Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 06669636 Mrs Charlotte Frost Mr Stephen Frost Mr John Frost iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06669636 2023-10-31 06669636 2024-10-31 06669636 2023-11-01 2024-10-31 06669636 frs-core:CurrentFinancialInstruments 2024-10-31 06669636 frs-core:BetweenOneFiveYears 2024-10-31 06669636 frs-core:NetGoodwill 2024-10-31 06669636 frs-core:NetGoodwill 2023-11-01 2024-10-31 06669636 frs-core:NetGoodwill 2023-10-31 06669636 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-10-31 06669636 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 06669636 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 06669636 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 06669636 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 06669636 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 06669636 frs-core:MotorVehicles 2023-11-01 2024-10-31 06669636 frs-core:OtherResidualIntangibleAssets 2024-10-31 06669636 frs-core:OtherResidualIntangibleAssets 2023-11-01 2024-10-31 06669636 frs-core:OtherResidualIntangibleAssets 2023-10-31 06669636 frs-core:PlantMachinery 2024-10-31 06669636 frs-core:PlantMachinery 2023-11-01 2024-10-31 06669636 frs-core:PlantMachinery 2023-10-31 06669636 frs-core:ShareCapital 2024-10-31 06669636 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 06669636 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 06669636 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 06669636 frs-bus:SmallEntities 2023-11-01 2024-10-31 06669636 frs-bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 06669636 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 06669636 frs-bus:OrdinaryShareClass1 2023-11-01 2024-10-31 06669636 frs-bus:OrdinaryShareClass1 2024-10-31 06669636 frs-bus:Director1 2023-11-01 2024-10-31 06669636 frs-bus:Director2 2023-11-01 2024-10-31 06669636 frs-bus:Director3 2023-11-01 2024-10-31 06669636 frs-countries:EnglandWales 2023-11-01 2024-10-31 06669636 2022-10-31 06669636 2023-10-31 06669636 2022-11-01 2023-10-31 06669636 frs-core:CurrentFinancialInstruments 2023-10-31 06669636 frs-core:BetweenOneFiveYears 2023-10-31 06669636 frs-core:ShareCapital 2023-10-31 06669636 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 06669636 frs-bus:OrdinaryShareClass1 2022-11-01 2023-10-31 06669636 frs-core:CurrentFinancialInstruments 1 2023-10-31
Registered number: 06669636
Frost Residential Lettings Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
APH Accountancy Services Ltd
Chartered Certified Accountants
Office 2 The Reach
687-693 London Road
Westcliff-On-Sea
Essex
SS0 9PA
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Frost Residential Lettings Ltd For The Year Ended 31 October 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Frost Residential Lettings Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Frost Residential Lettings Ltd , as a body, in accordance with the terms of our engagement letter dated 08 May 2022. Our work has been undertaken solely to prepare for your approval the accounts of Frost Residential Lettings Ltd and state those matters that we have agreed to state to the directors of Frost Residential Lettings Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Frost Residential Lettings Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Frost Residential Lettings Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Frost Residential Lettings Ltd . You consider that Frost Residential Lettings Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Frost Residential Lettings Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
APH Accountancy Services Ltd
10 May 2025
APH Accountancy Services Ltd
Chartered Certified Accountants
Office 2 The Reach
687-693 London Road
Westcliff-On-Sea
Essex
SS0 9PA
Page 1
Page 2
Balance Sheet
Registered number: 06669636
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 121,229 144,785
Tangible Assets 5 50,784 21,975
172,013 166,760
CURRENT ASSETS
Debtors 6 543 22,688
Cash at bank and in hand 176,204 191,335
176,747 214,023
Creditors: Amounts Falling Due Within One Year 7 (100,332 ) (102,661 )
NET CURRENT ASSETS (LIABILITIES) 76,415 111,362
TOTAL ASSETS LESS CURRENT LIABILITIES 248,428 278,122
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (2,701 ) (2,467 )
NET ASSETS 245,727 275,655
CAPITAL AND RESERVES
Called up share capital 9 600 600
Profit and Loss Account 245,127 275,055
SHAREHOLDERS' FUNDS 245,727 275,655
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Page 3
For the year ending 31 October 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 Stephen Frost
Director
10 May 2025
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Frost Residential Lettings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06669636 . The registered office is 2 Watson Heights, Chelmsford, Essex, CM1 1AF.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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
Leasehold 25% Straight line
Plant & Machinery 20% Reducing balance
Motor Vehicles 20% Reducing balance
2.4. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 8 7
8 7
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 November 2023 9,875 243,802 253,677
As at 31 October 2024 9,875 243,802 253,677
Amortisation
As at 1 November 2023 9,875 99,017 108,892
Provided during the period - 23,556 23,556
As at 31 October 2024 9,875 122,573 132,448
Net Book Value
As at 31 October 2024 - 121,229 121,229
As at 1 November 2023 - 144,785 144,785
5. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Total
£ £ £ £
Cost
As at 1 November 2023 - 7,050 41,813 48,863
Additions 22,225 - 17,108 39,333
Disposals - (7,050 ) (7,284 ) (14,334 )
As at 31 October 2024 22,225 - 51,637 73,862
Depreciation
As at 1 November 2023 - 7,050 19,838 26,888
Provided during the period 2,223 - 6,566 8,789
Disposals - (7,050 ) (5,549 ) (12,599 )
As at 31 October 2024 2,223 - 20,855 23,078
Net Book Value
As at 31 October 2024 20,002 - 30,782 50,784
As at 1 November 2023 - - 21,975 21,975
Page 5
Page 6
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 250 11,943
Prepayments and accrued income 293 5,100
Other debtors - 1,000
Other debtors (1) - 4,645
543 22,688
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 7,739 23,333
Corporation tax 41,062 29,976
Other taxes and social security 4,680 5,539
VAT 29,409 28,670
Other creditors 513 1,689
Accruals and deferred income 13,163 12,967
Directors' loan accounts 3,766 487
100,332 102,661
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 2,701 2,467
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
600 Ordinary Shares of £ 1 each 600 600
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10. Other Commitments
At the end of the period the company had annual commitments under non-cancellable operating leases as follows:
2024 2023
£ £
Later than one year and not later than five years 17,287 16,004
17,287 16,004
11. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 152,210 72,802
12. Related Party Transactions
At the balance sheet date the company was owed £0.00 by SCJ Financial Services Ltd. During the year £4,645 was repaid by SCJ Financial Services Ltd. This loan was interest free and repayable on demand.
Page 7