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 09641427 Mrs Carolyn Storme Mr Gilles Storme Mr. Gilles Storme false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09641427 2023-06-30 09641427 2024-06-30 09641427 2023-07-01 2024-06-30 09641427 frs-core:CurrentFinancialInstruments 2024-06-30 09641427 frs-core:Non-currentFinancialInstruments 2024-06-30 09641427 frs-core:ComputerEquipment 2024-06-30 09641427 frs-core:ComputerEquipment 2023-07-01 2024-06-30 09641427 frs-core:ComputerEquipment 2023-06-30 09641427 frs-core:PlantMachinery 2024-06-30 09641427 frs-core:PlantMachinery 2023-07-01 2024-06-30 09641427 frs-core:PlantMachinery 2023-06-30 09641427 frs-core:ShareCapital 2024-06-30 09641427 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 09641427 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09641427 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 09641427 frs-bus:SmallEntities 2023-07-01 2024-06-30 09641427 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09641427 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 09641427 1 2023-07-01 2024-06-30 09641427 frs-core:ListedExchangeTraded 2024-06-30 09641427 frs-core:ListedExchangeTraded 2023-06-30 09641427 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-06-30 09641427 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-06-30 09641427 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-06-30 09641427 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-06-30 09641427 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-06-30 09641427 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-06-30 09641427 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-06-30 09641427 frs-bus:Director1 2023-07-01 2024-06-30 09641427 frs-bus:Director2 2023-07-01 2024-06-30 09641427 frs-countries:EnglandWales 2023-07-01 2024-06-30 09641427 2022-06-30 09641427 2023-06-30 09641427 2022-07-01 2023-06-30 09641427 frs-core:CurrentFinancialInstruments 2023-06-30 09641427 frs-core:Non-currentFinancialInstruments 2023-06-30 09641427 frs-core:ShareCapital 2023-06-30 09641427 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 09641427
Stormeyseas Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
TaxAssist Accountants
28 Stonecot Hill
Sutton
SM3 9HE
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09641427
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,587 911
Investment Properties 5 560,828 560,828
Investments 6 1,389,473 1,229,479
1,951,888 1,791,218
CURRENT ASSETS
Debtors 7 3 6,591
Cash at bank and in hand 29,619 17,069
29,622 23,660
Creditors: Amounts Falling Due Within One Year 8 (13,711 ) (15,970 )
NET CURRENT ASSETS (LIABILITIES) 15,911 7,690
TOTAL ASSETS LESS CURRENT LIABILITIES 1,967,799 1,798,908
Creditors: Amounts Falling Due After More Than One Year 9 (1,610,570 ) (1,602,865 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (33,787 ) -
NET ASSETS 323,442 196,043
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 323,342 195,943
SHAREHOLDERS' FUNDS 323,442 196,043
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 Gilles Storme
Director
21/03/2025
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
Stormeyseas Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09641427 . The registered office is 26 Sheen Park, Richmond, Surrey, TW9 1UW.
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 20% reducing balance
Computer Equipment 25% straight line
2.3. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2.4. Investments
Listed investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in balance sheet.
2.5. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.6. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

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 Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 1,888 768 2,656
Additions - 1,063 1,063
As at 30 June 2024 1,888 1,831 3,719
Depreciation
As at 1 July 2023 1,361 384 1,745
Provided during the period 106 281 387
As at 30 June 2024 1,467 665 2,132
Net Book Value
As at 30 June 2024 421 1,166 1,587
As at 1 July 2023 527 384 911
5. Investment Property
2024
£
Fair Value
As at 1 July 2023 and 30 June 2024 560,828
6. Investments
Listed
£
Cost
As at 1 July 2023 1,229,479
Additions 53,468
Disposals (31,781 )
Revaluations 138,307
As at 30 June 2024 1,389,473
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 1,389,473
As at 1 July 2023 1,229,479
Page 4
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7. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 3 -
Prepayments and accrued income - 1,000
Deferred tax current asset - 5,591
3 6,591
8. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors - 13
Corporation tax 2,243 2,791
Accruals and deferred income 11,468 13,166
13,711 15,970
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Directors loan account 1,610,570 1,602,865
1,610,570 1,602,865
10. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
At the start of the year, the company owed it's director £1,604,251 and during the year, decreased by £1,386.40. This figure is shown in creditors amounts falling due after more than one year.
12. Controlling Party
The company's controlling party is Mr. Gilles Storme by virtue of his ownership of 51% of the issued share capital in the company.
Page 5