Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 02114496 Mr David Telling Mr Simon Telling Mrs Milisa Chilcott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02114496 2023-09-30 02114496 2024-09-30 02114496 2023-10-01 2024-09-30 02114496 frs-core:CurrentFinancialInstruments 2024-09-30 02114496 frs-core:ComputerEquipment 2023-10-01 2024-09-30 02114496 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 02114496 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02114496 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 02114496 frs-core:MotorVehicles 2023-10-01 2024-09-30 02114496 frs-core:RevaluationReserve 2023-10-01 2024-09-30 02114496 frs-core:RevaluationReserve 2023-09-30 02114496 frs-core:RevaluationReserve 2024-09-30 02114496 frs-core:SharePremium 2024-09-30 02114496 frs-core:ShareCapital 2024-09-30 02114496 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 02114496 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 02114496 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 02114496 frs-bus:SmallEntities 2023-10-01 2024-09-30 02114496 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 02114496 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 02114496 frs-core:CostValuation 2023-09-30 02114496 frs-core:AdditionsToInvestments 2024-09-30 02114496 frs-core:DisposalsRepaymentsInvestments 2024-09-30 02114496 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-09-30 02114496 frs-core:CostValuation 2024-09-30 02114496 frs-core:ListedExchangeTraded 2024-09-30 02114496 frs-core:ListedExchangeTraded 2023-09-30 02114496 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-09-30 02114496 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-09-30 02114496 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-09-30 02114496 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-09-30 02114496 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-09-30 02114496 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-09-30 02114496 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-09-30 02114496 frs-core:UnlistedNon-exchangeTraded 2024-09-30 02114496 frs-core:UnlistedNon-exchangeTraded 2023-09-30 02114496 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-09-30 02114496 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-09-30 02114496 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-09-30 02114496 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2024-09-30 02114496 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-09-30 02114496 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-09-30 02114496 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-09-30 02114496 frs-bus:Director1 2023-10-01 2024-09-30 02114496 frs-bus:Director2 2023-10-01 2024-09-30 02114496 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 02114496 frs-core:CurrentFinancialInstruments 2 2024-09-30 02114496 frs-countries:EnglandWales 2023-10-01 2024-09-30 02114496 2022-09-30 02114496 2023-09-30 02114496 2022-10-01 2023-09-30 02114496 frs-core:CurrentFinancialInstruments 2023-09-30 02114496 frs-core:RevaluationReserve 2023-09-30 02114496 frs-core:SharePremium 2023-09-30 02114496 frs-core:ShareCapital 2023-09-30 02114496 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 02114496 frs-core:CurrentFinancialInstruments 1 2023-09-30 02114496 frs-core:CurrentFinancialInstruments 2 2023-09-30 02114496 frs-core:CurrentFinancialInstruments 3 2023-09-30
Registered number: 02114496
Twinmile Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02114496
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 259,287 259,287
Investments 5 1,483,574 1,381,120
1,742,861 1,640,407
CURRENT ASSETS
Debtors 6 1,265,475 1,184,667
Cash at bank and in hand 1,397,771 2,154,178
2,663,246 3,338,845
Creditors: Amounts Falling Due Within One Year 7 (579,962 ) (1,447,406 )
NET CURRENT ASSETS (LIABILITIES) 2,083,284 1,891,439
TOTAL ASSETS LESS CURRENT LIABILITIES 3,826,145 3,531,846
NET ASSETS 3,826,145 3,531,846
CAPITAL AND RESERVES
Called up share capital 8 22,028 22,028
Share premium account 42,324 42,324
Revaluation reserve 9 398,812 118,846
Profit and Loss Account 3,362,981 3,348,648
SHAREHOLDERS' FUNDS 3,826,145 3,531,846
Page 1
Page 2
For the year ending 30 September 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 David Telling
Director
25 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
Twinmile Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02114496 . The registered office is The Coppice Bristol Road, Congresbury, Bristol, BS49 5AH.
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:
Freehold None
Motor Vehicles 25% straight line
Computer Equipment 33% straight line
2.3. 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.
2.4. 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 year 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.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 October 2023 259,287
As at 30 September 2024 259,287
Net Book Value
As at 30 September 2024 259,287
As at 1 October 2023 259,287
5. Investments
Listed Unlisted Total
£ £ £
Cost
As at 1 October 2023 1,380,535 585 1,381,120
Additions 10,211 - 10,211
Disposals (187,723 ) - (187,723 )
Revaluations 279,966 - 279,966
As at 30 September 2024 1,482,989 585 1,483,574
Provision
As at 1 October 2023 - - -
As at 30 September 2024 - - -
Net Book Value
As at 30 September 2024 1,482,989 585 1,483,574
As at 1 October 2023 1,380,535 585 1,381,120
6. Debtors
2024 2023
£ £
Due within one year
Loans 841,367 579,667
Other debtors: Towens Group Ltd 424,108 530,108
Other debtors (3) - 74,892
1,265,475 1,184,667
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 11,555 6,661
Other creditors 15,671 -
Wrington Vale Estates Peter Ltd - 167,220
Wrington Lane Land 547,926 1,268,165
Accruals and deferred income 4,810 5,360
579,962 1,447,406
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 22,028 22,028
9. Reserves
Revaluation Reserve
£
As at 1 October 2023 118,846
Surplus on revaluation 279,966
As at 30 September 2024 398,812
Page 5