Acorah Software Products - Accounts Production 15.0.600 false true false 17 February 2023 31 March 2024 31 March 2024 14670713 Mr Thomas Wakeford Mrs Lindsay Wakeford iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14670713 2023-02-16 14670713 2024-03-31 14670713 2023-02-17 2024-03-31 14670713 frs-core:CurrentFinancialInstruments 2024-03-31 14670713 frs-core:LandBuildings 2024-03-31 14670713 frs-core:LandBuildings 2023-02-17 2024-03-31 14670713 frs-core:LandBuildings 2023-02-16 14670713 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-17 2024-03-31 14670713 frs-core:ShareCapital 2024-03-31 14670713 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14670713 frs-bus:PrivateLimitedCompanyLtd 2023-02-17 2024-03-31 14670713 frs-bus:FilletedAccounts 2023-02-17 2024-03-31 14670713 frs-bus:SmallEntities 2023-02-17 2024-03-31 14670713 frs-bus:AuditExempt-NoAccountantsReport 2023-02-17 2024-03-31 14670713 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-17 2024-03-31 14670713 frs-core:ListedExchangeTraded 2024-03-31 14670713 frs-core:ListedExchangeTraded 2023-02-16 14670713 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-02-16 14670713 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-03-31 14670713 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 14670713 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-02-16 14670713 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 14670713 frs-bus:Director1 2023-02-17 2024-03-31 14670713 frs-bus:Director2 2023-02-17 2024-03-31 14670713 frs-countries:EnglandWales 2023-02-17 2024-03-31
Registered number: 14670713
HCF (TBW) LIMITED
Unaudited Financial Statements
For the Period 17 February 2023 to 31 March 2024
Brook & Co Accountants - Brackley
1 Market Place
Brackley
NN13 7AB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14670713
31 March 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 3,822,066
Investments 5 300,000
4,122,066
CURRENT ASSETS
Debtors 6 2,926,942
Cash at bank and in hand 1,276,473
4,203,415
Creditors: Amounts Falling Due Within One Year 7 (8,026,422 )
NET CURRENT ASSETS (LIABILITIES) (3,823,007 )
TOTAL ASSETS LESS CURRENT LIABILITIES 299,059
NET ASSETS 299,059
CAPITAL AND RESERVES
Called up share capital 8 200,000
Profit and Loss Account 99,059
SHAREHOLDERS' FUNDS 299,059
Page 1
Page 2
For the period 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
Mr Thomas Wakeford
Director
04/11/2024
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
HCF (TBW) LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 14670713 . The registered office is Stepnell House, Lawford Road, Rugby, Warwickshire, CV21 2UU.
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:
Freehold Land & property - No depreciation
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.
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3. Average Number of Employees
Average number of employees, including directors, during the period was: 4
4
4. Tangible Assets
Land & Buildings
£
Cost
As at 17 February 2023 -
Additions 3,822,066
As at 31 March 2024 3,822,066
Net Book Value
As at 31 March 2024 3,822,066
As at 17 February 2023 -
5. Investments
Listed
£
Cost
As at 17 February 2023 -
Additions 300,000
As at 31 March 2024 300,000
Provision
As at 17 February 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 300,000
As at 17 February 2023 -
6. Debtors
31 March 2024
£
Due within one year
Amounts owed by group undertakings 2,536,201
Other debtors 302,991
2,839,192
...CONTINUED
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Due after more than one year
Other debtors 87,750
2,926,942
As at 31 March 2024 there is consideration of a loan amounting to £2,536,201 due from Stepnell Holdings Limited, a related party.
7. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Amounts owed to group undertakings 7,696,296
Other creditors 152,280
Taxation and social security 177,846
8,026,422
During the year the parent High Cross Farm Limited provided a loan amounting to £7,696,296. This relates to £6,005,495 Loan Notes and £1,690,801 balance.
8. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 200,000
Page 5