Acorah Software Products - Accounts Production 15.0.600 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 04867554 E C Stanwell G Sutherland iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04867554 2023-06-30 04867554 2024-06-30 04867554 2023-07-01 2024-06-30 04867554 frs-core:Non-currentFinancialInstruments 2024-06-30 04867554 frs-core:RevaluationReserve 2023-06-30 04867554 frs-core:RevaluationReserve 2024-06-30 04867554 frs-core:ShareCapital 2024-06-30 04867554 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 04867554 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04867554 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 04867554 frs-bus:SmallEntities 2023-07-01 2024-06-30 04867554 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04867554 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04867554 frs-bus:Director1 2023-07-01 2024-06-30 04867554 frs-bus:Director1 2023-06-30 04867554 frs-bus:Director1 2024-06-30 04867554 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 04867554 frs-countries:EnglandWales 2023-07-01 2024-06-30 04867554 2022-06-30 04867554 2023-06-30 04867554 2022-07-01 2023-06-30 04867554 frs-core:Non-currentFinancialInstruments 2023-06-30 04867554 frs-core:RevaluationReserve 2023-06-30 04867554 frs-core:ShareCapital 2023-06-30 04867554 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 04867554
Ellen Stanwell Limited
Financial Statements
For The Year Ended 30 June 2024
KJW Accountancy Services (Cotswolds) Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04867554
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,530,000 1,750,000
1,530,000 1,750,000
CURRENT ASSETS
Debtors 11,492 12,912
Cash at bank and in hand 372,567 11,706
384,059 24,618
Creditors: Amounts Falling Due Within One Year (1,507,271 ) (777,340 )
NET CURRENT ASSETS (LIABILITIES) (1,123,212 ) (752,722 )
TOTAL ASSETS LESS CURRENT LIABILITIES 406,788 997,278
Creditors: Amounts Falling Due After More Than One Year (380,400 ) (984,168 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (29,200 ) (21,700 )
NET LIABILITIES (2,812 ) (8,590 )
CAPITAL AND RESERVES
Called up share capital 5 1 1
Revaluation reserve 7 87,600 65,100
Profit and Loss Account (90,413 ) (73,691 )
SHAREHOLDERS' FUNDS (2,812) (8,590)
Page 1
Page 2
For the year ending 30 June 2024 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 her 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
E C Stanwell
Director
27/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ellen Stanwell Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04867554 . The registered office is Mapps Place Richards Castle, SY8 4EL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared 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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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. Financial Instruments
The compay has elected to apply the provisions of Section 11 'Basic Financial Instrument' of FRS 102 to all of its financial instruments. 
Financial instruments are recognised in the company's balance sheet when the company becomeds party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amouns presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle ona net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one yearor less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Page 3
Page 4
2.6. 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: 1 (2023: 1)
1 1
4. Investment Property
2024
£
Fair Value
As at 1 July 2023 1,750,000
Disposals (250,000 )
Fair value adjustments 30,000
As at 30 June 2024 1,530,000
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
6. Directors Advances, Credits and Guarantees
Included within current liabilities are the following loans from directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Ms Ellen Stanwell (723,198 ) 8,490 16,060 - (730,768 )
The above loan is non-interest bearing with no fixed repayment date.
Page 4
Page 5
7. Reserves
Revaluation Reserve
£
As at 1 July 2023 65,100
Deficit on revaluation 22,500
As at 30 June 2024 87,600
Page 5