Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 01966297 John G Fifield FRICS Edward G Fifield Charles G Fifield Mrs Victoria G Mead Charles G Fifield iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01966297 2023-04-30 01966297 2024-04-30 01966297 2023-05-01 2024-04-30 01966297 frs-core:CurrentFinancialInstruments 2024-04-30 01966297 frs-core:Non-currentFinancialInstruments 2024-04-30 01966297 frs-core:ComputerEquipment 2023-05-01 2024-04-30 01966297 frs-core:FurnitureFittings 2024-04-30 01966297 frs-core:FurnitureFittings 2023-05-01 2024-04-30 01966297 frs-core:FurnitureFittings 2023-04-30 01966297 frs-core:MotorVehicles 2024-04-30 01966297 frs-core:MotorVehicles 2023-05-01 2024-04-30 01966297 frs-core:MotorVehicles 2023-04-30 01966297 frs-core:PlantMachinery 2024-04-30 01966297 frs-core:PlantMachinery 2023-05-01 2024-04-30 01966297 frs-core:PlantMachinery 2023-04-30 01966297 frs-core:RevaluationReserve 2023-04-30 01966297 frs-core:RevaluationReserve 2024-04-30 01966297 frs-core:ShareCapital 2024-04-30 01966297 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 01966297 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 01966297 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 01966297 frs-bus:SmallEntities 2023-05-01 2024-04-30 01966297 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 01966297 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 01966297 frs-core:UnlistedNon-exchangeTraded 2024-04-30 01966297 frs-core:UnlistedNon-exchangeTraded 2023-04-30 01966297 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-04-30 01966297 frs-core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments frs-core:UnlistedNon-exchangeTraded 2024-04-30 01966297 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-04-30 01966297 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-04-30 01966297 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-04-30 01966297 frs-bus:Director1 2023-05-01 2024-04-30 01966297 frs-bus:Director2 2023-05-01 2024-04-30 01966297 frs-bus:Director3 2023-05-01 2024-04-30 01966297 frs-bus:Director4 2023-05-01 2024-04-30 01966297 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 01966297 frs-countries:EnglandWales 2023-05-01 2024-04-30 01966297 2022-04-30 01966297 2023-04-30 01966297 2022-05-01 2023-04-30 01966297 frs-core:CurrentFinancialInstruments 2023-04-30 01966297 frs-core:Non-currentFinancialInstruments 2023-04-30 01966297 frs-core:RevaluationReserve 2023-04-30 01966297 frs-core:ShareCapital 2023-04-30 01966297 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 01966297
Tudormen Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
John Morgan Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01966297
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,229 1,729
Investment Properties 5 150,001 350,001
Investments 6 826,639 805,669
977,869 1,157,399
CURRENT ASSETS
Debtors 7 11,458 22,716
Cash at bank and in hand 146,335 -
157,793 22,716
Creditors: Amounts Falling Due Within One Year 8 9,985 (31,494 )
NET CURRENT ASSETS (LIABILITIES) 167,778 (8,778 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,145,647 1,148,621
Creditors: Amounts Falling Due After More Than One Year 9 - (8,703 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (151,941 ) (146,823 )
NET ASSETS 993,706 993,095
CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 758,781 758,781
Profit and Loss Account 234,825 234,214
SHAREHOLDERS' FUNDS 993,706 993,095
Page 1
Page 2
For the year ending 30 April 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
John G Fifield FRICS
Director
23/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tudormen Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01966297 . The registered office is No1 Royal Mews, Gadbrook Park, Cheshire, CW9 7UD.
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:
Plant & Machinery 15% on straight line
Motor Vehicles 25% on striaght line
Fixtures & Fittings 15% on reducing balance
Computer Equipment 33% on straight line
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.
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 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 May 2023 23,965 17,500 12,997 54,462
As at 30 April 2024 23,965 17,500 12,997 54,462
Depreciation
As at 1 May 2023 23,572 17,500 11,661 52,733
Provided during the period 299 - 201 500
As at 30 April 2024 23,871 17,500 11,862 53,233
Net Book Value
As at 30 April 2024 94 - 1,135 1,229
As at 1 May 2023 393 - 1,336 1,729
5. Investment Property
2024
£
Fair Value
As at 1 May 2023 350,001
Disposals (200,000 )
As at 30 April 2024 150,001
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost - 350,000
6. Investments
Unlisted
£
Cost
As at 1 May 2023 805,669
Fair value adjustments 20,970
As at 30 April 2024 826,639
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 826,639
As at 1 May 2023 805,669
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,459 17,742
Prepayments and accrued income (1 ) 924
Other debtors - 4,041
Other taxes and social security - 9
11,458 22,716
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) 372
Bank loans and overdrafts - 18,172
Corporation tax - (563 )
Net wages 282 -
Other creditors (10,266 ) 10,366
Accruals and deferred income - 1,467
Directors' loan accounts - 1,680
(9,985 ) 31,494
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 8,703
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Reserves
Revaluation Reserve
£
As at 1 May 2023 758,781
As at 30 April 2024 758,781
Page 5