30,804
SHAREHOLDERS' FUNDS |  |  | 69,386 |  | 30,904

Page 1
Page 2
G S P Properties Limited
Balance Sheet (continued)
As At 31 October 2025
For the year ending 31 October 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

Mr G A Sandullo Director
01/07/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
G S P Properties Limited
Notes to the Financial Statements
For The Year Ended 31 October 2025
Notes to the Financial Statements
1. General Information
G S P Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02865292 . The registered office is 925 Finchley Road, London, NW11 7PE.
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. 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 | 33% on cost
Motor Vehicles | 25% on cost
Fixtures & Fittings | 25% on cost
Computer Equipment | 33.33% on cost

2.3. 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 (2024: 2)
3 2
Page 3
Page 4
G S P Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
4. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Cost
As at 1 November 2024 | 1,877 | 16,500 | 17,692 | 2,766 | 38,835
Additions | - | - | - | 1,740 | 1,740
As at 31 October 2025 | 1,877 | 16,500 | 17,692 | 4,506 | 40,575
Depreciation
As at 1 November 2024 | 1,877 | 12,375 | 17,544 | 1,844 | 33,640
Provided during the period | - | 4,125 | 127 | 1,502 | 5,754
As at 31 October 2025 | 1,877 | 16,500 | 17,671 | 3,346 | 39,394
Net Book Value
As at 31 October 2025 | - | - | 21 | 1,160 | 1,181
As at 1 November 2024 | - | 4,125 | 148 | 922 | 5,195

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 2,150 |  | 4,229
Other debtors | 250 |  | -
Directors' loan accounts | 17,787 |  | -
Called up share capital not paid | 100 |  | 100
| 20,287 |  | 4,329

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Corporation tax | 11,163 |  | 5,710
Other taxes and social security | 1,435 |  | 1,308
Other creditors | 838 |  | 2,382
Credit card | - |  | 2,202
Accruals and deferred income | 3,240 |  | 11,825
Directors' loan accounts | - |  | 1,320
| 16,676 |  | 24,747

7. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Called Up Share Capital not Paid | 100 |  | 100
Amount of Allotted, Called Up Share Capital | 100 |  | 100

Page 4
Page 5
G S P Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 November 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 October 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Guiseppe Sandullo | 1,320 | 21,189 | 4,722 | - | 17,787

The above loan was repaid within 9 months of the year end.
Page 5