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 NI646239 Miss Christina McQuillan Mrs Nicola Nicholson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI646239 2023-12-31 NI646239 2024-12-31 NI646239 2024-01-01 2024-12-31 NI646239 frs-core:CurrentFinancialInstruments 2024-12-31 NI646239 frs-core:Non-currentFinancialInstruments 2024-12-31 NI646239 frs-core:ComputerEquipment 2024-12-31 NI646239 frs-core:ComputerEquipment 2024-01-01 2024-12-31 NI646239 frs-core:ComputerEquipment 2023-12-31 NI646239 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 NI646239 frs-core:FurnitureFittings 2024-12-31 NI646239 frs-core:FurnitureFittings 2024-01-01 2024-12-31 NI646239 frs-core:FurnitureFittings 2023-12-31 NI646239 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 NI646239 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 NI646239 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 NI646239 frs-core:OtherResidualIntangibleAssets 2024-12-31 NI646239 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 NI646239 frs-core:OtherResidualIntangibleAssets 2023-12-31 NI646239 frs-core:ShareCapital 2024-12-31 NI646239 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI646239 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI646239 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 NI646239 frs-bus:SmallEntities 2024-01-01 2024-12-31 NI646239 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 NI646239 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 NI646239 frs-bus:Director1 2024-01-01 2024-12-31 NI646239 frs-bus:Director2 2024-01-01 2024-12-31 NI646239 frs-countries:NorthernIreland 2024-01-01 2024-12-31 NI646239 2022-12-31 NI646239 2023-12-31 NI646239 2023-01-01 2023-12-31 NI646239 frs-core:CurrentFinancialInstruments 2023-12-31 NI646239 frs-core:Non-currentFinancialInstruments 2023-12-31 NI646239 frs-core:ShareCapital 2023-12-31 NI646239 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: NI646239
Kilmore Country House Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Gray + Press Accountants
21 Old Channel Road
Unit 4A Channel Wharf
Belfast
Antrim
BT3 9DE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI646239
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 10,508 11,738
Tangible Assets 5 138,813 179,784
149,321 191,522
CURRENT ASSETS
Debtors 6 32,189 36,242
Cash at bank and in hand 5,992 1,004
38,181 37,246
Creditors: Amounts Falling Due Within One Year 7 (235,289 ) (207,652 )
NET CURRENT ASSETS (LIABILITIES) (197,108 ) (170,406 )
TOTAL ASSETS LESS CURRENT LIABILITIES (47,787 ) 21,116
Creditors: Amounts Falling Due After More Than One Year 8 (5,523 ) (15,863 )
NET (LIABILITIES)/ASSETS (53,310 ) 5,253
CAPITAL AND RESERVES
Called up share capital 2 2
Profit and Loss Account (53,312 ) 5,251
SHAREHOLDERS' FUNDS (53,310) 5,253
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
Mrs Nicola Nicholson
Director
01/05/2025
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
Kilmore Country House Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI646239 . The registered office is Kilmore House 10 , 10 Glasmullen Road, Glenariffe, Ballymena, BT44 0QZ.
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, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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:
Freehold 10% Straight Line
Fixtures & Fittings 25% Straight Line
Computer Equipment 15% Reducing Balance
2.5. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and nonputtable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
2.6. 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: 25 (2023: 30)
25 30
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 12,303
As at 31 December 2024 12,303
Amortisation
As at 1 January 2024 565
Provided during the period 1,230
As at 31 December 2024 1,795
Net Book Value
As at 31 December 2024 10,508
As at 1 January 2024 11,738
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is calculated at a rate of over 10 years.
5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 236,966 86,269 5,302 328,537
As at 31 December 2024 236,966 86,269 5,302 328,537
Depreciation
As at 1 January 2024 89,562 57,437 1,754 148,753
Provided during the period 23,697 16,742 532 40,971
As at 31 December 2024 113,259 74,179 2,286 189,724
Net Book Value
As at 31 December 2024 123,707 12,090 3,016 138,813
As at 1 January 2024 147,404 28,832 3,548 179,784
6. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 32,189 -
Other debtors - 36,242
32,189 36,242
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 101,536 47,041
Bank loans and overdrafts 19,174 13,523
Other creditors 105,710 130,593
Taxation and social security 8,869 16,495
235,289 207,652
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,523 15,863
9. Related Party Transactions
Included in other debtors is amounts owed to related parties totalling £32,189 (2023 - £36,242)
Page 5