Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10659381 Mr Craig Blackwell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10659381 2023-03-31 10659381 2024-03-31 10659381 2023-04-01 2024-03-31 10659381 frs-core:CurrentFinancialInstruments 2024-03-31 10659381 frs-core:Non-currentFinancialInstruments 2024-03-31 10659381 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 10659381 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10659381 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 10659381 frs-core:RevaluationReserve 2023-04-01 2024-03-31 10659381 frs-core:RevaluationReserve 2023-03-31 10659381 frs-core:RevaluationReserve 2024-03-31 10659381 frs-core:ShareCapital 2024-03-31 10659381 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10659381 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10659381 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10659381 frs-bus:SmallEntities 2023-04-01 2024-03-31 10659381 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10659381 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10659381 frs-bus:Director1 2023-04-01 2024-03-31 10659381 frs-core:Non-currentFinancialInstruments 1 2024-03-31 10659381 frs-countries:EnglandWales 2023-04-01 2024-03-31 10659381 2022-03-31 10659381 2023-03-31 10659381 2022-04-01 2023-03-31 10659381 frs-core:CurrentFinancialInstruments 2023-03-31 10659381 frs-core:Non-currentFinancialInstruments 2023-03-31 10659381 frs-core:RevaluationReserve 2023-03-31 10659381 frs-core:ShareCapital 2023-03-31 10659381 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 10659381 frs-core:CurrentFinancialInstruments 1 2023-03-31 10659381 frs-core:Non-currentFinancialInstruments 1 2023-03-31
Registered number: 10659381
Gibson House (Wirral) Limited
Financial Statements
For The Year Ended 31 March 2024
Kenwright Accountants Ltd
A16
Champions Business Park
Arrowe Brook Road
Wirral
CH49 0AB
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10659381
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,450,000 5,396,900
5,450,000 5,396,900
CURRENT ASSETS
Debtors 5 23,021 234,579
Cash at bank and in hand 2,611 4,407
25,632 238,986
Creditors: Amounts Falling Due Within One Year 6 (2,733,310 ) (2,167,587 )
NET CURRENT ASSETS (LIABILITIES) (2,707,678 ) (1,928,601 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,742,322 3,468,299
Creditors: Amounts Falling Due After More Than One Year 7 (4,465,820 ) (3,327,489 )
NET (LIABILITIES)/ASSETS (1,723,498 ) 140,810
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 1,095,392 3,981,900
Profit and Loss Account (2,818,990 ) (3,841,190 )
SHAREHOLDERS' FUNDS (1,723,498) 140,810
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Craig Blackwell
Director
28th 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
Gibson House (Wirral) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10659381 . The registered office is A16 Champions Business Park Arrowe Brook Road, Upton, Wirral, CH49 0AB.
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.
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. 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
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold
£
Cost or Valuation
As at 1 April 2023 5,396,900
Revaluation 53,100
As at 31 March 2024 5,450,000
Net Book Value
As at 31 March 2024 5,450,000
As at 1 April 2023 5,396,900
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 136,307
Other debtors (1) - 65,000
VAT 23,021 33,272
23,021 234,579
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 7,648
Other creditors - 153,970
Director's loan account 2,733,310 2,005,969
2,733,310 2,167,587
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,465,820 2,920,303
Other creditors (1) - 407,186
4,465,820 3,327,489
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation Reserve
£
As at 1 April 2023 3,981,900
Surplus on revaluation (2,886,508 )
As at 31 March 2024 1,095,392
Page 5