Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 4 April 2022 false 1 January 2023 31 December 2023 31 December 2023 14023189 Mr Ashley Turner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14023189 2022-12-31 14023189 2023-12-31 14023189 2023-01-01 2023-12-31 14023189 frs-core:CurrentFinancialInstruments 2023-12-31 14023189 frs-core:ComputerEquipment 2023-12-31 14023189 frs-core:ComputerEquipment 2023-01-01 2023-12-31 14023189 frs-core:ComputerEquipment 2022-12-31 14023189 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 14023189 frs-core:FurnitureFittings 2023-12-31 14023189 frs-core:FurnitureFittings 2023-01-01 2023-12-31 14023189 frs-core:FurnitureFittings 2022-12-31 14023189 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 14023189 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 14023189 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 14023189 frs-core:OtherResidualIntangibleAssets 2023-12-31 14023189 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 14023189 frs-core:OtherResidualIntangibleAssets 2022-12-31 14023189 frs-core:PlantMachinery 2023-12-31 14023189 frs-core:PlantMachinery 2023-01-01 2023-12-31 14023189 frs-core:PlantMachinery 2022-12-31 14023189 frs-core:ShareCapital 2023-12-31 14023189 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 14023189 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 14023189 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 14023189 frs-bus:SmallEntities 2023-01-01 2023-12-31 14023189 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 14023189 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 14023189 frs-bus:Director1 2023-01-01 2023-12-31 14023189 frs-countries:EnglandWales 2023-01-01 2023-12-31 14023189 2022-04-03 14023189 2022-12-31 14023189 2022-04-04 2022-12-31 14023189 frs-core:CurrentFinancialInstruments 2022-12-31 14023189 frs-core:ShareCapital 2022-12-31 14023189 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 14023189
The George Inn Oakham Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of The George Inn Oakham Ltd for the year ended 31 December 2023
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of The George Inn Oakham Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of The George Inn Oakham Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The George Inn Oakham Ltd and state those matters that we have agreed to state to the director of The George Inn Oakham Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The George Inn Oakham Ltd and its director as a body for our work or for this report.
It is your duty to ensure that The George Inn Oakham Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of The George Inn Oakham Ltd . You consider that The George Inn Oakham Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of The George Inn Oakham Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
16/09/2024
MPU Associates Limited
2 Water Street
Stamford
Lincs
PE9 2NJ
Page 1
Page 2
Balance Sheet
Registered number: 14023189
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,760 3,450
Tangible Assets 5 3,629,004 3,456,899
3,631,764 3,460,349
CURRENT ASSETS
Debtors 6 97,145 86,014
Cash at bank and in hand 59,079 61,978
156,224 147,992
Creditors: Amounts Falling Due Within One Year 7 (3,918,682 ) (3,673,762 )
NET CURRENT ASSETS (LIABILITIES) (3,762,458 ) (3,525,770 )
TOTAL ASSETS LESS CURRENT LIABILITIES (130,694 ) (65,421 )
NET LIABILITIES (130,694 ) (65,421 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (130,695 ) (65,422 )
SHAREHOLDERS' FUNDS (130,694) (65,421)
Page 2
Page 3
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 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 Ashley Turner
Director
16/09/2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
The George Inn Oakham Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14023189 . The registered office is Arnescote Farm, Stapleford Road, Whissendine, Oakham, Rutland, LE15 7HF.
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 logo design expenses valued at cost. These have not been amortised.
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:
Freehold Not depreciated
Plant & Machinery 20% on cost
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% on cost
2.5. 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.
Page 4
Page 5
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2022: 12)
17 12
4. Intangible Assets
Other
£
Cost
As at 1 January 2023 3,450
As at 31 December 2023 3,450
Amortisation
As at 1 January 2023 -
Provided during the period 690
As at 31 December 2023 690
Net Book Value
As at 31 December 2023 2,760
As at 1 January 2023 3,450
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 3,404,286 30,962 34,804 - 3,470,052
Additions 124,597 4,495 59,244 10,348 198,684
As at 31 December 2023 3,528,883 35,457 94,048 10,348 3,668,736
Depreciation
As at 1 January 2023 - 6,192 6,961 - 13,153
Provided during the period - 7,092 17,417 2,070 26,579
As at 31 December 2023 - 13,284 24,378 2,070 39,732
Net Book Value
As at 31 December 2023 3,528,883 22,173 69,670 8,278 3,629,004
As at 1 January 2023 3,404,286 24,770 27,843 - 3,456,899
Page 5
Page 6
6. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 36,696 19,360
Prepayments and accrued income 18,619 18,466
Other debtors 8,002 18,924
Deferred tax current asset 33,827 19,486
VAT - 9,777
Director's loan account 1 1
97,145 86,014
7. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 44,898 56,596
Other taxes and social security 6,311 4,356
VAT 25,156 -
Other creditors 3,606 5,354
Accruals and deferred income 6,048 4,500
Amounts owed to related parties 3,832,663 3,602,956
3,918,682 3,673,762
8. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 1 1
Page 6