Acorah Software Products - Accounts Production 16.1.300 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 09384781 Mr Jack Critchley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09384781 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-01-31 09384781 2023-01-31 09384781 2024-01-31 09384781 2023-02-01 2024-01-31 09384781 frs-core:CurrentFinancialInstruments 2024-01-31 09384781 frs-core:Non-currentFinancialInstruments 2024-01-31 09384781 frs-core:InvestmentPropertyIncludedWithinPPE 2024-01-31 09384781 frs-core:InvestmentPropertyIncludedWithinPPE 2023-02-01 2024-01-31 09384781 frs-core:InvestmentPropertyIncludedWithinPPE 2023-01-31 09384781 frs-core:ShareCapital 2024-01-31 09384781 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09384781 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09384781 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 09384781 frs-bus:SmallEntities 2023-02-01 2024-01-31 09384781 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09384781 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09384781 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-02-01 2024-01-31 09384781 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-01-31 09384781 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-01-31 09384781 frs-bus:Director1 2023-02-01 2024-01-31 09384781 frs-countries:EnglandWales 2023-02-01 2024-01-31 09384781 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-01-31 09384781 2022-01-31 09384781 2023-01-31 09384781 2022-02-01 2023-01-31 09384781 frs-core:CurrentFinancialInstruments 2023-01-31 09384781 frs-core:Non-currentFinancialInstruments 2023-01-31 09384781 frs-core:ShareCapital 2023-01-31 09384781 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 09384781 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-01-31
Registered number: 09384781
Grappenhall Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09384781
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,534,702 959,702
1,534,702 959,702
CURRENT ASSETS
Debtors 5 247,762 64,490
Cash at bank and in hand 2,799 605
250,561 65,095
Creditors: Amounts Falling Due Within One Year 6 (899,352 ) (690,976 )
NET CURRENT ASSETS (LIABILITIES) (648,791 ) (625,881 )
TOTAL ASSETS LESS CURRENT LIABILITIES 885,911 333,821
Creditors: Amounts Falling Due After More Than One Year 7 (423,426 ) (174,250 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (68,375 ) (9,184 )
NET ASSETS 394,110 150,387
CAPITAL AND RESERVES
Called up share capital 10 1 1
Fair value reserve 12 205,126 27,553
Profit and Loss Account 188,983 122,833
SHAREHOLDERS' FUNDS 394,110 150,387
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Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Jack Critchley
Director
03/03/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Grappenhall Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09384781 . The registered office is Haresfield Stockton Lane, Grappenhall, Warrington, WA4 3HQ.
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.
2.3. 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.
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 asset reflects 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: 1 (2023: 1)
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4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 February 2023 959,702
Additions 338,236
Revaluation 236,764
As at 31 January 2024 1,534,702
Net Book Value
As at 31 January 2024 1,534,702
As at 1 February 2023 959,702
The investment property was valued at open market value by Mr Jack Critchley, the director of the company.
Cost or valuation as at 31 January 2024 represented by:
Investment Properties
£
At cost 1,261,201
At valuation 273,501
1,534,702
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 53,341 26,862
Director's loan account 194,421 37,628
247,762 64,490
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,341 997
Bank loans and overdrafts 190,168 17,000
Corporation tax 49,735 28,811
Other taxes and social security 8,076 3,566
Other creditors 640,532 637,002
Accruals and deferred income 4,500 3,600
899,352 690,976
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 423,426 174,250
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Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 292,754 106,250
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 613,594 191,250
9. Deferred Taxation
The provision for deferred taxation is made up of revaluations of investment properties.
2024 2023
£ £
Other timing differences 68,375 9,184
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
11. Directors Advances, Credits and Guarantees
Included within Debtors is a loan to Mr Jack Critchley. At 31 January 2024 the balance of the loan was £194,421 (2023: £37,628).
12. Reserves
Fair Value Reserve
£
As at 1 February 2023 27,553
Deferred tax on revalued investment properties (59,191)
Transfer to profit and loss 236,764
As at 31 January 2024 205,126
The fair value reserve represents the cumulative fair value gains and losses in respect of investment properties and their associated deferred tax.
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