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 02497057 Mr D Cooper Mrs S Cooper iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02497057 2023-06-30 02497057 2024-06-30 02497057 2023-07-01 2024-06-30 02497057 frs-core:CurrentFinancialInstruments 2024-06-30 02497057 frs-core:ComputerEquipment 2023-07-01 2024-06-30 02497057 frs-core:PlantMachinery 2024-06-30 02497057 frs-core:PlantMachinery 2023-07-01 2024-06-30 02497057 frs-core:PlantMachinery 2023-06-30 02497057 frs-core:ShareCapital 2024-06-30 02497057 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 02497057 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02497057 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 02497057 frs-bus:SmallEntities 2023-07-01 2024-06-30 02497057 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02497057 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 02497057 frs-core:CostValuation 2023-06-30 02497057 frs-core:AdditionsToInvestments 2024-06-30 02497057 frs-core:DisposalsRepaymentsInvestments 2024-06-30 02497057 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-06-30 02497057 frs-core:CostValuation 2024-06-30 02497057 frs-core:ProvisionsForImpairmentInvestments 2023-06-30 02497057 frs-core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2024-06-30 02497057 frs-core:ImpairmentLossProvisionsForImpairmentInvestments 2024-06-30 02497057 frs-core:ProvisionsForImpairmentInvestments 2024-06-30 02497057 frs-core:ListedExchangeTraded 2024-06-30 02497057 frs-core:ListedExchangeTraded 2023-06-30 02497057 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-06-30 02497057 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-06-30 02497057 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-06-30 02497057 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-06-30 02497057 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-06-30 02497057 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-06-30 02497057 frs-core:DisposalsDecreaseInProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-06-30 02497057 frs-core:ImpairmentLossProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-06-30 02497057 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-06-30 02497057 frs-core:UnlistedNon-exchangeTraded 2024-06-30 02497057 frs-core:UnlistedNon-exchangeTraded 2023-06-30 02497057 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-06-30 02497057 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 02497057 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 02497057 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 02497057 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-06-30 02497057 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-06-30 02497057 frs-core:DisposalsDecreaseInProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 02497057 frs-core:ImpairmentLossProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 02497057 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 02497057 frs-bus:Director1 2023-07-01 2024-06-30 02497057 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 02497057 frs-countries:EnglandWales 2023-07-01 2024-06-30 02497057 2022-06-30 02497057 2023-06-30 02497057 2022-07-01 2023-06-30 02497057 frs-core:CurrentFinancialInstruments 2023-06-30 02497057 frs-core:ShareCapital 2023-06-30 02497057 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 02497057
Offham Assets 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: 02497057
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 406
Investment Properties 5 484,161 353,139
Investments 6 1,749,417 1,581,424
2,233,578 1,934,969
CURRENT ASSETS
Debtors 7 383,597 316,910
Cash at bank and in hand 262,795 592,847
646,392 909,757
Creditors: Amounts Falling Due Within One Year 8 (61,217 ) (102,740 )
NET CURRENT ASSETS (LIABILITIES) 585,175 807,017
TOTAL ASSETS LESS CURRENT LIABILITIES 2,818,753 2,741,986
NET ASSETS 2,818,753 2,741,986
CAPITAL AND RESERVES
Called up share capital 9 2,000 2,000
Profit and Loss Account 2,816,753 2,739,986
SHAREHOLDERS' FUNDS 2,818,753 2,741,986
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 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 D Cooper
Director
25th March 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
Offham Assets Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02497057 . The registered office is Tarrant Place , 65 Tarrant Street, Arundel , West Sussex, BN18 9DJ.
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. 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 25% on cost
Computer Equipment 25% on cost
2.3. Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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)
1 1
Page 3
Page 4
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 July 2023 5,115
As at 30 June 2024 5,115
Depreciation
As at 1 July 2023 4,709
Provided during the period 406
As at 30 June 2024 5,115
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 406
5. Investment Property
2024
£
Fair Value
As at 1 July 2023 353,139
Additions 131,022
As at 30 June 2024 484,161
6. Investments
Listed Unlisted Total
£ £ £
Cost
As at 1 July 2023 1,119,683 546,473 1,666,156
Additions 319,824 100,000 419,824
Disposals (305,205 ) (75,705 ) (380,910 )
Revaluations 178,276 - 178,276
As at 30 June 2024 1,312,578 570,768 1,883,346
Provision
As at 1 July 2023 - 84,732 84,732
Disposals - (75,705 ) (75,705 )
Impairment losses - 124,902 124,902
As at 30 June 2024 - 133,929 133,929
Net Book Value
As at 30 June 2024 1,312,578 436,839 1,749,417
As at 1 July 2023 1,119,683 461,741 1,581,424
The net book values at 30th June 2024 represents assets at a valuation of 30th June 2024 of £1,312,578 and assets at cost less a provision for impairment of £436,839.
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 43 27
Other debtors 383,554 316,883
383,597 316,910
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 329
Other creditors 61,217 102,411
61,217 102,740
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,000 2,000
Page 5