Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 true No description of principal activity 1 January 2023 31 December 2023 31 December 2023 08965500 Carl Bridge iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08965500 2022-12-31 08965500 2023-12-31 08965500 2023-01-01 2023-12-31 08965500 frs-core:CurrentFinancialInstruments 2023-12-31 08965500 frs-core:Non-currentFinancialInstruments 2023-12-31 08965500 frs-core:BetweenOneFiveYears 2023-12-31 08965500 frs-core:FurnitureFittings 2023-12-31 08965500 frs-core:FurnitureFittings 2023-01-01 2023-12-31 08965500 frs-core:FurnitureFittings 2022-12-31 08965500 frs-core:MoreThanFiveYears 2023-12-31 08965500 frs-core:WithinOneYear 2023-12-31 08965500 frs-core:ShareCapital 2023-12-31 08965500 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08965500 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08965500 frs-bus:FullAccounts 2023-01-01 2023-12-31 08965500 frs-bus:SmallEntities 2023-01-01 2023-12-31 08965500 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08965500 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08965500 frs-bus:SmallCompaniesRegimeForDirectorsReport 2023-01-01 2023-12-31 08965500 frs-bus:Director1 2023-01-01 2023-12-31 08965500 frs-countries:EnglandWales 2023-01-01 2023-12-31 08965500 2021-12-31 08965500 2022-12-31 08965500 2022-01-01 2022-12-31 08965500 frs-core:CurrentFinancialInstruments 2022-12-31 08965500 frs-core:Non-currentFinancialInstruments 2022-12-31 08965500 frs-core:BetweenOneFiveYears 2022-12-31 08965500 frs-core:MoreThanFiveYears 2022-12-31 08965500 frs-core:WithinOneYear 2022-12-31 08965500 frs-core:ShareCapital 2022-12-31 08965500 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 08965500
Birchover Residences Limited
Director's Report and
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Company Information 1
Director's Report 2
Profit and Loss Account 3
Balance Sheet 4
Notes to the Financial Statements 5—7
Page 1
Company Information
Director Carl Bridge
Company Number 08965500
Registered Office 10 Market Place
Wirksworth
Matlock
DE4 4ET
Accountants Vibrant Accountancy Limited
The Mill
Lodge Lane
Derby
DE1 3HB
Page 1
Page 2
Director's Report
The director presents his report and the financial statements for the year ended 31 December 2023.
Review of the Business
The results for the company show a loss for the financial year of £43,254 (2023: profit of £45,134). At the balance sheet date, net liabilities were £697,608 (2023: £654,354). 
The financial statements have been prepared on a basis other than going concern due to the fact that the company is unable to continue in operational existence for the foreseeable future. The primary reasons for this conclusion include the company's inability to secure necessary financing to continue to meet it's debts as they fall due and the recurrence of operating losses.
Since the balance sheet date, the company has undertaken an extensive cost review and have negotiated a number of cost reductions which the directors believe will support an improvement to future cash flows. Notably, the company has agreed rent reductions totalling over £10,000 per month which will have a positive impact on cash flow.
Directors
The director who held office during the year were as follows:
Carl Bridge
Statement of Director's Responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to: 
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Carl Bridge
Director
10 September 2024
Page 2
Page 3
Profit and Loss Account
2023 2022
Notes £ £
TURNOVER 1,021,946 947,757
Cost of sales (898,656 ) (764,855 )
GROSS PROFIT 123,290 182,902
Administrative expenses (142,294 ) (122,601 )
Other operating income 10,364 4,000
OPERATING (LOSS)/PROFIT (8,640 ) 64,301
Other interest receivable and similar income - -
Interest payable and similar charges (34,614 ) (19,167 )
(LOSS)/PROFIT FOR THE FINANCIAL YEAR (43,254 ) 45,134
The notes on pages 5 to 7 form part of these financial statements.
Page 3
Page 4
Balance Sheet
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,720 5,967
6,720 5,967
CURRENT ASSETS
Debtors 6 28,684 47,350
Cash at bank and in hand 18,815 10,075
47,499 57,425
Creditors: Amounts Falling Due Within One Year 7 (727,716 ) (693,635 )
NET CURRENT ASSETS (LIABILITIES) (680,217 ) (636,210 )
TOTAL ASSETS LESS CURRENT LIABILITIES (673,497 ) (630,243 )
Creditors: Amounts Falling Due After More Than One Year 8 (24,111 ) (24,111 )
NET LIABILITIES (697,608 ) (654,354 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (697,708 ) (654,454 )
SHAREHOLDERS' FUNDS (697,608) (654,354)
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 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 in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Carl Bridge
Director
10 September 2024
The notes on pages 5 to 7 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Birchover Residences Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08965500 . The registered office is 10 Market Place, Wirksworth, Matlock, DE4 4ET.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared in Sterling (£), which is the functional currency of the company. The financial statements are for the year ended 31 December 2023 (2022: year ended 31 December 2022).
The financial statements have been prepared on a basis other than going concern due to the fact that the company is unable to continue in operational existence for the foreseeable future. The primary reasons for this conclusion include the company's inability to secure necessary financing to continue to meet it's debts as they fall due and the recurrence of operating losses.
As a result of the decision to prepare the financial statements on a basis other than going concern, all company assets have been valued at their estimated realisable values and liabilities have been recognised at their estimated settlement amounts. This differs from the going concern basis, where assets are typically valued at their historical cost or fair value and liabilities are recognised at their expected settlement amounts.
The change in the basis of preparation has not had a material impact on the company's asset valuations and provisions for liabilities. 
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 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% on reducing balance
2.4. 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 and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.6. Financial Instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans from banks.
All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found and impairment loss is recognised in the profit and loss account.
2.7. 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: 16 (2022: 16)
16 16
Page 5
Page 6
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2023 33,167
Additions 2,803
As at 31 December 2023 35,970
Depreciation
As at 1 January 2023 27,200
Provided during the period 2,050
As at 31 December 2023 29,250
Net Book Value
As at 31 December 2023 6,720
As at 1 January 2023 5,967
5. Investments
Investments in subsidiary undertakings are recognised at cost.
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 7,301 2,511
Prepayments and accrued income 1,891 2,857
Other debtors 19,492 41,982
28,684 47,350
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 187,147 146,846
Bank loans and overdrafts 6,263 14,730
Other loans 291,794 170,238
Other taxes and social security 76,016 57,837
Other creditors 13,140 129,371
Accruals and deferred income 153,356 162,871
Director's loan account - 11,742
727,716 693,635
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 24,111 24,111
Page 6
Page 7
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 347,632 413,616
Later than one year and not later than five years 741,000 1,088,632
Later than five years 926,700 1,191,100
2,015,332 2,693,348
11. Related Party Transactions
At 31 December 2023, loans of £12,487 (2022: £127,125) were owing to related parties by virtue of common control and are included within other creditors. 
At 31 December 2023, loans of £19,392 (2022: £ Nil) were owed to related parties by virtue of common control and are included within other debtors. 
Page 7