Acorah Software Products - Accounts Production 14.5.601 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 NI622324 Mr Stephen John Honey Mrs Ann Honey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI622324 2023-01-31 NI622324 2024-01-31 NI622324 2023-02-01 2024-01-31 NI622324 frs-core:CurrentFinancialInstruments 2024-01-31 NI622324 frs-core:Non-currentFinancialInstruments 2024-01-31 NI622324 frs-core:ComputerEquipment 2024-01-31 NI622324 frs-core:ComputerEquipment 2023-02-01 2024-01-31 NI622324 frs-core:ComputerEquipment 2023-01-31 NI622324 frs-core:FurnitureFittings 2024-01-31 NI622324 frs-core:FurnitureFittings 2023-02-01 2024-01-31 NI622324 frs-core:FurnitureFittings 2023-01-31 NI622324 frs-core:ShareCapital 2024-01-31 NI622324 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 NI622324 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 NI622324 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 NI622324 frs-bus:SmallEntities 2023-02-01 2024-01-31 NI622324 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 NI622324 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 NI622324 frs-bus:Director1 2023-02-01 2024-01-31 NI622324 frs-bus:Director2 2023-02-01 2024-01-31 NI622324 frs-countries:NorthernIreland 2023-02-01 2024-01-31 NI622324 2022-01-31 NI622324 2023-01-31 NI622324 2022-02-01 2023-01-31 NI622324 frs-core:CurrentFinancialInstruments 2023-01-31 NI622324 frs-core:Non-currentFinancialInstruments 2023-01-31 NI622324 frs-core:ShareCapital 2023-01-31 NI622324 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: NI622324
H A Homes Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI622324
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 636 759
Investment Properties 5 94,879 254,483
95,515 255,242
CURRENT ASSETS
Debtors 6 2 1,627
Cash at bank and in hand 12,148 1,956
12,150 3,583
Creditors: Amounts Falling Due Within One Year 7 (7,464 ) (2,462 )
NET CURRENT ASSETS (LIABILITIES) 4,686 1,121
TOTAL ASSETS LESS CURRENT LIABILITIES 100,201 256,363
Creditors: Amounts Falling Due After More Than One Year 8 (36,564 ) (223,889 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (121 ) (144 )
NET ASSETS 63,516 32,330
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 63,514 32,328
SHAREHOLDERS' FUNDS 63,516 32,330
Page 1
Page 2
For the year ending 31 January 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
Mrs Ann Honey
Director
18/04/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
H A Homes Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI622324 . The registered office is Unit 832, Moat House Business Centre, 54 Bloomfield Avenue, Belfast, BT5 5AD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statement have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Going concern
These financial statements are prepared on a going concern basis. The Directors have every expectation that the company will continue in operational existence for the foreseeable future and meet its liabilities as they fall due.
Thus the Directors consider it appropriate to prepare these financial statements on a going concern basis."
Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are showing within borrowings in current liabilities.
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:
Fixtures & Fittings 20
Computer Equipment 33
2.4. Investment Properties
Fair Value Note
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.
Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.
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.
...CONTINUED
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2.5. Taxation - continued
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 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 2,838 - 2,838
Additions - 475 475
As at 31 January 2024 2,838 475 3,313
Depreciation
As at 1 February 2023 2,079 - 2,079
Provided during the period 597 1 598
As at 31 January 2024 2,676 1 2,677
Net Book Value
As at 31 January 2024 162 474 636
As at 1 February 2023 759 - 759
Cost or valuation as at 31 January 2024 represented by:
Fixtures & Fittings Computer Equipment Total
£ £ £
At cost 2,838 475 3,313
2,838 475 3,313
5. Investment Property
2024
£
Fair Value
As at 1 February 2023 254,483
Disposals (159,604 )
As at 31 January 2024 94,879
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 2 1,627
2 1,627
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 7,451 203
Other creditors - 1,675
Accruals and deferred income 13 584
7,464 2,462
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 36,564 223,889
36,564 223,889
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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