Acorah Software Products - Accounts Production 16.1.200 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 11156406 Mr Stephen Martin Mr Dennis Martin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11156406 2023-01-31 11156406 2024-01-31 11156406 2023-02-01 2024-01-31 11156406 frs-core:CurrentFinancialInstruments 2024-01-31 11156406 frs-core:Non-currentFinancialInstruments 2024-01-31 11156406 frs-core:ComputerEquipment 2024-01-31 11156406 frs-core:ComputerEquipment 2023-02-01 2024-01-31 11156406 frs-core:ComputerEquipment 2023-01-31 11156406 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 11156406 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 11156406 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-31 11156406 frs-core:ShareCapital 2024-01-31 11156406 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11156406 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11156406 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11156406 frs-bus:SmallEntities 2023-02-01 2024-01-31 11156406 frs-bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 11156406 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11156406 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-01-31 11156406 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-01-31 11156406 frs-bus:Director1 2023-02-01 2024-01-31 11156406 frs-bus:Director2 2023-02-01 2024-01-31 11156406 frs-countries:EnglandWales 2023-02-01 2024-01-31 11156406 2022-01-31 11156406 2023-01-31 11156406 2022-02-01 2023-01-31 11156406 frs-core:CurrentFinancialInstruments 2023-01-31 11156406 frs-core:Non-currentFinancialInstruments 2023-01-31 11156406 frs-core:ShareCapital 2023-01-31 11156406 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 11156406 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-01-31
Registered number: 11156406
Honeybird Investments Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Quest Accounting Services Limited
Suite 110, The Pinnacle
170 Midsummer Boulevard
Milton Keynes
MK9 1FD
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Honeybird Investments Ltd for the year ended year which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the directors of Honeybird Investments Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Honeybird Investments Ltd and state those matters that we have agreed to state to the directors of Honeybird Investments Ltd in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.
It is your duty to ensure that Honeybird Investments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Honeybird Investments Ltd . You consider that Honeybird Investments Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Honeybird Investments Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Signed
Quest Accounting Services Ltd
31st October 2024
Quest Accounting Services Limited
Suite 110, The Pinnacle
170 Midsummer Boulevard
Milton Keynes
MK9 1FD
Page 1
Page 2
Balance Sheet
Registered number: 11156406
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 760,144 705,501
760,144 705,501
CURRENT ASSETS
Debtors 5 5,945 2,871
Cash at bank and in hand 5,708 75,220
11,653 78,091
Creditors: Amounts Falling Due Within One Year 6 (3,287 ) (1,818 )
NET CURRENT ASSETS (LIABILITIES) 8,366 76,273
TOTAL ASSETS LESS CURRENT LIABILITIES 768,510 781,774
Creditors: Amounts Falling Due After More Than One Year 7 (597,409 ) (648,684 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (57,575 ) (43,875 )
NET ASSETS 113,526 89,215
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 172,725 131,625
Profit and Loss Account (59,299 ) (42,510 )
SHAREHOLDERS' FUNDS 113,526 89,215
Page 2
Page 3
For the year ending 31 January 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 Stephen Martin
Director
31st October 2024
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
Honeybird Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11156406 . The registered office is 14 Mayfield Road, London, N8 9LP.
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 Not depreciated
Computer Equipment 25% Straight Line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 February 2023 705,189 626 705,815
Revaluation 54,800 - 54,800
As at 31 January 2024 759,989 626 760,615
Depreciation
As at 1 February 2023 - 314 314
Provided during the period - 157 157
As at 31 January 2024 - 471 471
...CONTINUED
Page 4
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Net Book Value
As at 31 January 2024 759,989 155 760,144
As at 1 February 2023 705,189 312 705,501
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 5,707 2,871
Other taxes and social security 65 -
5,772 2,871
Due after more than one year
Other debtors 173 -
5,945 2,871
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 943 965
Other taxes and social security - 108
Other creditors 1,389 -
Directors' loan accounts 955 745
3,287 1,818
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 428,370 429,161
Other creditors 21,575 22,298
Directors loan account 147,464 197,225
597,409 648,684
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 422,815 422,815
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5
Page 6
10. Reserves
Fair Value Reserve
£
As at 1 February 2023 131,625
Movements in fair value reserve 41,100
As at 31 January 2024 172,725
11. Related Party Transactions
At the balance sheet date, the company owed its Directors £147,464 (2023: £197,225). This loan is unsecured and interest free with no fixed repayment terms..
HB Maintenance Limited 
A company in which the controlling party has an interest.
At the balance sheet date, the company was owed £5,707 (2023: £2,871) from HB Maintenance Limited. This loan is unsecured and interest free with no fixed repayment terms.
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