Acorah Software Products - Accounts Production 16.0.110 false true 30 January 2023 31 January 2022 false 31 January 2023 30 January 2024 30 January 2024 11166243 Mr Andrew Hopton Mrs Louise Hopton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11166243 2023-01-30 11166243 2024-01-30 11166243 2023-01-31 2024-01-30 11166243 frs-core:CurrentFinancialInstruments 2024-01-30 11166243 frs-core:Non-currentFinancialInstruments 2024-01-30 11166243 frs-core:ShareCapital 2024-01-30 11166243 frs-core:RetainedEarningsAccumulatedLosses 2024-01-30 11166243 frs-bus:PrivateLimitedCompanyLtd 2023-01-31 2024-01-30 11166243 frs-bus:FilletedAccounts 2023-01-31 2024-01-30 11166243 frs-bus:SmallEntities 2023-01-31 2024-01-30 11166243 frs-bus:AuditExempt-NoAccountantsReport 2023-01-31 2024-01-30 11166243 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-31 2024-01-30 11166243 frs-bus:Director1 2023-01-31 2024-01-30 11166243 frs-bus:Director2 2023-01-31 2024-01-30 11166243 frs-countries:EnglandWales 2023-01-31 2024-01-30 11166243 2022-01-30 11166243 2023-01-30 11166243 2022-01-31 2023-01-30 11166243 frs-core:CurrentFinancialInstruments 2023-01-30 11166243 frs-core:Non-currentFinancialInstruments 2023-01-30 11166243 frs-core:ShareCapital 2023-01-30 11166243 frs-core:RetainedEarningsAccumulatedLosses 2023-01-30
Registered number: 11166243
H3 Developments Ltd
Financial Statements
For The Year Ended 30 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11166243
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 473,478 298,990
473,478 298,990
CURRENT ASSETS
Debtors 5 17,087 -
Cash at bank and in hand 1,131 36,002
18,218 36,002
Creditors: Amounts Falling Due Within One Year 6 (541,806 ) (477,118 )
NET CURRENT ASSETS (LIABILITIES) (523,588 ) (441,116 )
TOTAL ASSETS LESS CURRENT LIABILITIES (50,110 ) (142,126 )
Creditors: Amounts Falling Due After More Than One Year 7 (43,934 ) (45,000 )
NET LIABILITIES (94,044 ) (187,126 )
CAPITAL AND RESERVES
Called up share capital 8 131 131
Profit and Loss Account (94,175 ) (187,257 )
SHAREHOLDERS' FUNDS (94,044) (187,126)
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For the year ending 30 January 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 Andrew Hopton
Director
30th October 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
H3 Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11166243 . The registered office is Dale House, 64 Fink Hill, Horsforth, West Yorkshire, LS18 4DH.
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 discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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. 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: 2 (2023: 4)
2 4
4. Investment Property
2024
£
Fair Value
As at 31 January 2023 298,990
Additions 64,488
Revaluations 110,000
As at 30 January 2024 473,478
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5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by other participating interests 17,087 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,999 1,069
Bank loans and overdrafts 221,833 190,750
Corporation tax (200 ) (200 )
Other creditors 315,973 280,973
Accruals and deferred income 1,200 1,200
Directors' loan accounts 1 -
Amounts owed to other participating interests - 3,326
541,806 477,118
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 43,934 45,000
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 131 131
9. Related Party Transactions
At the balance sheet date, the company was owed £16,672 by H3 Design & Build Ltd a company under common control of the directors (2023: £3,326 creditor).
No other related party transactions were undertaken such as are required to be disclosed under FRS 102 (Section 1A). 
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