Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 11412775 Mr Gabriel Chipperfield Mr Thomas Gidley Mr Matthew Slotover iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11412775 2023-06-30 11412775 2024-06-30 11412775 2023-07-01 2024-06-30 11412775 frs-core:CurrentFinancialInstruments 2024-06-30 11412775 frs-core:Non-currentFinancialInstruments 2024-06-30 11412775 frs-core:ComputerEquipment 2024-06-30 11412775 frs-core:ComputerEquipment 2023-07-01 2024-06-30 11412775 frs-core:ComputerEquipment 2023-06-30 11412775 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 11412775 frs-core:FurnitureFittings 2024-06-30 11412775 frs-core:FurnitureFittings 2023-07-01 2024-06-30 11412775 frs-core:FurnitureFittings 2023-06-30 11412775 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 11412775 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 11412775 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-30 11412775 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 11412775 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11412775 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 11412775 frs-core:OtherResidualIntangibleAssets 2024-06-30 11412775 frs-core:OtherResidualIntangibleAssets 2023-07-01 2024-06-30 11412775 frs-core:OtherResidualIntangibleAssets 2023-06-30 11412775 frs-core:PlantMachinery 2024-06-30 11412775 frs-core:PlantMachinery 2023-07-01 2024-06-30 11412775 frs-core:PlantMachinery 2023-06-30 11412775 frs-core:ShareCapital 2024-06-30 11412775 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 11412775 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11412775 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 11412775 frs-bus:SmallEntities 2023-07-01 2024-06-30 11412775 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11412775 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11412775 frs-bus:Director1 2023-07-01 2024-06-30 11412775 frs-bus:Director2 2023-07-01 2024-06-30 11412775 frs-bus:Director3 2023-07-01 2024-06-30 11412775 frs-countries:EnglandWales 2023-07-01 2024-06-30 11412775 2022-06-30 11412775 2023-06-30 11412775 2022-07-01 2023-06-30 11412775 frs-core:CurrentFinancialInstruments 2023-06-30 11412775 frs-core:Non-currentFinancialInstruments 2023-06-30 11412775 frs-core:ShareCapital 2023-06-30 11412775 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 11412775
Fort Road Hotel Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Virgate Accounts Ltd
1st Floor Olympus House
Quedgeley
Gloucester
GL2 4NF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11412775
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,239 2,382
Tangible Assets 5 3,531,248 3,480,570
3,532,487 3,482,952
CURRENT ASSETS
Stocks 6 11,308 15,649
Debtors 7 26,766 59,822
Cash at bank and in hand 32,364 31,621
70,438 107,092
Creditors: Amounts Falling Due Within One Year 8 (2,425,937 ) (2,091,352 )
NET CURRENT ASSETS (LIABILITIES) (2,355,499 ) (1,984,260 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,176,988 1,498,692
Creditors: Amounts Falling Due After More Than One Year 9 (2,471,044 ) (2,471,044 )
NET LIABILITIES (1,294,056 ) (972,352 )
CAPITAL AND RESERVES
Called up share capital 10 3 3
Profit and Loss Account (1,294,059 ) (972,355 )
SHAREHOLDERS' FUNDS (1,294,056) (972,352)
Page 1
Page 2
For the year ending 30 June 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 Matthew Slotover
Director
03/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fort Road Hotel Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11412775 . The registered office is 1st Floor Olympus House, Quedgeley, Gloucester, GL2 4NF.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Website Development Costs. It is amortised to profit and loss account over its estimated economic life of 3 years.
2.4. 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 Nil
Leasehold 5 years straight line
Plant & Machinery 5 years straight line
Fixtures & Fittings 4 years straight line
Computer Equipment 3 years straight line
The freehold property is currently being carried at cost and no depreciation is provided.  If at some point the property was revalued to match its fair value any adjustments will be recognised in profit and loss and will be fully disclosed in the financial statements.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 27 (2023: 22)
27 22
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 July 2023 3,430
As at 30 June 2024 3,430
Amortisation
As at 1 July 2023 1,048
Provided during the period 1,143
As at 30 June 2024 2,191
Net Book Value
As at 30 June 2024 1,239
As at 1 July 2023 2,382
5. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Fixtures & Fittings
£ £ £ £
Cost
As at 1 July 2023 3,315,704 - 46,663 148,634
Additions 63,107 35,744 236 6,982
Disposals - - - (831 )
As at 30 June 2024 3,378,811 35,744 46,899 154,785
Depreciation
As at 1 July 2023 - - 8,469 27,075
Provided during the period - 5,957 9,376 37,507
Disposals - - - (69 )
As at 30 June 2024 - 5,957 17,845 64,513
Net Book Value
As at 30 June 2024 3,378,811 29,787 29,054 90,272
As at 1 July 2023 3,315,704 - 38,194 121,559
Computer Equipment Total
£ £
Cost
As at 1 July 2023 7,353 3,518,354
Additions 681 106,750
Disposals - (831 )
As at 30 June 2024 8,034 3,624,273
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 July 2023 2,240 37,784
Provided during the period 2,470 55,310
Disposals - (69 )
As at 30 June 2024 4,710 93,025
Net Book Value
As at 30 June 2024 3,324 3,531,248
As at 1 July 2023 5,113 3,480,570
6. Stocks
2024 2023
£ £
Stock 11,308 15,649
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 13,119 16,554
Other debtors 13,647 43,268
26,766 59,822
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 30,418 22,920
Other taxes and social security 9,974 10,098
VAT 25,808 15,609
Other creditors 5,307 38,741
Accruals and deferred income 26,702 18,756
Directors' loan accounts 2,327,728 1,985,228
2,425,937 2,091,352
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors - 2,471,044
Directors loan account 2,471,044 -
2,471,044 2,471,044
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
Page 5