Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 06020512 Mr Raoul Perfitt Mrs Vicki Borley Mrs Katharine Crew Mr Ian Bishop true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06020512 2022-12-31 06020512 2023-12-31 06020512 2023-01-01 2023-12-31 06020512 frs-core:CurrentFinancialInstruments 2023-12-31 06020512 frs-core:Non-currentFinancialInstruments 2023-12-31 06020512 frs-core:CapitalRedemptionReserve 2023-12-31 06020512 frs-core:SharePremium 2023-12-31 06020512 frs-core:ShareCapital 2023-12-31 06020512 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06020512 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06020512 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06020512 frs-bus:SmallEntities 2023-01-01 2023-12-31 06020512 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06020512 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06020512 1 2023-01-01 2023-12-31 06020512 frs-core:CostValuation 2022-12-31 06020512 frs-core:CostValuation 2023-12-31 06020512 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 06020512 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 06020512 frs-bus:Director1 2023-01-01 2023-12-31 06020512 frs-bus:Director2 2023-01-01 2023-12-31 06020512 frs-bus:Director3 2023-01-01 2023-12-31 06020512 frs-bus:Director4 2023-01-01 2023-12-31 06020512 frs-countries:EnglandWales 2023-01-01 2023-12-31 06020512 2021-12-31 06020512 2022-12-31 06020512 2022-01-01 2022-12-31 06020512 frs-core:CurrentFinancialInstruments 2022-12-31 06020512 frs-core:Non-currentFinancialInstruments 2022-12-31 06020512 frs-core:CapitalRedemptionReserve 2022-12-31 06020512 frs-core:SharePremium 2022-12-31 06020512 frs-core:ShareCapital 2022-12-31 06020512 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 06020512
Herb U.K. (Holdings) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06020512
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 563,255 563,255
563,255 563,255
CURRENT ASSETS
Debtors 5 2,449 2,448
Cash at bank and in hand 20 573
2,469 3,021
Creditors: Amounts Falling Due Within One Year 6 (81,298 ) (12,289 )
NET CURRENT ASSETS (LIABILITIES) (78,829 ) (9,268 )
TOTAL ASSETS LESS CURRENT LIABILITIES 484,426 553,987
Creditors: Amounts Falling Due After More Than One Year 7 (300,000 ) (300,000 )
NET ASSETS 184,426 253,987
CAPITAL AND RESERVES
Called up share capital 8 397 397
Share premium account 149,653 149,653
Capital redemption reserve 50 50
Profit and Loss Account 34,326 103,887
SHAREHOLDERS' FUNDS 184,426 253,987
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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
Mr Raoul Perfitt
Director
20/09/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Herb U.K. (Holdings) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06020512 . The registered office is 610 Ampress Lane, Ampress Park, Lymington, Hampshire, SO41 8LW.
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. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
2.3. 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.
Current  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.
2.4. Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
2.5. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
2.6. Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 4)
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4. Investments
Subsidiaries
£
Cost
As at 1 January 2023 563,255
As at 31 December 2023 563,255
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 563,255
As at 1 January 2023 563,255
5. Debtors
2023 2022
£ £
Due within one year
Amounts owed by group undertakings 2,449 -
Other debtors - 2,448
2,449 2,448
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Amounts owed to group undertakings 81,298 12,289
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 300,000 300,000
Other creditors of £300,000 (2021 £ 300,000) comprise of a loan which is payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.
The loan is repayable by 5th October 2031 and interest is payable at the rate of 2% per annum above the recommended Bank of England base rate.
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 397 397
9. Ultimate Controlling Party
The company is controlled by the directors who own 100% of the issued share capital in the company.
10. Other financial commitments
A debenture, comprising of fixed and floating charges over all assets, has been given to the bank by the company securing the liabilities of it's subsidiary undertakings.
Personal guarantees have been given by two of the directors to secure all liabilities of the company.
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