Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 07754816 Mr Paul Allen Mrs Sasha Allen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07754816 2023-08-31 07754816 2024-08-31 07754816 2023-09-01 2024-08-31 07754816 frs-core:CurrentFinancialInstruments 2024-08-31 07754816 frs-core:Non-currentFinancialInstruments 2024-08-31 07754816 frs-core:ComputerEquipment 2024-08-31 07754816 frs-core:ComputerEquipment 2023-09-01 2024-08-31 07754816 frs-core:ComputerEquipment 2023-08-31 07754816 frs-core:FurnitureFittings 2024-08-31 07754816 frs-core:FurnitureFittings 2023-09-01 2024-08-31 07754816 frs-core:FurnitureFittings 2023-08-31 07754816 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 07754816 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07754816 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 07754816 frs-core:MotorVehicles 2024-08-31 07754816 frs-core:MotorVehicles 2023-09-01 2024-08-31 07754816 frs-core:MotorVehicles 2023-08-31 07754816 frs-core:PlantMachinery 2024-08-31 07754816 frs-core:PlantMachinery 2023-09-01 2024-08-31 07754816 frs-core:PlantMachinery 2023-08-31 07754816 frs-core:OtherReservesSubtotal 2024-08-31 07754816 frs-core:ShareCapital 2024-08-31 07754816 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 07754816 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07754816 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 07754816 frs-bus:SmallEntities 2023-09-01 2024-08-31 07754816 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 07754816 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 07754816 frs-bus:Director1 2023-09-01 2024-08-31 07754816 frs-bus:Director2 2023-09-01 2024-08-31 07754816 frs-countries:EnglandWales 2023-09-01 2024-08-31 07754816 2022-08-31 07754816 2023-08-31 07754816 2022-09-01 2023-08-31 07754816 frs-core:CurrentFinancialInstruments 2023-08-31 07754816 frs-core:Non-currentFinancialInstruments 2023-08-31 07754816 frs-core:OtherReservesSubtotal 2023-08-31 07754816 frs-core:ShareCapital 2023-08-31 07754816 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 07754816
Fairfax Holiday Rentals Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Wilkinson Accounting Solutions Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07754816
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 372,191 381,792
372,191 381,792
CURRENT ASSETS
Cash at bank and in hand 49,549 82,147
49,549 82,147
Creditors: Amounts Falling Due Within One Year 5 (1,952 ) (2,065 )
NET CURRENT ASSETS (LIABILITIES) 47,597 80,082
TOTAL ASSETS LESS CURRENT LIABILITIES 419,788 461,874
Creditors: Amounts Falling Due After More Than One Year 6 (216,281 ) (248,928 )
NET ASSETS 203,507 212,946
CAPITAL AND RESERVES
Called up share capital 7 200 200
Other reserves 245,000 245,000
Profit and Loss Account (41,693 ) (32,254 )
SHAREHOLDERS' FUNDS 203,507 212,946
Page 1
Page 2
For the year ending 31 August 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 Sasha Allen
Director
29/05/2025
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
Fairfax Holiday Rentals Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07754816 . The registered office is Stuart House-East Wing, St. Johns Street, Peterborough, PE1 5DD.
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:
Freehold 0%
Plant & Machinery 18%
Motor Vehicles 18%
Fixtures & Fittings 18%
Computer Equipment 18%
2.4.
Trade Creditors
Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts Payable are classified as current liabilities if the company does not have an unconditional right at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 September 2023 376,014 7,413 3,797 27,358
Additions - - - -
As at 31 August 2024 376,014 7,413 3,797 27,358
Depreciation
As at 1 September 2023 18,750 2,687 1,567 10,922
Provided during the period 6,250 851 402 2,958
As at 31 August 2024 25,000 3,538 1,969 13,880
Net Book Value
As at 31 August 2024 351,014 3,875 1,828 13,478
As at 1 September 2023 357,264 4,726 2,230 16,436
Computer Equipment Total
£ £
Cost
As at 1 September 2023 4,263 418,845
Additions 1,298 1,298
As at 31 August 2024 5,561 420,143
Depreciation
As at 1 September 2023 3,127 37,053
Provided during the period 438 10,899
As at 31 August 2024 3,565 47,952
Net Book Value
As at 31 August 2024 1,996 372,191
As at 1 September 2023 1,136 381,792
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 56
Other creditors 1,952 1,914
Accruals and deferred income - 95
1,952 2,065
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 216,281 248,928
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7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 5