Acorah Software Products - Accounts Production 16.0.110 false true true 31 March 2023 1 April 2022 false 27 November 2024 1 April 2023 31 March 2024 31 March 2024 08415092 Mr Christopher Kraft Mr Jon Treharne OCM Luxembourg EPF V S.a.r.l (address 26A Boulevard Royal, 2449, Luxembourg). true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08415092 2023-03-31 08415092 2024-03-31 08415092 2023-04-01 2024-03-31 08415092 frs-core:CurrentFinancialInstruments 2024-03-31 08415092 frs-core:FurnitureFittings 2024-03-31 08415092 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08415092 frs-core:FurnitureFittings 2023-03-31 08415092 frs-core:NetGoodwill 2024-03-31 08415092 frs-core:NetGoodwill 2023-04-01 2024-03-31 08415092 frs-core:NetGoodwill 2023-03-31 08415092 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 08415092 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 08415092 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 08415092 frs-core:MotorVehicles 2024-03-31 08415092 frs-core:MotorVehicles 2023-04-01 2024-03-31 08415092 frs-core:MotorVehicles 2023-03-31 08415092 frs-core:PlantMachinery 2024-03-31 08415092 frs-core:PlantMachinery 2023-04-01 2024-03-31 08415092 frs-core:PlantMachinery 2023-03-31 08415092 frs-core:WithinOneYear 2024-03-31 08415092 frs-core:ShareCapital 2024-03-31 08415092 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08415092 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08415092 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08415092 frs-bus:SmallEntities 2023-04-01 2024-03-31 08415092 frs-bus:Audited 2023-04-01 2024-03-31 08415092 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08415092 1 2023-04-01 2024-03-31 08415092 frs-bus:Director1 2023-04-01 2024-03-31 08415092 frs-bus:Director1 2023-03-31 08415092 frs-bus:Director1 2024-03-31 08415092 frs-bus:Director2 2023-04-01 2024-03-31 08415092 frs-countries:EnglandWales 2023-04-01 2024-03-31 08415092 2022-03-31 08415092 2023-03-31 08415092 2022-04-01 2023-03-31 08415092 frs-core:CurrentFinancialInstruments 2023-03-31 08415092 frs-core:BetweenOneFiveYears 2023-03-31 08415092 frs-core:WithinOneYear 2023-03-31 08415092 frs-core:ShareCapital 2023-03-31 08415092 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08415092
Shore Financial Planning (Plymouth) Limited
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: 08415092
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,524 19,864
2,524 19,864
CURRENT ASSETS
Debtors 6 11,799 113,115
Investments 7 - 23,172
Cash at bank and in hand 521,606 299,537
533,405 435,824
Creditors: Amounts Falling Due Within One Year 8 (41,143 ) (40,408 )
NET CURRENT ASSETS (LIABILITIES) 492,262 395,416
TOTAL ASSETS LESS CURRENT LIABILITIES 494,786 415,280
NET ASSETS 494,786 415,280
CAPITAL AND RESERVES
Called up share capital 9 103 103
Profit and Loss Account 494,683 415,177
SHAREHOLDERS' FUNDS 494,786 415,280
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 Jon Treharne
Director
27 November 2024
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Shore Financial Planning (Plymouth) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08415092 . The registered office is 2nd Floor, 5 Hatfields 5 Hatfields (Alto), London, SE1 9PG.
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. Going Concern Disclosure
The directors believe that the going concern basis is not appropriate as the company ceased trading within the year.
2.3. 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 rendering of services.  
2.4. 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 20 years.Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2.5. 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:
Leasehold 20% straight line
Plant & Machinery 25% reducing balance
Motor Vehicles 25% straight line
Fixtures & Fittings 25% straight line
2.6. 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 9)
10 9
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 135,000
As at 31 March 2024 135,000
Amortisation
As at 1 April 2023 135,000
As at 31 March 2024 135,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2023 39,175 28,217 16,817 22,404 106,613
Disposals - (28,217 ) - - (28,217 )
As at 31 March 2024 39,175 - 16,817 22,404 78,396
Depreciation
As at 1 April 2023 33,596 18,442 12,612 22,099 86,749
Provided during the period 4,183 1,833 3,153 229 9,398
Disposals - (20,275 ) - - (20,275 )
As at 31 March 2024 37,779 - 15,765 22,328 75,872
Net Book Value
As at 31 March 2024 1,396 - 1,052 76 2,524
As at 1 April 2023 5,579 9,775 4,205 305 19,864
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 86,896
Other debtors 11,799 26,219
11,799 113,115
Page 3
Page 4
7. Current Asset Investments
2024 2023
£ £
Unlisted investments - 23,172
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (101 ) -
Other creditors 13,721 3,571
Taxation and social security 27,523 36,837
41,143 40,408
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 103 103
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 22,942 26,500
Later than one year and not later than five years - 22,942
22,942 49,442
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Jon Treharne 19,409 102,790 122,199 - -
The above loan was unsecured, interest free and repayable on demand.
12. Related Party Transactions
The Comany is exempt from disclosing related party transactions as they are with other companies that are wholly owned within the EPF V UK Wealth Topco Jersey Limited Group.
13. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
Page 4
Page 5
14. Ultimate Controlling Party
During the year the entire share capital of the company was sold to Atomos Financial Planning Holdings Limited. 
The company's ultimate controlling party is OCM Luxembourg EPF V S.a.r.l (address 26A Boulevard Royal, 2449, Luxembourg).
The immediate parent undertaking and the smallest Group to consolidate these financial statements is Atomos Financial Planning Holdings Limited, which is incorpoated and registered in the United Kingdom.
15. Audit Information
The auditors report on the account of Shore Financial Planning (Plymouth) Limited for the year ended 31 March 2024 was unqualified
The auditors emphasised the following matter without qualifying their report:
We draw your attention to Note2.2 to the financial statements which explains that the directors intend to liquidate the company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in Note 2.2. Our opinion is not modified in respect of this matter. 
The auditor's report was signed by John Hillier (Senior Statutory Auditor) for and on behalf of Houndiscombe Consultants Limited , Statutory Auditor
Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
Page 5