Acorah Software Products - Accounts Production 16.3.350 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 01318678 Mr Peter Hamilton Mrs Mary Hamilton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01318678 2024-01-31 01318678 2025-01-31 01318678 2024-02-01 2025-01-31 01318678 frs-core:CurrentFinancialInstruments 2025-01-31 01318678 frs-core:ComputerEquipment 2025-01-31 01318678 frs-core:ComputerEquipment 2024-02-01 2025-01-31 01318678 frs-core:ComputerEquipment 2024-01-31 01318678 frs-core:FurnitureFittings 2025-01-31 01318678 frs-core:FurnitureFittings 2024-02-01 2025-01-31 01318678 frs-core:FurnitureFittings 2024-01-31 01318678 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-31 01318678 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 01318678 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 01318678 frs-core:PlantMachinery 2025-01-31 01318678 frs-core:PlantMachinery 2024-02-01 2025-01-31 01318678 frs-core:PlantMachinery 2024-01-31 01318678 frs-core:OtherReservesSubtotal 2025-01-31 01318678 frs-core:ShareCapital 2025-01-31 01318678 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 01318678 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 01318678 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 01318678 frs-bus:SmallEntities 2024-02-01 2025-01-31 01318678 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 01318678 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 01318678 frs-bus:Director1 2024-02-01 2025-01-31 01318678 frs-bus:Director2 2024-02-01 2025-01-31 01318678 frs-countries:EnglandWales 2024-02-01 2025-01-31 01318678 2023-01-31 01318678 2024-01-31 01318678 2023-02-01 2024-01-31 01318678 frs-core:CurrentFinancialInstruments 2024-01-31 01318678 frs-core:OtherReservesSubtotal 2024-01-31 01318678 frs-core:ShareCapital 2024-01-31 01318678 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 01318678
P.N. & M.P. Hamilton Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01318678
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 194,317 195,723
Investment Properties 5 1,050,000 1,050,000
1,244,317 1,245,723
CURRENT ASSETS
Debtors 6 10,044 14,492
Cash at bank and in hand 12,206 6,856
22,250 21,348
Creditors: Amounts Falling Due Within One Year 7 (4,483 ) (6,449 )
NET CURRENT ASSETS (LIABILITIES) 17,767 14,899
TOTAL ASSETS LESS CURRENT LIABILITIES 1,262,084 1,260,622
PROVISIONS FOR LIABILITIES
Deferred Taxation (203,684 ) (203,900 )
NET ASSETS 1,058,400 1,056,722
CAPITAL AND RESERVES
Called up share capital 8 61,942 61,942
Other reserves 377,264 377,264
Profit and Loss Account 619,194 617,516
SHAREHOLDERS' FUNDS 1,058,400 1,056,722
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For the year ending 31 January 2025 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 Mary Hamilton
Director
3 June 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
P.N. & M.P. Hamilton Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01318678 . The registered office is 6 Houndiscombe Road, Mutley, Plymouth, Devon, PL4 6HH.
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 fair value of consideration received or receivable for the provision of furnished holiday lettings, the letting of a residential property and of storage units, and for the sale of agricultural supplies.
The company recognises revenue for furnished holiday lettings, sale of agricultural supplies and provision of storage lettings facilities at the point of sale.  Revenue from residential is recognised on a time apportioned basis.
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 2% straight line (no charge on land)
Plant & Machinery 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 33% straight line
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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 2 (2024: 2)
2 2
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2024 196,839 12,039 25,343 1,806 236,027
As at 31 January 2025 196,839 12,039 25,343 1,806 236,027
Depreciation
As at 1 February 2024 4,074 10,449 24,870 911 40,304
Provided during the period 542 399 71 394 1,406
As at 31 January 2025 4,616 10,848 24,941 1,305 41,710
Net Book Value
As at 31 January 2025 192,223 1,191 402 501 194,317
As at 1 February 2024 192,765 1,590 473 895 195,723
5. Investment Property
2025
£
Fair Value
As at 1 February 2024 and 31 January 2025 1,050,000
Investment property is carried at fair value, derived from current market prices for comparable real estate determined annually by the directors, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 328 1,237
Other debtors 9,716 13,255
10,044 14,492
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 3,810 3,947
Taxation and social security 673 2,502
4,483 6,449
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 61,942 61,942
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9. Directors Advances, Credits and Guarantees
During the year, the company made cash advances to the directors totalling £13,892 and repayments totalling £15,816 were made. Interest is charged on the outstanding balance at the HMRC official rate. The amount owed to the company at the balance sheet date was £9,716 (2024 £11,640 debtor) and this amount is repayable on demand.
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