Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 07601159 Mr Graham Honey Ms June Hayden iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07601159 2023-08-31 07601159 2024-08-31 07601159 2023-09-01 2024-08-31 07601159 frs-core:CurrentFinancialInstruments 2024-08-31 07601159 frs-core:ShareCapital 2024-08-31 07601159 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 07601159 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07601159 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 07601159 frs-bus:SmallEntities 2023-09-01 2024-08-31 07601159 frs-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 07601159 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 07601159 frs-core:CostValuation 2023-08-31 07601159 frs-core:AdditionsToInvestments 2024-08-31 07601159 frs-core:DisposalsRepaymentsInvestments 2024-08-31 07601159 frs-core:CostValuation 2024-08-31 07601159 frs-core:ProvisionsForImpairmentInvestments 2023-08-31 07601159 frs-core:ProvisionsForImpairmentInvestments 2024-08-31 07601159 frs-bus:Director1 2023-09-01 2024-08-31 07601159 frs-bus:Director2 2023-09-01 2024-08-31 07601159 frs-countries:EnglandWales 2023-09-01 2024-08-31 07601159 2022-08-31 07601159 2023-08-31 07601159 2022-09-01 2023-08-31 07601159 frs-core:CurrentFinancialInstruments 2023-08-31 07601159 frs-core:ShareCapital 2023-08-31 07601159 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 07601159
Bruno Trading Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Gareth Pollard Accountancy Services
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
In accordance with the engagement letter dated 10 November 2021, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 August 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. 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 financial statements.
Signed
13/02/2025
Gareth Pollard Accountancy Services
The Old Orchard
Holsworthy
Devon
EX22 6LT
Page 1
Page 2
Balance Sheet
Registered number: 07601159
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 1,451,674 1,404,859
1,451,674 1,404,859
CURRENT ASSETS
Debtors 5 100 100
Cash at bank and in hand 120 57
220 157
Creditors: Amounts Falling Due Within One Year 6 (16,098 ) (14,424 )
NET CURRENT ASSETS (LIABILITIES) (15,878 ) (14,267 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,435,796 1,390,592
NET ASSETS 1,435,796 1,390,592
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 1,435,696 1,390,492
SHAREHOLDERS' FUNDS 1,435,796 1,390,592
Page 2
Page 3
For the year ending 31 August 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 Graham Honey
Director
13/02/2025
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
Bruno Trading Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07601159 . The registered office is 9 Cathedral Court, Southernhay East, Exeter, Devon, EX1 1AF.
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 a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
2.2. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable.
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.

Page 4
Page 5
2.4. Cash at bank and in hand
Cash and cash equivalents are basic financial assets 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.
2.5. Fixed assets 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.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a longterm interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investments
Other
£
Cost
As at 1 September 2023 1,404,859
Additions 69,315
Disposals (22,500 )
As at 31 August 2024 1,451,674
Provision
As at 1 September 2023 -
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 1,451,674
As at 1 September 2023 1,404,859
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 100 100
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 15,708 14,034
Accruals and deferred income 390 390
16,098 14,424
Page 5
Page 6
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
During the year the company entered into the following transactions with related parties:
Indiana Developments LLP - Bruno Trading Limited is a corporate member of Indiana Developments LLP. During the period under review, Bruno Trading Limited made no contribution into Indiana Developments LLP (2023 - £Nil ). Indiana Developments LLP made repayments to Bruno Trading Limited of £22,500 (2023 - £15,200). During the period the share of rental profits attributable to Bruno Trading Limited was £69,315 (2023 - £65,853). At the balance sheet date, Bruno Trading Limited's interest in Indiana Developments LLP was £1,451,675 (2023 - £1,404,859)
Page 6