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 08793773 Mr Walter Siegwart Mr Christoph Graber iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08793773 2023-12-31 08793773 2024-12-31 08793773 2024-01-01 2024-12-31 08793773 frs-core:CurrentFinancialInstruments 2024-12-31 08793773 frs-core:Non-currentFinancialInstruments 2024-12-31 08793773 frs-core:ComputerEquipment 2024-12-31 08793773 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08793773 frs-core:ComputerEquipment 2023-12-31 08793773 frs-core:PlantMachinery 2024-12-31 08793773 frs-core:PlantMachinery 2024-01-01 2024-12-31 08793773 frs-core:PlantMachinery 2023-12-31 08793773 frs-core:RevaluationReserve 2024-01-01 2024-12-31 08793773 frs-core:RevaluationReserve 2023-12-31 08793773 frs-core:RevaluationReserve 2024-12-31 08793773 frs-core:ShareCapital 2024-12-31 08793773 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08793773 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08793773 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08793773 frs-bus:SmallEntities 2024-01-01 2024-12-31 08793773 frs-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 08793773 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08793773 frs-bus:Director1 2024-01-01 2024-12-31 08793773 frs-bus:Director2 2024-01-01 2024-12-31 08793773 frs-countries:EnglandWales 2024-01-01 2024-12-31 08793773 2022-12-31 08793773 2023-12-31 08793773 2023-01-01 2023-12-31 08793773 frs-core:CurrentFinancialInstruments 2023-12-31 08793773 frs-core:Non-currentFinancialInstruments 2023-12-31 08793773 frs-core:RevaluationReserve 2023-12-31 08793773 frs-core:ShareCapital 2023-12-31 08793773 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08793773
Bornhill Estates Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
TAG Accountants Group Limited
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Bornhill Estates Limited for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bornhill Estates Limited for the year ended 31 December 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Bornhill Estates Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Bornhill Estates Limited and state those matters that we have agreed to state to the directors of Bornhill Estates Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bornhill Estates Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Bornhill Estates Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Bornhill Estates Limited . You consider that Bornhill Estates Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Bornhill Estates Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
25th April 2024
TAG Accountants Group Limited
Chartered Accountants
8 Pendeford Place
Pendeford Business Park, Wobaston Road
Wolverhampton
WV9 5HD
Page 1
Page 2
Balance Sheet
Registered number: 08793773
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 732 2,168
Investment Properties 5 899,000 836,000
899,732 838,168
CURRENT ASSETS
Debtors 6 590,883 427,177
Cash at bank and in hand 39,666 8,238
630,549 435,415
Creditors: Amounts Falling Due Within One Year 7 (727,750 ) (697,874 )
NET CURRENT ASSETS (LIABILITIES) (97,201 ) (262,459 )
TOTAL ASSETS LESS CURRENT LIABILITIES 802,531 575,709
Creditors: Amounts Falling Due After More Than One Year 8 (642,851 ) (508,915 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (31,970 ) (7,600 )
NET ASSETS 127,710 59,194
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 405,695 367,065
Profit and Loss Account (278,085 ) (307,971 )
SHAREHOLDERS' FUNDS 127,710 59,194
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Page 3
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
Mr Christoph Graber
Director
25th April 2025
The notes on pages 4 to 7 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Bornhill Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08793773 . The registered office is Charles House 148-149, Great Charles Street Queensway, Front Suite, 1st Floor, Birmingham, B3 3HT.
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% Straight line Method
Computer Equipment 25% Straight line Method
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.
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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.
3. Average Number of Employees
○Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 January 2024 18,180 2,934 21,114
As at 31 December 2024 18,180 2,934 21,114
Depreciation
As at 1 January 2024 16,345 2,601 18,946
Provided during the period 1,106 330 1,436
As at 31 December 2024 17,451 2,931 20,382
Net Book Value
As at 31 December 2024 729 3 732
As at 1 January 2024 1,835 333 2,168
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5. Investment Property
2024
£
Fair Value
As at 1 January 2024 836,000
Revaluations 63,000
As at 31 December 2024 899,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,796 1,097
Prepayments and accrued income 12,205 8,142
Other debtors 750 143,350
Amounts owed by group undertakings 575,132 274,588
590,883 427,177
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,651 -
Accruals and deferred income 1,476 1,440
Directors' loan accounts 473,623 449,434
Amounts owed to related parties 247,000 247,000
727,750 697,874
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 642,851 508,915
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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10. Reserves
Revaluation Reserve
£
As at 1 January 2024 367,065
Transfer to/from profit and loss 38,630
As at 31 December 2024 405,695
11. Related Party Transactions
The company was owed £575,132 (2023 - £274,588) by Harborhill Ltd which is a company under the common control of the directors.
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