Acorah Software Products - Accounts Production 16.2.850 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 NI652388 Mr Charles Heggarty Mrs Karen Heggarty iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI652388 2023-04-30 NI652388 2024-04-30 NI652388 2023-05-01 2024-04-30 NI652388 frs-core:CurrentFinancialInstruments 2024-04-30 NI652388 frs-core:SharePremium 2024-04-30 NI652388 frs-core:ShareCapital 2024-04-30 NI652388 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 NI652388 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI652388 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 NI652388 frs-bus:SmallEntities 2023-05-01 2024-04-30 NI652388 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 NI652388 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 NI652388 frs-core:UnlistedNon-exchangeTraded 2024-04-30 NI652388 frs-core:UnlistedNon-exchangeTraded 2023-04-30 NI652388 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-04-30 NI652388 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-04-30 NI652388 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-04-30 NI652388 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-04-30 NI652388 frs-bus:Director1 2023-05-01 2024-04-30 NI652388 frs-bus:Director2 2023-05-01 2024-04-30 NI652388 frs-countries:NorthernIreland 2023-05-01 2024-04-30 NI652388 2022-04-30 NI652388 2023-04-30 NI652388 2022-05-01 2023-04-30 NI652388 frs-core:CurrentFinancialInstruments 2023-04-30 NI652388 frs-core:SharePremium 2023-04-30 NI652388 frs-core:ShareCapital 2023-04-30 NI652388 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: NI652388
Heggarty Co Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI652388
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 145,450 135,344
Investments 5 703,500 703,500
848,950 838,844
CURRENT ASSETS
Debtors 6 996,652 876,115
Cash at bank and in hand 67,163 94,130
1,063,815 970,245
Creditors: Amounts Falling Due Within One Year 7 (15,556 ) (10,200 )
NET CURRENT ASSETS (LIABILITIES) 1,048,259 960,045
TOTAL ASSETS LESS CURRENT LIABILITIES 1,897,209 1,798,889
NET ASSETS 1,897,209 1,798,889
CAPITAL AND RESERVES
Called up share capital 8 4 4
Share premium account 699,998 699,998
Profit and Loss Account 1,197,207 1,098,887
SHAREHOLDERS' FUNDS 1,897,209 1,798,889
Page 1
Page 2
For the year ending 30 April 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
Mrs Karen Heggarty
Director
14/04/2025
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
Heggarty Co Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI652388 . The registered office is Ballyreagh House, 310 Doury Road, Ballymena, Co Antrim, BT44 9QP.
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. 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.
2.3. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Investment Property
2024
£
Fair Value
As at 1 May 2023 135,344
Additions 145,450
Disposals (135,344 )
As at 30 April 2024 145,450
5. Investments
Unlisted
£
Cost
As at 1 May 2023 703,500
As at 30 April 2024 703,500
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 703,500
As at 1 May 2023 703,500
6. Debtors
2024 2023
£ £
Due within one year
Amounts owed by participating interests 996,127 876,115
Other debtors 525 -
996,652 876,115
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 5,442 4,100
Taxation and social security 10,114 6,100
15,556 10,200
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
Page 5