Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 14 July 2021 false 1 January 2023 31 December 2023 31 December 2023 13510128 C D Ball D E Ball A Ball D E Ball iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13510128 2022-12-31 13510128 2023-12-31 13510128 2023-01-01 2023-12-31 13510128 frs-core:CurrentFinancialInstruments 2023-12-31 13510128 frs-core:Non-currentFinancialInstruments 2023-12-31 13510128 frs-core:ComputerEquipment 2023-12-31 13510128 frs-core:ComputerEquipment 2023-01-01 2023-12-31 13510128 frs-core:ComputerEquipment 2022-12-31 13510128 frs-core:MotorVehicles 2023-12-31 13510128 frs-core:MotorVehicles 2023-01-01 2023-12-31 13510128 frs-core:MotorVehicles 2022-12-31 13510128 frs-core:ShareCapital 2023-12-31 13510128 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13510128 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13510128 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13510128 frs-bus:SmallEntities 2023-01-01 2023-12-31 13510128 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13510128 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13510128 frs-bus:Director1 2023-01-01 2023-12-31 13510128 frs-bus:Director2 2023-01-01 2023-12-31 13510128 frs-bus:Director3 2023-01-01 2023-12-31 13510128 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 13510128 frs-core:CurrentFinancialInstruments 2 2023-12-31 13510128 frs-core:CurrentFinancialInstruments 3 2023-12-31 13510128 frs-core:CurrentFinancialInstruments 4 2023-12-31 13510128 frs-core:Non-currentFinancialInstruments 4 2023-12-31 13510128 frs-countries:EnglandWales 2023-01-01 2023-12-31 13510128 2021-07-13 13510128 2022-12-31 13510128 2021-07-14 2022-12-31 13510128 frs-core:CurrentFinancialInstruments 2022-12-31 13510128 frs-core:Non-currentFinancialInstruments 2022-12-31 13510128 frs-core:ShareCapital 2022-12-31 13510128 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 13510128 frs-core:CurrentFinancialInstruments 2 2022-12-31 13510128 frs-core:CurrentFinancialInstruments 3 2022-12-31 13510128 frs-core:CurrentFinancialInstruments 4 2022-12-31 13510128 frs-core:Non-currentFinancialInstruments 4 2022-12-31
Registered number: 13510128
2SHP Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13510128
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,444 -
Investment Properties 5 4,717,287 2,853,621
4,726,731 2,853,621
CURRENT ASSETS
Debtors 6 692 21,390
Cash at bank and in hand 35,780 22,163
36,472 43,553
Creditors: Amounts Falling Due Within One Year 7 (50,190 ) (6,132 )
NET CURRENT ASSETS (LIABILITIES) (13,718 ) 37,421
TOTAL ASSETS LESS CURRENT LIABILITIES 4,713,013 2,891,042
Creditors: Amounts Falling Due After More Than One Year 8 (4,702,952 ) (2,887,976 )
NET ASSETS 10,061 3,066
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 9,061 2,066
SHAREHOLDERS' FUNDS 10,061 3,066
Page 1
Page 2
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 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
D E Ball
Director
12/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
2SHP Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13510128 . The registered office is Sutherland House, Sheriffhales, Shifnal, Shropshire, TF11 8RA.
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:
Motor Vehicles 20% Reducing Balance
Computer Equipment 20% 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2022: 2)
9 2
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 - - -
Additions 7,506 4,298 11,804
As at 31 December 2023 7,506 4,298 11,804
Depreciation
As at 1 January 2023 - - -
Provided during the period 1,500 860 2,360
As at 31 December 2023 1,500 860 2,360
Net Book Value
As at 31 December 2023 6,006 3,438 9,444
As at 1 January 2023 - - -
5. Investment Property
31 December 2023
£
Fair Value
As at 1 January 2023 2,853,621
Additions 2,043,686
Disposals (180,020 )
As at 31 December 2023 4,717,287
6. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors (108 ) -
Other debtors - Staff Loan 800 -
Amounts owed by related parties - 21,390
692 21,390
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7. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Corporation tax - 485
PAYE and NIC 6,124 2,557
Other creditors 4,929 -
Pensions payable 1,033 -
Other creditors - Sutherland House Properties Ltd Intercompany Account 31,104 -
Other Creditors - 3SHP Ltd Intercompany Account 5,000 -
Accruals and deferred income 2,000 3,090
50,190 6,132
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 December 2022
£ £
Other creditors 65,400 29,216
Other Creditors - Sutherland House Properties Ltd Loan Account 1,000,000 -
Directors loan account 3,637,552 2,858,760
4,702,952 2,887,976
9. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
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