Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 04990816 Mr Peter Greatorex Mrs Helen Newton Mrs Helen Newton Mrs Clare Greatorex iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04990816 2022-12-31 04990816 2023-12-31 04990816 2023-01-01 2023-12-31 04990816 frs-core:CurrentFinancialInstruments 2023-12-31 04990816 frs-core:BetweenOneFiveYears 2023-12-31 04990816 frs-core:ComputerEquipment 2023-12-31 04990816 frs-core:ComputerEquipment 2023-01-01 2023-12-31 04990816 frs-core:ComputerEquipment 2022-12-31 04990816 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 04990816 frs-core:FurnitureFittings 2023-12-31 04990816 frs-core:FurnitureFittings 2023-01-01 2023-12-31 04990816 frs-core:FurnitureFittings 2022-12-31 04990816 frs-core:NetGoodwill 2023-12-31 04990816 frs-core:NetGoodwill 2023-01-01 2023-12-31 04990816 frs-core:NetGoodwill 2022-12-31 04990816 frs-core:OtherResidualIntangibleAssets 2023-12-31 04990816 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 04990816 frs-core:OtherResidualIntangibleAssets 2022-12-31 04990816 frs-core:WithinOneYear 2023-12-31 04990816 frs-core:SharePremium 2023-12-31 04990816 frs-core:ShareCapital 2023-12-31 04990816 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04990816 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04990816 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04990816 frs-bus:SmallEntities 2023-01-01 2023-12-31 04990816 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04990816 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04990816 frs-bus:Director1 2023-01-01 2023-12-31 04990816 frs-bus:Director1 2022-12-31 04990816 frs-bus:Director1 2023-12-31 04990816 frs-bus:Director2 2023-01-01 2023-12-31 04990816 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 04990816 frs-bus:CompanySecretary2 2023-01-01 2023-12-31 04990816 frs-core:CurrentFinancialInstruments 1 2023-12-31 04990816 frs-countries:EnglandWales 2023-01-01 2023-12-31 04990816 2021-12-31 04990816 2022-12-31 04990816 2022-01-01 2022-12-31 04990816 frs-core:CurrentFinancialInstruments 2022-12-31 04990816 frs-core:BetweenOneFiveYears 2022-12-31 04990816 frs-core:WithinOneYear 2022-12-31 04990816 frs-core:SharePremium 2022-12-31 04990816 frs-core:ShareCapital 2022-12-31 04990816 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 04990816 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 04990816
The Apartment Company.co.uk Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Leigh Park Accountancy Ltd
141 Leigh Park Road
Bradford on Avon
Wiltshire
BA15 1TQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04990816
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,124 1,498
Tangible Assets 5 3,141 5,609
Investments 1 1
4,266 7,108
CURRENT ASSETS
Debtors 6 114,891 71,048
Cash at bank and in hand 19,239 230,701
134,130 301,749
Creditors: Amounts Falling Due Within One Year 7 (84,830 ) (165,509 )
NET CURRENT ASSETS (LIABILITIES) 49,300 136,240
TOTAL ASSETS LESS CURRENT LIABILITIES 53,566 143,348
PROVISIONS FOR LIABILITIES
Deferred Taxation (597 ) (1,025 )
NET ASSETS 52,969 142,323
CAPITAL AND RESERVES
Called up share capital 8 1 1
Share premium account 38,000 38,000
Profit and Loss Account 14,968 104,322
SHAREHOLDERS' FUNDS 52,969 142,323
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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 Peter Greatorex
Director
31/05/2024
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
The Apartment Company.co.uk Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04990816 . The registered office is The Orchard High Street, Blagdon, Bristol, North Somerset, BS40 7TQ.
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 rendering of services. 
Rendering of services
Turnover from the rendering of services is recognised upon completion of the contract. 
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit or loss over its estimated economic life of 8 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are a trademark. It is amortised to profit or loss over its estimated economic life of 10 years.
2.5. 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% straight line
Computer Equipment 25% straight line
2.6. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit or loss as incurred.
2.7. Financial Instruments
Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost
using the effective interest method, less any impairment.
Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related
parties, 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. Such instruments are subsequently carried at amortised cost using the effective interest method,
less any impairment.
Cash at bank and in hand
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and
other short-term highly liquid investments that mature in no more than three months from the date of
acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Interest income
Interest income is recognised in profit or loss using the effective interest method.
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2.8. 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 profit or loss 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2022: 10)
14 10
4. Intangible Assets
Goodwill Other Intangible Assets Total
£ £ £
Cost
As at 1 January 2023 8,000 3,742 11,742
As at 31 December 2023 8,000 3,742 11,742
Amortisation
As at 1 January 2023 8,000 2,244 10,244
Provided during the period - 374 374
As at 31 December 2023 8,000 2,618 10,618
Net Book Value
As at 31 December 2023 - 1,124 1,124
As at 1 January 2023 - 1,498 1,498
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 18,454 3,293 21,747
As at 31 December 2023 18,454 3,293 21,747
...CONTINUED
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Depreciation
As at 1 January 2023 15,528 610 16,138
Provided during the period 1,859 609 2,468
As at 31 December 2023 17,387 1,219 18,606
Net Book Value
As at 31 December 2023 1,067 2,074 3,141
As at 1 January 2023 2,926 2,683 5,609
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 26,995 -
Other debtors 87,796 70,948
114,791 70,948
Due after more than one year
Amounts owed by group undertakings 100 100
114,891 71,048
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 26,369 17,544
Other creditors 25,947 24,915
Taxation and social security 32,514 123,050
84,830 165,509
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
In March 2022, the company bought back 16 ordinary shares of 1p each for a consideration of £50,000.  These shares were then cancelled.  In October 2022, the company bought back a further 4 ordinary shares of 1p each for a consideration of £30,000.  These shares were then cancelled.
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 11,382 25,605
Later than one year and not later than five years 17,074 17,191
28,456 42,796
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to a director:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Peter Greatorex 46,328 17,020 - - 63,348
The above loan is unsecured, interest free and repayable on demand.
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