Acorah Software Products - Accounts Production 16.3.350 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 05805902 Mrs Jane Knowles Miss Helen Knowles Miss Helen Knowles iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05805902 2023-05-31 05805902 2024-05-31 05805902 2023-06-01 2024-05-31 05805902 frs-core:MotorVehicles 2024-05-31 05805902 frs-core:MotorVehicles 2023-06-01 2024-05-31 05805902 frs-core:MotorVehicles 2023-05-31 05805902 frs-core:PlantMachinery 2024-05-31 05805902 frs-core:PlantMachinery 2023-06-01 2024-05-31 05805902 frs-core:PlantMachinery 2023-05-31 05805902 frs-core:RevaluationReserve 2023-06-01 2024-05-31 05805902 frs-core:RevaluationReserve 2023-05-31 05805902 frs-core:RevaluationReserve 2024-05-31 05805902 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 05805902 frs-bus:CompanyLimitedByGuarantee 2023-06-01 2024-05-31 05805902 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 05805902 frs-bus:SmallEntities 2023-06-01 2024-05-31 05805902 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 05805902 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 05805902 frs-bus:Director1 2023-06-01 2024-05-31 05805902 frs-bus:Director2 2023-06-01 2024-05-31 05805902 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 05805902 frs-countries:EnglandWales 2023-06-01 2024-05-31 05805902 2022-05-31 05805902 2023-05-31 05805902 2022-06-01 2023-05-31 05805902 frs-core:RevaluationReserve 2023-05-31 05805902 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 05805902
Birth Rites Exhibition
Unaudited Financial Statements
For The Year Ended 31 May 2024
Hilton Jones Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05805902
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 440,605 428,652
440,605 428,652
CURRENT ASSETS
Debtors 5 - 324
Cash at bank and in hand 8,215 225
8,215 549
Creditors: Amounts Falling Due Within One Year 6 (8,248 ) (2,077 )
NET CURRENT ASSETS (LIABILITIES) (33 ) (1,528 )
TOTAL ASSETS LESS CURRENT LIABILITIES 440,572 427,124
NET ASSETS 440,572 427,124
RESERVES
Revaluation reserve 7 440,604 428,651
Income and Expenditure Account (32 ) (1,527 )
MEMBERS' FUNDS 440,572 427,124
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For the year ending 31 May 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 Income and Expenditure Account.
On behalf of the board
Miss Helen Knowles
Director
22nd May 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Birth Rites Exhibition is a private company, limited by guarantee, incorporated in England & Wales, registered number 05805902 . The registered office is 12 Albert Mansions, Crouch Hill, London, N8 9RE.
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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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 25% on cost
Heritage assets relate to thematic works of art in a variety of media including some that are donated or commissioned by contemporary artists. These assets will be made available for public viewing, research and educational study on a regular basis. The assets will be held at a number of premises accessible by the public either as part of a public collection or by appointment. The company maintains a list of all the artwork, their individual value and where each item is currently held. 
When the committee considers a potential acquisition, it takes into account the quality of the work and its suitability as part of the collection. It is also guided by Birth Rites Collection's responsibility to ensure adequate conservation, documentation and proper use, and also takes into account limitations imposed by such factors as staffing, storage, conservation resources and display space. 
In the event of a decision to dispose of a work the Committee will contact the artist, giving details of the work involved and allowing a period of at least two months for interest in the return of the work to be expressed. The assets are stated at fair value and a corresponding entry has been made in the donated asset reserve. This will be reviewed annually by the directors and any impairment will be taken into account.
The company includes within fixed assets two heritage artworks with a combined valuation of £280,000. Although these works are on long-term loan from third parties, the company has determined it exercises control over the assets. The company is responsible for their safekeeping and insurance, and holds the rights to reproduce and exploit the works for educational and commercial purposes.
...CONTINUED
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2.3. Tangible Fixed Assets and Depreciation - continued
These assets are recognised in accordance with FRS 102 as they are deemed to provide future economic benefits and are under the company’s control.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 14)
1 14
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost or Valuation
As at 1 June 2023 920 428,651 429,571
Revaluation - 11,953 11,953
As at 31 May 2024 920 440,604 441,524
Depreciation
As at 1 June 2023 919 - 919
As at 31 May 2024 919 - 919
Net Book Value
As at 31 May 2024 1 440,604 440,605
As at 1 June 2023 1 428,651 428,652
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 324
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 8,248 2,077
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7. Reserves
Revaluation Reserve
£
As at 1 June 2023 428,651
Net investment property revaluation reserve 11,953
As at 31 May 2024 440,604
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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