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 10950612 Mr Nicholas Emmett Mrs Rachel Emmett Mrs Rachel Emmett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10950612 2023-05-31 10950612 2024-05-31 10950612 2023-06-01 2024-05-31 10950612 frs-core:CurrentFinancialInstruments 2024-05-31 10950612 frs-core:ComputerEquipment 2023-06-01 2024-05-31 10950612 frs-core:FurnitureFittings 2023-06-01 2024-05-31 10950612 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-31 10950612 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 10950612 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-31 10950612 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 10950612 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 10950612 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 10950612 frs-core:PlantMachinery 2023-06-01 2024-05-31 10950612 frs-core:ShareCapital 2024-05-31 10950612 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10950612 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10950612 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10950612 frs-bus:SmallEntities 2023-06-01 2024-05-31 10950612 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10950612 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10950612 frs-core:UnlistedNon-exchangeTraded 2024-05-31 10950612 frs-core:UnlistedNon-exchangeTraded 2023-05-31 10950612 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-05-31 10950612 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-05-31 10950612 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-05-31 10950612 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-05-31 10950612 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-05-31 10950612 frs-bus:Director1 2023-06-01 2024-05-31 10950612 frs-bus:Director2 2023-06-01 2024-05-31 10950612 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 10950612 1 2023-06-01 2024-05-31 10950612 frs-countries:EnglandWales 2023-06-01 2024-05-31 10950612 2022-05-31 10950612 2023-05-31 10950612 2022-06-01 2023-05-31 10950612 frs-core:CurrentFinancialInstruments 2023-05-31 10950612 frs-core:ShareCapital 2023-05-31 10950612 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 10950612 1 2022-06-01 2023-05-31
Registered number: 10950612
Corona Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10950612
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,159,356 8,025
Investments 5 15,000 251,250
1,174,356 259,275
CURRENT ASSETS
Debtors 6 - 470,261
Cash at bank and in hand 165,443 96,577
165,443 566,838
Creditors: Amounts Falling Due Within One Year 7 (19,255 ) (3,826 )
NET CURRENT ASSETS (LIABILITIES) 146,188 563,012
TOTAL ASSETS LESS CURRENT LIABILITIES 1,320,544 822,287
NET ASSETS 1,320,544 822,287
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 1,320,444 822,187
SHAREHOLDERS' FUNDS 1,320,544 822,287
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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 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 Nicholas Emmett
Director
18/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Corona Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10950612 . The registered office is 50-54 Berry Lane, Longridge, Preston, PR3 3JP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historic cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has therefore taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts. The accounts of this Company accordingly present information about this company only and not about it's group.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 5% Staight Line
Leasehold 25% Straight Line
Plant & Machinery 20% Reducing Balance
Fixtures & Fittings 25% Straight Line
Computer Equipment 33% Straight Line
2.4. Taxation
Taxation represents the sum of the tax currently payable and deferred tax.
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.
3. Average Number of Employees
Average number of employees during the year was as follows:
2024 2023
Directors 2 2
2 2
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4. Tangible Assets
Land & Property
Freehold Leasehold Total
£ £ £
Cost
As at 1 June 2023 - 13,128 13,128
Additions 1,154,611 - 1,154,611
As at 31 May 2024 1,154,611 13,128 1,167,739
Depreciation
As at 1 June 2023 - 5,103 5,103
Provided during the period - 3,280 3,280
As at 31 May 2024 - 8,383 8,383
Net Book Value
As at 31 May 2024 1,154,611 4,745 1,159,356
As at 1 June 2023 - 8,025 8,025
5. Investments
Unlisted
£
Cost
As at 1 June 2023 251,250
Disposals (236,250 )
As at 31 May 2024 15,000
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 15,000
As at 1 June 2023 251,250
This Company held 100% of the ordinary share capital of Emmett Holdings Limited until a restructure of the group on 5th October 2023 when Emmett Holdings Limited ceased to trade.  As part of the restructure the Company acquired 100% of the issued share capital of BPC (UK) Ltd. The capital reserves of this undertaking at 31st May 2024 amounted to £1,468,904 (2023 - £1,227,230) and it's pre tax profit for that year was £322,527 (2023 - £521,630).
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6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 120
VAT - 14
Loan - BPC (UK) Limited - 105,000
Loan - Emmett Holdings Limited - 365,127
- 470,261
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 11,822 1,826
VAT 4,309 -
Accruals and deferred income 2,500 2,000
Directors' loan accounts 624 -
19,255 3,826
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
Emmett Holdings Limited and BPC (UK) Ltd - Group CompaniesFollowing a restructure of the group the Company acquired land and buildings from Emmett Holdings Limited which are occupied by BPC (UK) Ltd. During the year BPC (UK) Ltd paid rent to Emmett holdings Limited in the sum of £25,187 (2023-£70,167) and to this Company in the sum of £48,013 (2023-£NIL)

Emmett Holdings Limited and BPC (UK) Ltd - Group Companies

Following a restructure of the group the Company acquired land and buildings from Emmett Holdings Limited which are occupied by BPC (UK) Ltd. During the year BPC (UK) Ltd paid rent to Emmett holdings Limited in the sum of £25,187 (2023-£70,167) and to this Company in the sum of £48,013 (2023-£NIL)

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