Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 09531424 Mr Matthew Stevens Mrs Heather Stevens Brightside South Ltd 74 Sopers Lane, Christchurch, Dorset, England, BH23 1JF true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09531424 2023-04-30 09531424 2024-04-30 09531424 2023-05-01 2024-04-30 09531424 frs-core:CurrentFinancialInstruments 2024-04-30 09531424 frs-core:Non-currentFinancialInstruments 2024-04-30 09531424 frs-core:BetweenOneFiveYears 2024-04-30 09531424 frs-core:FurnitureFittings 2023-05-01 2024-04-30 09531424 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-30 09531424 frs-core:InvestmentPropertyIncludedWithinPPE 2023-04-30 09531424 frs-core:PlantMachinery 2024-04-30 09531424 frs-core:PlantMachinery 2023-05-01 2024-04-30 09531424 frs-core:PlantMachinery 2023-04-30 09531424 frs-core:WithinOneYear 2024-04-30 09531424 frs-core:ShareCapital 2024-04-30 09531424 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 09531424 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09531424 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 09531424 frs-bus:SmallEntities 2023-05-01 2024-04-30 09531424 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09531424 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 09531424 1 2023-05-01 2024-04-30 09531424 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-05-01 2024-04-30 09531424 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-04-30 09531424 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-04-30 09531424 frs-bus:Director1 2023-05-01 2024-04-30 09531424 frs-bus:Director2 2023-05-01 2024-04-30 09531424 frs-countries:EnglandWales 2023-05-01 2024-04-30 09531424 2022-04-30 09531424 2023-04-30 09531424 2022-05-01 2023-04-30 09531424 frs-core:CurrentFinancialInstruments 2023-04-30 09531424 frs-core:Non-currentFinancialInstruments 2023-04-30 09531424 frs-core:BetweenOneFiveYears 2023-04-30 09531424 frs-core:WithinOneYear 2023-04-30 09531424 frs-core:ShareCapital 2023-04-30 09531424 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 09531424 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-04-30
Registered number: 09531424
H B Holdings Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09531424
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 377,354 227,235
377,354 227,235
CURRENT ASSETS
Stocks 5 4,043,630 3,982,598
Debtors 6 1,327,652 843,626
Cash at bank and in hand 3,308 187,532
5,374,590 5,013,756
Creditors: Amounts Falling Due Within One Year 7 (5,428,642 ) (4,924,569 )
NET CURRENT ASSETS (LIABILITIES) (54,052 ) 89,187
TOTAL ASSETS LESS CURRENT LIABILITIES 323,302 316,422
Creditors: Amounts Falling Due After More Than One Year 8 (135,767 ) (146,045 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (46,669 ) (9,309 )
NET ASSETS 140,866 161,068
CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair Value Reserve 12 138,750 26,250
Profit and Loss Account 2,016 134,718
SHAREHOLDERS' FUNDS 140,866 161,068
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For the year ending 30 April 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 Matthew Stevens
Director
10 October 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
H B Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09531424 . The registered office is 74 Sopers Lane, Christchurch, Dorset, BH23 1JF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

These financial statements are presented in pound sterling which is the functional currency of the company.
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 property. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of properties is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer.

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 25% reducing balance
Fixtures & Fittings 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. 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.
2.6. Financial Instruments
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially measured at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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2.7. 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. Tangible Assets
Investment Properties Plant & Machinery etc. Total
£ £ £
Cost or Valuation
As at 1 May 2023 225,000 3,698 228,698
Additions - 743 743
Revaluation 150,000 - 150,000
As at 30 April 2024 375,000 4,441 379,441
Depreciation
As at 1 May 2023 - 1,463 1,463
Provided during the period - 624 624
As at 30 April 2024 - 2,087 2,087
Net Book Value
As at 30 April 2024 375,000 2,354 377,354
As at 1 May 2023 225,000 2,235 227,235
The historical cost of the investment property on 30 April 2024 was £190,000 (2023: £190,000).The investment property has been valued on a current use basis by the directors on 30 April 2024 at £375,000 (2023: £225,000).
5. Stocks
2024 2023
£ £
Work in progress 4,043,630 3,982,598
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 650 650
Prepayments and accrued income 504,206 370,186
Other debtors 49,450 34,924
Amounts owed by group undertakings 773,346 437,866
1,327,652 843,626
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 158,418 103,713
Bank loans and overdrafts 15,737 15,737
Other taxes and social security 29,222 109,757
Other creditors 4,854,765 4,099,770
Accruals and deferred income 370,500 593,400
Amounts owed to group undertakings - 2,192
5,428,642 4,924,569
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 135,767 146,045
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 120,817 126,051
Other Creditors 4,678,687 4,096,455
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 5,289 5,289
Later than one year and not later than five years 2,645 8,815
7,934 14,104
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12. Reserves
Fair Value Reserve
£
As at 1 May 2023 26,250
Transfer to profit and loss 112,500
As at 30 April 2024 138,750
13. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Brightside South Ltd , who controls 100% of the shares of H B Holdings Ltd. The principal place of the business and the registered office is 74 Sopers Lane, Christchurch, Dorset, England, BH23 1JF.
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