Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11107018 Mrs L A Simmons Mr T S Follows Mr A B Greatrex Mr C S Simmons iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11107018 2023-12-31 11107018 2024-12-31 11107018 2024-01-01 2024-12-31 11107018 frs-core:CurrentFinancialInstruments 2024-12-31 11107018 frs-core:ShareCapital 2024-12-31 11107018 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11107018 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11107018 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11107018 frs-bus:SmallEntities 2024-01-01 2024-12-31 11107018 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11107018 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11107018 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 11107018 frs-bus:OrdinaryShareClass1 2024-12-31 11107018 frs-core:CostValuation 2023-12-31 11107018 frs-core:CostValuation 2024-12-31 11107018 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 11107018 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 11107018 frs-bus:Director1 2024-01-01 2024-12-31 11107018 frs-bus:Director2 2024-01-01 2024-12-31 11107018 frs-bus:Director3 2024-01-01 2024-12-31 11107018 frs-bus:Director4 2024-01-01 2024-12-31 11107018 frs-countries:EnglandWales 2024-01-01 2024-12-31 11107018 2022-12-31 11107018 2023-12-31 11107018 2023-01-01 2023-12-31 11107018 frs-core:CurrentFinancialInstruments 2023-12-31 11107018 frs-core:ShareCapital 2023-12-31 11107018 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11107018 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31
Registered number: 11107018
Simwood Estates Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Deans
Gibson House Hurricane Close
Stafford
Staffordshire
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11107018
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 4,153,875 4,153,875
Fixed Asset Investments 5 1 1
4,153,876 4,153,876
CURRENT ASSETS
Debtors 6 662,411 163,728
Cash at bank and in hand 150,310 51,669
812,721 215,397
Creditors: Amounts Falling Due Within One Year 7 (4,022,310 ) (3,626,229 )
NET CURRENT ASSETS (LIABILITIES) (3,209,589 ) (3,410,832 )
TOTAL ASSETS LESS CURRENT LIABILITIES 944,287 743,044
PROVISIONS FOR LIABILITIES
Deferred Taxation (110,953 ) (98,455 )
NET ASSETS 833,334 644,589
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 833,332 644,587
SHAREHOLDERS' FUNDS 833,334 644,589
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 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 A B Greatrex
Director
Mr C S Simmons
Director
14 April 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
Simwood Estates Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of section 1a "Small Entities" and the Companies Act 2006.  The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
Preparation of consolidated financial statements
The financial statements contain information about Simwood Estates Limited as an individual comapny and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2a) of the Companes Act 2006 from the requirements to prepare consolidated financial statements.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT. The policies adopted for the recognition of turnover are as follows:
Rental income
Rental income from operating leases (net of any incentives given to the lessees) is recognised on a straight-line basis over the lease term.
Interest receivable
Interest income is recognised using the effective interest method.
2.3. Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
In the opinion of the directors the investment property is included at an amount that accords to its fair value at the balance sheet date.
Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
2.4. Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, expect to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.5. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 4,153,875
5. Fixed Asset Investments
Subsidiaries
£
Cost
As at 1 January 2024 1
As at 31 December 2024 1
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 1
As at 1 January 2024 1
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 175,294 156,514
Prepayments and accrued income 13,498 7,214
Amounts owed by group undertakings 473,619 -
662,411 163,728
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,114 19,796
Corporation tax 50,418 50,532
VAT 10,878 13,974
Other creditors 1,557 1,557
Accruals and deferred income 81,782 72,851
Amounts owed to group undertakings - 957
Amounts owed to other participating interests 3,866,561 3,466,562
4,022,310 3,626,229
Page 4
Page 5
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.00 each 2 2
Page 5