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 07098399 J D Bryce C Bryce iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07098399 2022-12-31 07098399 2023-12-31 07098399 2023-01-01 2023-12-31 07098399 frs-core:CurrentFinancialInstruments 2023-12-31 07098399 frs-core:MotorVehicles 2023-12-31 07098399 frs-core:MotorVehicles 2023-01-01 2023-12-31 07098399 frs-core:MotorVehicles 2022-12-31 07098399 frs-core:PlantMachinery 2023-12-31 07098399 frs-core:PlantMachinery 2023-01-01 2023-12-31 07098399 frs-core:PlantMachinery 2022-12-31 07098399 frs-core:RevaluationReserve 2022-12-31 07098399 frs-core:RevaluationReserve 2023-12-31 07098399 frs-core:ShareCapital 2023-12-31 07098399 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07098399 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07098399 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07098399 frs-bus:SmallEntities 2023-01-01 2023-12-31 07098399 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07098399 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07098399 frs-core:UnlistedNon-exchangeTraded 2023-12-31 07098399 frs-core:UnlistedNon-exchangeTraded 2022-12-31 07098399 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 07098399 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 07098399 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 07098399 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 07098399 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 07098399 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 07098399 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 07098399 frs-bus:Director1 2023-01-01 2023-12-31 07098399 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 07098399 frs-countries:EnglandWales 2023-01-01 2023-12-31 07098399 2021-12-31 07098399 2022-12-31 07098399 2022-01-01 2022-12-31 07098399 frs-core:CurrentFinancialInstruments 2022-12-31 07098399 frs-core:RevaluationReserve 2022-12-31 07098399 frs-core:ShareCapital 2022-12-31 07098399 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07098399
Jim and Claire Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07098399
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 172,615 180,553
Investment Properties 5 8,738,202 6,778,630
Investments 6 5,649,529 3,426,101
14,560,346 10,385,284
CURRENT ASSETS
Debtors 7 1,896,522 1,397,171
Cash at bank and in hand 2,239,607 50,581
4,136,129 1,447,752
Creditors: Amounts Falling Due Within One Year 8 (18,705,232 ) (11,626,700 )
NET CURRENT ASSETS (LIABILITIES) (14,569,103 ) (10,178,948 )
TOTAL ASSETS LESS CURRENT LIABILITIES (8,757 ) 206,336
NET (LIABILITIES)/ASSETS (8,757 ) 206,336
CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 167,367 167,367
Profit and Loss Account (176,125 ) 38,968
SHAREHOLDERS' FUNDS (8,757) 206,336
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
J D Bryce
Director
22nd September 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
Jim and Claire Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07098399 . The registered office is The Huf, Upper Earls Court Farm Horpit, Wanborough, Swindon, SN4 0AU.
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 10% straight line
Motor Vehicles 25% reducing balance
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost or Valuation
As at 1 January 2023 143,918 68,479 212,397
Additions - 25,368 25,368
As at 31 December 2023 143,918 93,847 237,765
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 January 2023 13,654 18,190 31,844
Provided during the period 14,392 18,914 33,306
As at 31 December 2023 28,046 37,104 65,150
Net Book Value
As at 31 December 2023 115,872 56,743 172,615
As at 1 January 2023 130,264 50,289 180,553
5. Investment Property
2023
£
Fair Value
As at 1 January 2023 6,778,630
Additions 1,871,085
Revaluations 88,487
As at 31 December 2023 8,738,202
6. Investments
Unlisted
£
Cost
As at 1 January 2023 3,426,101
Additions 2,230,620
Disposals (306,772 )
Revaluations 299,580
As at 31 December 2023 5,649,529
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 5,649,529
As at 1 January 2023 3,426,101
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 19,939 -
Other debtors 1,876,583 1,397,171
1,896,522 1,397,171
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 6,713 212,206
Other creditors 4,625 3,000
Amounts owed to associates 18,693,894 11,411,494
18,705,232 11,626,700
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
10. Reserves
Revaluation Reserve
£
As at 1 January 2023 167,367
As at 31 December 2023 167,367
Page 5