Acorah Software Products - Accounts Production 14.5.601 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 10636572 Mr Rowan Stewart Mr Andrew Major Mr Grahame Seaman Mr Alan Waters iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10636572 2023-02-28 10636572 2024-02-29 10636572 2023-03-01 2024-02-29 10636572 frs-core:CurrentFinancialInstruments 2024-02-29 10636572 frs-core:Non-currentFinancialInstruments 2024-02-29 10636572 frs-core:ShareCapital 2024-02-29 10636572 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 10636572 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10636572 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 10636572 frs-bus:SmallEntities 2023-03-01 2024-02-29 10636572 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10636572 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 10636572 frs-bus:Director1 2023-03-01 2024-02-29 10636572 frs-bus:Director2 2023-03-01 2024-02-29 10636572 frs-bus:Director3 2023-03-01 2024-02-29 10636572 frs-bus:Director4 2023-03-01 2024-02-29 10636572 frs-core:CurrentFinancialInstruments 1 2024-02-29 10636572 frs-countries:EnglandWales 2023-03-01 2024-02-29 10636572 2022-02-28 10636572 2023-02-28 10636572 2022-03-01 2023-02-28 10636572 frs-core:CurrentFinancialInstruments 2023-02-28 10636572 frs-core:Non-currentFinancialInstruments 2023-02-28 10636572 frs-core:ShareCapital 2023-02-28 10636572 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 10636572 frs-core:CurrentFinancialInstruments 1 2023-02-28
Registered number: 10636572
Featherstone Homes Developments South East Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10636572
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 35,453 35,353
Cash at bank and in hand 15 2,355
35,468 37,708
Creditors: Amounts Falling Due Within One Year 5 (2,234,564 ) (2,220,716 )
NET CURRENT ASSETS (LIABILITIES) (2,199,096 ) (2,183,008 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,199,096 ) (2,183,008 )
Creditors: Amounts Falling Due After More Than One Year 6 (461,551 ) (442,949 )
NET LIABILITIES (2,660,647 ) (2,625,957 )
CAPITAL AND RESERVES
Called up share capital 7 4 4
Profit and Loss Account (2,660,651 ) (2,625,961 )
SHAREHOLDERS' FUNDS (2,660,647) (2,625,957)
Page 1
Page 2
For the year ending 29 February 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
Mr Rowan Stewart
Director
24/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Featherstone Homes Developments South East Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10636572 . The registered office is Angels House, 5 Albemarle Road, Beckenham, Kent, BR3 5HZ.
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.
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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Intercompany 34,687 34,113
VAT 766 1,240
35,453 35,353
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Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,000 5,100
Bank loans and overdrafts 1,200 -
Inter-company 440,126 423,378
Accruals and deferred income 1,575,176 1,575,176
Directors' loan accounts 217,062 217,062
2,234,564 2,220,716
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 47,760 50,160
Other loans 413,791 392,789
461,551 442,949
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
8. Related Party Transactions
Included in Other Debtors are amounts owed from companies under the control of the director R Stewart, Mr A
Major, Mr A Waters and Mr G Seaman. No interest is to be charged and no repayment terms have been agreed.
223 Streatham Road Developments Ltd - £1,677 (2023 - £1,677)
Featherstone Homes (SE) Ltd - £30,936 (2023 - £32,136)
Tuelon Management Ltd - £2,075
Included in Other Creditors are amounts owed to companies under the control of the director R Stewart, Mr A
Major, Mr A Waters and Mr G Seaman. No interest is to be charged and no repayment terms have been agreed.:
Featherstone Group Holdings Southeast Ltd - £226,127 (2023 - £209,378)
South End Road Developments Ltd - £111,299 (2023 - £111,299)
Wandle Wimbledon Developments Ltd - £2,700 (2023 - £2,700)
Lynton Road SE1 Developments Ltd - £100,000 (2023 - £100,000)
Included in Other Creditors is £413,791 (2023 - £392,789) loaned to the company by director Mr G Seaman. Interest has accrued totalling £21,002 within the year.
Included in Other Creditors are amounts owed to the company directors, no interest is to be charged;
R Stewart - £1,097 (2023 - £1,097)
A Major - £1,097 (2023 - £1,097)
A Water - £1,097 (2023 - £1,097)
G Seaman - £213,772 (2023 - £213,772)
Page 4