Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 03491835 Mr Paul Gibson Mrs Catherine Gibson Mr Trevor Newland iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03491835 2023-01-31 03491835 2024-01-31 03491835 2023-02-01 2024-01-31 03491835 frs-core:CurrentFinancialInstruments 2024-01-31 03491835 frs-core:ShareCapital 2024-01-31 03491835 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 03491835 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 03491835 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 03491835 frs-bus:SmallEntities 2023-02-01 2024-01-31 03491835 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 03491835 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 03491835 frs-bus:Director1 2023-02-01 2024-01-31 03491835 frs-bus:Director2 2023-02-01 2024-01-31 03491835 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 03491835 frs-countries:EnglandWales 2023-02-01 2024-01-31 03491835 2022-01-31 03491835 2023-01-31 03491835 2022-02-01 2023-01-31 03491835 frs-core:CurrentFinancialInstruments 2023-01-31 03491835 frs-core:ShareCapital 2023-01-31 03491835 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 03491835
Old Park Farm (Hertfordshire) Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Mostons
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03491835
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 14,619 14,619
14,619 14,619
CURRENT ASSETS
Debtors 5 19,248 15,610
Cash at bank and in hand 1,239 660
20,487 16,270
Creditors: Amounts Falling Due Within One Year 6 (3,641 ) (12,961 )
NET CURRENT ASSETS (LIABILITIES) 16,846 3,309
TOTAL ASSETS LESS CURRENT LIABILITIES 31,465 17,928
NET ASSETS 31,465 17,928
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 31,463 17,926
SHAREHOLDERS' FUNDS 31,465 17,928
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For the year ending 31 January 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
Mrs Catherine Gibson
Director
22/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Old Park Farm (Hertfordshire) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03491835 . The registered office is St Vincents Way, Barnet Road, Potters Bar, Hertfordshire, EN6 2RW.
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. Investment Properties
The directors are unable to place an accurate market value on the investment property without a costly professional valuation and are of the opinion that no useful purpose would be served by regular revaluations. 
2.3. 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: NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 February 2023 and 31 January 2024 14,619
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 19,248 15,610
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1 )
Other creditors 600 12,962
Taxation and social security 3,041 -
3,641 12,961
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
8. Related Party Transactions
Included in debtors is an amount of £18,248 (2023: £15,610) due from T M Newland who is the father of Mrs CGibson, a director.
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