Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 04714787 Mr Roger Frederick Fildes Mrs Sarah Louise Fildes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04714787 2023-04-30 04714787 2024-04-30 04714787 2023-05-01 2024-04-30 04714787 frs-core:CurrentFinancialInstruments 2024-04-30 04714787 frs-core:ShareCapital 2024-04-30 04714787 frs-core:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 04714787 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 04714787 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04714787 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 04714787 frs-bus:SmallEntities 2023-05-01 2024-04-30 04714787 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 04714787 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 04714787 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-04-30 04714787 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-04-30 04714787 frs-core:CostValuation 2023-04-30 04714787 frs-core:CostValuation 2024-04-30 04714787 frs-core:ProvisionsForImpairmentInvestments 2023-04-30 04714787 frs-core:ProvisionsForImpairmentInvestments 2024-04-30 04714787 frs-bus:Director1 2023-05-01 2024-04-30 04714787 frs-bus:Director2 2023-05-01 2024-04-30 04714787 frs-countries:EnglandWales 2023-05-01 2024-04-30 04714787 2022-04-30 04714787 2023-04-30 04714787 2022-05-01 2023-04-30 04714787 frs-core:CurrentFinancialInstruments 2023-04-30 04714787 frs-core:ShareCapital 2022-04-30 04714787 frs-core:ShareCapital 2023-04-30 04714787 frs-core:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 04714787 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-04-30 04714787 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 04714787 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-04-30 04714787 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-04-30
Registered number: 04714787
R & S Fildes Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Sempar Accountancy and Tax Limited
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 04714787
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 3 485,000 150,000
Investments 4 2 2
485,002 150,002
CURRENT ASSETS
Debtors 5 19,827 26,929
Cash at bank and in hand 33,394 27,491
53,221 54,420
Creditors: Amounts Falling Due Within One Year 6 (258,660 ) (55,822 )
NET CURRENT ASSETS (LIABILITIES) (205,439 ) (1,402 )
TOTAL ASSETS LESS CURRENT LIABILITIES 279,563 148,600
NET ASSETS 279,563 148,600
CAPITAL AND RESERVES
Called up share capital 7 4 4
Fair Value Reserve 8 119,146 29,565
Profit and Loss Account 160,413 119,031
SHAREHOLDERS' FUNDS 279,563 148,600
Page 1
Page 2
For the year ending 30 April 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 Roger Frederick Fildes
Director
Mrs Sarah Louise Fildes
Director
19 November 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Fair Value Reserve Profit and Loss Account Total
£ £ £ £
As at 1 May 2022 2 27,404 132,263 159,669
Loss for the year and total comprehensive income - - (11,071 ) (11,071)
Arising on shares issued during the period 2 - - 2
Movements in fair value reserve - 2,161 - 2,161
Transfer to/from Fair value reserve - - (2,161) (2,161)
As at 30 April 2023 and 1 May 2023 4 29,565 119,031 148,600
Profit for the year and total comprehensive income - - 130,963 130,963
Movements in fair value reserve - 89,581 - 89,581
Transfer to/from Fair value reserve - - (89,581) (89,581)
As at 30 April 2024 4 119,146 160,413 279,563
Page 3
Page 4
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. Turnover
Rental income

Rental income from investment property is recognised at the fair value of the consideration receivable, net of value added taxes.
1.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Fair value is as per the director. Changes in fair value are recognised in the profit and loss account.
1.4. 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 year 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 asset reflects 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.
1.5. Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements on the basis that the compnay and its subsidiary undertaing comprise a small group as defined by Companies Act 2006.
2. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
Page 4
Page 5
3. Investment Property
2024
£
Fair Value
As at 1 May 2023 150,000
Additions 245,419
Revaluations 89,581
As at 30 April 2024 485,000
2024 2023
£ £
Cost 365,854 120,436
Investment property is recognised at fair value represented by the above. The directors have considered the valuation of the investment properties and in their opinion the revalued amount is in the line with the open market value. Revaluation gains and losses are taken to profit and loss during the year and subsequently transferred to the fair value reserve, net of deferred tax.
4. Investments
Subsidiaries
£
Cost
As at 1 May 2023 2
As at 30 April 2024 2
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 2
As at 1 May 2023 2
Investments represent shares in the wholly owned subsidiary undertaking, Hornbeams Properties Limited, a company incorporated in England & Wales.
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,675 2,675
Other debtors 16,885 16,885
Corporation tax recoverable assets 267 267
Amounts owed by subsidiaries - 7,102
19,827 26,929
Page 5
Page 6
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1,212
Other taxes and social security 4 -
VAT 2,688 1,757
Other creditors 9,129 3,750
Accruals and deferred income 6,206 3,403
Directors' loan accounts 240,633 45,700
258,660 55,822
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
8. Reserves
Fair Value Reserve
£
As at 1 May 2023 29,565
Movements in fair value reserve 89,581
As at 30 April 2024 119,146
Page 6