Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10753957 Mr Michael Brewer Mr Simon Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10753957 2023-05-31 10753957 2024-05-31 10753957 2023-06-01 2024-05-31 10753957 frs-core:CurrentFinancialInstruments 2024-05-31 10753957 frs-core:Non-currentFinancialInstruments 2024-05-31 10753957 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 10753957 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 10753957 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 10753957 frs-core:RevaluationReserve 2023-05-31 10753957 frs-core:RevaluationReserve 2024-05-31 10753957 frs-core:ShareCapital 2024-05-31 10753957 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10753957 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10753957 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10753957 frs-bus:SmallEntities 2023-06-01 2024-05-31 10753957 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10753957 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10753957 frs-bus:Director1 2023-06-01 2024-05-31 10753957 frs-bus:Director2 2023-06-01 2024-05-31 10753957 frs-countries:EnglandWales 2023-06-01 2024-05-31 10753957 2022-05-31 10753957 2023-05-31 10753957 2022-06-01 2023-05-31 10753957 frs-core:CurrentFinancialInstruments 2023-05-31 10753957 frs-core:Non-currentFinancialInstruments 2023-05-31 10753957 frs-core:RevaluationReserve 2023-05-31 10753957 frs-core:ShareCapital 2023-05-31 10753957 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10753957
Smithbrewer Holdings Limited
Financial Statements
For The Year Ended 31 May 2024
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10753957
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,455,286 7,551,480
7,455,286 7,551,480
CURRENT ASSETS
Debtors 5 102,025 360,895
Cash at bank and in hand 654,054 192,942
756,079 553,837
Creditors: Amounts Falling Due Within One Year 6 (502,577 ) (476,922 )
NET CURRENT ASSETS (LIABILITIES) 253,502 76,915
TOTAL ASSETS LESS CURRENT LIABILITIES 7,708,788 7,628,395
Creditors: Amounts Falling Due After More Than One Year 7 (2,015,000 ) (2,325,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,259 ) (439,769 )
NET ASSETS 5,676,529 4,863,626
CAPITAL AND RESERVES
Called up share capital 9 2,413,228 2,413,228
Revaluation reserve 10 1,745,000 1,745,000
Profit and Loss Account 1,518,301 705,398
SHAREHOLDERS' FUNDS 5,676,529 4,863,626
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For the year ending 31 May 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 Michael Brewer
Director
20 February 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
Smithbrewer Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10753957 . The registered office is 22 Bolton Close Isleport Business Park, Highbridge, Somerset, TA9 4JR.
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 rents received and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 2% on cost for buildings. Land is not depreciated.
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 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 year was: 2 (2023: 2)
2 2
Page 3
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4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 June 2023 7,889,389
Additions 1,200
As at 31 May 2024 7,890,589
Depreciation
As at 1 June 2023 337,909
Provided during the period 97,394
As at 31 May 2024 435,303
Net Book Value
As at 31 May 2024 7,455,286
As at 1 June 2023 7,551,480
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by participating interests - 360,895
Other debtors 102,025 -
102,025 360,895
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 211
Bank loans and overdrafts 310,000 310,000
Amounts owed to participating interests 19,105 -
Other creditors 2,500 17,621
Taxation and social security 170,972 149,090
502,577 476,922
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,015,000 2,325,000
2,015,000 2,325,000
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8. Secured Creditors
There is a charge registered on the 15/10/2021 by Handelsbanken PLC which contains both fixed charge(s) and a negative pledge over the property known as Notting Hill Way.
There is a charge registered on the 15/10/2021 by Handelsbanken PLC which contains both fixed charge(s) and a negative pledge over the property known as Unit 22 Bolton Close.
There is a charge registered on the 15/10/2021 by Handelsbanken PLC which contains fixed charge(s), floating charge(s) and a negative pledge over all the freehold and leasehold property in England and Wales owned by Smithbrewer Holdings Limited (company number 10753957).
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,413,228 2,413,228
10. Reserves
Revaluation Reserve
£
As at 1 June 2023 1,745,000
As at 31 May 2024 1,745,000
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