Acorah Software Products - Accounts Production 16.2.800 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08286980 Mr Steven Thomas Mr David Thomas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08286980 2023-12-31 08286980 2024-12-31 08286980 2024-01-01 2024-12-31 08286980 frs-core:CurrentFinancialInstruments 2024-12-31 08286980 frs-core:RevaluationReserve 2024-01-01 2024-12-31 08286980 frs-core:RevaluationReserve 2023-12-31 08286980 frs-core:RevaluationReserve 2024-12-31 08286980 frs-core:ShareCapital 2024-12-31 08286980 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08286980 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08286980 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08286980 frs-bus:SmallEntities 2024-01-01 2024-12-31 08286980 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08286980 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08286980 frs-core:CostValuation 2023-12-31 08286980 frs-core:AdditionsToInvestments 2024-12-31 08286980 frs-core:DisposalsRepaymentsInvestments 2024-12-31 08286980 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-12-31 08286980 frs-core:CostValuation 2024-12-31 08286980 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 08286980 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 08286980 frs-bus:Director1 2024-01-01 2024-12-31 08286980 frs-bus:Director2 2024-01-01 2024-12-31 08286980 frs-countries:EnglandWales 2024-01-01 2024-12-31 08286980 2022-12-31 08286980 2023-12-31 08286980 2023-01-01 2023-12-31 08286980 frs-core:CurrentFinancialInstruments 2023-12-31 08286980 frs-core:RevaluationReserve 2023-12-31 08286980 frs-core:ShareCapital 2023-12-31 08286980 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08286980
Allden Assets Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
The Entrepreneurs Accountant (Ripple) Limited
ACCA
Kimberley Northwick
Mark
Highbridge
TA9 4PQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08286980
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 4,740,329 4,197,388
4,740,329 4,197,388
CURRENT ASSETS
Debtors 5 29,117 11,335
Cash at bank and in hand 32,310 16,989
61,427 28,324
Creditors: Amounts Falling Due Within One Year 6 (46,234 ) (7,143 )
NET CURRENT ASSETS (LIABILITIES) 15,193 21,181
TOTAL ASSETS LESS CURRENT LIABILITIES 4,755,522 4,218,569
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (491,282 ) (388,595 )
NET ASSETS 4,264,240 3,829,974
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 10 1,370,787 641,969
Profit and Loss Account 2,893,353 3,187,905
SHAREHOLDERS' FUNDS 4,264,240 3,829,974
Page 1
Page 2
For the year ending 31 December 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 Steven Thomas
Director
27 March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Allden Assets Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08286980 . The registered office is Kimberley Northwick, Mark, Highbridge, TA9 4PQ.
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. 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.
2.3. 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.
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Investments
Subsidiaries Other Total
£ £ £
Cost
As at 1 January 2024 633,574 3,563,814 4,197,388
Additions - 669,728 669,728
Disposals (268,985 ) (527,085 ) (796,070 )
Revaluations 106,907 562,376 669,283
As at 31 December 2024 471,496 4,268,833 4,740,329
Provision
As at 1 January 2024 - - -
As at 31 December 2024 - - -
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2024 471,496 4,268,833 4,740,329
As at 1 January 2024 633,574 3,563,814 4,197,388
Historical costs:
Investments in Gold as at 1 January 2024 £495,273 and 31 December 2024 £285,004
Other investments as at 1 January 2024 £2,671,552, and as at 31 December 2024 £2,917,700.
5. Debtors
2024 2023
£ £
Due within one year
On deposit with stockbrokers 29,117 11,335
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 43,759 4,003
Accruals and deferred income 2,475 3,140
46,234 7,143
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 491,282 388,595
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Steven Thomas 81,900 81,900
10. Reserves
Revaluation Reserve
£
As at 1 January 2024 641,969
Gain/(loss) on revaluation of investments 669,283
Realised revaluation gains on disposals 162,222
Deferred taxation arising on the revaluation of investments (102,687 )
As at 31 December 2024 1,370,787
Page 4