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 06194846 Mr M J Loughnane Mr N C Stott Mr S G Kenny Mr N C Stott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06194846 2023-06-30 06194846 2024-06-30 06194846 2023-07-01 2024-06-30 06194846 frs-core:CurrentFinancialInstruments 2024-06-30 06194846 frs-core:Non-currentFinancialInstruments 2024-06-30 06194846 frs-core:BetweenOneFiveYears 2024-06-30 06194846 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 06194846 frs-core:FurnitureFittings 2024-06-30 06194846 frs-core:FurnitureFittings 2023-07-01 2024-06-30 06194846 frs-core:FurnitureFittings 2023-06-30 06194846 frs-core:MotorVehicles 2024-06-30 06194846 frs-core:MotorVehicles 2023-07-01 2024-06-30 06194846 frs-core:MotorVehicles 2023-06-30 06194846 frs-core:OtherResidualIntangibleAssets 2024-06-30 06194846 frs-core:OtherResidualIntangibleAssets 2023-07-01 2024-06-30 06194846 frs-core:OtherResidualIntangibleAssets 2023-06-30 06194846 frs-core:WithinOneYear 2024-06-30 06194846 frs-core:ShareCapital 2024-06-30 06194846 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 06194846 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06194846 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 06194846 frs-bus:SmallEntities 2023-07-01 2024-06-30 06194846 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 06194846 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 06194846 frs-core:CostValuation 2023-06-30 06194846 frs-core:CostValuation 2024-06-30 06194846 frs-core:ProvisionsForImpairmentInvestments 2023-06-30 06194846 frs-core:ProvisionsForImpairmentInvestments 2024-06-30 06194846 frs-core:UnlistedNon-exchangeTraded 2024-06-30 06194846 frs-core:UnlistedNon-exchangeTraded 2023-06-30 06194846 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-06-30 06194846 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-06-30 06194846 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-06-30 06194846 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 06194846 frs-bus:Director1 2023-07-01 2024-06-30 06194846 frs-bus:Director2 2023-07-01 2024-06-30 06194846 frs-bus:Director3 2023-07-01 2024-06-30 06194846 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 06194846 frs-countries:EnglandWales 2023-07-01 2024-06-30 06194846 2022-06-30 06194846 2023-06-30 06194846 2022-07-01 2023-06-30 06194846 frs-core:CurrentFinancialInstruments 2023-06-30 06194846 frs-core:Non-currentFinancialInstruments 2023-06-30 06194846 frs-core:BetweenOneFiveYears 2023-06-30 06194846 frs-core:WithinOneYear 2023-06-30 06194846 frs-core:ShareCapital 2023-06-30 06194846 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 06194846
Homesure (UK) Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 06194846
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 126,000 220,400
Tangible Assets 5 26,175 36,308
Investments 6 921,779 921,779
1,073,954 1,178,487
CURRENT ASSETS
Debtors 7 285,568 263,087
Cash at bank and in hand 166,675 152,807
452,243 415,894
Creditors: Amounts Falling Due Within One Year 8 (1,204,255 ) (1,113,711 )
NET CURRENT ASSETS (LIABILITIES) (752,012 ) (697,817 )
TOTAL ASSETS LESS CURRENT LIABILITIES 321,942 480,670
Creditors: Amounts Falling Due After More Than One Year 9 (166,732 ) (309,095 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,544 ) (9,077 )
NET ASSETS 148,666 162,498
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 148,566 162,398
SHAREHOLDERS' FUNDS 148,666 162,498
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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 N C Stott
Director
26 March 2025
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Homesure (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06194846 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
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.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are management contratcs. It is amortised to profit and loss account on the following basis:
Management contracts -20% Straight line
2.4. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent 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:
Motor vehicles 25% Reducing Balance
Fixtures and fittings 15% Straight Line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.6. Financial Instruments
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 entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.7. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.10. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2023: 24)
20 24
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4. Intangible Assets
Other
£
Cost
