Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 09247289 Ms V J Morrison-Hughes Mr A Hughes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09247289 2022-10-31 09247289 2023-10-31 09247289 2022-11-01 2023-10-31 09247289 frs-core:CurrentFinancialInstruments 2023-10-31 09247289 frs-core:ComputerEquipment 2023-10-31 09247289 frs-core:ComputerEquipment 2022-11-01 2023-10-31 09247289 frs-core:ComputerEquipment 2022-10-31 09247289 frs-core:InvestmentPropertyIncludedWithinPPE 2023-10-31 09247289 frs-core:InvestmentPropertyIncludedWithinPPE 2022-11-01 2023-10-31 09247289 frs-core:InvestmentPropertyIncludedWithinPPE 2022-10-31 09247289 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 09247289 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09247289 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-10-31 09247289 frs-core:MotorVehicles 2023-10-31 09247289 frs-core:MotorVehicles 2022-11-01 2023-10-31 09247289 frs-core:MotorVehicles 2022-10-31 09247289 frs-core:ShareCapital 2023-10-31 09247289 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09247289 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09247289 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 09247289 frs-bus:SmallEntities 2022-11-01 2023-10-31 09247289 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09247289 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09247289 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-10-31 09247289 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 09247289 frs-core:UnlistedNon-exchangeTraded 2023-10-31 09247289 frs-core:UnlistedNon-exchangeTraded 2022-10-31 09247289 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-10-31 09247289 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2023-10-31 09247289 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-10-31 09247289 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-10-31 09247289 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-10-31 09247289 frs-bus:Director1 2022-11-01 2023-10-31 09247289 frs-bus:Director2 2022-11-01 2023-10-31 09247289 frs-countries:EnglandWales 2022-11-01 2023-10-31 09247289 2021-10-31 09247289 2022-10-31 09247289 2021-11-01 2022-10-31 09247289 frs-core:CurrentFinancialInstruments 2022-10-31 09247289 frs-core:ShareCapital 2022-10-31 09247289 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 09247289 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-10-31
Registered number: 09247289
Jackson Hughes Management Limited
Financial Statements
For The Year Ended 31 October 2023
Morris Accountancy Services Ltd
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09247289
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 476,623 203,686
Investments 5 200 150
476,823 203,836
CURRENT ASSETS
Debtors 6 (6,992 ) 9,035
Cash at bank and in hand 100,802 20,302
93,810 29,337
Creditors: Amounts Falling Due Within One Year 7 (392,064 ) (92,414 )
NET CURRENT ASSETS (LIABILITIES) (298,254 ) (63,077 )
TOTAL ASSETS LESS CURRENT LIABILITIES 178,569 140,759
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,128 ) (8,573 )
NET ASSETS 163,441 132,186
CAPITAL AND RESERVES
Called up share capital 9 101 101
Fair Value Reserve 10 38,562 38,562
Profit and Loss Account 124,778 93,523
SHAREHOLDERS' FUNDS 163,441 132,186
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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 Hughes
Director
10 July 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Jackson Hughes Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09247289 . The registered office is 30 Macclesfield Road, Wilmslow, SK9 2AF.
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. The Company is not vat registered.
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 10% Straight line
Motor Vehicles 25% Straight line
Computer Equipment
2.4. 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.
2.5. 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.
2.6. Investments in subsidiaries and associates
Investments in subsidiary and associated undertakings are recognised at cost.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 5)
5 5
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4. Tangible Assets
Land & Property
Freehold Investment Properties Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 November 2022 30,310 185,500 12,300 - 228,110
Additions - 241,468 - - 241,468
Disposals - - (12,300 ) - (12,300 )
Revaluation - 34,500 - - 34,500
As at 31 October 2023 30,310 461,468 - - 491,778
Depreciation
As at 1 November 2022 12,124 - 12,300 - 24,424
Provided during the period 3,031 - (12,300 ) - (9,269 )
As at 31 October 2023 15,155 - - - 15,155
Net Book Value
As at 31 October 2023 15,155 461,468 - - 476,623
As at 1 November 2022 18,186 185,500 - - 203,686
The investment properties have been measured at fair value which is the open market value of the properties. The fair value adjustment in the year ended 31 October 2023 is taken through the profit and loss account and is shown under 'Fair value gains on investment properties.' Deferred tax was provided on the fair value adjustment and included as part of the tax charge in the the profit and loss account for this year. 
If investment property had not been revalued it would have been included at the historical cost of £381,852 (2022:£140,383)
5. Investments
Unlisted
£
Cost
As at 1 November 2022 150
Additions 50
As at 31 October 2023 200
Provision
As at 1 November 2022 -
As at 31 October 2023 -
Net Book Value
As at 31 October 2023 200
As at 1 November 2022 150
Investments in subsidiary undertakings are recognised at cost. 
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6. Debtors
2023 2022
£ £
Due within one year
Amounts owed by group undertakings (6,992 ) 9,035
(6,992 ) 9,035
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 1,516 8,516
Other creditors 3,592 12,592
Accruals and deferred income 1,950 19,720
Directors' loan accounts 385,006 51,586
392,064 92,414
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 101 101
10. Reserves
Fair Value Reserve
£
As at 1 November 2022 38,562
As at 31 October 2023 38,562
11. Related Party Transactions
At the year end the Company owed the directors £385,006 and this is repayable on demand. The directors charged the company interest of £6,502 on this loan during the year.
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