Acorah Software Products - Accounts Production 16.1.300 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 04616381 Mr Nigel Baylis Mrs Margaret Jones Mrs Margaret Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04616381 2023-06-30 04616381 2024-06-30 04616381 2023-07-01 2024-06-30 04616381 frs-core:CurrentFinancialInstruments 2024-06-30 04616381 frs-core:ComputerEquipment 2024-06-30 04616381 frs-core:ComputerEquipment 2023-07-01 2024-06-30 04616381 frs-core:ComputerEquipment 2023-06-30 04616381 frs-core:FurnitureFittings 2024-06-30 04616381 frs-core:FurnitureFittings 2023-07-01 2024-06-30 04616381 frs-core:FurnitureFittings 2023-06-30 04616381 frs-core:PlantMachinery 2024-06-30 04616381 frs-core:PlantMachinery 2023-07-01 2024-06-30 04616381 frs-core:PlantMachinery 2023-06-30 04616381 frs-core:ShareCapital 2024-06-30 04616381 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 04616381 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04616381 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 04616381 frs-bus:SmallEntities 2023-07-01 2024-06-30 04616381 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04616381 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04616381 frs-bus:Director1 2023-07-01 2024-06-30 04616381 frs-bus:Director2 2023-07-01 2024-06-30 04616381 frs-bus:Director2 2023-06-30 04616381 frs-bus:Director2 2024-06-30 04616381 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 04616381 frs-countries:EnglandWales 2023-07-01 2024-06-30 04616381 2022-06-30 04616381 2023-06-30 04616381 2022-07-01 2023-06-30 04616381 frs-core:CurrentFinancialInstruments 2023-06-30 04616381 frs-core:ShareCapital 2023-06-30 04616381 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 04616381
The Athenaeum Club Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Formulate Change Ltd T/A Osborne & Co
203 London Road
Hadleigh
Essex
SS7 2RD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04616381
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,897 8,832
6,897 8,832
CURRENT ASSETS
Stocks 5 3,995 4,020
Debtors 6 24,536 14,470
Cash at bank and in hand 3,608 2,355
32,139 20,845
Creditors: Amounts Falling Due Within One Year 7 (1,557,600 ) (1,414,627 )
NET CURRENT ASSETS (LIABILITIES) (1,525,461 ) (1,393,782 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,518,564 ) (1,384,950 )
NET LIABILITIES (1,518,564 ) (1,384,950 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (1,518,565 ) (1,384,951 )
SHAREHOLDERS' FUNDS (1,518,564) (1,384,950)
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 Nigel Baylis
Director
26/03/2025
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
The Athenaeum Club Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04616381 . The registered office is The Athenaeum Club Ltd, , Aviation Way, , Southend-On-Sea,, Essex, SS2 6UN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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
Despite the company's net liabilities at the period end, the directors believe the going concern basis is appropriate due to the ongoing support given by themselves and the other companies under their control.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. 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% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 24 (2023: 20)
24 20
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 3,838 60,457 3,428 67,723
As at 30 June 2024 3,838 60,457 3,428 67,723
Depreciation
As at 1 July 2023 816 55,258 2,817 58,891
Provided during the period 484 1,299 152 1,935
As at 30 June 2024 1,300 56,557 2,969 60,826
Net Book Value
As at 30 June 2024 2,538 3,900 459 6,897
As at 1 July 2023 3,022 5,199 611 8,832
5. Stocks
2024 2023
£ £
Stock 3,995 4,020
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 10,066 -
Directors' loan accounts 14,470 14,470
24,536 14,470
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 52,198 98,236
Other taxes and social security 4,982 4,039
VAT 30,286 20,718
Other creditors 1,467,134 1,288,469
Accruals and deferred income 3,000 3,165
1,557,600 1,414,627
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4
Page 5
9. Directors Advances, Credits and Guarantees
Included in debtors at the period end are amounts owed by a director, Margaret Jones, of £14,470 (2023: £14,470). 
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mrs Margaret Jones 14,470 - - - 14,470
The above loan is unsecured, interest free and repayable on demand.
10. Related Party Transactions
Included in other creditors at the period end are amounts owed to Charter Projects (Developments) Limited, a company connected by virtue of common control, £970,183 (2023: £796,183)
Also included in other creditors at the period end are amounts owed to Charter Projects Management Limited, a company connected by virtue of common control, £496,352 (2023: £496,352)
Page 5