Acorah Software Products - Accounts Production 16.1.300 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 08098734 Mr Antony Hodari Mr Anthony Pope Mr Stephen Lund Mrs Emma Rees Antony Hodari true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08098734 2023-10-31 08098734 2024-10-31 08098734 2023-11-01 2024-10-31 08098734 frs-core:CurrentFinancialInstruments 2024-10-31 08098734 frs-core:Non-currentFinancialInstruments 2024-10-31 08098734 frs-core:SharePremium 2024-10-31 08098734 frs-core:ShareCapital 2024-10-31 08098734 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 08098734 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08098734 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 08098734 frs-bus:SmallEntities 2023-11-01 2024-10-31 08098734 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 08098734 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 08098734 1 2023-11-01 2024-10-31 08098734 frs-core:UnlistedNon-exchangeTraded 2024-10-31 08098734 frs-core:UnlistedNon-exchangeTraded 2023-10-31 08098734 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-10-31 08098734 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-10-31 08098734 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-10-31 08098734 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-10-31 08098734 frs-bus:Director1 2023-11-01 2024-10-31 08098734 frs-bus:Director2 2023-11-01 2024-10-31 08098734 frs-bus:Director3 2023-11-01 2024-10-31 08098734 frs-bus:Director4 2023-11-01 2024-10-31 08098734 frs-core:CurrentFinancialInstruments 1 2024-10-31 08098734 frs-core:Non-currentFinancialInstruments 1 2024-10-31 08098734 frs-core:CurrentFinancialInstruments 2 2024-10-31 08098734 frs-countries:EnglandWales 2023-11-01 2024-10-31 08098734 2022-10-31 08098734 2023-10-31 08098734 2022-11-01 2023-10-31 08098734 frs-core:CurrentFinancialInstruments 2023-10-31 08098734 frs-core:Non-currentFinancialInstruments 2023-10-31 08098734 frs-core:SharePremium 2023-10-31 08098734 frs-core:ShareCapital 2023-10-31 08098734 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 08098734 frs-core:CurrentFinancialInstruments 1 2023-10-31 08098734 frs-core:Non-currentFinancialInstruments 1 2023-10-31 08098734 frs-core:CurrentFinancialInstruments 2 2023-10-31
Registered number: 08098734
Antony Hodari Holdings Limited
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 08098734
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 2 2
2 2
CURRENT ASSETS
Debtors 5 6,073,545 4,282,245
Cash at bank and in hand 1 1
6,073,546 4,282,246
Creditors: Amounts Falling Due Within One Year 6 (2,366,068 ) (2,049,491 )
NET CURRENT ASSETS (LIABILITIES) 3,707,478 2,232,755
TOTAL ASSETS LESS CURRENT LIABILITIES 3,707,480 2,232,757
Creditors: Amounts Falling Due After More Than One Year 7 (11,197,264 ) (11,500,666 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (10,000 ) (25,600 )
NET LIABILITIES (7,499,784 ) (9,293,509 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Share premium account 22,000 -
Income Statement (7,521,785 ) (9,293,510 )
SHAREHOLDERS' FUNDS (7,499,784) (9,293,509)
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For the year ending 31 October 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 Statement.
On behalf of the board
Mr Anthony Pope
Director
20 January 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Antony Hodari Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08098734 . The registered office is 83 Fountain Street, Manchester, M2 2EE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

2.2. Going Concern Disclosure
The financial statements have been prepared using the going concern basis in accordance with FRS 102.
Although the company has significant net liabilities, the most significant creditors are Antony Hodari (who owns 100% of the shares in the company) and related parties owned/controlled by him. Assurances have been provided by Antony Hodari that repayment of these creditors will only be made when circumstances allow and the company can sustain such repayments.
As a result the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
2.3. Turnover
The turnover represents professional fees. Professional fees comprise amounts invoiced or billable to clients for professional services provided during the year, excluding value added tax. The vast majority of income is contingent on the occurrence of a specified future event, either the award of damages to clients when cases are won or agreement of fees with the defendant or defendant's representatives, and turnover is only recognised where that contingency has been resolved at the year end.
For all cases where the relevant contingency has been resolved and a fee agreed with the defendant or the defendant's representatives, the agreed fee is invoiced and recognised in turnover. In addition, for claims where damages have been awarded but no fee agreed, an estimate is made of the likely recoverable amount and included within turnover and debtors.
2.4. Tangible Fixed Assets and Depreciation
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. 
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2.5. Financial Instruments
The Company only enters into basic financial instruments transactions that result in the recognition of the financial asset and liability classifications used in the Statement of Financial Position.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the year end.
Basic financial liabilities, including trade and other creditors, bank loans, bank overdrafts and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Financial assets and liabilities are offset and the net amount reported when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.6. Taxation
Tax is recognised in the Income Statement, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case the tax is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates that have been enacted or substantively enacted by the year end date.
2.7. Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.8. Equity instruments
Equity instruments issued by the company are recorded at the fair value of proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2.9. Provisions
Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision in measured at present value the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
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2.10. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
The average number of employees, excluding directors, during the year was: NIL (2023: NIL)
- -
4. Investments
Unlisted
£
Cost
As at 1 November 2023 2
As at 31 October 2024 2
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 2
As at 1 November 2023 2
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,196,430 937,021
Prepayments and accrued income 224,225 197,605
Disbursement Debtors 2,528,221 1,517,619
WIP - Settled Files 1,586,000 1,296,000
Deferred tax current asset 145,000 87,000
Amounts owed by subsidiaries 207,469 -
5,887,345 4,035,245
Due after more than one year
Deferred tax non current asset 186,200 247,000
6,073,545 4,282,245
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,114,740 1,163,484
Bank loans and overdrafts 105,680 147,272
Other taxes and social secuirty 67,967 368,822
Accruals and deferred income 77,681 119,913
Amounts owed to related parties - 250,000
2,366,068 2,049,491
The related party loan incurs interest at 5% and has resulted in a charge of £7,009 in the year (2023: £23,857)
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Related Party Loans 5,598,053 5,657,005
Directors loan account 5,599,211 5,843,661
11,197,264 11,500,666
The Related Party Loans, which are interest free and owed to entities owned/controlled by Antony Hodari, have not been discounted as they are due for repayment on 1 November 2025.
The Directors’ loan account, which is interest free, comprises amounts due to Antony Hodari.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Contingent Liabilities
A group cross guarantee exists over the company with a legal charge dated 2 September 2022 in favour of HSBC UK Bank plc which contains a fiixed and floating charge over all assets of the group. The maximum liability at 31 October 2024 was £126,527 (2023: £147,272).
10. Related Party Transactions
During the year these related to transactions with entities controlled or owned by Antony Hodari.
Entities controlled by Antony Hodari
During the financial year net loan repayments totalled £308,952 (2023 : net loan repayments £499,777)
The total amount owed at 31 October 2024 is £4,357,791 (2023 : £4,666,743)
The above loans are unsecured and interest free.
Entities owned by Antony Hodari
During the financial year net loans advanced totalled £Nil (2023: £Nil)
The total amount owed at 31 October 2024 is £1,240,262 (2023 : £1,240,262)
The above loans are unsecured and interest free.
11. Ultimate Controlling Party
The company's ultimate controlling party at 31 October 2024 was Antony Hodari by virtue of his ownership of 100% of the voting shares in the company.
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