Acorah Software Products - Accounts Production 14.6.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC592072 Mr Zsolt Balogh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC592072 2023-03-31 SC592072 2024-03-31 SC592072 2023-04-01 2024-03-31 SC592072 frs-core:CurrentFinancialInstruments 2024-03-31 SC592072 frs-core:Non-currentFinancialInstruments 2024-03-31 SC592072 frs-core:ComputerEquipment 2024-03-31 SC592072 frs-core:ComputerEquipment 2023-04-01 2024-03-31 SC592072 frs-core:ComputerEquipment 2023-03-31 SC592072 frs-core:FurnitureFittings 2024-03-31 SC592072 frs-core:FurnitureFittings 2023-04-01 2024-03-31 SC592072 frs-core:FurnitureFittings 2023-03-31 SC592072 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 SC592072 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 SC592072 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 SC592072 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 SC592072 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC592072 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 SC592072 frs-core:MotorVehicles 2024-03-31 SC592072 frs-core:MotorVehicles 2023-04-01 2024-03-31 SC592072 frs-core:MotorVehicles 2023-03-31 SC592072 frs-core:PlantMachinery 2024-03-31 SC592072 frs-core:PlantMachinery 2023-04-01 2024-03-31 SC592072 frs-core:PlantMachinery 2023-03-31 SC592072 frs-core:ShareCapital 2024-03-31 SC592072 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC592072 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC592072 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC592072 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC592072 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC592072 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC592072 frs-bus:Director1 2023-04-01 2024-03-31 SC592072 frs-countries:EnglandWales 2023-04-01 2024-03-31 SC592072 2022-03-31 SC592072 2023-03-31 SC592072 2022-04-01 2023-03-31 SC592072 frs-core:CurrentFinancialInstruments 2023-03-31 SC592072 frs-core:Non-currentFinancialInstruments 2023-03-31 SC592072 frs-core:ShareCapital 2023-03-31 SC592072 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC592072
Balogh Hotels Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Onpoint Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC592072
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 670,867 389,072
670,867 389,072
CURRENT ASSETS
Debtors 5 86,971 37,500
Cash at bank and in hand 89,482 68,921
176,453 106,421
Creditors: Amounts Falling Due Within One Year 6 (456,529 ) (390,509 )
NET CURRENT ASSETS (LIABILITIES) (280,076 ) (284,088 )
TOTAL ASSETS LESS CURRENT LIABILITIES 390,791 104,984
Creditors: Amounts Falling Due After More Than One Year 7 (287,903 ) -
NET ASSETS 102,888 104,984
CAPITAL AND RESERVES
Called up share capital 8 2 -
Profit and Loss Account 102,886 104,984
SHAREHOLDERS' FUNDS 102,888 104,984
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Zsolt Balogh
Director
10/06/2024
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
Balogh Hotels Ltd is a private company, limited by shares, incorporated in England & Wales, registered number SC592072 . The registered office is Atholl Arms Hotel Bridgehead, Tay Terrace, Dunkeld, PH8 0AQ.
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 -
Leasehold 15% reducing balance
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20%
Computer Equipment 25%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2023: 26)
26 26
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 April 2023 160,667 145,478 42,055 -
Additions - 343,573 3,869 2,812
As at 31 March 2024 160,667 489,051 45,924 2,812
Depreciation
As at 1 April 2023 - 59,192 18,760 -
Provided during the period - 30,430 4,075 703
As at 31 March 2024 - 89,622 22,835 703
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2024 160,667 399,429 23,089 2,109
As at 1 April 2023 160,667 86,286 23,295 -
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 158,867 25,482 532,549
Additions - 1,256 351,510
As at 31 March 2024 158,867 26,738 884,059
Depreciation
As at 1 April 2023 42,776 22,749 143,477
Provided during the period 31,774 2,733 69,715
As at 31 March 2024 74,550 25,482 213,192
Net Book Value
As at 31 March 2024 84,317 1,256 670,867
As at 1 April 2023 116,091 2,733 389,072
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 2,500
Other debtors 86,971 35,000
86,971 37,500
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 86,164 13,095
Bank loans and overdrafts - 64,538
Other creditors 361,366 264,561
Taxation and social security 8,999 48,315
456,529 390,509
Please note that within other creditors is a loan from the director of £214,537 and deferred income of £148,828
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 32,608 -
Other loans 255,295 -
287,903 -
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 -
Page 5