Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09357767 Mr Julian Bushnell Mr Karl Bushnell Mr Shaun Bushnell Mr Vaughn Bushnell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09357767 2022-12-31 09357767 2023-12-31 09357767 2023-01-01 2023-12-31 09357767 frs-core:CurrentFinancialInstruments 2023-12-31 09357767 frs-core:Non-currentFinancialInstruments 2023-12-31 09357767 frs-core:CapitalRedemptionReserve 2023-12-31 09357767 frs-core:ShareCapital 2023-12-31 09357767 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09357767 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09357767 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09357767 frs-bus:SmallEntities 2023-01-01 2023-12-31 09357767 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09357767 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09357767 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-12-31 09357767 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 09357767 frs-core:UnlistedNon-exchangeTraded 2023-12-31 09357767 frs-core:UnlistedNon-exchangeTraded 2022-12-31 09357767 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 09357767 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 09357767 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 09357767 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 09357767 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 09357767 frs-bus:Director1 2023-01-01 2023-12-31 09357767 frs-bus:Director2 2023-01-01 2023-12-31 09357767 frs-bus:Director3 2023-01-01 2023-12-31 09357767 frs-bus:Director4 2023-01-01 2023-12-31 09357767 frs-countries:EnglandWales 2023-01-01 2023-12-31 09357767 2021-12-31 09357767 2022-12-31 09357767 2022-01-01 2022-12-31 09357767 frs-core:CurrentFinancialInstruments 2022-12-31 09357767 frs-core:Non-currentFinancialInstruments 2022-12-31 09357767 frs-core:CapitalRedemptionReserve 2022-12-31 09357767 frs-core:ShareCapital 2022-12-31 09357767 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 09357767 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-12-31
Registered number: 09357767
Selkent Holdings Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Montacs
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09357767
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 3,173,500 3,173,500
Investments 5 - 250,600
3,173,500 3,424,100
CURRENT ASSETS
Debtors 6 277,394 250,334
Cash at bank and in hand 50,950 38,936
328,344 289,270
Creditors: Amounts Falling Due Within One Year 7 (22,328 ) (23,463 )
NET CURRENT ASSETS (LIABILITIES) 306,016 265,807
TOTAL ASSETS LESS CURRENT LIABILITIES 3,479,516 3,689,907
Creditors: Amounts Falling Due After More Than One Year 8 (38,125 ) (38,125 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (294,500 ) (294,500 )
NET ASSETS 3,146,891 3,357,282
CAPITAL AND RESERVES
Called up share capital 9 1,515,501 1,516,510
Capital redemption reserve 1,009 -
Fair value reserve 11 1,255,500 1,255,500
Profit and Loss Account 374,881 585,272
SHAREHOLDERS' FUNDS 3,146,891 3,357,282
Page 1
Page 2
For the year ending 31 December 2023 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 Shaun Bushnell
Director
10/04/2025
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
Selkent Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09357767 . The registered office is Riverside House Kangley Bridge Road, Sydenham, London, SE26 5DA.
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. 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 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: 4 (2022: 4)
4 4
Page 3
Page 4
4. Investment Property
2023
£
Fair Value
As at 1 January 2023 and 31 December 2023 3,173,500
5. Investments
Unlisted
£
Cost
As at 1 January 2023 250,600
Disposals (250,600 )
As at 31 December 2023 -
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 250,600
6. Debtors
2023 2022
£ £
Due within one year
Amounts owed by group undertakings 87,046 88,055
Other debtors 190,348 162,279
277,394 250,334
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,597 6,001
Other creditors 1,900 -
Taxation and social security 17,831 17,462
22,328 23,463
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 38,125 38,125
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,515,501 1,516,510
Page 4
Page 5
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors: £57,658 (2022: £40,888)
The above loan is unsecured, interest is charged at the standard rate and repayable on demand.
11. Reserves
Fair Value Reserve
£
As at 1 January 2023 1,255,500
As at 31 December 2023 1,255,500
Page 5