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 10250891 Mrs Caitlin Black Mr Toby Smith Mr Jezze Clark Mr Matthew Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10250891 2023-06-30 10250891 2024-06-30 10250891 2023-07-01 2024-06-30 10250891 frs-core:CurrentFinancialInstruments 2024-06-30 10250891 frs-core:ComputerEquipment 2024-06-30 10250891 frs-core:ComputerEquipment 2023-07-01 2024-06-30 10250891 frs-core:ComputerEquipment 2023-06-30 10250891 frs-core:FurnitureFittings 2024-06-30 10250891 frs-core:FurnitureFittings 2023-07-01 2024-06-30 10250891 frs-core:FurnitureFittings 2023-06-30 10250891 frs-core:MotorVehicles 2024-06-30 10250891 frs-core:MotorVehicles 2023-07-01 2024-06-30 10250891 frs-core:MotorVehicles 2023-06-30 10250891 frs-core:PlantMachinery 2024-06-30 10250891 frs-core:PlantMachinery 2023-07-01 2024-06-30 10250891 frs-core:PlantMachinery 2023-06-30 10250891 frs-core:RevaluationReserve 2023-07-01 2024-06-30 10250891 frs-core:RevaluationReserve 2024-06-30 10250891 frs-core:ShareCapital 2024-06-30 10250891 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10250891 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10250891 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10250891 frs-bus:SmallEntities 2023-07-01 2024-06-30 10250891 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10250891 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10250891 frs-bus:Director1 2023-07-01 2024-06-30 10250891 frs-bus:Director2 2023-07-01 2024-06-30 10250891 frs-bus:Director3 2023-07-01 2024-06-30 10250891 frs-bus:Director4 2023-07-01 2024-06-30 10250891 frs-countries:EnglandWales 2023-07-01 2024-06-30 10250891 2022-06-30 10250891 2023-06-30 10250891 2022-07-01 2023-06-30 10250891 frs-core:CurrentFinancialInstruments 2023-06-30 10250891 frs-core:RevaluationReserve 2023-06-30 10250891 frs-core:ShareCapital 2023-06-30 10250891 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 10250891
Augusta Funding Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10250891
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 105,529 117,396
Investment Properties 5 950,000 812,569
1,055,529 929,965
CURRENT ASSETS
Debtors 6 463,975 367,491
Cash at bank and in hand 16,039 773
480,014 368,264
Creditors: Amounts Falling Due Within One Year 7 (694,219 ) (551,546 )
NET CURRENT ASSETS (LIABILITIES) (214,205 ) (183,282 )
TOTAL ASSETS LESS CURRENT LIABILITIES 841,324 746,683
PROVISIONS FOR LIABILITIES
Deferred Taxation (48,200 ) (30,079 )
NET ASSETS 793,124 716,604
CAPITAL AND RESERVES
Called up share capital 8 800 800
Revaluation reserve 9 148,154 -
Profit and Loss Account 644,170 715,804
SHAREHOLDERS' FUNDS 793,124 716,604
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 Toby Smith
Director
25/03/2025
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
Augusta Funding Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10250891 . The registered office is The Old Barn Wood Street, Swanley, BR8 7PA.
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. 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:
Plant & Machinery 15% WDV
Motor Vehicles 15% WDV
Fixtures & Fittings 15% WDV
Computer Equipment 15% WDV
2.4. 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.
2.5. 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 July 2023 424 237,008 4,580 16,673 258,685
Additions - - 2,284 4,470 6,754
As at 30 June 2024 424 237,008 6,864 21,143 265,439
Depreciation
As at 1 July 2023 94 131,239 2,982 6,974 141,289
Provided during the period 49 15,865 583 2,124 18,621
As at 30 June 2024 143 147,104 3,565 9,098 159,910
Net Book Value
As at 30 June 2024 281 89,904 3,299 12,045 105,529
As at 1 July 2023 330 105,769 1,598 9,699 117,396
5. Investment Property
2024
£
Fair Value
As at 1 July 2023 812,569
Revaluations 137,431
As at 30 June 2024 950,000
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 463,975 367,491
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,750 1,648
Corporation tax - 123
VAT 1,894 1,566
Other creditors 808 -
Accruals and deferred income 8,133 1,240
Directors' loan accounts 11,090 110,767
Amounts owed to related parties 670,544 436,202
694,219 551,546
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 800 800
9. Reserves
Revaluation Reserve
£
Surplus on revaluation 148,154
As at 30 June 2024 148,154
10. Related Party Transactions
Included in Other Creditors is an amount owed to the company director Mr T Smith totalling £11,090 (2023 - £110,767), no interest is to be charged. 
Included in Other Creditors is an amount owed to the company Augusta capital Ltd  totalling £670,544 (2023 - £436,202), a compnay in which Mr T Smith & Mrs C Black have control.
Included in Other Debtors is an amount of £429,351 (2023 - £361,254) which is outstanding from Eden Smith Consulting Limited, a company in which Mr M Smith & Mr J Clark are directors. 
 Included in Other Debtors is an amount of £32,360 (2023 - £6,237) which is outstanding from Bickfield Property Investments Limited, a company in which Mrs C Black is a director.
Included in Other Debtors is an amount of £2,264 (2023 - £Nil) which is outstanding from Lycett Place Developments Limited, a company in which Mrs C Black & Mr T Smith are directors.
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