Acorah Software Products - Accounts Production 14.6.300 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 09570667 Mr Gavin Brown Mrs Nicola Brown iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09570667 2022-11-30 09570667 2023-11-30 09570667 2022-12-01 2023-11-30 09570667 frs-core:CurrentFinancialInstruments 2023-11-30 09570667 frs-core:Non-currentFinancialInstruments 2023-11-30 09570667 frs-core:PlantMachinery 2023-11-30 09570667 frs-core:PlantMachinery 2022-12-01 2023-11-30 09570667 frs-core:PlantMachinery 2022-11-30 09570667 frs-core:ShareCapital 2023-11-30 09570667 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 09570667 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 09570667 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 09570667 frs-bus:SmallEntities 2022-12-01 2023-11-30 09570667 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 09570667 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 09570667 frs-core:UnlistedNon-exchangeTraded 2023-11-30 09570667 frs-core:UnlistedNon-exchangeTraded 2022-11-30 09570667 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-11-30 09570667 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-11-30 09570667 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-11-30 09570667 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-11-30 09570667 frs-bus:Director1 2022-12-01 2023-11-30 09570667 frs-bus:Director2 2022-12-01 2023-11-30 09570667 frs-countries:EnglandWales 2022-12-01 2023-11-30 09570667 2021-11-30 09570667 2022-11-30 09570667 2021-12-01 2022-11-30 09570667 frs-core:CurrentFinancialInstruments 2022-11-30 09570667 frs-core:Non-currentFinancialInstruments 2022-11-30 09570667 frs-core:ShareCapital 2022-11-30 09570667 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 09570667
Gavin Brown Holdings Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09570667
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,084 10,779
Investment Properties 5 289,059 289,059
Investments 6 1,000 1,000
298,143 300,838
CURRENT ASSETS
Debtors 7 1,689,770 960,320
Cash at bank and in hand 181,833 46,473
1,871,603 1,006,793
Creditors: Amounts Falling Due Within One Year 8 (265,172 ) (94,547 )
NET CURRENT ASSETS (LIABILITIES) 1,606,431 912,246
TOTAL ASSETS LESS CURRENT LIABILITIES 1,904,574 1,213,084
Creditors: Amounts Falling Due After More Than One Year 9 - (48,641 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,536 ) (2,048 )
NET ASSETS 1,903,038 1,162,395
CAPITAL AND RESERVES
Called up share capital 10 4 4
Profit and Loss Account 1,903,034 1,162,391
SHAREHOLDERS' FUNDS 1,903,038 1,162,395
Page 1
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For the year ending 30 November 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 Gavin Brown
Director
Mrs Nicola Brown
Director
13 August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Gavin Brown Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09570667 . The registered office is 62 Brick Kiln Lane, Parkhouse Industrial Estate West, Newcastle-under-Lyme, Staffordshire, ST5 7AS.
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:
Plant & Machinery 25% 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.
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2.6. Consolidation
The company has taken advantage of the option not to file consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertaking comprises a small group.
2.7. Investments
Unlisted investments are included at cost less impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 December 2022 29,912
As at 30 November 2023 29,912
Depreciation
As at 1 December 2022 19,133
Provided during the period 2,695
As at 30 November 2023 21,828
Net Book Value
As at 30 November 2023 8,084
As at 1 December 2022 10,779
5. Investment Property
2023
£
Fair Value
As at 1 December 2022 and 30 November 2023 289,059
6. Investments
Unlisted
£
Cost
As at 1 December 2022 1,000
As at 30 November 2023 1,000
Provision
As at 1 December 2022 -
As at 30 November 2023 -
Net Book Value
As at 30 November 2023 1,000
As at 1 December 2022 1,000
Investments represent shares in wholly owned subsidiary undertaking Think Timber Limited, a company incorporated in England & Wales.
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7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 2,083 2,083
Prepayments and accrued income 407 435
Amounts owed by group undertakings 1,687,280 957,802
1,689,770 960,320
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 168 155
Bank loans and overdrafts - 8,692
Corporation tax 20,557 17,517
Accruals and deferred income 7,553 1,020
Directors' loan accounts 236,894 67,163
265,172 94,547
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans - 48,641
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 4 4
11. Related Party Transactions
Included in debtors due within one year is a balance of £1,687,280 (2022: £957,802) owed by subsidiary. 
Rental payments from subsidiary during the year were £25,000 (2022: £25,000).
Management charges from subsidiary during the year were £100,000 (2022: £100,000).
Dividends received from subsidiary during the year were £932,671 (2022: £575,690).
Dividends paid to the directors during the year were £258,624 (2022: £68,690).
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