Acorah Software Products - Accounts Production 16.0.110 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 06629520 Mr Brian Olive Mrs. Susan Olive Mr Leigh Olive Mrs. Susan Olive iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06629520 2023-09-30 06629520 2024-09-30 06629520 2023-10-01 2024-09-30 06629520 frs-core:CurrentFinancialInstruments 2024-09-30 06629520 frs-core:Non-currentFinancialInstruments 2024-09-30 06629520 frs-core:ComputerEquipment 2024-09-30 06629520 frs-core:ComputerEquipment 2023-10-01 2024-09-30 06629520 frs-core:ComputerEquipment 2023-09-30 06629520 frs-core:FurnitureFittings 2024-09-30 06629520 frs-core:FurnitureFittings 2023-10-01 2024-09-30 06629520 frs-core:FurnitureFittings 2023-09-30 06629520 frs-core:NetGoodwill 2024-09-30 06629520 frs-core:NetGoodwill 2023-10-01 2024-09-30 06629520 frs-core:NetGoodwill 2023-09-30 06629520 frs-core:MotorVehicles 2024-09-30 06629520 frs-core:MotorVehicles 2023-10-01 2024-09-30 06629520 frs-core:MotorVehicles 2023-09-30 06629520 frs-core:ShareCapital 2024-09-30 06629520 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 06629520 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06629520 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 06629520 frs-bus:SmallEntities 2023-10-01 2024-09-30 06629520 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 06629520 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 06629520 frs-bus:Director1 2023-10-01 2024-09-30 06629520 frs-bus:Director2 2023-10-01 2024-09-30 06629520 frs-bus:Director3 2023-10-01 2024-09-30 06629520 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 06629520 frs-countries:EnglandWales 2023-10-01 2024-09-30 06629520 2022-09-30 06629520 2023-09-30 06629520 2022-10-01 2023-09-30 06629520 frs-core:CurrentFinancialInstruments 2023-09-30 06629520 frs-core:Non-currentFinancialInstruments 2023-09-30 06629520 frs-core:ShareCapital 2023-09-30 06629520 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 06629520
Homes Property Management Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06629520
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 37,080 41,200
Tangible Assets 5 19,221 25,291
56,301 66,491
CURRENT ASSETS
Debtors 6 44,800 56,612
Cash at bank and in hand 58,415 49,134
103,215 105,746
Creditors: Amounts Falling Due Within One Year 7 (78,664 ) (88,521 )
NET CURRENT ASSETS (LIABILITIES) 24,551 17,225
TOTAL ASSETS LESS CURRENT LIABILITIES 80,852 83,716
Creditors: Amounts Falling Due After More Than One Year 8 (12,138 ) (31,518 )
NET ASSETS 68,714 52,198
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 68,614 52,098
SHAREHOLDERS' FUNDS 68,714 52,198
Page 1
Page 2
For the year ending 30 September 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 Leigh Olive
Director
19/11/2024
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
Homes Property Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06629520 . The registered office is 11 Greenleaf House, Darkes Lane, Potters Bar, Hertfordshire, EN6 1AE.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 25 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:
Motor Vehicles 20% on cost
Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 6)
8 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 123,000
As at 30 September 2024 123,000
Amortisation
As at 1 October 2023 81,800
Provided during the period 4,120
As at 30 September 2024 85,920
Net Book Value
As at 30 September 2024 37,080
As at 1 October 2023 41,200
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 26,305 1 10,221 36,527
As at 30 September 2024 26,305 1 10,221 36,527
Depreciation
As at 1 October 2023 2,630 - 8,606 11,236
Provided during the period 5,261 - 809 6,070
As at 30 September 2024 7,891 - 9,415 17,306
Net Book Value
As at 30 September 2024 18,414 1 806 19,221
As at 1 October 2023 23,675 1 1,615 25,291
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,342 3,135
Prepayments and accrued income 30,433 43,832
Other debtors 11,025 9,645
44,800 56,612
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,126 40,628
Corporation tax 18,406 14,723
Other taxes and social security 4,222 2,022
VAT 3,333 1,511
Other creditors 2,679 2,050
Accruals and deferred income 7,766 6,000
Directors' loan accounts 32,132 21,587
78,664 88,521
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,138 19,198
Other creditors - 12,320
12,138 31,518
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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