Acorah Software Products - Accounts Production 15.0.500 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 03140522 Mr Christopher Cullen Mr Michael Oliver iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03140522 2022-12-31 03140522 2023-12-31 03140522 2023-01-01 2023-12-31 03140522 frs-core:CurrentFinancialInstruments 2023-12-31 03140522 frs-core:SharePremium 2023-12-31 03140522 frs-core:ShareCapital 2023-12-31 03140522 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03140522 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03140522 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 03140522 frs-bus:SmallEntities 2023-01-01 2023-12-31 03140522 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03140522 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03140522 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-12-31 03140522 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 03140522 frs-bus:Director1 2023-01-01 2023-12-31 03140522 frs-bus:Director2 2023-01-01 2023-12-31 03140522 frs-countries:EnglandWales 2023-01-01 2023-12-31 03140522 2021-12-31 03140522 2022-12-31 03140522 2022-01-01 2022-12-31 03140522 frs-core:CurrentFinancialInstruments 2022-12-31 03140522 frs-core:SharePremium 2022-12-31 03140522 frs-core:ShareCapital 2022-12-31 03140522 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 03140522 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-12-31
Registered number: 03140522
Stephen Lonsdale Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
HAP Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03140522
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,796,863 1,621,875
1,796,863 1,621,875
CURRENT ASSETS
Debtors 5 231 49,676
Cash at bank and in hand 333,797 245,600
334,028 295,276
Creditors: Amounts Falling Due Within One Year 6 (132,638 ) (117,443 )
NET CURRENT ASSETS (LIABILITIES) 201,390 177,833
TOTAL ASSETS LESS CURRENT LIABILITIES 1,998,253 1,799,708
PROVISIONS FOR LIABILITIES
Deferred Taxation (260,397 ) (227,149 )
NET ASSETS 1,737,856 1,572,559
CAPITAL AND RESERVES
Called up share capital 7 134 134
Share premium account 169,967 169,967
Fair Value Reserve 8 578,584 436,845
Profit and Loss Account 989,171 965,613
SHAREHOLDERS' FUNDS 1,737,856 1,572,559
Page 1
Page 2
For the year ending 31 December 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 Christopher Cullen
Director
7 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Stephen Lonsdale Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03140522 . The registered office is The Manor House, 143 High Street, Honiton, Devon, EX14 1LJ.
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. 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.
2.3. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Investment Property
2023
£
Fair Value
As at 1 January 2023 1,621,875
Fair value adjustments 174,988
As at 31 December 2023 1,796,863
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 49,465
Prepayments and accrued income 231 211
231 49,676
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 3,277 1,086
Corporation tax 58,355 46,390
VAT 6,777 10,882
Other creditor 38,420 33,420
Accruals and deferred income 17,095 16,951
Directors' loan accounts 8,714 8,714
132,638 117,443
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 134 134
8. Reserves
Fair Value Reserve
£
As at 1 January 2023 436,845
Movements in fair value reserve 141,739
As at 31 December 2023 578,584
Page 4