Acorah Software Products - Accounts Production 15.0.500 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 01905710 Mr Stephen Cilia iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01905710 2022-11-30 01905710 2023-11-30 01905710 2022-12-01 2023-11-30 01905710 frs-core:CurrentFinancialInstruments 2023-11-30 01905710 frs-core:Non-currentFinancialInstruments 2023-11-30 01905710 frs-core:ShareCapital 2023-11-30 01905710 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 01905710 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 01905710 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 01905710 frs-bus:SmallEntities 2022-12-01 2023-11-30 01905710 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 01905710 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 01905710 frs-core:UnlistedNon-exchangeTraded 2023-11-30 01905710 frs-core:UnlistedNon-exchangeTraded 2022-11-30 01905710 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-11-30 01905710 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-11-30 01905710 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-11-30 01905710 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-11-30 01905710 frs-bus:Director1 2022-12-01 2023-11-30 01905710 frs-core:CurrentFinancialInstruments 2 2023-11-30 01905710 frs-countries:EnglandWales 2022-12-01 2023-11-30 01905710 2021-11-30 01905710 2022-11-30 01905710 2021-12-01 2022-11-30 01905710 frs-core:CurrentFinancialInstruments 2022-11-30 01905710 frs-core:Non-currentFinancialInstruments 2022-11-30 01905710 frs-core:ShareCapital 2022-11-30 01905710 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 01905710 frs-core:CurrentFinancialInstruments 2 2022-11-30
Registered number: 01905710
William Hartley Group Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Smartax Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01905710
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 4,715,838 3,110,000
Investments 5 500 500
4,716,338 3,110,500
CURRENT ASSETS
Stocks 6 - 2,600,000
Debtors 7 1,126,814 350,970
Cash at bank and in hand 70,798 138,322
1,197,612 3,089,292
Creditors: Amounts Falling Due Within One Year 8 (862,845 ) (193,941 )
NET CURRENT ASSETS (LIABILITIES) 334,767 2,895,351
TOTAL ASSETS LESS CURRENT LIABILITIES 5,051,105 6,005,851
Creditors: Amounts Falling Due After More Than One Year 9 (445,162 ) (2,120,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (546,502 ) (546,502 )
NET ASSETS 4,059,441 3,339,349
CAPITAL AND RESERVES
Called up share capital 10 1,001 1,001
Profit and Loss Account 4,058,440 3,338,348
SHAREHOLDERS' FUNDS 4,059,441 3,339,349
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Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Stephen Cilia
Director
27/06/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
William Hartley Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01905710 . The registered office is 81 Woodland Gardens, London, England, N10 3UD.
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 and net of discounts. 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.
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. 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.
2.4. 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Investment Property
2023
£
Fair Value
As at 1 December 2022 3,110,000
Disposals (994,162 )
Transfers 2,600,000
As at 30 November 2023 4,715,838
In the current financial year, upon comprehensive review of the company’s property holdings, it was identified that certain properties previously classified as property stock should have been classified as investment property. This reclassification aligns with the criteria set out in FRS 102, specifically Section 16, which defines investment property as property (land or a building—or part of a building—or both) held to earn rentals or for capital appreciation, or both, rather than for use in the production or supply of goods or services or for administrative purposes, or sale in the ordinary course of business. This reclassification has been accounted for retrospectively in current year financial statements in accordance with the requirements of FRS 102 regarding prior period errors. 
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5. Investments
Unlisted
£
Cost
As at 1 December 2022 500
As at 30 November 2023 500
Provision
As at 1 December 2022 -
As at 30 November 2023 -
Net Book Value
As at 30 November 2023 500
As at 1 December 2022 500
Details of the company's subsidiaries at 30 November 2023 are as follows:
Name of undertaking - Marley Dean Limited
Registered office - England & Wales
Class of shares held - Ordinary
Holding - 50%
6. Stocks
2023 2022
£ £
Work in progress - 2,600,000
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 6,875 -
Prepayments and accrued income 1,786 9,802
Loan Account - M Cilia - 1
Amounts owed by group undertakings 1,118,153 341,167
1,126,814 350,970
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,365 3,840
Corporation tax 93,032 67,879
Tenants Deposit 40,540 36,272
Accruals and deferred income 85,699 75,950
Amounts owed to group undertakings 642,209 10,000
862,845 193,941
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9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans - HSBC Loan A/C 72398877 445,162 2,120,000
The bank loan of £445,162.00 (2022 : £2,120,000.00) is secured against the assets of the company.
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,001 1,001
11. Related Party Transactions
As at 30 November 2023, the company was owed £582,209.00 (2022: £Nil) to M Cilia, a related party to the company's director.
As at 30 November 2023, the company was owed £38,500.00 (2022: £38,502.00) by William Hartley Developments Limited, a related company, owed £1,025,360.63 (2022: £299,988.00) by Range Ventures Limited, parent company, and owed £4,292.40 (2022: £2,667.40) by Amber Close Management No. 1 Limited, a related company.
As at 30 November 2023, the company was owed to £10,000 (2022:£10,000) M Cilia.
During the year, management fees of £998.63 (2022: £3,501.37) were received from Marley Dean Limited, an associated undertaking.
12.
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