Acorah Software Products - Accounts Production 16.0.110 false true false 7 November 2022 30 November 2023 30 November 2023 14466411 M Spolander A Fisher P Grant iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14466411 2022-11-06 14466411 2023-11-30 14466411 2022-11-07 2023-11-30 14466411 frs-core:CurrentFinancialInstruments 2023-11-30 14466411 frs-core:Non-currentFinancialInstruments 2023-11-30 14466411 frs-core:ShareCapital 2023-11-30 14466411 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 14466411 frs-bus:PrivateLimitedCompanyLtd 2022-11-07 2023-11-30 14466411 frs-bus:FilletedAccounts 2022-11-07 2023-11-30 14466411 frs-bus:SmallEntities 2022-11-07 2023-11-30 14466411 frs-bus:AuditExempt-NoAccountantsReport 2022-11-07 2023-11-30 14466411 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-07 2023-11-30 14466411 frs-bus:Director1 2022-11-07 2023-11-30 14466411 frs-bus:Director2 2022-11-07 2023-11-30 14466411 frs-bus:Director3 2022-11-07 2023-11-30 14466411 frs-countries:EnglandWales 2022-11-07 2023-11-30
Registered number: 14466411
Frilford Development Limited
Unaudited Financial Statements
For the Period 7 November 2022 to 30 November 2023
Modus Accountants Ltd
Unit 1c Church Green
Witney
OX28 4YR
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14466411
30 November 2023
Notes £ £
CURRENT ASSETS
Stocks 3 2,228,466
Debtors 4 18,108
Cash at bank and in hand 185,201
2,431,775
Creditors: Amounts Falling Due Within One Year 5 (41,486 )
NET CURRENT ASSETS (LIABILITIES) 2,390,289
TOTAL ASSETS LESS CURRENT LIABILITIES 2,390,289
Creditors: Amounts Falling Due After More Than One Year 6 (2,425,928 )
NET LIABILITIES (35,639 )
CAPITAL AND RESERVES
Called up share capital 7 100
Profit and Loss Account (35,739 )
SHAREHOLDERS' FUNDS (35,639)
For the period ending 30 November 2023 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
M Spolander
Director
21 November 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Stocks and Work in Progress
Land and property purchased with the intention to develop is included in current assets as work in progress and is stated at the lower of cost and net realisable value. Cost comprises the purchase cost of land and buildings, development expenditure and interest costs  directly related to financing the acquisition, construction, or development of land and property.
1.3. 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2
2
3. Stocks
30 November 2023
£
Stock 2,228,466
4. Debtors
30 November 2023
£
Due within one year
Other debtors 18,108
18,108
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
30 November 2023
£
Trade creditors 4,026
Other creditors 29,355
Taxation and social security 8,105
41,486
6. Creditors: Amounts Falling Due After More Than One Year
30 November 2023
£
Other creditors 2,425,928
2,425,928
7. Share Capital
30 November 2023
£
Allotted, Called up and fully paid 100
8. General Information
Frilford Development Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14466411 . The registered office is Unit 1c Eagle Industrial Estate, Church Green, Witney, Oxfordshire, OX28 4YR.
Page 3