Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 02285924 J Cogavin J D Fowler T Gleave H Gisborne J H Griffin G P Harrison N Hartwell N W Hockin W G Hooper C Jacks N P Klein E E Monfries A Reavley R Sangra C Watt A Edgeworth E E Monfries The Lunson Mitchenall Employee Benefit Trust true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02285924 2023-03-31 02285924 2024-03-31 02285924 2023-04-01 2024-03-31 02285924 frs-core:CurrentFinancialInstruments 2024-03-31 02285924 frs-core:Non-currentFinancialInstruments 2024-03-31 02285924 frs-core:BetweenOneFiveYears 2024-03-31 02285924 frs-core:ComputerEquipment 2024-03-31 02285924 frs-core:ComputerEquipment 2023-04-01 2024-03-31 02285924 frs-core:ComputerEquipment 2023-03-31 02285924 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 02285924 frs-core:FurnitureFittings 2024-03-31 02285924 frs-core:FurnitureFittings 2023-04-01 2024-03-31 02285924 frs-core:FurnitureFittings 2023-03-31 02285924 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 02285924 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 02285924 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 02285924 frs-core:MoreThanFiveYears 2024-03-31 02285924 frs-core:OtherResidualIntangibleAssets 2024-03-31 02285924 frs-core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 02285924 frs-core:OtherResidualIntangibleAssets 2023-03-31 02285924 frs-core:WithinOneYear 2024-03-31 02285924 frs-core:ShareCapital 2024-03-31 02285924 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 02285924 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02285924 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 02285924 frs-bus:SmallEntities 2023-04-01 2024-03-31 02285924 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02285924 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02285924 1 2023-04-01 2024-03-31 02285924 frs-core:UnlistedNon-exchangeTraded 2024-03-31 02285924 frs-core:UnlistedNon-exchangeTraded 2023-03-31 02285924 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 02285924 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 02285924 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 02285924 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 02285924 frs-bus:Director1 2023-04-01 2024-03-31 02285924 frs-bus:Director2 2023-04-01 2024-03-31 02285924 frs-bus:Director3 2023-04-01 2024-03-31 02285924 frs-bus:Director4 2023-04-01 2024-03-31 02285924 frs-bus:Director5 2023-04-01 2024-03-31 02285924 frs-bus:Director6 2023-04-01 2024-03-31 02285924 frs-bus:Director7 2023-04-01 2024-03-31 02285924 frs-bus:Director8 2023-04-01 2024-03-31 02285924 frs-bus:Director9 2023-04-01 2024-03-31 02285924 frs-bus:Director10 2023-04-01 2024-03-31 02285924 frs-bus:Director11 2023-04-01 2024-03-31 02285924 frs-bus:Director12 2023-04-01 2024-03-31 02285924 frs-bus:Director13 2023-04-01 2024-03-31 02285924 frs-bus:Director14 2023-04-01 2024-03-31 02285924 frs-bus:Director15 2023-04-01 2024-03-31 02285924 frs-bus:Director16 2023-04-01 2024-03-31 02285924 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 02285924 frs-countries:EnglandWales 2023-04-01 2024-03-31 02285924 2022-03-31 02285924 2023-03-31 02285924 2022-04-01 2023-03-31 02285924 frs-core:CurrentFinancialInstruments 2023-03-31 02285924 frs-core:Non-currentFinancialInstruments 2023-03-31 02285924 frs-core:BetweenOneFiveYears 2023-03-31 02285924 frs-core:MoreThanFiveYears 2023-03-31 02285924 frs-core:WithinOneYear 2023-03-31 02285924 frs-core:ShareCapital 2023-03-31 02285924 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 02285924
Lunson Mitchenall Limited
Financial Statements
For The Year Ended 31 March 2024
Finling Associates Ltd
2 Printer's Yard
90a The Broadway
London
SW19 1RD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02285924
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,884 10,818
Tangible Assets 5 8,639 15,203
Investments 6 2 2
15,525 26,023
CURRENT ASSETS
Debtors 7 1,529,943 1,889,452
Cash at bank and in hand 929,525 936,261
2,459,468 2,825,713
Creditors: Amounts Falling Due Within One Year 8 (2,465,193 ) (2,130,558 )
NET CURRENT ASSETS (LIABILITIES) (5,725 ) 695,155
TOTAL ASSETS LESS CURRENT LIABILITIES 9,800 721,178
Creditors: Amounts Falling Due After More Than One Year 9 (65,625 ) (153,125 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,664 ) (3,383 )
NET (LIABILITIES)/ASSETS (57,489 ) 564,670
CAPITAL AND RESERVES
Called up share capital 11 2,000 2,000
Profit and Loss Account (59,489 ) 562,670
SHAREHOLDERS' FUNDS (57,489) 564,670
Page 1
Page 2
For the year ending 31 March 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
E E Monfries
Director
20 September 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lunson Mitchenall Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02285924 . The registered office is 65 Chandos Place, London, WC2N 4HG.
