Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 1 April 2022 true No description of principal activity 1 April 2023 31 March 2024 31 March 2024 00323313 Ian Dixon Albert Beale Glyn Carter Andrew Rigby Marwan Darweish Carol Rank iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00323313 2023-03-31 00323313 2024-03-31 00323313 2023-04-01 2024-03-31 00323313 frs-core:CurrentFinancialInstruments 2024-03-31 00323313 frs-core:ComputerEquipment 2024-03-31 00323313 frs-core:ComputerEquipment 2023-04-01 2024-03-31 00323313 frs-core:ComputerEquipment 2023-03-31 00323313 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 00323313 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00323313 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 00323313 frs-core:OtherReservesSubtotal 2024-03-31 00323313 frs-core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 00323313 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 00323313 frs-bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 00323313 frs-bus:FullAccounts 2023-04-01 2024-03-31 00323313 frs-bus:SmallEntities 2023-04-01 2024-03-31 00323313 frs-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 00323313 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 00323313 frs-bus:SmallCompaniesRegimeForDirectorsReport 2023-04-01 2024-03-31 00323313 frs-core:UnlistedNon-exchangeTraded 2024-03-31 00323313 frs-core:UnlistedNon-exchangeTraded 2023-03-31 00323313 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 00323313 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 00323313 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 00323313 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 00323313 frs-bus:Director1 2023-04-01 2024-03-31 00323313 frs-bus:Director2 2023-04-01 2024-03-31 00323313 frs-bus:Director3 2023-04-01 2024-03-31 00323313 frs-bus:Director4 2023-04-01 2024-03-31 00323313 frs-bus:Director5 2023-04-01 2024-03-31 00323313 frs-bus:Director5 2024-03-31 00323313 frs-bus:Director6 2023-04-01 2024-03-31 00323313 frs-bus:Director6 2024-03-31 00323313 frs-bus:Director7 2023-04-01 2024-03-31 00323313 frs-bus:Director7 2024-03-31 00323313 frs-bus:Director8 2023-04-01 2024-03-31 00323313 frs-bus:Director8 2024-03-31 00323313 frs-bus:Director9 2023-04-01 2024-03-31 00323313 frs-bus:Director9 2024-03-31 00323313 frs-bus:Director10 2023-04-01 2024-03-31 00323313 frs-bus:Director10 2024-03-31 00323313 frs-bus:Director11 2023-04-01 2024-03-31 00323313 frs-bus:Director11 2024-03-31 00323313 1 2023-04-01 2024-03-31 00323313 frs-countries:EnglandWales 2023-04-01 2024-03-31 00323313 2022-03-31 00323313 2023-03-31 00323313 2022-04-01 2023-03-31 00323313 frs-core:CurrentFinancialInstruments 2023-03-31 00323313 frs-core:OtherReservesSubtotal 2022-03-31 00323313 frs-core:OtherReservesSubtotal 2023-03-31 00323313 frs-core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 00323313 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-03-31 00323313 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 00323313 1 2022-04-01 2023-03-31
Registered number: 00323313
Peacenews Trustees Limited
Directors' Report and
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Company Information 1
Directors' Report 2—3
Accountant's Report 4
Income and Expenditure Account 5
Balance Sheet 6—7
Statement of Changes in Equity 8
Notes to the Financial Statements 9—11
Page 1
Company Information
Directors Ian Dixon
Albert Beale
Glyn Carter
Andrew Rigby
Marwan Darweish
Carol Rank
Company Number 00323313
Registered Office 5 Caledonian Rd
London
N1 9DX
Accountants Third Sector Accountancy Limited
Chartered Accountants and Registered Auditors
Holyoake House
Hanover Street
Manchester
M60 0AS
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 31 March 2024.
