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 07097071 Mr Edward Bowen Mr Rupert Bevan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07097071 2022-12-31 07097071 2023-12-31 07097071 2023-01-01 2023-12-31 07097071 frs-core:CurrentFinancialInstruments 2023-12-31 07097071 frs-core:Non-currentFinancialInstruments 2023-12-31 07097071 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 07097071 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07097071 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 07097071 frs-core:PlantMachinery 2023-12-31 07097071 frs-core:PlantMachinery 2023-01-01 2023-12-31 07097071 frs-core:PlantMachinery 2022-12-31 07097071 frs-core:ShareCapital 2023-12-31 07097071 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07097071 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07097071 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07097071 frs-bus:SmallEntities 2023-01-01 2023-12-31 07097071 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07097071 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07097071 frs-bus:Director1 2023-01-01 2023-12-31 07097071 frs-bus:Director2 2023-01-01 2023-12-31 07097071 frs-countries:EnglandWales 2023-01-01 2023-12-31 07097071 2021-12-31 07097071 2022-12-31 07097071 2022-01-01 2022-12-31 07097071 frs-core:CurrentFinancialInstruments 2022-12-31 07097071 frs-core:Non-currentFinancialInstruments 2022-12-31 07097071 frs-core:ShareCapital 2022-12-31 07097071 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07097071
Point Hill Properties Ltd
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: 07097071
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 215 207,346
215 207,346
CURRENT ASSETS
Stocks 5 127,180 127,180
Debtors 6 2,699,759 2,700,600
Cash at bank and in hand 4,011 29,957
2,830,950 2,857,737
Creditors: Amounts Falling Due Within One Year 7 (1,386,851 ) (1,628,385 )
NET CURRENT ASSETS (LIABILITIES) 1,444,099 1,229,352
TOTAL ASSETS LESS CURRENT LIABILITIES 1,444,314 1,436,698
Creditors: Amounts Falling Due After More Than One Year 8 (25,146 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (48 ) (56 )
NET ASSETS 1,419,120 1,436,642
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 1,419,020 1,436,542
SHAREHOLDERS' FUNDS 1,419,120 1,436,642
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 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 Edward Bowen
Director
26/09/2024
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
Point Hill Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07097071 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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: NIL (2022: )
- -
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 January 2023 207,094 409 207,503
Disposals (207,094 ) - (207,094 )
As at 31 December 2023 - 409 409
Depreciation
As at 1 January 2023 - 157 157
Provided during the period - 37 37
As at 31 December 2023 - 194 194
Net Book Value
As at 31 December 2023 - 215 215
As at 1 January 2023 207,094 252 207,346
5. Stocks
2023 2022
£ £
Work in progress 127,180 127,180
6. Debtors
2023 2022
£ £
Due within one year
Other debtors - 18,176
VAT 1,938 83
Amounts owed by other participating interests 2,697,821 2,682,341
2,699,759 2,700,600
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 800 801
Bank loans and overdrafts - 159,666
Other creditors 640,468 609,835
Directors' loan accounts 10,206 62,706
Amounts owed to other participating interests 735,377 795,377
1,386,851 1,628,385
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 25,146 -
25,146 -
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5