Acorah Software Products - Accounts Production 15.0.500 false true 30 September 2022 1 October 2021 false 1 October 2022 31 December 2023 31 December 2023 09819535 Y Budhu Y D Chew iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09819535 2022-09-30 09819535 2023-12-31 09819535 2022-10-01 2023-12-31 09819535 frs-core:CurrentFinancialInstruments 2023-12-31 09819535 frs-core:Non-currentFinancialInstruments 2023-12-31 09819535 frs-core:ComputerEquipment 2023-12-31 09819535 frs-core:ComputerEquipment 2022-10-01 2023-12-31 09819535 frs-core:ComputerEquipment 2022-09-30 09819535 frs-core:FurnitureFittings 2023-12-31 09819535 frs-core:FurnitureFittings 2022-10-01 2023-12-31 09819535 frs-core:FurnitureFittings 2022-09-30 09819535 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 09819535 frs-core:InvestmentPropertyIncludedWithinPPE 2022-09-30 09819535 frs-core:ShareCapital 2023-12-31 09819535 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09819535 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-12-31 09819535 frs-bus:FilletedAccounts 2022-10-01 2023-12-31 09819535 frs-bus:SmallEntities 2022-10-01 2023-12-31 09819535 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-12-31 09819535 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-12-31 09819535 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 09819535 frs-bus:Director1 2022-10-01 2023-12-31 09819535 frs-bus:Director2 2022-10-01 2023-12-31 09819535 frs-countries:EnglandWales 2022-10-01 2023-12-31 09819535 2021-09-30 09819535 2022-09-30 09819535 2021-10-01 2022-09-30 09819535 frs-core:CurrentFinancialInstruments 2022-09-30 09819535 frs-core:Non-currentFinancialInstruments 2022-09-30 09819535 frs-core:ShareCapital 2022-09-30 09819535 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30 09819535 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-09-30
Registered number: 09819535
Oakham Holdings Limited
Unaudited Financial Statements
For the Period 1 October 2022 to 31 December 2023
Unaudited Financial Statements
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Y Budhu
Y D Chew
Company Number 09819535
Registered Office 2nd Floor Butler House
177-178 Tottenham Court Road
London
W1T 7AF
Accountants Jones & Partners Limited
2nd Floor, Butler House
177-178 Tottenham Court Road
London
W1T 7AF
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Balance Sheet
Registered number: 09819535
31 December 2023 30 September 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 677,872 583,017
677,872 583,017
CURRENT ASSETS
Debtors 4 57,569 31,024
Cash at bank and in hand 1,874 29,652
59,443 60,676
Creditors: Amounts Falling Due Within One Year 5 (389,009 ) (350,748 )
NET CURRENT ASSETS (LIABILITIES) (329,566 ) (290,072 )
TOTAL ASSETS LESS CURRENT LIABILITIES 348,306 292,945
Creditors: Amounts Falling Due After More Than One Year 6 (396,513 ) (293,527 )
NET LIABILITIES (48,207 ) (582 )
CAPITAL AND RESERVES
Called up share capital 7 2 2
Fair Value Reserve 8 (39,269 ) -
Profit and Loss Account (8,940 ) (584 )
SHAREHOLDERS' FUNDS (48,207) (582)
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For the period 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.
The financial statements were approved by the board of directors on 8 August 2024 and were signed on its behalf by:
Y Budhu
Director
8 August 2024
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover represents amount receivable for the rental of the property.
1.3. 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:
Fixtures & Fittings 3 years
Computer Equipment 3 years
1.4. 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.
1.5. 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. Average Number of Employees
Average number of employees, during the year was as follows: NIL (2022: NIL)
- -
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3. Tangible Assets
Investment Properties Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 October 2022 582,060 3,311 523 585,894
Additions 144,600 3,648 634 148,882
Revaluation (52,359) - - (52,359 )
As at 31 December 2023 674,301 6,959 1,157 682,417
Depreciation
As at 1 October 2022 - 2,687 190 2,877
Provided during the period - 1,465 203 1,668
As at 31 December 2023 - 4,152 393 4,545
Net Book Value
As at 31 December 2023 674,301 2,807 764 677,872
As at 1 October 2022 582,060 624 333 583,017
4. Debtors
31 December 2023 30 September 2022
£ £
Due within one year
Trade debtors 2,093 664
Other debtors 55,476 30,360
57,569 31,024
5. Creditors: Amounts Falling Due Within One Year
31 December 2023 30 September 2022
£ £
Trade creditors 215 42
Other creditors 388,794 350,099
Taxation and social security - 607
389,009 350,748
6. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 30 September 2022
£ £
Bank loans 396,513 293,527
396,513 293,527
7. Share Capital
31 December 2023 30 September 2022
£ £
Allotted, Called up and fully paid 2 2
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8. Reserves
Fair Value Reserve
£
Movements in fair value reserve (39,269)
As at 31 December 2023 (39,269 )
9. General Information
Oakham Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09819535 . The registered office is 2nd Floor Butler House, 177-178 Tottenham Court Road, London, W1T 7AF.
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