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 09908141 Mr Andre Verwey Mr Warren Verwey Ms Dorothy Colleen Verwey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09908141 2022-12-31 09908141 2023-12-31 09908141 2023-01-01 2023-12-31 09908141 frs-core:CurrentFinancialInstruments 2023-12-31 09908141 frs-core:Non-currentFinancialInstruments 2023-12-31 09908141 frs-core:FurnitureFittings 2023-12-31 09908141 frs-core:FurnitureFittings 2023-01-01 2023-12-31 09908141 frs-core:FurnitureFittings 2022-12-31 09908141 frs-core:ShareCapital 2023-12-31 09908141 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09908141 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09908141 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09908141 frs-bus:SmallEntities 2023-01-01 2023-12-31 09908141 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09908141 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09908141 frs-bus:Director1 2023-01-01 2023-12-31 09908141 frs-bus:Director2 2023-01-01 2023-12-31 09908141 frs-bus:Director3 2023-01-01 2023-12-31 09908141 frs-countries:EnglandWales 2023-01-01 2023-12-31 09908141 2021-12-31 09908141 2022-12-31 09908141 2022-01-01 2022-12-31 09908141 frs-core:CurrentFinancialInstruments 2022-12-31 09908141 frs-core:Non-currentFinancialInstruments 2022-12-31 09908141 frs-core:ShareCapital 2022-12-31 09908141 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09908141
Heron 41 Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Digital Accounting Enterprises Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09908141
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 431,000 426,000
431,000 426,000
CURRENT ASSETS
Cash at bank and in hand 5,569 7,473
5,569 7,473
Creditors: Amounts Falling Due Within One Year 6 (601 ) (1,797 )
NET CURRENT ASSETS (LIABILITIES) 4,968 5,676
TOTAL ASSETS LESS CURRENT LIABILITIES 435,968 431,676
Creditors: Amounts Falling Due After More Than One Year 7 (296,599 ) (297,381 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (28,215 ) (27,265 )
NET ASSETS 111,154 107,030
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 111,153 107,029
SHAREHOLDERS' FUNDS 111,154 107,030
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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 Andre Verwey
Director
25/09/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Heron 41 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09908141 . The registered office is Gemini House Boundary Road, Buckingham Road Industrial Estate, Brackley, Northants, NN13 7ES.
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:
Fixtures & Fittings 4 years straight line
On 1 January 2020, the company changed the depreciation policy on tangible assets from 25% Reducing Balance to a 4 year Straight Line method to reflect the actual useful economic value of tangible assets. Any residual balance from prior methods will follow this principle.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
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4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 1 January 2023 2,724
As at 31 December 2023 2,724
Depreciation
As at 1 January 2023 2,724
As at 31 December 2023 2,724
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Investment Property
2023
£
Fair Value
As at 1 January 2023 426,000
Revaluations 5,000
As at 31 December 2023 431,000
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 500
Accruals and deferred income 601 1,297
601 1,797
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Directors loan account 296,599 297,381
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans to directors:
At the balance sheet date, the company owed £296,599 unsecured, interest free and repayable on demand.
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