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 01203791 Mr Richard Anthony Loftus Mr Leopold Magus Soloman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01203791 2023-06-30 01203791 2024-06-30 01203791 2023-07-01 2024-06-30 01203791 frs-core:CurrentFinancialInstruments 2024-06-30 01203791 frs-core:Non-currentFinancialInstruments 2024-06-30 01203791 frs-core:ComputerEquipment 2024-06-30 01203791 frs-core:ComputerEquipment 2023-07-01 2024-06-30 01203791 frs-core:ComputerEquipment 2023-06-30 01203791 frs-core:FurnitureFittings 2024-06-30 01203791 frs-core:FurnitureFittings 2023-07-01 2024-06-30 01203791 frs-core:FurnitureFittings 2023-06-30 01203791 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 01203791 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 01203791 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 01203791 frs-core:PlantMachinery 2024-06-30 01203791 frs-core:PlantMachinery 2023-07-01 2024-06-30 01203791 frs-core:PlantMachinery 2023-06-30 01203791 frs-core:ShareCapital 2024-06-30 01203791 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 01203791 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01203791 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 01203791 frs-bus:SmallEntities 2023-07-01 2024-06-30 01203791 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 01203791 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 01203791 frs-bus:Director1 2023-07-01 2024-06-30 01203791 frs-bus:Director2 2023-07-01 2024-06-30 01203791 frs-countries:EnglandWales 2023-07-01 2024-06-30 01203791 2022-06-30 01203791 2023-06-30 01203791 2022-07-01 2023-06-30 01203791 frs-core:CurrentFinancialInstruments 2023-06-30 01203791 frs-core:Non-currentFinancialInstruments 2023-06-30 01203791 frs-core:ShareCapital 2023-06-30 01203791 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 01203791
Random Hall Hotel Co Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 01203791
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,136,178 1,143,377
1,136,178 1,143,377
CURRENT ASSETS
Stocks 5 4,410 4,410
Debtors 6 28,935 8,443
Cash at bank and in hand 56,514 46,611
89,859 59,464
Creditors: Amounts Falling Due Within One Year 7 (281,356 ) (258,139 )
NET CURRENT ASSETS (LIABILITIES) (191,497 ) (198,675 )
TOTAL ASSETS LESS CURRENT LIABILITIES 944,681 944,702
Creditors: Amounts Falling Due After More Than One Year 8 (497,169 ) (545,694 )
NET ASSETS 447,512 399,008
CAPITAL AND RESERVES
Called up share capital 9 52 52
Income Statement 447,460 398,956
SHAREHOLDERS' FUNDS 447,512 399,008
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 Income Statement.
On behalf of the board
Mr Richard Anthony Loftus
Director
27/03/2025
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
Random Hall Hotel Co Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01203791 . The registered office is Random Hall Stane Street, Slinfold, Horsham, RH13 0QX.
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.
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.
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:
Freehold No depreciation
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. 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.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabililities.
Basic financial liabilities
Basic financial liabilities including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitiutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabiilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised ost, using the effective interest rate method.
...CONTINUED
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2.5. Financial Instruments - continued
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as noncurrent liabilties. Trade creditors are recognised initally at transaction price and subsequently measured at amortised cost using the effective interest method.
2.6. 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: 15 (2023: 14)
15 14
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 1,100,000 354,871 - - 1,454,871
Additions - - 4,120 740 4,860
As at 30 June 2024 1,100,000 354,871 4,120 740 1,459,731
Depreciation
As at 1 July 2023 - 311,494 - - 311,494
Provided during the period - 10,844 1,030 185 12,059
As at 30 June 2024 - 322,338 1,030 185 323,553
Net Book Value
As at 30 June 2024 1,100,000 32,533 3,090 555 1,136,178
As at 1 July 2023 1,100,000 43,377 - - 1,143,377
Page 4
Page 5
5. Stocks
2024 2023
£ £
Stock 4,410 4,410
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 21,102 3,034
Other debtors 7,833 5,409
28,935 8,443
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 31,467 33,650
Other creditors 197,204 195,664
Taxation and social security 52,685 28,825
281,356 258,139
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 34,848 53,030
Other loans 462,321 492,664
497,169 545,694
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 52 52
Page 5