Acorah Software Products - Accounts Production 16.2.850 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 11759025 Helen Seymour Jane Williams Jane Haworth John Chandler Headingley Development Trust Limited Bennett Road, Leeds, West Yorkshire, LS6 3HN true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11759025 2023-09-30 11759025 2024-09-30 11759025 2023-10-01 2024-09-30 11759025 frs-core:CurrentFinancialInstruments 2024-09-30 11759025 frs-core:Non-currentFinancialInstruments 2024-09-30 11759025 frs-core:FurnitureFittings 2024-09-30 11759025 frs-core:FurnitureFittings 2023-10-01 2024-09-30 11759025 frs-core:FurnitureFittings 2023-09-30 11759025 frs-core:NetGoodwill 2024-09-30 11759025 frs-core:NetGoodwill 2023-10-01 2024-09-30 11759025 frs-core:NetGoodwill 2023-09-30 11759025 frs-core:PlantMachinery 2024-09-30 11759025 frs-core:PlantMachinery 2023-10-01 2024-09-30 11759025 frs-core:PlantMachinery 2023-09-30 11759025 frs-core:ShareCapital 2024-09-30 11759025 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 11759025 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11759025 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 11759025 frs-bus:SmallEntities 2023-10-01 2024-09-30 11759025 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 11759025 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 11759025 1 2023-10-01 2024-09-30 11759025 frs-bus:Director1 2023-10-01 2024-09-30 11759025 frs-bus:Director2 2023-10-01 2024-09-30 11759025 frs-bus:Director3 2023-10-01 2024-09-30 11759025 frs-bus:Director4 2023-10-01 2024-09-30 11759025 frs-countries:EnglandWales 2023-10-01 2024-09-30 11759025 2022-09-30 11759025 2023-09-30 11759025 2022-10-01 2023-09-30 11759025 frs-core:CurrentFinancialInstruments 2023-09-30 11759025 frs-core:Non-currentFinancialInstruments 2023-09-30 11759025 frs-core:WithinOneYear 2023-09-30 11759025 frs-core:ShareCapital 2023-09-30 11759025 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 11759025
Headingley Development Trust (Commercial) Limited
Financial Statements
For The Year Ended 30 September 2024
Third Sector Accountancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 11759025
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 2,000
Tangible Assets 5 716 2,838
716 4,838
CURRENT ASSETS
Stocks 6 1,228 1,791
Debtors 7 4,743 4,452
Cash at bank and in hand 15,004 51,388
20,975 57,631
Creditors: Amounts Falling Due Within One Year 8 (27,437 ) (18,366 )
NET CURRENT ASSETS (LIABILITIES) (6,462 ) 39,265
TOTAL ASSETS LESS CURRENT LIABILITIES (5,746 ) 44,103
Creditors: Amounts Falling Due After More Than One Year 9 - (36,460 )
NET (LIABILITIES)/ASSETS (5,746 ) 7,643
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account (5,747 ) 7,642
SHAREHOLDERS' FUNDS (5,746) 7,643
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For the year ending 30 September 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
John Chandler
Director
22/04/2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Headingley Development Trust (Commercial) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11759025 . The registered office is Heart, Bennett Road, Leeds, LS6 3HN.
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 in the shopp. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of five 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:
Plant & Machinery 20% straight line
Fixtures & Fittings 20% straight line
2.5. Stocks and Work in Progress
Stock is valued at the lower of cost and net realisable value after making due allowance for damaged stock.
2.6. Financial Instruments
There were no financial instruments other than basic financial instruments. Loans between group entities that are not on commercial terms are treated as public benefit entity concessionary loans, in accordance with FRS102. This means that the carrying value in the accounts is the amount originally received or paid for the loans, less any repayments, plus any accrued interest. The loans are not discounted.
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2.7. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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 7 (2023: 6)
7 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 10,000
As at 30 September 2024 10,000
Amortisation
As at 1 October 2023 8,000
Provided during the period 2,000
As at 30 September 2024 10,000
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 2,000
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5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 October 2023 10,929 8,602 19,531
Additions 140 - 140
As at 30 September 2024 11,069 8,602 19,671
Depreciation
As at 1 October 2023 9,519 7,174 16,693
Provided during the period 1,184 1,078 2,262
As at 30 September 2024 10,703 8,252 18,955
Net Book Value
As at 30 September 2024 366 350 716
As at 1 October 2023 1,410 1,428 2,838
6. Stocks
2024 2023
£ £
Stock 1,228 1,791
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,231 2,503
Prepayments and accrued income 1,161 1,586
Other debtors 351 351
VAT - 12
4,743 4,452
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,002 7,440
Corporation tax - 891
Other taxes and social security 1,333 1,012
Accruals and deferred income 4,964 5,384
Amounts owed to parent undertaking 10,000 3,125
Amounts owed to related parties 138 514
27,437 18,366
The amounts due to the parent undertaking and related parties are concessionary loans.
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to parent undertaking - 34,141
Amounts owed to related parties - 2,319
- 36,460
The amounts due to the parent undertaking and related parties are concessionary loans.
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year - 10,010
- 10,010
12. Related Party Transactions
During the year Headingley Development Trust Limited (the parent entity) loaned the company £10,000 on which no interest was charged. This was repaid after the year-end. 
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13. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Headingley Development Trust Limited . Headingley Development Trust Limited is a society registered in England. Copies of the group accounts may be obtained from the secretary, Bennett Road, Leeds, West Yorkshire, LS6 3HN . The ultimate controlling party is Headingley Development Trust Limited who controls 100% of the shares of Headingley Development Trust (Commercial) Limited .
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