Acorah Software Products - Accounts Production 16.1.300 false true true 31 March 2024 1 April 2023 false 1 April 2024 13 August 2024 13 August 2024 07106253 Mr Paul Aitchison Mr Michael Cook Mr Peter Kavanagh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07106253 2024-03-31 07106253 2024-08-13 07106253 2024-04-01 2024-08-13 07106253 frs-core:CurrentFinancialInstruments 2024-08-13 07106253 frs-core:BetweenOneFiveYears 2024-08-13 07106253 frs-core:ComputerEquipment 2024-08-13 07106253 frs-core:ComputerEquipment 2024-04-01 2024-08-13 07106253 frs-core:ComputerEquipment 2024-03-31 07106253 frs-core:FurnitureFittings 2024-08-13 07106253 frs-core:FurnitureFittings 2024-04-01 2024-08-13 07106253 frs-core:FurnitureFittings 2024-03-31 07106253 frs-core:NetGoodwill 2024-08-13 07106253 frs-core:NetGoodwill 2024-04-01 2024-08-13 07106253 frs-core:NetGoodwill 2024-03-31 07106253 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-13 07106253 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2024-08-13 07106253 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 07106253 frs-core:WithinOneYear 2024-08-13 07106253 frs-core:ShareCapital 2024-08-13 07106253 frs-core:RetainedEarningsAccumulatedLosses 2024-08-13 07106253 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2024-08-13 07106253 frs-bus:FilletedAccounts 2024-04-01 2024-08-13 07106253 frs-bus:SmallEntities 2024-04-01 2024-08-13 07106253 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2024-08-13 07106253 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2024-08-13 07106253 frs-bus:Director1 2024-04-01 2024-08-13 07106253 frs-bus:Director2 2024-04-01 2024-08-13 07106253 frs-bus:Director3 2024-04-01 2024-08-13 07106253 frs-countries:EnglandWales 2024-04-01 2024-08-13 07106253 2023-03-31 07106253 2024-03-31 07106253 2023-04-01 2024-03-31 07106253 frs-core:CurrentFinancialInstruments 2024-03-31 07106253 frs-core:BetweenOneFiveYears 2024-03-31 07106253 frs-core:WithinOneYear 2024-03-31 07106253 frs-core:ShareCapital 2024-03-31 07106253 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07106253
Alan Francis Estate Agents & Lettings Limited
Unaudited Financial Statements
For the Period 1 April 2024 to 13 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07106253
13 August 2024 31 March 2024
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 15,470
Tangible Assets 5 75,439 82,639
75,439 98,109
CURRENT ASSETS
Debtors 6 63,546 310,065
Cash at bank and in hand 233,357 597,312
296,903 907,377
Creditors: Amounts Falling Due Within One Year 7 (109,852 ) (150,329 )
NET CURRENT ASSETS (LIABILITIES) 187,051 757,048
TOTAL ASSETS LESS CURRENT LIABILITIES 262,490 855,157
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,334 ) (7,735 )
NET ASSETS 258,156 847,422
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 258,155 847,421
SHAREHOLDERS' FUNDS 258,156 847,422
Page 1
Page 2
For the period ending 13 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 Paul Aitchison
Director
6 February 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Alan Francis Estate Agents & Lettings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07106253 . The registered office is Crowthorne House Nine Mile Ride, Wokingham, RG40 3GZ.
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. Going Concern Disclosure
Following the acquisition of the company by Leaders Limited on 14 August 2024, the trade and net assets of the company were hived to entities within the Leaders Romans Group and the company ceased trading. The company is therefore no longer considered to be a going concern and the financial statements have therefore been prepared on a basis other than going concern.
2.3. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.5. 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:
Leasehold straight line over 14 years
Fixtures & Fittings 15% straight line
Computer Equipment 33% straight line
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.7. 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 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 period was: 23 (2024: 24)
23 24
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 1,031,788
As at 13 August 2024 1,031,788
Amortisation
As at 1 April 2024 1,016,318
Provided during the period 15,470
As at 13 August 2024 1,031,788
Net Book Value
As at 13 August 2024 -
As at 1 April 2024 15,470
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 5,997 118,542 44,327 168,866
Additions - - 708 708
Disposals - (170 ) (10,944 ) (11,114 )
As at 13 August 2024 5,997 118,372 34,091 158,460
Depreciation
As at 1 April 2024 5,997 39,729 40,501 86,227
...CONTINUED
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Provided during the period - 6,658 1,080 7,738
Disposals - - (10,944 ) (10,944 )
As at 13 August 2024 5,997 46,387 30,637 83,021
Net Book Value
As at 13 August 2024 - 71,985 3,454 75,439
As at 1 April 2024 - 78,813 3,826 82,639
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company declares the asset value at the net book value.
6. Debtors
13 August 2024 31 March 2024
as restated
£ £
Due within one year
Trade debtors 18,274 18,102
Amounts owed by group undertakings 32,107 201,133
Other debtors 13,165 90,830
63,546 310,065
7. Creditors: Amounts Falling Due Within One Year
13 August 2024 31 March 2024
as restated
£ £
Trade creditors 6,713 28,850
Other creditors 82,288 16,690
Taxation and social security 20,851 104,789
109,852 150,329
9. Share Capital
13 August 2024 31 March 2024
as restated
£ £
Allotted, Called up and fully paid 1 1
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
13 August 2024 31 March 2024
as restated
£ £
Not later than one year 39,781 43,317
Later than one year and not later than five years 42,887 58,537
82,668 101,854
The lease commitments relate to vehicle and office rental payments.
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11. Post Balance Sheet Events
On 14 August 2024, the company was acquired by Leaders Limited, part of the Leaders Romans Group. Immediately afterwards all the company's trade and net assets were transferred to entities within the Leaders Romans Group
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