Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 03335589 Mrs Julia Hunt-Grubbe Mr Robert Hunt-Grubbe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03335589 2023-02-28 03335589 2024-02-28 03335589 2023-03-01 2024-02-28 03335589 frs-core:CurrentFinancialInstruments 2024-02-28 03335589 frs-core:PlantMachinery 2023-03-01 2024-02-28 03335589 frs-core:RevaluationReserve 2023-03-01 2024-02-28 03335589 frs-core:RevaluationReserve 2023-02-28 03335589 frs-core:RevaluationReserve 2024-02-28 03335589 frs-core:SharePremium 2024-02-28 03335589 frs-core:ShareCapital 2024-02-28 03335589 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 03335589 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 03335589 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 03335589 frs-bus:SmallEntities 2023-03-01 2024-02-28 03335589 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 03335589 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 03335589 frs-core:ListedExchangeTraded 2024-02-28 03335589 frs-core:ListedExchangeTraded 2023-02-28 03335589 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-02-28 03335589 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-02-28 03335589 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-02-28 03335589 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-02-28 03335589 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-02-28 03335589 frs-bus:Director1 2023-03-01 2024-02-28 03335589 frs-bus:Director2 2023-03-01 2024-02-28 03335589 frs-countries:EnglandWales 2023-03-01 2024-02-28 03335589 2022-02-28 03335589 2023-02-28 03335589 2022-03-01 2023-02-28 03335589 frs-core:CurrentFinancialInstruments 2023-02-28 03335589 frs-core:RevaluationReserve 2023-02-28 03335589 frs-core:SharePremium 2023-02-28 03335589 frs-core:ShareCapital 2023-02-28 03335589 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 03335589
Resurgam Holdings Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Richardsons
Chartered Accountants
99 London Street
Reading
RG1 4QA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03335589
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 10,170,000 10,170,000
Investments 5 13,713,865 13,301,772
23,883,865 23,471,772
CURRENT ASSETS
Stocks 6 12,650,000 12,650,000
Debtors 7 3,069,902 3,001,693
Cash at bank and in hand 74,289 210,871
15,794,191 15,862,564
Creditors: Amounts Falling Due Within One Year 8 (3,818,113 ) (3,954,088 )
NET CURRENT ASSETS (LIABILITIES) 11,976,078 11,908,476
TOTAL ASSETS LESS CURRENT LIABILITIES 35,859,943 35,380,248
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,501,331 ) (1,501,331 )
NET ASSETS 34,358,612 33,878,917
CAPITAL AND RESERVES
Called up share capital 9 5,000 5,000
Share premium account 556,560 556,560
Revaluation reserve 10 9,683,274 9,576,086
Profit and Loss Account 24,113,778 23,741,271
SHAREHOLDERS' FUNDS 34,358,612 33,878,917
Page 1
Page 2
For the year ending 28 February 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 Julia Hunt-Grubbe
Director
25th November 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Resurgam Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03335589 . The registered office is 99 London Street, Reading, Berkshire, RG1 4QA.
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 value added taxes. Turnover includes revenue earned from Sale of Timber and related forestry income.
2.3. 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:
Plant & Machinery 25% straight line
2.4. 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. Changes in fair value are recognised in the profit and loss account.
2.5. Stocks and Work in Progress
Stocks and work in progress were valued at the year end by an independent local valuer. The value of the timber is estimated at £12.65 million.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. 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.
...CONTINUED
Page 3
Page 4
2.7. Taxation - continued
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.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.9. Listed Investments
All investments are carried at fair value determined annually, adjusted if necessary for any difference in market value. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Investment Property
2024
£
Fair Value
As at 1 March 2023 and 28 February 2024 10,170,000
Page 4
Page 5
5. Investments
Listed
£
Cost
As at 1 March 2023 13,301,772
Revaluations 412,093
As at 28 February 2024 13,713,865
Provision
As at 1 March 2023 -
As at 28 February 2024 -
Net Book Value
As at 28 February 2024 13,713,865
As at 1 March 2023 13,301,772
6. Stocks
2024 2023
£ £
Stock 12,650,000 12,650,000
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 3,069,902 3,001,693
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax (7,575 ) -
Accruals and deferred income 38,250 38,250
Directors' loan accounts 3,787,438 3,915,838
3,818,113 3,954,088
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5,000 5,000
Page 5
Page 6
10. Reserves
Revaluation Reserve
£
As at 1 March 2023 9,576,086
Surplus on revaluation 107,188
As at 28 February 2024 9,683,274
11. Post Balance Sheet Events
The loan to Eastwell Properties Ltd of £3,000,624 has not been written off as it is considered by the director's to still be recoverable in some form, despite doubt about the projects financial future.
12. Related Party Transactions
Balances owed to related parties total £3,718,761 (2023 - owed to £4,357,983). 
Page 6