Acorah Software Products - Accounts Production 14.5.601 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 06951308 Mr Anthony Lee Mr John Russell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06951308 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2023-12-31 06951308 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2023-12-31 06951308 2022-12-31 06951308 2023-12-31 06951308 2023-01-01 2023-12-31 06951308 frs-core:CurrentFinancialInstruments 2023-12-31 06951308 frs-core:Non-currentFinancialInstruments 2023-12-31 06951308 frs-core:ComputerEquipment 2023-12-31 06951308 frs-core:ComputerEquipment 2023-01-01 2023-12-31 06951308 frs-core:ComputerEquipment 2022-12-31 06951308 frs-core:FurnitureFittings 2023-12-31 06951308 frs-core:FurnitureFittings 2023-01-01 2023-12-31 06951308 frs-core:FurnitureFittings 2022-12-31 06951308 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 06951308 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 06951308 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 06951308 frs-core:MotorVehicles 2023-12-31 06951308 frs-core:MotorVehicles 2023-01-01 2023-12-31 06951308 frs-core:MotorVehicles 2022-12-31 06951308 frs-core:PlantMachinery 2023-12-31 06951308 frs-core:PlantMachinery 2023-01-01 2023-12-31 06951308 frs-core:PlantMachinery 2022-12-31 06951308 frs-core:ShareCapital 2023-12-31 06951308 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06951308 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06951308 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06951308 frs-bus:SmallEntities 2023-01-01 2023-12-31 06951308 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06951308 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06951308 frs-bus:Director1 2023-01-01 2023-12-31 06951308 frs-bus:Director2 2023-01-01 2023-12-31 06951308 frs-countries:EnglandWales 2023-01-01 2023-12-31 06951308 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2022-12-31 06951308 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2022-12-31 06951308 2021-12-31 06951308 2022-12-31 06951308 2022-01-01 2022-12-31 06951308 frs-core:CurrentFinancialInstruments 2022-12-31 06951308 frs-core:Non-currentFinancialInstruments 2022-12-31 06951308 frs-core:ShareCapital 2022-12-31 06951308 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 06951308
Holt Retirement Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06951308
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,177 9,410
10,177 9,410
CURRENT ASSETS
Cash at bank and in hand 27,297 4,005
27,297 4,005
Creditors: Amounts Falling Due Within One Year 5 (51,224 ) (51,335 )
NET CURRENT ASSETS (LIABILITIES) (23,927 ) (47,330 )
TOTAL ASSETS LESS CURRENT LIABILITIES (13,750 ) (37,920 )
Creditors: Amounts Falling Due After More Than One Year 6 (108,903 ) (116,760 )
NET LIABILITIES (122,653 ) (154,680 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (122,654 ) (154,681 )
SHAREHOLDERS' FUNDS (122,653) (154,680)
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For the year ending 31 December 2023 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 Anthony Lee
Director
20 March 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Holt Retirement Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06951308 . The registered office is Kingstone Farm House, Kingstone Winslow, Oxfordshire, SN6 8NJ.
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. Going Concern Disclosure
The company reports negative reserves as at 31 December 2023. The directors have agreed to assist the company to ensure that its creditors are paid as they fall due and is confident the company will continue to report a profit in the coming twelve months. These accounts have been prepared on the going concern basis. 
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 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.
2.4. 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:
Leasehold 20% Straight line
Plant & Machinery 10% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 33% Straight line
Computer Equipment 33% Straight line
2.5. 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 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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3. Average Number of Employees
Average number of employees, including directors, during the year was: 30 (2022: 30)
30 30
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2023 12,324 - 10,650 31,187
Additions - 2,850 - 5,016
As at 31 December 2023 12,324 2,850 10,650 36,203
Depreciation
As at 1 January 2023 11,352 - 6,251 27,922
Provided during the period 882 285 1,100 4,316
As at 31 December 2023 12,234 285 7,351 32,238
Net Book Value
As at 31 December 2023 90 2,565 3,299 3,965
As at 1 January 2023 972 - 4,399 3,265
Computer Equipment Total
£ £
Cost
As at 1 January 2023 9,346 63,507
Additions 222 8,088
As at 31 December 2023 9,568 71,595
Depreciation
As at 1 January 2023 8,572 54,097
Provided during the period 738 7,321
As at 31 December 2023 9,310 61,418
Net Book Value
As at 31 December 2023 258 10,177
As at 1 January 2023 774 9,410
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5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 6,847 14,342
Bank loans and overdrafts 6,528 5,964
Other taxes and social security 13,663 10,282
Other creditors 835 1,043
Accruals and deferred income 16,296 12,961
Directors' loan accounts 7,055 6,743
51,224 51,335
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 18,089 24,411
Amounts owed to related parties 90,814 92,349
108,903 116,760
7. Loans
An analysis of the maturity of loans is given below:
2023 2022
£ £
Amounts falling due within one year or on demand:
Bank loans 6,528 5,964
6,528 5,964
2023 2022
£ £
Amounts falling due between one and five years:
Bank loans 18,089 24,411
18,089 24,411
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. Related Party Disclosures
The following amounts were outstanding at the reporting end date:
At 31st December 2023, Holt Retirement Ltd owed £90,814 (2022 £92,349) in respect of a loan from a company under common control, Banktop Securities Ltd. This loan is interest free.
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