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 represents the revenue recognised from the provision of consultancy and advisory services, rent review and agency work, excluding VAT, during the period. Revenue is recognised when, under the terms of the contract, all significant obligations have been fulfilled and the realisation of the resulting receivable fee income is considered probable. In instances where obligations still exist on contracts at the balance sheet then revenue recognition on such contracts is delayed until the associated obligations are fully satisfied.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible fixed assets are measured at cost less amortisation and any accumulated impairment losses. Amortisation is provided at rates calculated to write off the cost of the assets, less any estimated residual value, over their expected useful economic life of ten years
2.4. 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:
Leasehold 7 years straight line
Fixtures & Fittings 7 years straight line
Computer Equipment 3 years straight line
It is the company's policy to charge the purchase of computer and ancillary equipment directly to the profit and loss account except if the item is considered not to be short term in nature, and is above a de minimis level.
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.
2.6. Pensions
The company operates a defined pension contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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Page 4
2.7. Fixed asset investments
Investments in subsidiaries are recognised at cost less provision for impairment, if any.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 29 (2023: 28)
29 28
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 53,485
As at 31 March 2024 53,485
Amortisation
As at 1 April 2023 42,667
Provided during the period 3,934
As at 31 March 2024 46,601
Net Book Value
As at 31 March 2024 6,884
As at 1 April 2023 10,818
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 59,477 29,476 160,705 249,658
As at 31 March 2024 59,477 29,476 160,705 249,658
Depreciation
As at 1 April 2023 59,477 29,476 145,502 234,455
Provided during the period - - 6,564 6,564
As at 31 March 2024 59,477 29,476 152,066 241,019
Net Book Value
As at 31 March 2024 - - 8,639 8,639
As at 1 April 2023 - - 15,203 15,203
Page 4
Page 5
6. Investments
Unlisted
£
Cost
As at 1 April 2023 2
As at 31 March 2024 2
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 2
As at 1 April 2023 2
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,098,968 1,398,928
Prepayments and accrued income 376,652 321,961
Other debtors 54,323 168,563
1,529,943 1,889,452
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 340,704 118,196
Bank loans and overdrafts 88,254 90,802
Corporation tax (2,837 ) 154,661
Other taxes and social security 442,172 332,199
Other creditors 27,153 28,930
Accruals and deferred income 588,856 424,879
Amounts owed to group undertakings 980,891 980,891
2,465,193 2,130,558
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 65,625 153,125
10. Secured Creditors
Of the creditors, the following amounts are secured by a fixed and floating charge over the assets of the business:
2024 2023
£ £
Bank loans and overdrafts 153,125 240,625
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11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,000 2,000
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 41,284 273,975
Later than one year and not later than five years 993,161 41,284
Later than five years 36,987 -
1,071,432 315,259
13. Related Party Transactions
Included within other debtors is a loan made available to JH Griffin, amounting to £46,002 (2023: £27,448). The loan is repayable on demand, unsecured and free of interest.
14. Ultimate Controlling Party
The company's ultimate controlling party is The Lunson Mitchenall Employee Benefit Trust by virtue of its ownership of 100% of the issued share capital in the company. The Lunson Mitchenall Employee Benefit Trust has its address at 65 Chandos Place, London WC2N 4HG.
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