Acorah Software Products - Accounts Production 14.6.300 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 12281139 Mr B R Cattrell Mr J A Cattrell Mr A K Cattrell Mrs L Cattrell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12281139 2022-10-31 12281139 2023-10-31 12281139 2022-11-01 2023-10-31 12281139 frs-core:CurrentFinancialInstruments 2023-10-31 12281139 frs-core:Non-currentFinancialInstruments 2023-10-31 12281139 frs-core:FurnitureFittings 2023-10-31 12281139 frs-core:FurnitureFittings 2022-11-01 2023-10-31 12281139 frs-core:FurnitureFittings 2022-10-31 12281139 frs-core:InvestmentPropertyIncludedWithinPPE 2023-10-31 12281139 frs-core:InvestmentPropertyIncludedWithinPPE 2022-10-31 12281139 frs-core:ShareCapital 2023-10-31 12281139 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12281139 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12281139 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 12281139 frs-bus:SmallEntities 2022-11-01 2023-10-31 12281139 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12281139 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12281139 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-11-01 2023-10-31 12281139 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-10-31 12281139 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 12281139 frs-bus:Director1 2022-11-01 2023-10-31 12281139 frs-bus:Director2 2022-11-01 2023-10-31 12281139 frs-bus:Director3 2022-11-01 2023-10-31 12281139 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 12281139 frs-countries:EnglandWales 2022-11-01 2023-10-31 12281139 2021-10-31 12281139 2022-10-31 12281139 2021-11-01 2022-10-31 12281139 frs-core:CurrentFinancialInstruments 2022-10-31 12281139 frs-core:Non-currentFinancialInstruments 2022-10-31 12281139 frs-core:ShareCapital 2022-10-31 12281139 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 12281139 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-10-31
Registered number: 12281139
The Hoo Cottage Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12281139
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 646,031 626,289
646,031 626,289
CURRENT ASSETS
Debtors 5 1,531 1,946
Cash at bank and in hand 9,907 11,813
11,438 13,759
Creditors: Amounts Falling Due Within One Year 6 (230,988 ) (232,414 )
NET CURRENT ASSETS (LIABILITIES) (219,550 ) (218,655 )
TOTAL ASSETS LESS CURRENT LIABILITIES 426,481 407,634
Creditors: Amounts Falling Due After More Than One Year 7 (293,084 ) (293,151 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (32,877 ) (29,284 )
NET ASSETS 100,520 85,199
CAPITAL AND RESERVES
Called up share capital 8 1 1
Fair Value Reserve 9 148,085 181,381
Profit and Loss Account (47,566 ) (96,183 )
SHAREHOLDERS' FUNDS 100,520 85,199
Page 1
Page 2
For the year ending 31 October 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 A K Cattrell
Director
22nd July 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
The Hoo Cottage Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12281139 . The registered office is 4 Cross Street, Beeston, Nottingham, NG9 2NX.
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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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 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.
2.4. 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:
Fixtures & Fittings 20% reducing balance
2.5. 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.
2.6. 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 year 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 asset reflects 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
Page 3
Page 4
2.6. 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: 4 (2022: 3)
4 3
4. Tangible Assets
Investment Properties Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 November 2022 600,000 51,345 651,345
Revaluation 25,000 - 25,000
As at 31 October 2023 625,000 51,345 676,345
Depreciation
As at 1 November 2022 - 25,056 25,056
Provided during the period - 5,258 5,258
As at 31 October 2023 - 30,314 30,314
Net Book Value
As at 31 October 2023 625,000 21,031 646,031
As at 1 November 2022 600,000 26,289 626,289
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,531 1,946
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax - 1,798
Other creditors 229,123 229,123
Accruals and deferred income 660 600
Directors' loan accounts 1,205 893
230,988 232,414
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 293,084 293,151
Page 4
Page 5
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. Reserves
Fair Value Reserve
£
As at 1 November 2022 181,381
Transfer to profit and loss (33,296 )
As at 31 October 2023 148,085
Page 5