Acorah Software Products - Accounts Production 16.3.350 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11167473 Ms Sara Poskitt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11167473 2023-03-31 11167473 2024-03-31 11167473 2023-04-01 2024-03-31 11167473 frs-core:CurrentFinancialInstruments 2024-03-31 11167473 frs-core:Non-currentFinancialInstruments 2024-03-31 11167473 frs-core:ComputerEquipment 2024-03-31 11167473 frs-core:ComputerEquipment 2023-04-01 2024-03-31 11167473 frs-core:ComputerEquipment 2023-03-31 11167473 frs-core:FurnitureFittings 2024-03-31 11167473 frs-core:FurnitureFittings 2023-04-01 2024-03-31 11167473 frs-core:FurnitureFittings 2023-03-31 11167473 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 11167473 frs-core:InvestmentPropertyIncludedWithinPPE 2023-04-01 2024-03-31 11167473 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-31 11167473 frs-core:ShareCapital 2024-03-31 11167473 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11167473 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11167473 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11167473 frs-bus:SmallEntities 2023-04-01 2024-03-31 11167473 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11167473 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11167473 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 11167473 frs-bus:Director1 2023-04-01 2024-03-31 11167473 frs-countries:EnglandWales 2023-04-01 2024-03-31 11167473 2022-03-31 11167473 2023-03-31 11167473 2022-04-01 2023-03-31 11167473 frs-core:CurrentFinancialInstruments 2023-03-31 11167473 frs-core:Non-currentFinancialInstruments 2023-03-31 11167473 frs-core:ShareCapital 2023-03-31 11167473 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 11167473 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31
Registered number: 11167473
Lomot Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11167473
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,530,000 2,038,000
1,530,000 2,038,000
CURRENT ASSETS
Stocks 5 1,091,921 -
Cash at bank and in hand 22,991 107,599
1,114,912 107,599
Creditors: Amounts Falling Due Within One Year 6 (1,291,051 ) (740,806 )
NET CURRENT ASSETS (LIABILITIES) (176,139 ) (633,207 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,353,861 1,404,793
Creditors: Amounts Falling Due After More Than One Year 7 (1,402,056 ) (1,568,121 )
NET LIABILITIES (48,195 ) (163,328 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Fair value reserve 323,580 101,709
Profit and Loss Account (371,776 ) (265,038 )
SHAREHOLDERS' FUNDS (48,195) (163,328)
Page 1
Page 2
For the year ending 31 March 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 her 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
Ms Sara Poskitt
Director
28/04/2025
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
Lomot Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11167473 . The registered office is 1 Derwent Business Centre, Clarke Street, Derby, DE1 2BU.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director's who have undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
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:
Fixtures & Fittings 33% Straight Line
Computer Equipment 33% Straight Line
2.5. 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. The fair value of property is based on director's valuations and has not been based on a valuation by an independent valuer with a professional qualification. No depreciation is provided for. 
Changes in fair value are recognised in the profit and loss account.
2.6. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
Page 3
Page 4
4. Tangible Assets
Investment Properties Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 April 2023 2,038,000 10,093 1,302 2,049,395
Revaluation 192,000 - - 192,000
Transfers (700,000 ) - - (700,000 )
As at 31 March 2024 1,530,000 10,093 1,302 1,541,395
Depreciation
As at 1 April 2023 - 10,093 1,302 11,395
As at 31 March 2024 - 10,093 1,302 11,395
Net Book Value
As at 31 March 2024 1,530,000 - - 1,530,000
As at 1 April 2023 2,038,000 - - 2,038,000
5. Stocks
2024 2023
£ £
Stock 1,091,921 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 166,065 1,526
Other creditors 1,050,105 708,853
Director's loan account 74,881 30,427
1,291,051 740,806
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,402,056 1,568,121
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured. The mortgages are interest only with terms of 24 to 29 years.
2024 2023
£ £
Bank loans and overdrafts 1,564,681 1,564,681
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4