As at 1 July 2023 572,000
As at 30 June 2024 572,000
Amortisation
As at 1 July 2023 351,600
Provided during the period 94,400
As at 30 June 2024 446,000
Net Book Value
As at 30 June 2024 126,000
As at 1 July 2023 220,400
5. Tangible Assets
Motor vehicles Fixtures and fittings Total
£ £ £
Cost
As at 1 July 2023 47,781 37,719 85,500
Additions - 466 466
Disposals - (9,813 ) (9,813 )
As at 30 June 2024 47,781 28,372 76,153
Depreciation
As at 1 July 2023 20,755 28,437 49,192
Provided during the period 6,757 1,549 8,306
Disposals - (7,520 ) (7,520 )
As at 30 June 2024 27,512 22,466 49,978
Net Book Value
As at 30 June 2024 20,269 5,906 26,175
As at 1 July 2023 27,026 9,282 36,308
6. Investments
Unlisted Other Total
£ £ £
Cost
As at 1 July 2023 921,200 579 921,779
As at 30 June 2024 921,200 579 921,779
Provision
As at 1 July 2023 - - -
As at 30 June 2024 - - -
...CONTINUED
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Net Book Value
As at 30 June 2024 921,200 579 921,779
As at 1 July 2023 921,200 579 921,779
The company owns 100% of the ordinary share capital of Andrew Louis Estate Agents Limited, a company registered in England and Wales. The registered office address of Andrew Louis Estate Agents Limited is 8-10 East Prescot Road, Liverpool, L14 1PW
Financial infromation for the year ended 30 June 2024:
Capital and reserves £456,460.
Financial information for the year ended 30 June 2023:
Capital and reserves £342,736
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,010 1,800
Other debtors 282,558 261,287
285,568 263,087
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,174 12,917
Bank loans and overdrafts 130,031 126,609
Other creditors 951,951 918,131
Taxation and social security 115,099 56,054
1,204,255 1,113,711
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 8,394
Bank loans 166,732 300,701
166,732 309,095
10. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 215,785 242,953
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11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,174 12,917
Later than one year and not later than five years - 8,394
7,174 21,311
7,174 21,311
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
13. Other Commitments
The total of future minimum lease payments under operating leases are as following:
2024 2023
£ £
Not later than one year - 375
- 375
14. Directors Advances, Credits and Guarantees
A director had a brought forward advance from the company of £26,144. The director received interest free advances during the year totalling £37,713 (2023: £37,694) and repaid an amounts totalling £36,216 (2023: £36,216). All advances are repayable on demand. The advance carried forward is £27,461 (2023: £26,144).
A director had a brought forward advance from the company of £23,358. The director received interest free advances during the year totalling £35,978 (2023: £36,216) and repaid an amounts totalling £36,216 (2023: £36,216). All advances are repayable on demand. The advance carried forward is £23,120 (2023: £23,358).
A director had a brought forward advance from the company of £21,613. The director received interest free advances during the year totalling £24,000 (2023: £24,000) and repaid an amounts totalling £24,000 (2023: £24,000). All advances are repayable on demand. The advance carried forward is £21,613 (2023: £21,613).
The above loan is unsecured, interest free and repayable on demand.
15. Related Party Transactions
The following related party transactions were undertaken during the year:
A company related by common control, received amounts totalling £Nil (2023: £Nil), and paid amounts totalling £20,000 (2023: £Nil). As at the balance sheet date the amount receivable was £201,012 (2023: £181,012).
A company related by common control, received amounts totalling £5,322 (2023: £100,571), and paid amounts totalling £Nil (2023: £50,297). As at the balance sheet date the amount payable was £71,928 (2023: £66,606).
A company related by common control, received amounts totalling £112,514 (2023: £209,585), and paid amounts totalling £14,346 (2023: £3,240). As at the balance sheet date the amount payable was £538,353 (2023: £440,184).
The directors made withdrawals totalling £97,691 (2023: £97,910) and repaid amounts totalling £96,432 (2023: £96,432). At 30 June 2024 the amount payable was £72,374 (2023: £71,116).
The aggregate remuneration paid to key management personnel for the year was £17,568 (2023: £17,568).
Dividends were paid to the directors totalling £96,432 (2023: £96,432)
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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