Acorah Software Products - Accounts Production 14.6.300 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 04099506 Mr Kevin Evans Mr William Cooper Mrs Julie Cooper Mr Kevin Evans iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04099506 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-10-31 04099506 2022-10-31 04099506 2023-10-31 04099506 2022-11-01 2023-10-31 04099506 frs-core:CurrentFinancialInstruments 2023-10-31 04099506 frs-core:Non-currentFinancialInstruments 2023-10-31 04099506 frs-core:InvestmentPropertyIncludedWithinPPE 2023-10-31 04099506 frs-core:InvestmentPropertyIncludedWithinPPE 2022-10-31 04099506 frs-core:PlantMachinery 2023-10-31 04099506 frs-core:PlantMachinery 2022-11-01 2023-10-31 04099506 frs-core:PlantMachinery 2022-10-31 04099506 frs-core:ShareCapital 2023-10-31 04099506 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 04099506 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 04099506 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 04099506 frs-bus:SmallEntities 2022-11-01 2023-10-31 04099506 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 04099506 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 04099506 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-10-31 04099506 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 04099506 frs-bus:Director1 2022-11-01 2023-10-31 04099506 frs-bus:Director2 2022-11-01 2023-10-31 04099506 frs-bus:Director3 2022-11-01 2023-10-31 04099506 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 04099506 frs-countries:EnglandWales 2022-11-01 2023-10-31 04099506 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2022-10-31 04099506 2021-10-31 04099506 2022-10-31 04099506 2021-11-01 2022-10-31 04099506 frs-core:CurrentFinancialInstruments 2022-10-31 04099506 frs-core:Non-currentFinancialInstruments 2022-10-31 04099506 frs-core:ShareCapital 2022-10-31 04099506 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 04099506 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-10-31
Registered number: 04099506
Hopebrae 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: 04099506
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 751,179 751,474
751,179 751,474
CURRENT ASSETS
Debtors 5 1,653 5,547
Cash at bank and in hand 10,555 21,964
12,208 27,511
Creditors: Amounts Falling Due Within One Year 6 (301,159 ) (327,218 )
NET CURRENT ASSETS (LIABILITIES) (288,951 ) (299,707 )
TOTAL ASSETS LESS CURRENT LIABILITIES 462,228 451,767
Creditors: Amounts Falling Due After More Than One Year 7 (69,162 ) (70,826 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (54,442 ) (54,442 )
NET ASSETS 338,624 326,499
CAPITAL AND RESERVES
Called up share capital 9 4 4
Fair Value Reserve 10 132,413 132,413
Profit and Loss Account 206,207 194,082
SHAREHOLDERS' FUNDS 338,624 326,499
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 Kevin Evans
Director
31 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
Hopebrae Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04099506 . The registered office is Clear Accountancy (Inc. Nira Smith Accounts) Ltd, e-Innovation Centre ,Priorslee, Telford, Shropshire, TF2 9FT.

The financial statements are presented in pound sterling (£) and rounded to the nearest whole £.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 letting of commercial and residential property. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Turnover from the letting of property is recognised as the company becomes entitled to the consideration received.
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:
Plant & Machinery 20% reducing balance
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 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.
3. Average Number of Employees
Average number of employees, including directors, employed under PAYE during the year was as follows: NIL (2022: NIL)
- -
Page 3
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4. Tangible Assets
Investment Properties Plant & Machinery etc. Total
£ £ £
Cost or Valuation
As at 1 November 2022 750,000 5,948 755,948
As at 31 October 2023 750,000 5,948 755,948
Depreciation
As at 1 November 2022 - 4,474 4,474
Provided during the period - 295 295
As at 31 October 2023 - 4,769 4,769
Net Book Value
As at 31 October 2023 750,000 1,179 751,179
As at 1 November 2022 750,000 1,474 751,474
Cost or valuation as at 31 October 2023 represented by:
Investment Properties Plant & Machinery Total
£ £ £
At cost - 5,948 5,948
At valuation 750,000 - 750,000
750,000 5,948 755,948
Investment property is recognised at fair value represented by:
Historical cost: £563,145 (2022: £563,145)
Valuation: £186,855 (2022: (£186,855)
The director has considered the valuation of the investment properties and in their opinion the revalued amount shown is in line with the open market value. Revaluation gains and losses are taken to the fair value reserve in accordance with the accounting policy. If the properties were sold at the current market value an estimated charge of corporation tax would arise of £54,442.
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 1,653 5,406
Other debtors - 141
1,653 5,547
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 4,603 5,435
Corporation tax 4,790 8,178
Accruals and deferred income 4,545 2,210
Directors' loan accounts 287,221 311,395
301,159 327,218
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 69,162 70,826
Of the creditors falling due within and after more than one year the following amounts are due after more than five years.
2023 2022
£ £
Bank loans 46,803 47,265
8. Secured Creditors
Of the creditors the following amounts are secured.
2023 2022
£ £
Bank loans and overdrafts 73,765 76,261
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 4 4
10. Reserves
Fair Value Reserve
£
As at 1 November 2022 132,413
As at 31 October 2023 132,413
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