Acorah Software Products - Accounts Production 16.1.200 false true true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 01300064 Ursula Bunbury Gregory Brandman Ronnie Sarkar Michael Kilbane Michel Creppy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01300064 2023-09-30 01300064 2024-09-30 01300064 2023-10-01 2024-09-30 01300064 frs-core:CurrentFinancialInstruments 2024-09-30 01300064 frs-core:Non-currentFinancialInstruments 2024-09-30 01300064 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 01300064 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01300064 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 01300064 frs-core:PlantMachinery 2024-09-30 01300064 frs-core:PlantMachinery 2023-10-01 2024-09-30 01300064 frs-core:PlantMachinery 2023-09-30 01300064 frs-core:OtherReservesSubtotal 2024-09-30 01300064 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 01300064 frs-bus:CompanyLimitedByGuarantee 2023-10-01 2024-09-30 01300064 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 01300064 frs-bus:SmallEntities 2023-10-01 2024-09-30 01300064 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 01300064 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 01300064 frs-bus:Director1 2023-10-01 2024-09-30 01300064 frs-bus:Director2 2023-10-01 2024-09-30 01300064 frs-bus:Director3 2023-10-01 2024-09-30 01300064 frs-bus:Director4 2023-10-01 2024-09-30 01300064 frs-bus:Director5 2023-10-01 2024-09-30 01300064 frs-core:CurrentFinancialInstruments 5 2024-09-30 01300064 frs-countries:EnglandWales 2023-10-01 2024-09-30 01300064 2022-09-30 01300064 2023-09-30 01300064 2022-10-01 2023-09-30 01300064 frs-core:CurrentFinancialInstruments 2023-09-30 01300064 frs-core:Non-currentFinancialInstruments 2023-09-30 01300064 frs-core:OtherReservesSubtotal 2023-09-30 01300064 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 01300064 frs-core:CurrentFinancialInstruments 5 2023-09-30
Registered number: 01300064
Termhouse (Park House) Management Limited
Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01300064
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 64,130 67,730
64,130 67,730
CURRENT ASSETS
Debtors 5 2,694 -
Cash at bank and in hand 48,195 32,662
50,889 32,662
Creditors: Amounts Falling Due Within One Year 6 (60,785 ) (65,612 )
NET CURRENT ASSETS (LIABILITIES) (9,896 ) (32,950 )
TOTAL ASSETS LESS CURRENT LIABILITIES 54,234 34,780
Creditors: Amounts Falling Due After More Than One Year 7 (221,136 ) (221,136 )
NET LIABILITIES (166,902 ) (186,356 )
RESERVES
Other reserves 46,130 46,130
Income and Expenditure Account (213,032 ) (232,486 )
MEMBERS' FUNDS (166,902) (186,356)
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For the year ending 30 September 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 Income and Expenditure Account.
On behalf of the board
Michel Creppy
Director
19th November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Termhouse (Park House) Management Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 01300064 . The registered office is Network House, Station Road, Maldon, CM9 4LQ.
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 have identified material uncertainties related to events or conditions that may cast doubt about the company's ability to continue as a going concern, however, as long term creditors will not seek to have their loans repaid, the going concern basis remains appropriate.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable.  Turnover includes revenue earned from rents and lease renewals fees received in the year.
2.4. 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 Land - No depreciation
Plant & Machinery 10% Straight line
2.5. Taxation
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 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 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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 October 2023 46,130 36,000 82,130
As at 30 September 2024 46,130 36,000 82,130
Depreciation
As at 1 October 2023 - 14,400 14,400
Provided during the period - 3,600 3,600
As at 30 September 2024 - 18,000 18,000
Net Book Value
As at 30 September 2024 46,130 18,000 64,130
As at 1 October 2023 46,130 21,600 67,730
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,694 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors - 2,664
Rents in advance 33,977 33,977
Accruals and deferred income 1,560 1,560
Amounts owed to service charge account 25,248 27,411
60,785 65,612
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 221,136 221,136
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8. 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.
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