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 10844081 Mr Andrew Craig iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10844081 2022-12-31 10844081 2023-12-31 10844081 2023-01-01 2023-12-31 10844081 frs-core:Non-currentFinancialInstruments 2023-12-31 10844081 frs-core:FurnitureFittings 2023-01-01 2023-12-31 10844081 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10844081 frs-core:PlantMachinery 2023-01-01 2023-12-31 10844081 frs-core:RevaluationReserve 2023-12-31 10844081 frs-core:ShareCapital 2023-12-31 10844081 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10844081 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10844081 frs-bus:AbridgedAccounts 2023-01-01 2023-12-31 10844081 frs-bus:SmallEntities 2023-01-01 2023-12-31 10844081 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10844081 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10844081 frs-bus:Director1 2023-01-01 2023-12-31 10844081 frs-countries:EnglandWales 2023-01-01 2023-12-31 10844081 2021-12-31 10844081 2022-12-31 10844081 2022-01-01 2022-12-31 10844081 frs-core:Non-currentFinancialInstruments 2022-12-31 10844081 frs-core:RevaluationReserve 2022-12-31 10844081 frs-core:ShareCapital 2022-12-31 10844081 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10844081
Pennine House Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2023
Accsol
Contents
Page
Company Information 1
Abridged Balance Sheet 2—3
Notes to the Abridged Financial Statements 4—5
Page 1
Company Information
Director Mr Andrew Craig
Company Number 10844081
Registered Office Pennine House
39-45 Well Street
Bradford
BD1 5BW
Accountants Accsol
Cima Cgma
71 Kilbowie Road
Clydebank
G81 1BL
Page 1
Page 2
Abridged Balance Sheet
Registered number: 10844081
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,949,574 11,978,488
11,949,574 11,978,488
CURRENT ASSETS
Debtors 5 53,687 40,016
Cash at bank and in hand 639,800 490,605
693,487 530,621
Creditors: Amounts Falling Due Within One Year (493,797 ) (3,254,793 )
NET CURRENT ASSETS (LIABILITIES) 199,690 (2,724,172 )
TOTAL ASSETS LESS CURRENT LIABILITIES 12,149,264 9,254,316
Creditors: Amounts Falling Due After More Than One Year (3,071,756 ) (8,175,654 )
NET ASSETS 9,077,508 1,078,662
CAPITAL AND RESERVES
Called up share capital 6 8,149,658 300
Revaluation reserve 4,324,855 4,324,855
Profit and Loss Account (3,397,005 ) (3,246,493 )
SHAREHOLDERS' FUNDS 9,077,508 1,078,662
Page 2
Page 3
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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Andrew Craig
Director
26/09/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Abridged Financial Statements
1. General Information
Pennine House Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10844081 . The registered office is Pennine House, 39-45 Well Street, Bradford, BD1 5BW.
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:
Freehold Nil
Plant & Machinery 33% straight line
Fixtures & Fittings 33% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2022: 8)
9 8
4. Tangible Assets
Total
£
Cost
As at 1 January 2023 12,051,434
As at 31 December 2023 12,051,434
Depreciation
As at 1 January 2023 72,946
Provided during the period 28,914
As at 31 December 2023 101,860
Net Book Value
As at 31 December 2023 11,949,574
As at 1 January 2023 11,978,488
Page 4
Page 5
5. Debtors
2023 2022
£ £
Due after more than one year
Debtors includes £Nil (2022 - £Nil) due after more than one year.
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 8,149,658 300
7. Related Party Transactions
Terms of loans from related parties
The company was historically in a receipt of loans from Bridge Atlantic Developments LLC of £1,770,000 and
Wells Street Investments LLC of £6,379,358. Both loans are interest bearing at the rate of 7.5%, the loan interest has
been accfrued but not as yet paid. Both loans were capitalised during the course of the year and new shares issued
accordingly at par.
Page 5