Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 13949341 Mr Mark Hornsey Mr Samuel Hornsey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13949341 2023-06-30 13949341 2024-06-30 13949341 2023-07-01 2024-06-30 13949341 frs-core:CurrentFinancialInstruments 2024-06-30 13949341 frs-core:Non-currentFinancialInstruments 2024-06-30 13949341 frs-core:ShareCapital 2024-06-30 13949341 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 13949341 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13949341 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 13949341 frs-bus:SmallEntities 2023-07-01 2024-06-30 13949341 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 13949341 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 13949341 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-30 13949341 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-06-30 13949341 frs-core:UnlistedNon-exchangeTraded 2024-06-30 13949341 frs-core:UnlistedNon-exchangeTraded 2023-06-30 13949341 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-06-30 13949341 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-06-30 13949341 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-06-30 13949341 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 13949341 frs-bus:Director1 2023-07-01 2024-06-30 13949341 frs-bus:Director2 2023-07-01 2024-06-30 13949341 frs-countries:EnglandWales 2023-07-01 2024-06-30 13949341 2022-06-30 13949341 2023-06-30 13949341 2022-07-01 2023-06-30 13949341 frs-core:CurrentFinancialInstruments 2023-06-30 13949341 frs-core:Non-currentFinancialInstruments 2023-06-30 13949341 frs-core:ShareCapital 2023-06-30 13949341 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 13949341 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-30
Registered number: 13949341
I.M.H Holdings Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13949341
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 3,181,226 1,478,053
Investments 5 100 100
3,181,326 1,478,153
CURRENT ASSETS
Debtors 6 72,076 141,482
Cash at bank and in hand 4,459 715
76,535 142,197
Creditors: Amounts Falling Due Within One Year 7 (384,032 ) (5,643 )
NET CURRENT ASSETS (LIABILITIES) (307,497 ) 136,554
TOTAL ASSETS LESS CURRENT LIABILITIES 2,873,829 1,614,707
Creditors: Amounts Falling Due After More Than One Year 8 (1,308,745 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (50,000 ) (50,000 )
NET ASSETS 1,515,084 1,564,707
CAPITAL AND RESERVES
Called up share capital 9 200 200
Fair Value Reserve 10 150,000 150,000
Profit and Loss Account 1,364,884 1,414,507
SHAREHOLDERS' FUNDS 1,515,084 1,564,707
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 Mark Hornsey
Director
Mr Samuel Hornsey
Director
14 November 2024
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
I.M.H Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13949341 . The registered office is The Old Coal Yard, Station Road, Bucknell, Shropshire, SY7 0EL.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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 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 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.
2.5. Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements on the basis that the
company and its subsidiary undertakings comprise a small group as defined by Companies Act 2006.
2.6. Fixed Asset Investments
Fixed asset investments are included at cost less impairment. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Investment Property
2024
£
Fair Value
As at 1 July 2023 1,478,053
Additions 1,703,173
As at 30 June 2024 3,181,226
5. Investments
Unlisted
£
Cost
As at 1 July 2023 100
As at 30 June 2024 100
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 100
As at 1 July 2023 100
Investments represent shares in wholly owned subisdiay undertaking Hornsey Steel Panels and Sections Ltd, a company incorporated in England & Wales.
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,737 1,295
VAT 70,339 140,187
72,076 141,482
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax - 4,911
Accruals and deferred income 278,016 -
Directors' loan accounts 1,732 732
Amounts owed to group undertakings 104,284 -
384,032 5,643
Lloyds Bank PLC holds a fixed and floating charge over all the property or undertaking of I.M.H Holdings Limited. 
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,308,745 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
10. Reserves
Fair Value Reserve
£
As at 1 July 2023 150,000
As at 30 June 2024 150,000
11. Related Party Transactions
Included in creditors due within one year is a balance due to Hornsey Steel Panels and Sections Ltd of £104,284 (2023:Nil)
Dividends received from Hornsey Steel Panels and Sections Ltd during the year were £Nil (2023: £642,000).
Page 5