Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10174678 Mr Robert Morris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10174678 2023-05-31 10174678 2024-05-31 10174678 2023-06-01 2024-05-31 10174678 frs-core:CurrentFinancialInstruments 2024-05-31 10174678 frs-core:Non-currentFinancialInstruments 2024-05-31 10174678 frs-core:FurnitureFittings 2024-05-31 10174678 frs-core:FurnitureFittings 2023-06-01 2024-05-31 10174678 frs-core:FurnitureFittings 2023-05-31 10174678 frs-core:RevaluationReserve 2023-06-01 2024-05-31 10174678 frs-core:RevaluationReserve 2023-05-31 10174678 frs-core:RevaluationReserve 2024-05-31 10174678 frs-core:ShareCapital 2024-05-31 10174678 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10174678 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10174678 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10174678 frs-bus:SmallEntities 2023-06-01 2024-05-31 10174678 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10174678 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10174678 frs-bus:Director1 2023-06-01 2024-05-31 10174678 frs-countries:EnglandWales 2023-06-01 2024-05-31 10174678 2022-05-31 10174678 2023-05-31 10174678 2022-06-01 2023-05-31 10174678 frs-core:CurrentFinancialInstruments 2023-05-31 10174678 frs-core:Non-currentFinancialInstruments 2023-05-31 10174678 frs-core:RevaluationReserve 2023-05-31 10174678 frs-core:ShareCapital 2023-05-31 10174678 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10174678
Holometabolous Metamorphosis Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contratax Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10174678
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 390,000 332,000
390,000 332,000
CURRENT ASSETS
Cash at bank and in hand 235 120
235 120
Creditors: Amounts Falling Due Within One Year 6 (133,793 ) (109,858 )
NET CURRENT ASSETS (LIABILITIES) (133,558 ) (109,738 )
TOTAL ASSETS LESS CURRENT LIABILITIES 256,442 222,262
Creditors: Amounts Falling Due After More Than One Year 7 (190,058 ) (190,058 )
NET ASSETS 66,384 32,204
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 105,246 59,257
Profit and Loss Account (38,962 ) (27,153 )
SHAREHOLDERS' FUNDS 66,384 32,204
Page 1
Page 2
For the year ending 31 May 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 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 Robert Morris
Director
09/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Holometabolous Metamorphosis Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10174678 . The registered office is 1 Richmond Road, St Annes On Sea, FY8 1PE.

Monetary amounts in these financial statements are rounded to the nearest £.

The presentation currency of the financial statements is the Pound Sterling (£).

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:
Fixtures & Fittings 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 and transfered to a revaluation reserve.Deferred taxation is not provided on these gains as there is no current intention to dispose of them at the rate expected to apply when the property is sold.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 1 June 2023 3,270
As at 31 May 2024 3,270
Depreciation
As at 1 June 2023 3,270
As at 31 May 2024 3,270
...CONTINUED
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Page 4
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 -
The investment property was valued at fair market value by the director.
5. Investment Property
2024
£
Fair Value
As at 1 June 2023 332,000
Additions 12,010
Revaluations 45,990
As at 31 May 2024 390,000
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 377
Other creditors 133,433 109,121
Accruals and deferred income 360 360
133,793 109,858
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 190,058 190,058
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation Reserve
£
As at 1 June 2023 59,257
Surplus on revaluation 45,989
As at 31 May 2024 105,246
Page 4