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 01124812 Mr Hilton Lorie Mr Harris Lorie Miss Frederika Agbontaen Mrs Helen Lorie Mr Hilton Lorie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01124812 2022-12-31 01124812 2023-12-31 01124812 2023-01-01 2023-12-31 01124812 frs-core:CurrentFinancialInstruments 2023-12-31 01124812 frs-core:ComputerEquipment 2023-12-31 01124812 frs-core:ComputerEquipment 2023-01-01 2023-12-31 01124812 frs-core:ComputerEquipment 2022-12-31 01124812 frs-core:FurnitureFittings 2023-12-31 01124812 frs-core:FurnitureFittings 2023-01-01 2023-12-31 01124812 frs-core:FurnitureFittings 2022-12-31 01124812 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 01124812 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 01124812 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 01124812 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 01124812 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01124812 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 01124812 frs-core:RevaluationReserve 2022-12-31 01124812 frs-core:RevaluationReserve 2023-12-31 01124812 frs-core:SharePremium 2023-12-31 01124812 frs-core:ShareCapital 2023-12-31 01124812 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 01124812 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01124812 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 01124812 frs-bus:SmallEntities 2023-01-01 2023-12-31 01124812 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01124812 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01124812 frs-core:UnlistedNon-exchangeTraded 2023-12-31 01124812 frs-core:UnlistedNon-exchangeTraded 2022-12-31 01124812 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 01124812 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 01124812 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 01124812 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 01124812 frs-bus:Director1 2023-01-01 2023-12-31 01124812 frs-bus:Director2 2023-01-01 2023-12-31 01124812 frs-bus:Director3 2023-01-01 2023-12-31 01124812 frs-bus:Director4 2023-01-01 2023-12-31 01124812 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 01124812 frs-countries:EnglandWales 2023-01-01 2023-12-31 01124812 2021-12-31 01124812 2022-12-31 01124812 2022-01-01 2022-12-31 01124812 frs-core:CurrentFinancialInstruments 2022-12-31 01124812 frs-core:RevaluationReserve 2022-12-31 01124812 frs-core:SharePremium 2022-12-31 01124812 frs-core:ShareCapital 2022-12-31 01124812 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 01124812
Blemann Investments 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—6
Page 1
Balance Sheet
Registered number: 01124812
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 956,366 960,247
Investments 5 21,053 21,053
977,419 981,300
CURRENT ASSETS
Debtors 6 37,150 26,113
Investments 7 8,027 8,027
Cash at bank and in hand 35,723 16,924
80,900 51,064
Creditors: Amounts Falling Due Within One Year 8 (261,289 ) (249,923 )
NET CURRENT ASSETS (LIABILITIES) (180,389 ) (198,859 )
TOTAL ASSETS LESS CURRENT LIABILITIES 797,030 782,441
NET ASSETS 797,030 782,441
CAPITAL AND RESERVES
Called up share capital 9 21,259 21,259
Share premium account 7,304 7,304
Revaluation reserve 10 266,672 266,672
Profit and Loss Account 501,795 487,206
SHAREHOLDERS' FUNDS 797,030 782,441
Page 1
Page 2
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 Hilton Lorie
Director
3rd April 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Blemann Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01124812 . The registered office is Blemann House, Unit 3 Clayton Wood Ind. Estate, Clayton Wood Close, Leeds, LS16 6QE.
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. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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:
Freehold 0% Straight Line
Leasehold 2% Straight Line
Fixtures & Fittings 20% Straight Line
Computer Equipment 33.33% Straight Line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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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: 2 (2022: 3)
2 3
4. Tangible Assets
Land & Property
Freehold Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 778,937 194,048 6,351 1,900 981,236
As at 31 December 2023 778,937 194,048 6,351 1,900 981,236
Depreciation
As at 1 January 2023 - 12,738 6,351 1,900 20,989
Provided during the period - 3,881 - - 3,881
As at 31 December 2023 - 16,619 6,351 1,900 24,870
Net Book Value
As at 31 December 2023 778,937 177,429 - - 956,366
As at 1 January 2023 778,937 181,310 - - 960,247
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Page 5
5. Investments
Unlisted
£
Cost
As at 1 January 2023 21,053
As at 31 December 2023 21,053
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 21,053
As at 1 January 2023 21,053
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 21,055 22,204
Prepayments and accrued income 595 346
Other debtors 10,000 -
Amounts owed by group undertakings 5,500 3,563
37,150 26,113
7. Current Asset Investments
2023 2022
£ £
Shares in subsidiaries 8,027 8,027
8,027 8,027
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,720 6,128
Corporation tax 4,724 7,939
Other taxes and social security 158 158
VAT 5,440 5,087
...CONTINUED
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Page 6
Accruals and deferred income 55,645 41,744
Directors' loan accounts 168,602 187,367
Amounts owed to group undertakings 24,000 1,500
261,289 249,923
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 21,259 21,259
10. Reserves
Revaluation Reserve
£
As at 1 January 2023 266,672
As at 31 December 2023 266,672
11. Related Party Transactions
Yorkshire Apparel & Textile Co Ltd
Subsidiary of the reporting entity.
The amount owed to the related party at the balance sheet date was £24,000 (2022: £3,563 owed by the related
party).
Epicurean Food and Drink Co Ltd
Subsidiary of the reporting entity.
The amount owed by the related party at the balance sheet date was £5,500 (2022: £1,500 owed to the related
party).
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