Directors
The directors who held office during the year were as follows:
Ian Dixon
Claire Poyner Resigned 18/08/2024
Albert Beale
Alice Kadel Resigned 16/06/2023
Leslie Barson Resigned 18/08/2024
Glyn Carter
Nik Gorecki Resigned 18/08/2024
Andrew Rigby
Stephen Blunden Resigned 16/06/2023
Marwan Darweish Appointed 20/08/2024
Carol Rank Appointed 20/08/2024
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 2
Page 3
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Glyn Carter
Director
24/12/2024
Page 3
Page 4
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Peacenews Trustees Limited For The Year Ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Peacenews Trustees Limited For The Year Ended 31 March 2024 which comprise the Income and Expenditure Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Peacenews Trustees Limited , as a body, in accordance with the terms of our engagement letter dated 30 August 2019. Our work has been undertaken solely to prepare for your approval the accounts of Peacenews Trustees Limited and state those matters that we have agreed to state to the directors of Peacenews Trustees Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Peacenews Trustees Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Peacenews Trustees Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Peacenews Trustees Limited . You consider that Peacenews Trustees Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Peacenews Trustees Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
06/01/2025
Third Sector Accountancy Limited
Chartered Accountants and Registered Auditors
Holyoake House
Hanover Street
Manchester
M60 0AS
Page 4
Page 5
Income and Expenditure Account
2024 2023
Notes £ £
TURNOVER 49,608 39,185
Cost of sales (13,783 ) (25,016 )
GROSS SURPLUS 35,825 14,169
Administrative expenses (6,739 ) (4,610 )
OPERATING SURPLUS 29,086 9,559
Exceptional items (5,467) (100,000)
Deficit on revaluation of investments - (17,176 )
Other interest receivable and similar income 1,250 183
SURPLUS/(DEFICIT) BEFORE TAXATION 24,869 (107,434 )
Tax on Surplus/(deficit) (30,997 ) (24,031 )
DEFICIT AFTER TAXATION BEING DEFICIT FOR THE FINANCIAL YEAR (6,128 ) (131,465 )
The notes on pages 9 to 11 form part of these financial statements.
Page 5
Page 6
Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 65,986 65,986
Investments 5 29 29
66,015 66,015
CURRENT ASSETS
Debtors 6 233,377 227,985
Investments 7 - 88,592
Cash at bank and in hand 107,892 37,185
341,269 353,762
Creditors: Amounts Falling Due Within One Year 8 (12,333 ) (95,738 )
NET CURRENT ASSETS (LIABILITIES) 328,936 258,024
TOTAL ASSETS LESS CURRENT LIABILITIES 394,951 324,039
NET ASSETS 394,951 324,039
RESERVES
Other reserves 108,340 31,300
Income and Expenditure Account 286,611 292,739
MEMBERS' FUNDS 394,951 324,039
Page 6
Page 7
For the year ending 31 March 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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Glyn Carter
Director
04/01/2025
The notes on pages 9 to 11 form part of these financial statements.
Page 7
Page 8
Statement of Changes in Equity
Other reserves Income and Expenditure Account Total
£ £ £
As at 1 April 2022 31,300 424,204 455,504
Loss for the year and total comprehensive income - (131,465 ) (131,465)
As at 31 March 2023 and 1 April 2023 31,300 292,739 324,039
Loss for the year and total comprehensive income - (6,128 ) (6,128)
Movements in other reserves 77,040 - 77,040
As at 31 March 2024 108,340 286,611 394,951
Page 8
Page 9
Notes to the Financial Statements
1. General Information
Peacenews Trustees Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 00323313 . The registered office is 5 Caledonian Rd, London, N1 9DX.
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 derived from property rental income and related services.

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. 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:
Freehold 0% - no depreciation
Computer Equipment 25% straight-line depreciation
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus 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 surplus. 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 surplus 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 surplus will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 9
Page 10
2.4. 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 surplus or deficit, 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: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 65,986 2,600 68,586
As at 31 March 2024 65,986 2,600 68,586
Depreciation
As at 1 April 2023 - 2,600 2,600
As at 31 March 2024 - 2,600 2,600
Net Book Value
As at 31 March 2024 65,986 - 65,986
As at 1 April 2023 65,986 - 65,986
5. Investments
Unlisted
£
Cost
As at 1 April 2023 29
As at 31 March 2024 29
Provision
As at 1 April 2023 -
As at 31 March 2024 -
...CONTINUED
Page 10
Page 11
Net Book Value
As at 31 March 2024 29
As at 1 April 2023 29
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,235 -
Amounts owed by subsidiaries 232,142 227,985
233,377 227,985
7. Current Asset Investments
2024 2023
£ £
Listed investments - 88,592
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 12,333 18,698
Amounts owed to subsidiaries - 77,040
12,333 95,738
9. Related Party Transactions
The company made an interest free loan to its subsidiary Housmans Bookshop Ltd and after adjustments for group tax relief, the total loan outstanding at the year end was £154,838.
The company made an interest free loan to its subsidiary company Peace News Limited of £77,304 (2023: £73,147).
The company made a grant payment of £661 to Housmans Peace Resource, a not-for-profit project operated by one of the directors of Peacenews Trustees Limited.
In March 2019 a legacy of £77,040 was received which was treated as owed to Peace News Limited. This amount has now been taken to reserves as a contribution to equity.
10. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 11