Acorah Software Products - Accounts Production 16.0.110 false true 25 November 2023 26 November 2022 false 26 November 2023 25 November 2024 25 November 2024 03471423 Mrs Claire Lanfranchi Miss Ophelia Lanfranchi Miss Antonia Lanfranchi Miss Mimi Lanfranchi Mrs Claire Lanfranchi true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03471423 2023-11-25 03471423 2024-11-25 03471423 2023-11-26 2024-11-25 03471423 frs-core:CurrentFinancialInstruments 2024-11-25 03471423 frs-core:FurnitureFittings 2024-11-25 03471423 frs-core:FurnitureFittings 2023-11-26 2024-11-25 03471423 frs-core:FurnitureFittings 2023-11-25 03471423 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-26 2024-11-25 03471423 frs-core:PlantMachinery 2024-11-25 03471423 frs-core:PlantMachinery 2023-11-26 2024-11-25 03471423 frs-core:PlantMachinery 2023-11-25 03471423 frs-core:ShareCapital 2024-11-25 03471423 frs-core:RetainedEarningsAccumulatedLosses 2024-11-25 03471423 frs-bus:PrivateLimitedCompanyLtd 2023-11-26 2024-11-25 03471423 frs-bus:FilletedAccounts 2023-11-26 2024-11-25 03471423 frs-bus:SmallEntities 2023-11-26 2024-11-25 03471423 frs-bus:AuditExempt-NoAccountantsReport 2023-11-26 2024-11-25 03471423 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-26 2024-11-25 03471423 1 2023-11-26 2024-11-25 03471423 frs-bus:Director1 2023-11-26 2024-11-25 03471423 frs-bus:Director2 2023-11-26 2024-11-25 03471423 frs-bus:Director3 2023-11-26 2024-11-25 03471423 frs-bus:Director4 2023-11-26 2024-11-25 03471423 frs-countries:EnglandWales 2023-11-26 2024-11-25 03471423 2022-11-25 03471423 2023-11-25 03471423 2022-11-26 2023-11-25 03471423 frs-core:CurrentFinancialInstruments 2023-11-25 03471423 frs-core:ShareCapital 2023-11-25 03471423 frs-core:RetainedEarningsAccumulatedLosses 2023-11-25
Registered number: 03471423
Hayley Limited
Financial Statements
For The Year Ended 25 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03471423
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,329 3,693
Investment Properties 5 857,400 857,000
860,729 860,693
CURRENT ASSETS
Debtors 6 249 251
Cash at bank and in hand 61,652 67,520
61,901 67,771
Creditors: Amounts Falling Due Within One Year 7 (4,221 ) (6,477 )
NET CURRENT ASSETS (LIABILITIES) 57,680 61,294
TOTAL ASSETS LESS CURRENT LIABILITIES 918,409 921,987
PROVISIONS FOR LIABILITIES
Deferred Taxation (90,136 ) (90,136 )
NET ASSETS 828,273 831,851
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 828,271 831,849
SHAREHOLDERS' FUNDS 828,273 831,851
Page 1
Page 2
For the year ending 25 November 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 Claire Lanfranchi
Director
27/11/2024
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
Hayley Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03471423 . The registered office is 32 Southdean Gardens, London, SW19 6NU.
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 the amount derived from rental income and is recognised when due.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the following rates calculated to write off the cost of the fixed assets, less their estimated residual value, of each asset on a reducing basis over its expected useful life:
Leasehold 0%
Plant & Machinery 20% on reducing balance
Fixtures & Fittings 20% on reducing balance
2.4. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their market value.

As required by FRS 102 (1A) any unrealised gains or losses on investment properties as a result of fluctuations in their market value are taken to the income statement.
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 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.
...CONTINUED
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2.5. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 3 3
3 3
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 26 November 2023 6,390 5,414 11,804
Additions 468 - 468
As at 25 November 2024 6,858 5,414 12,272
Depreciation
As at 26 November 2023 2,748 5,363 8,111
Provided during the period 822 10 832
As at 25 November 2024 3,570 5,373 8,943
Net Book Value
As at 25 November 2024 3,288 41 3,329
As at 26 November 2023 3,642 51 3,693
Investment properties are recorded in the Financial Statements at their estimated open market values based on a valuation undertaken by the Directors as at 25 November 2024.
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5. Investment Property
2024
£
Fair Value
As at 26 November 2023 857,000
Additions 400
As at 25 November 2024 857,400
6. Debtors
2024 2023
£ £
Due within one year
Other taxes and social security 249 202
Directors' loan accounts - 49
249 251
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1 )
Corporation tax - 1,142
Net wages 600 1,148
Other creditors 1,250 2,500
Accruals and deferred income 1,123 1,063
Directors' loan accounts 1,248 625
4,221 6,477
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Ultimate Controlling Party
The Company's controlling party by virtue of ownership of 100% of shares is Mrs Claire Lanfranchi.
Page 5