Acorah Software Products - Accounts Production 15.0.600 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 07297890 Mr Darren Taylor Mrs Helen Taylor Mr Darren Taylor true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07297890 2023-06-30 07297890 2024-06-30 07297890 2023-07-01 2024-06-30 07297890 frs-core:CurrentFinancialInstruments 2024-06-30 07297890 frs-core:Non-currentFinancialInstruments 2024-06-30 07297890 frs-core:ComputerEquipment 2024-06-30 07297890 frs-core:ComputerEquipment 2023-07-01 2024-06-30 07297890 frs-core:ComputerEquipment 2023-06-30 07297890 frs-core:FurnitureFittings 2024-06-30 07297890 frs-core:FurnitureFittings 2023-07-01 2024-06-30 07297890 frs-core:FurnitureFittings 2023-06-30 07297890 frs-core:MotorVehicles 2024-06-30 07297890 frs-core:MotorVehicles 2023-07-01 2024-06-30 07297890 frs-core:MotorVehicles 2023-06-30 07297890 frs-core:PlantMachinery 2024-06-30 07297890 frs-core:PlantMachinery 2023-07-01 2024-06-30 07297890 frs-core:PlantMachinery 2023-06-30 07297890 frs-core:ShareCapital 2024-06-30 07297890 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 07297890 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07297890 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 07297890 frs-bus:SmallEntities 2023-07-01 2024-06-30 07297890 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07297890 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07297890 1 2023-07-01 2024-06-30 07297890 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-30 07297890 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-06-30 07297890 frs-bus:Director1 2023-07-01 2024-06-30 07297890 frs-bus:Director2 2023-07-01 2024-06-30 07297890 frs-countries:EnglandWales 2023-07-01 2024-06-30 07297890 2022-06-30 07297890 2023-06-30 07297890 2022-07-01 2023-06-30 07297890 frs-core:CurrentFinancialInstruments 2023-06-30 07297890 frs-core:Non-currentFinancialInstruments 2023-06-30 07297890 frs-core:ShareCapital 2023-06-30 07297890 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 07297890 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-30
Registered number: 07297890
Hamilton Chase Investments Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07297890
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 608 421
Investment Properties 5 475,000 475,000
475,608 475,421
CURRENT ASSETS
Debtors 6 955 -
Cash at bank and in hand 762 2,697
1,717 2,697
Creditors: Amounts Falling Due Within One Year 7 (124,505 ) (65,186 )
NET CURRENT ASSETS (LIABILITIES) (122,788 ) (62,489 )
TOTAL ASSETS LESS CURRENT LIABILITIES 352,820 412,932
Creditors: Amounts Falling Due After More Than One Year 8 (374,171 ) (374,043 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (22,187 ) (22,187 )
NET (LIABILITIES)/ASSETS (43,538 ) 16,702
CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair Value Reserve 11 108,326 108,326
Profit and Loss Account (151,964 ) (91,724 )
SHAREHOLDERS' FUNDS (43,538) 16,702
Page 1
Page 2
For the year ending 30 June 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 Darren Taylor
Director
19/09/2024
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
Hamilton Chase Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07297890 . The registered office is C/O Optimise Accountants Limited, Unit 3, Jubilee House, 31-33 Meadow Lane, Nottingham, NG10 2FE.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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:
Plant & Machinery 25% on reducing balance basis
Motor Vehicles 25% on reducing balance basis
Fixtures & Fittings 25% on reducing balance basis
Computer Equipment 33% on reducing balance basis
2.5. Investment Properties
All Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 344 27,780 770 2,522 31,416
Additions - - - 369 369
As at 30 June 2024 344 27,780 770 2,891 31,785
...CONTINUED
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Page 4
Depreciation
As at 1 July 2023 216 27,780 587 2,412 30,995
Provided during the period 31 - 45 106 182
As at 30 June 2024 247 27,780 632 2,518 31,177
Net Book Value
As at 30 June 2024 97 - 138 373 608
As at 1 July 2023 128 - 183 110 421
5. Investment Property
2024
£
Fair Value
As at 1 July 2023 and 30 June 2024 475,000
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 955 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,725 120
Accruals and deferred income 2,970 -
Directors' loan accounts 116,810 63,717
Amounts owed to other participating interests - 1,349
124,505 65,186
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 374,171 374,043
9. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.The below bank loans are secured on the investment properties. They are interest only with a term of 10 years.
2024 2023
£ £
Bank loans and overdrafts 364,055 360,480
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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11. Reserves
Fair Value Reserve
£
As at 1 July 2023 108,326
As at 30 June 2024 108,326
12. Related Party Transactions
The company has received a loan of £1,349.11 from St Etienne Accommodation Ltd. Both companies are related by same directors Mr Darren Taylor and Mrs Helen Taylor and shareholders. The loan is interest free and repayable on demand.
13. Ultimate Controlling Party
The company's ultimate controlling party is Mr Darren Taylor by virtue of his ownership of 60% of the issued share capital in the company.
Page 5