Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 01742544 Mr Anthony Lee iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01742544 2022-12-31 01742544 2023-12-31 01742544 2023-01-01 2023-12-31 01742544 frs-core:CurrentFinancialInstruments 2023-12-31 01742544 frs-core:Non-currentFinancialInstruments 2023-12-31 01742544 frs-core:FurnitureFittings 2023-12-31 01742544 frs-core:FurnitureFittings 2023-01-01 2023-12-31 01742544 frs-core:FurnitureFittings 2022-12-31 01742544 frs-core:PlantMachinery 2023-12-31 01742544 frs-core:PlantMachinery 2023-01-01 2023-12-31 01742544 frs-core:PlantMachinery 2022-12-31 01742544 frs-core:ShareCapital 2023-12-31 01742544 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 01742544 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01742544 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 01742544 frs-bus:SmallEntities 2023-01-01 2023-12-31 01742544 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01742544 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01742544 frs-core:CostValuation 2022-12-31 01742544 frs-core:CostValuation 2023-12-31 01742544 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 01742544 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 01742544 frs-bus:Director1 2023-01-01 2023-12-31 01742544 frs-countries:EnglandWales 2023-01-01 2023-12-31 01742544 2021-12-31 01742544 2022-12-31 01742544 2022-01-01 2022-12-31 01742544 frs-core:CurrentFinancialInstruments 2022-12-31 01742544 frs-core:Non-currentFinancialInstruments 2022-12-31 01742544 frs-core:ShareCapital 2022-12-31 01742544 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 01742544
Banktop Securities 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: 01742544
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 267 356
Investment Properties 5 650,000 475,482
Investments 6 129,118 129,118
779,385 604,956
CURRENT ASSETS
Debtors 7 90,814 92,349
Cash at bank and in hand 520 1,730
91,334 94,079
Creditors: Amounts Falling Due Within One Year 8 (3,066 ) (3,613 )
NET CURRENT ASSETS (LIABILITIES) 88,268 90,466
TOTAL ASSETS LESS CURRENT LIABILITIES 867,653 695,422
Creditors: Amounts Falling Due After More Than One Year 9 (146,812 ) (146,812 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (46,247 ) -
NET ASSETS 674,594 548,610
CAPITAL AND RESERVES
Called up share capital 10 30,000 30,000
Profit and Loss Account 644,594 518,610
SHAREHOLDERS' FUNDS 674,594 548,610
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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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Notes to the Financial Statements
1. General Information
Banktop Securities Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01742544 . The registered office is 2 The Old Estate Yard High Street, East Hendred, Wantage, Oxfordshire, OX12 8JY.
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 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.3. 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.
2.4. Investments
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 January 2023 219 24,364 24,583
As at 31 December 2023 219 24,364 24,583
Depreciation
As at 1 January 2023 202 24,025 24,227
Provided during the period 4 85 89
As at 31 December 2023 206 24,110 24,316
Net Book Value
As at 31 December 2023 13 254 267
As at 1 January 2023 17 339 356
5. Investment Property
2023
£
Fair Value
As at 1 January 2023 475,482
Revaluations 174,518
As at 31 December 2023 650,000
The fair value of the property has been arrived at on the basis of an independant valuation and is deemed reasonable by the director. 
6. Investments
Subsidiaries
£
Cost
As at 1 January 2023 129,118
As at 31 December 2023 129,118
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 129,118
As at 1 January 2023 129,118
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7. Debtors
2023 2022
£ £
Due within one year
Due after more than one year
Amounts owed by associates 90,814 92,349
90,814 92,349
As at the year ended 31st December 2023, Banktop Securities Limited was owed £90,814 (2022 £93,349) in respect of a loan from a company under common control, Holt Retirement Ltd. This loan is interest free.
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 592
Accruals and deferred income 1,310 1,236
Director's loan account 1,756 1,785
3,066 3,613
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Amounts owed to subsidiaries 146,812 146,812
146,812 146,812
As at the year ended 31st December 2023, Banktop Securities Limited owed its subsidary, St Swithin's Holdings Limited, £146,812 (2022 £146,812). This loan is interest free.
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 30,000 30,000
11. Reserves
As at the 31 December 2023 the company had non distributable reserves of £128,271 (2022: Nil) arising as a result of property revaluations.
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