Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 00359546 J C Gee M A Gee M A Gee iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00359546 2023-03-31 00359546 2024-03-31 00359546 2023-04-01 2024-03-31 00359546 frs-core:CurrentFinancialInstruments 2024-03-31 00359546 frs-core:Non-currentFinancialInstruments 2024-03-31 00359546 frs-core:FurnitureFittings 2024-03-31 00359546 frs-core:FurnitureFittings 2023-04-01 2024-03-31 00359546 frs-core:FurnitureFittings 2023-03-31 00359546 frs-core:ShareCapital 2024-03-31 00359546 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 00359546 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00359546 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 00359546 frs-bus:SmallEntities 2023-04-01 2024-03-31 00359546 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00359546 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 00359546 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31 00359546 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 00359546 frs-bus:Director1 2023-04-01 2024-03-31 00359546 frs-bus:Director1 2023-03-31 00359546 frs-bus:Director1 2024-03-31 00359546 frs-bus:Director2 2023-04-01 2024-03-31 00359546 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 00359546 frs-countries:EnglandWales 2023-04-01 2024-03-31 00359546 2022-03-31 00359546 2023-03-31 00359546 2022-04-01 2023-03-31 00359546 frs-core:CurrentFinancialInstruments 2023-03-31 00359546 frs-core:Non-currentFinancialInstruments 2023-03-31 00359546 frs-core:ShareCapital 2023-03-31 00359546 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 00359546 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31
Registered number: 00359546
Burford Trust Limited(The)
Unaudited Financial Statements
For The Year Ended 31 March 2024
Sheppards Chartered Accountants
Suite 2.2 My Buro
20 Market Street
Altrincham
Cheshire
WA14 1PF
Unaudited Financial Statements
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors J C Gee
M A Gee
Secretary M A Gee
Company Number 00359546
Registered Office Suite 2.2 My Buro
20 Market Street
Altrincham
Cheshire
WA14 1PF
Accountants Sheppards Chartered Accountants
Suite 2.2 My Buro
20 Market Street
Altrincham
Cheshire
WA14 1PF
Page 1
Page 2
Balance Sheet
Registered number: 00359546
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 52 61
Investment Properties 5 2,945,000 2,300,000
2,945,052 2,300,061
CURRENT ASSETS
Debtors 6 830,811 710,569
Cash at bank and in hand 68,231 76,994
899,042 787,563
Creditors: Amounts Falling Due Within One Year 7 (124,079 ) (121,332 )
NET CURRENT ASSETS (LIABILITIES) 774,963 666,231
TOTAL ASSETS LESS CURRENT LIABILITIES 3,720,015 2,966,292
Creditors: Amounts Falling Due After More Than One Year 8 (413,105 ) (408,783 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (636,755 ) (360,382 )
NET ASSETS 2,670,155 2,197,127
CAPITAL AND RESERVES
Called up share capital 9 5,000 5,000
Fair value reserve 11 1,910,267 1,536,364
Profit and Loss Account 754,888 655,763
SHAREHOLDERS' FUNDS 2,670,155 2,197,127
Page 2
Page 3
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 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
J C Gee
Director
22nd January 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Burford Trust Limited(The) is a private company, limited by shares, incorporated in England & Wales, registered number 00359546 . The registered office is Suite 2.2 My Buro, 20 Market Street, Altrincham, Cheshire, WA14 1PF.
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.
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:
Fixtures & Fittings 15% on a reducing balance
2.4. 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.
2.5. Taxation
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 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 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 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.
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: NIL (2023: NIL)
- -
Page 4
Page 5
4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 1 April 2023 1,853
As at 31 March 2024 1,853
Depreciation
As at 1 April 2023 1,792
Provided during the period 9
As at 31 March 2024 1,801
Net Book Value
As at 31 March 2024 52
As at 1 April 2023 61
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 2,300,000
Disposals (70,000 )
Revaluations 715,000
As at 31 March 2024 2,945,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 19,765 15,498
Amounts owed by group undertakings 285,333 283,833
Other debtors 525,713 411,238
830,811 710,569
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 15,840 11,765
Bank loans and overdrafts 24,526 33,896
Other creditors 65,088 75,754
Taxation and social security 18,625 (83 )
124,079 121,332
Page 5
Page 6
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 413,105 408,783
413,105 408,783
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5,000 5,000
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Jeffrey Gee - 47,865 - - 47,865
The above loan is unsecured, interest free and repayable on demand.
11. Reserves
Fair Value Reserve
£
As at 1 April 2023 1,536,364
Movements in fair value reserve 373,903
As at 31 March 2024 1,910,267
Page 6