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 00377928 Mr N R Huxtable Mr N R Huxtable iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00377928 2023-12-31 00377928 2024-12-31 00377928 2024-01-01 2024-12-31 00377928 frs-core:CurrentFinancialInstruments 2024-12-31 00377928 frs-core:ShareCapital 2024-12-31 00377928 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 00377928 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00377928 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 00377928 frs-bus:SmallEntities 2024-01-01 2024-12-31 00377928 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 00377928 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 00377928 frs-bus:Director1 2024-01-01 2024-12-31 00377928 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 00377928 frs-countries:EnglandWales 2024-01-01 2024-12-31 00377928 2022-12-31 00377928 2023-12-31 00377928 2023-01-01 2023-12-31 00377928 frs-core:CurrentFinancialInstruments 2023-12-31 00377928 frs-core:ShareCapital 2023-12-31 00377928 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 00377928
Optiquality (Holdings) Limited
Financial Statements
For The Year Ended 31 December 2024
Stubbs Parkin
55 Hoghton Street
Southport
Merseyside
PR9 0PG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 00377928
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 152,000 152,000
152,000 152,000
CURRENT ASSETS
Debtors 5 150,879 145,879
Investments 6 209,746 197,500
Cash at bank and in hand 105,623 102,568
466,248 445,947
Creditors: Amounts Falling Due Within One Year 7 (17,781 ) (23,342 )
NET CURRENT ASSETS (LIABILITIES) 448,467 422,605
TOTAL ASSETS LESS CURRENT LIABILITIES 600,467 574,605
PROVISIONS FOR LIABILITIES
Deferred Taxation (30,414 ) (20,787 )
NET ASSETS 570,053 553,818
CAPITAL AND RESERVES
Called up share capital 8 16,300 16,300
Profit and Loss Account 553,753 537,518
SHAREHOLDERS' FUNDS 570,053 553,818
Page 1
Page 2
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 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 N R Huxtable
Director
31st March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Optiquality (Holdings) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00377928 . The registered office is 55 Hoghton Street, Southport, Merseyside, PR9 0PG. 
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.
The company's functional and presentational currency is GBP and no level of rounding has been used in the preparation of the financial statements.
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities
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
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 152,000
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,250 1,250
Other debtors 144,629 144,629
150,879 145,879
6. Current Asset Investments
2024 2023
£ £
Unlisted investments 209,746 197,500
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 17,781 23,342
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 16,300 16,300
Page 4