Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 13164124 Mr A R Neathey Mr C I Neathey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13164124 2023-01-31 13164124 2024-01-31 13164124 2023-02-01 2024-01-31 13164124 frs-core:Non-currentFinancialInstruments 2024-01-31 13164124 frs-core:ShareCapital 2024-01-31 13164124 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 13164124 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13164124 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 13164124 frs-bus:SmallEntities 2023-02-01 2024-01-31 13164124 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13164124 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13164124 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-01-31 13164124 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-01-31 13164124 frs-bus:Director1 2023-02-01 2024-01-31 13164124 frs-bus:Director2 2023-02-01 2024-01-31 13164124 frs-core:CurrentFinancialInstruments 1 2024-01-31 13164124 frs-countries:EnglandWales 2023-02-01 2024-01-31 13164124 2022-01-31 13164124 2023-01-31 13164124 2022-02-01 2023-01-31 13164124 frs-core:CurrentFinancialInstruments 2023-01-31 13164124 frs-core:Non-currentFinancialInstruments 2023-01-31 13164124 frs-core:ShareCapital 2023-01-31 13164124 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 13164124 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-01-31 13164124 frs-core:CurrentFinancialInstruments 1 2023-01-31
Registered number: 13164124
ODIN-HERA LEGACY LTD
Unaudited Financial Statements
For The Year Ended 31 January 2024
CIGMA ACCOUNTING LTD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13164124
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 242,000 251,000
242,000 251,000
CURRENT ASSETS
Debtors 5 3,355 2,551
Cash at bank and in hand 8,302 3,670
11,657 6,221
Creditors: Amounts Falling Due Within One Year 6 (732 ) (1,986 )
NET CURRENT ASSETS (LIABILITIES) 10,925 4,235
TOTAL ASSETS LESS CURRENT LIABILITIES 252,925 255,235
Creditors: Amounts Falling Due After More Than One Year 7 (289,730 ) (277,230 )
NET LIABILITIES (36,805 ) (21,995 )
CAPITAL AND RESERVES
Called up share capital 8 200 200
Fair Value Reserve 9 - (8,658 )
Profit and Loss Account (37,005 ) (13,537 )
SHAREHOLDERS' FUNDS (36,805) (21,995)
Page 1
Page 2
For the year ending 31 January 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 A R Neathey
Director
17/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ODIN-HERA LEGACY LTD is a private company, limited by shares, incorporated in England & Wales, registered number 13164124 . The registered office is Office Number 107, Highland House 165 The Broadway, London, SW19 1NE.
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. 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:
2.3. 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.
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 February 2023 251,000
Fair value adjustments (9,000 )
As at 31 January 2024 242,000
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Deferred tax current asset 3,355 2,551
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1,314
Other creditors (CIGMA Accounting) 732 672
732 1,986
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 289,730 277,230
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
9. Reserves
Fair Value Reserve
£
As at 1 February 2023 (8,658 )
Movements in fair value reserve 8,658
As at 31 January 2024 -
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