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 01626936 Mr Timothy Rolt Mr Graeme Rolt Mrs Lyndall Rolt Mrs Lyndall Rolt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01626936 2022-10-31 01626936 2023-10-31 01626936 2022-11-01 2023-10-31 01626936 frs-core:Non-currentFinancialInstruments 2023-10-31 01626936 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 01626936 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 01626936 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-10-31 01626936 frs-core:PlantMachinery 2023-10-31 01626936 frs-core:PlantMachinery 2022-11-01 2023-10-31 01626936 frs-core:PlantMachinery 2022-10-31 01626936 frs-core:RevaluationReserve 2022-10-31 01626936 frs-core:RevaluationReserve 2023-10-31 01626936 frs-core:ShareCapital 2023-10-31 01626936 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 01626936 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 01626936 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 01626936 frs-bus:SmallEntities 2022-11-01 2023-10-31 01626936 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 01626936 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 01626936 frs-bus:Director1 2022-11-01 2023-10-31 01626936 frs-bus:Director2 2022-11-01 2023-10-31 01626936 frs-bus:Director3 2022-11-01 2023-10-31 01626936 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 01626936 frs-countries:EnglandWales 2022-11-01 2023-10-31 01626936 2021-10-31 01626936 2022-10-31 01626936 2021-11-01 2022-10-31 01626936 frs-core:CurrentFinancialInstruments 2022-10-31 01626936 frs-core:Non-currentFinancialInstruments 2022-10-31 01626936 frs-core:RevaluationReserve 2022-10-31 01626936 frs-core:ShareCapital 2022-10-31 01626936 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 01626936
Yateley Sports Forum Limited
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: 01626936
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 415,000 415,000
415,000 415,000
CURRENT ASSETS
Debtors 5 4,377 667
Cash at bank and in hand 29,391 62,938
33,768 63,605
Creditors: Amounts Falling Due Within One Year 6 (2,776 ) (6,526 )
NET CURRENT ASSETS (LIABILITIES) 30,992 57,079
TOTAL ASSETS LESS CURRENT LIABILITIES 445,992 472,079
Creditors: Amounts Falling Due After More Than One Year 7 (16,702 ) (16,059 )
NET ASSETS 429,290 456,020
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Revaluation reserve 9 224,215 224,215
Profit and Loss Account 204,075 230,805
SHAREHOLDERS' FUNDS 429,290 456,020
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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 Graeme Rolt
Director
30/07/2024
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
Yateley Sports Forum Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01626936 . The registered office is Frost & Willan, The Old Post Office, High Street, Hartley Wintney, Hook, Hampshire, RG27 8NZ.
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 rental of commercial properties.
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 not provided
Plant & Machinery 20% on cost
2.4. 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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 November 2022 415,000 15,020 430,020
As at 31 October 2023 415,000 15,020 430,020
Depreciation
As at 1 November 2022 - 15,020 15,020
As at 31 October 2023 - 15,020 15,020
Net Book Value
As at 31 October 2023 415,000 - 415,000
As at 1 November 2022 415,000 - 415,000
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 42
Other debtors 4,377 625
4,377 667
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 2,776 2,776
Taxation and social security - 3,750
2,776 6,526
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Directors loan account 16,702 16,059
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Reserves
Revaluation Reserve
£
As at 1 November 2022 224,215
As at 31 October 2023 224,215
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