Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 03041719 Mr Anthony Singlehurst Mrs Beryl Singlehurst iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03041719 2023-04-30 03041719 2024-04-30 03041719 2023-05-01 2024-04-30 03041719 frs-core:CurrentFinancialInstruments 2024-04-30 03041719 frs-core:Non-currentFinancialInstruments 2024-04-30 03041719 frs-core:FurnitureFittings 2024-04-30 03041719 frs-core:FurnitureFittings 2023-05-01 2024-04-30 03041719 frs-core:FurnitureFittings 2023-04-30 03041719 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 03041719 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03041719 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 03041719 frs-core:PlantMachinery 2024-04-30 03041719 frs-core:PlantMachinery 2023-05-01 2024-04-30 03041719 frs-core:PlantMachinery 2023-04-30 03041719 frs-core:RevaluationReserve 2023-04-30 03041719 frs-core:RevaluationReserve 2024-04-30 03041719 frs-core:ShareCapital 2024-04-30 03041719 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 03041719 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03041719 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 03041719 frs-bus:SmallEntities 2023-05-01 2024-04-30 03041719 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03041719 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 03041719 frs-bus:Director1 2023-05-01 2024-04-30 03041719 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 03041719 frs-countries:EnglandWales 2023-05-01 2024-04-30 03041719 2022-04-30 03041719 2023-04-30 03041719 2022-05-01 2023-04-30 03041719 frs-core:CurrentFinancialInstruments 2023-04-30 03041719 frs-core:Non-currentFinancialInstruments 2023-04-30 03041719 frs-core:RevaluationReserve 2023-04-30 03041719 frs-core:ShareCapital 2023-04-30 03041719 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 03041719
Breamwood Properties Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03041719
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 755,327 753,554
755,327 753,554
CURRENT ASSETS
Debtors 5 121 121
Cash at bank and in hand 54,012 90,061
54,133 90,182
Creditors: Amounts Falling Due Within One Year 6 (13,084 ) (45,605 )
NET CURRENT ASSETS (LIABILITIES) 41,049 44,577
TOTAL ASSETS LESS CURRENT LIABILITIES 796,376 798,131
Creditors: Amounts Falling Due After More Than One Year 7 (321,541 ) (321,541 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (48,289 ) (47,952 )
NET ASSETS 426,546 428,638
CAPITAL AND RESERVES
Called up share capital 10 132 132
Revaluation reserve 11 201,548 201,548
Profit and Loss Account 224,866 226,958
SHAREHOLDERS' FUNDS 426,546 428,638
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Anthony Singlehurst
Director
22/01/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Breamwood Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03041719 . The registered office is 100 Church Street, Brighton, East Sussex, BN1 1UJ.
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. 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%
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
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 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.
...CONTINUED
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2.4. Taxation - continued
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 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: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost or Valuation
As at 1 May 2023 750,000 15,959 32,039 797,998
Additions - 3,547 - 3,547
As at 30 April 2024 750,000 19,506 32,039 801,545
Depreciation
As at 1 May 2023 - 12,756 31,688 44,444
Provided during the period - 1,687 87 1,774
As at 30 April 2024 - 14,443 31,775 46,218
Net Book Value
As at 30 April 2024 750,000 5,063 264 755,327
As at 1 May 2023 750,000 3,203 351 753,554
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 121 121
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 12,911 45,605
Taxation and social security 173 -
13,084 45,605
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loan 321,541 321,541
8. Secured Creditors
The bank loan is secured on one of the company's freehold properties.
2024 2023
£ £
Bank loans and overdrafts 321,541 321,541
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 48,289 47,952
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 132 132
11. Reserves
Revaluation Reserve
£
As at 1 May 2023 201,548
As at 30 April 2024 201,548
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