Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 November 2021 false 1 January 2023 31 December 2023 31 December 2023 09273977 Mr Christopher Baker Christopher Baker false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09273977 2022-12-31 09273977 2023-12-31 09273977 2023-01-01 2023-12-31 09273977 frs-core:CurrentFinancialInstruments 2023-12-31 09273977 frs-core:ComputerEquipment 2023-12-31 09273977 frs-core:ComputerEquipment 2023-01-01 2023-12-31 09273977 frs-core:ComputerEquipment 2022-12-31 09273977 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 09273977 frs-core:FurnitureFittings 2023-12-31 09273977 frs-core:FurnitureFittings 2023-01-01 2023-12-31 09273977 frs-core:FurnitureFittings 2022-12-31 09273977 frs-core:OtherResidualIntangibleAssets 2023-12-31 09273977 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 09273977 frs-core:OtherResidualIntangibleAssets 2022-12-31 09273977 frs-core:SharePremium 2023-12-31 09273977 frs-core:ShareCapital 2023-12-31 09273977 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09273977 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09273977 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09273977 frs-bus:SmallEntities 2023-01-01 2023-12-31 09273977 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09273977 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09273977 1 2023-01-01 2023-12-31 09273977 frs-bus:Director1 2023-01-01 2023-12-31 09273977 frs-bus:Director2 2023-01-01 2023-12-31 09273977 frs-bus:Director2 2022-12-31 09273977 frs-bus:Director2 2023-12-31 09273977 frs-countries:EnglandWales 2023-01-01 2023-12-31 09273977 2021-10-31 09273977 2022-12-31 09273977 2021-11-01 2022-12-31 09273977 frs-core:CurrentFinancialInstruments 2022-12-31 09273977 frs-core:SharePremium 2022-12-31 09273977 frs-core:ShareCapital 2022-12-31 09273977 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09273977
Mansion House Financial Planning Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09273977
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,641,985 -
Tangible Assets 5 1,060 -
2,643,045 -
CURRENT ASSETS
Debtors 6 76,588 -
Cash at bank and in hand 141,402 -
217,990 -
Creditors: Amounts Falling Due Within One Year 7 (665,816 ) (4,439 )
NET CURRENT ASSETS (LIABILITIES) (447,826 ) (4,439 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,195,219 (4,439 )
NET ASSETS/(LIABILITIES) 2,195,219 (4,439 )
CAPITAL AND RESERVES
Called up share capital 8 4 4
Share premium account 2,190,230 -
Profit and Loss Account 4,985 (4,443 )
SHAREHOLDERS' FUNDS 2,195,219 (4,439)
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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 Baker
Director
26th August 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Mansion House Financial Planning Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09273977 . The registered office is Castle House, Castle Street, Guildford, Surrey, GU1 3UW.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Goodwill. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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 25% SL
Computer Equipment 25% SL
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable 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.
Current 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.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 2)
6 2
4. Intangible Assets
Other
£
Cost
As at 1 January 2023 -
Additions 2,938,833
Disposals (4,433 )
As at 31 December 2023 2,934,400
Amortisation
As at 1 January 2023 -
Provided during the period 292,711
Disposals (296 )
As at 31 December 2023 292,415
Net Book Value
As at 31 December 2023 2,641,985
As at 1 January 2023 -
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 - - -
Additions 177 1,198 1,375
As at 31 December 2023 177 1,198 1,375
Depreciation
As at 1 January 2023 - - -
Provided during the period 41 274 315
As at 31 December 2023 41 274 315
Net Book Value
As at 31 December 2023 136 924 1,060
As at 1 January 2023 - - -
6. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Other debtors 76,588 -
7. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 3,836 120
Other loans 493,860 -
Other creditors 44,817 4,319
Taxation and social security 123,303 -
665,816 4,439
8. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 4 4
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Ms Rebecca Murphy - 76,839 (41,584 ) - 35,255
The above loan is unsecured, interest free and repayable on demand.
10. Related Party Transactions
Dividends
During the year the company paid £42,416 (2022: £0) in dividends to the directors. 
11. Controlling Party
The company's controlling party is Christopher Baker by virtue of his ownership of 51% of the issued share capital in the company.
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