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 11294080 Mr Terence Hopley Mr Benjamin Morgan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11294080 2023-04-30 11294080 2024-04-30 11294080 2023-05-01 2024-04-30 11294080 frs-core:CurrentFinancialInstruments 2024-04-30 11294080 frs-core:ShareCapital 2024-04-30 11294080 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 11294080 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11294080 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 11294080 frs-bus:SmallEntities 2023-05-01 2024-04-30 11294080 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11294080 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11294080 frs-bus:Director1 2023-05-01 2024-04-30 11294080 frs-bus:Director2 2023-05-01 2024-04-30 11294080 frs-countries:EnglandWales 2023-05-01 2024-04-30 11294080 2022-04-30 11294080 2023-04-30 11294080 2022-05-01 2023-04-30 11294080 frs-core:CurrentFinancialInstruments 2023-04-30 11294080 frs-core:ShareCapital 2023-04-30 11294080 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 11294080
Hopley Morgan Developments Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11294080
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 5 822,786 1,438,567
Cash at bank and in hand 1,312 25,121
824,098 1,463,688
Creditors: Amounts Falling Due Within One Year 6 (629,966 ) (1,324,370 )
NET CURRENT ASSETS (LIABILITIES) 194,132 139,318
TOTAL ASSETS LESS CURRENT LIABILITIES 194,132 139,318
NET ASSETS 194,132 139,318
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 194,032 139,218
SHAREHOLDERS' FUNDS 194,132 139,318
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 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
Mr Terence Hopley
Director
Mr Benjamin Morgan
Director
21/01/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Hopley Morgan Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11294080 . The registered office is 1 Suffolk Square, Cheltenham, GL50 2DR.
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
The company's turnover arises from construction contracts.  Where it is considered that the outcome of a long-term contract can be assessed with reasonable certainty before its conclusion, the prudently calculated attributable profit shall be recognised in the profit and loss account as the difference between the reported turnover and related costs for that contract. 
The amount by which recorded turnover is in excess of payments on account is recorded in debtors as ‘amounts recoverable on contracts’.
The amount of long-term contracts, at costs incurred, net of amounts transferred to cost of sales, after deducting foreseeable losses and payments on account not matched with turnover, as ‘long-term contract balances’ is disclosed within the balance sheet heading ‘stocks’
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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. Stocks
2024 2023
£ £
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Amounts recoverable on contracts 820,000 1,437,920
VAT 2,786 647
822,786 1,438,567
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2 (1 )
Corporation tax 14,700 33,709
Other taxes and social security 2,998 -
Other creditors 607,750 1,189,436
Accruals and deferred income 4,500 1,260
Directors' loan accounts - 99,966
Amounts owed to related parties 16 -
629,966 1,324,370
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
Within creditors is an amount of £607,750 (2023; 989,435) owed to Bentham Country Club Limited, company registered in England & Wales, registration number 02426838.
Bentham Country Club Limited is a company co-owned by Mr Terry Hopley acting as a company director and a person of significant control. 
The above loan bears annual interest set at 4% per annum. The loan is repayable in full at the point of sale of a second property as stated in loan agreement. 
Page 3