Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SC425465 Dr Steven Finch Dr Andrei Mikheev Mbm Secretarial Services Limited Dr Steven Finch iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC425465 2023-12-31 SC425465 2024-12-31 SC425465 2024-01-01 2024-12-31 SC425465 frs-core:CurrentFinancialInstruments 2024-12-31 SC425465 frs-core:FurnitureFittings 2024-12-31 SC425465 frs-core:FurnitureFittings 2024-01-01 2024-12-31 SC425465 frs-core:FurnitureFittings 2023-12-31 SC425465 frs-core:PlantMachinery 2024-12-31 SC425465 frs-core:PlantMachinery 2024-01-01 2024-12-31 SC425465 frs-core:PlantMachinery 2023-12-31 SC425465 frs-core:ShareCapital 2024-12-31 SC425465 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC425465 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC425465 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC425465 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC425465 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC425465 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC425465 frs-bus:Director1 2024-01-01 2024-12-31 SC425465 frs-bus:Director2 2024-01-01 2024-12-31 SC425465 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 SC425465 frs-bus:CompanySecretary2 2024-01-01 2024-12-31 SC425465 frs-core:CurrentFinancialInstruments 1 2024-12-31 SC425465 frs-core:CurrentFinancialInstruments 3 2024-12-31 SC425465 frs-countries:Scotland 2024-01-01 2024-12-31 SC425465 2022-12-31 SC425465 2023-12-31 SC425465 2023-01-01 2023-12-31 SC425465 frs-core:CurrentFinancialInstruments 2023-12-31 SC425465 frs-core:ShareCapital 2023-12-31 SC425465 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC425465 frs-core:CurrentFinancialInstruments 1 2023-12-31 SC425465 frs-core:CurrentFinancialInstruments 3 2023-12-31
Registered number: SC425465
Harbour Business Centres Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Glass Accountancy
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: SC425465
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,205 2,551
Investment Properties 5 1,257,700 1,257,700
1,278,905 1,260,251
CURRENT ASSETS
Debtors 6 271,197 228,349
Cash at bank and in hand 22,571 598,710
293,768 827,059
Creditors: Amounts Falling Due Within One Year 7 (60,369 ) (167,674 )
NET CURRENT ASSETS (LIABILITIES) 233,399 659,385
TOTAL ASSETS LESS CURRENT LIABILITIES 1,512,304 1,919,636
NET ASSETS 1,512,304 1,919,636
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 1,512,302 1,919,634
SHAREHOLDERS' FUNDS 1,512,304 1,919,636
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
Dr Andrei Mikheev
Director
21/04/2025
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Harbour Business Centres Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC425465 . The registered office is c/o Glass Accountancy Limited, Duddingston Yards, Edinburgh, EH15 3NT.
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:
Plant & Machinery 25%
Fixtures & Fittings 25%
2.4. 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.
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2024 6,569 129,300 135,869
Additions 23,130 - 23,130
As at 31 December 2024 29,699 129,300 158,999
Depreciation
As at 1 January 2024 4,018 129,300 133,318
Provided during the period 4,476 - 4,476
As at 31 December 2024 8,494 129,300 137,794
Net Book Value
As at 31 December 2024 21,205 - 21,205
As at 1 January 2024 2,551 - 2,551
5. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 1,257,700
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 38,606 1,557
Prepayments and accrued income 19,284 11,784
Other debtors 1 1
Other debtors (1) 200,000 200,000
Other debtors (3) 13,306 13,306
Other taxes and social security - 1,701
271,197 228,349
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,514 10,876
Bank loans and overdrafts 27 -
Corporation tax - 29,602
VAT 5,513 6,018
Other creditors (1) 17,940 17,463
Accruals and deferred income 23,375 103,715
60,369 167,674
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Page 4
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Related Party Transactions
Infogistics Limited, H R Information Limited and Daxtra Technologies Ltd are companies under the joint control of A Mikheev and S P Finch.
Included within other debtors/(creditors) at the year end was an amount £37,090 (2023: £1,516) due from Daxtra Technologies Ltd. This amount is unsecured, interest free and payable on demand.
Included within other debtors is an amount of £200,000 (2023: £200,000) due from Premium Lets Limited, a company controlled by S P Finch. During the year the company recieved £129,501 (2023: £152,080) from Daxtra Technologies, H R Information Limited and Infogistics Limited in relation to support services and internet provided to these companies.
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