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 13673077 Mr Alan Price Mr Victor Fisk iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13673077 2023-10-31 13673077 2024-10-31 13673077 2023-11-01 2024-10-31 13673077 frs-core:CurrentFinancialInstruments 2024-10-31 13673077 frs-core:Non-currentFinancialInstruments 2024-10-31 13673077 frs-core:NetGoodwill 2024-10-31 13673077 frs-core:NetGoodwill 2023-11-01 2024-10-31 13673077 frs-core:NetGoodwill 2023-10-31 13673077 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 13673077 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 13673077 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 13673077 frs-core:MoreThanFiveYears 2024-10-31 13673077 frs-core:MotorVehicles 2024-10-31 13673077 frs-core:MotorVehicles 2023-11-01 2024-10-31 13673077 frs-core:MotorVehicles 2023-10-31 13673077 frs-core:PlantMachinery 2024-10-31 13673077 frs-core:PlantMachinery 2023-11-01 2024-10-31 13673077 frs-core:PlantMachinery 2023-10-31 13673077 frs-core:WithinOneYear 2024-10-31 13673077 frs-core:OtherReservesSubtotal 2024-10-31 13673077 frs-core:ShareCapital 2024-10-31 13673077 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 13673077 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 13673077 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 13673077 frs-bus:SmallEntities 2023-11-01 2024-10-31 13673077 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 13673077 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 13673077 frs-bus:Director1 2023-11-01 2024-10-31 13673077 frs-bus:Director2 2023-11-01 2024-10-31 13673077 frs-countries:EnglandWales 2023-11-01 2024-10-31 13673077 2022-10-31 13673077 2023-10-31 13673077 2022-11-01 2023-10-31 13673077 frs-core:CurrentFinancialInstruments 2023-10-31 13673077 frs-core:Non-currentFinancialInstruments 2023-10-31 13673077 frs-core:MoreThanFiveYears 2023-10-31 13673077 frs-core:WithinOneYear 2023-10-31 13673077 frs-core:OtherReservesSubtotal 2023-10-31 13673077 frs-core:ShareCapital 2023-10-31 13673077 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 13673077
Pilgrim Hotel Ltd
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13673077
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 20,000 30,000
Tangible Assets 5 1,071,788 866,655
1,091,788 896,655
CURRENT ASSETS
Stocks 6 5,461 7,235
Debtors 7 2,792 -
Cash at bank and in hand 98,889 80,198
107,142 87,433
Creditors: Amounts Falling Due Within One Year 8 (519,535 ) (540,303 )
NET CURRENT ASSETS (LIABILITIES) (412,393 ) (452,870 )
TOTAL ASSETS LESS CURRENT LIABILITIES 679,395 443,785
Creditors: Amounts Falling Due After More Than One Year 9 (607,403 ) (625,586 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,350 ) (15,304 )
NET ASSETS/(LIABILITIES) 63,642 (197,105 )
CAPITAL AND RESERVES
Called up share capital 11 1 1
Other reserves 248,893 -
Profit and Loss Account (185,252 ) (197,106 )
SHAREHOLDERS' FUNDS 63,642 (197,105)
Page 1
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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 Victor Fisk
Director
05/06/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pilgrim Hotel Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13673077 . The registered office is Rodway Hill Golf Course, Newent Road, Highnam, Gloucestershire, GL2 8DR.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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:
Freehold 10% Straight Line
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. 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: 26 (2023: 27)
26 27
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 50,000
As at 31 October 2024 50,000
Amortisation
As at 1 November 2023 20,000
Provided during the period 10,000
As at 31 October 2024 30,000
Net Book Value
As at 31 October 2024 20,000
As at 1 November 2023 30,000
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost or Valuation
As at 1 November 2023 786,107 93,647 27,600 907,354
Disposals (7,160 ) - - (7,160 )
Revaluation 248,893 - - 248,893
As at 31 October 2024 1,027,840 93,647 27,600 1,149,087
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 November 2023 - 28,624 12,075 40,699
Provided during the period - 32,719 3,881 36,600
As at 31 October 2024 - 61,343 15,956 77,299
Net Book Value
As at 31 October 2024 1,027,840 32,304 11,644 1,071,788
As at 1 November 2023 786,107 65,023 15,525 866,655
6. Stocks
2024 2023
£ £
Stock 5,461 7,235
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,792 -
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 13,602 13,602
Trade creditors 5,237 24,758
Bank loans and overdrafts 445,190 453,256
Other taxes and social security 5,057 4,550
VAT 45,075 38,092
Other creditors 126 1,040
Accruals and deferred income 5,248 5,005
519,535 540,303
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 28,085 41,686
Amounts owed to parent undertaking 579,318 583,900
607,403 625,586
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 13,602 13,602
Later than five years 28,085 41,686
41,687 55,288
41,687 55,288
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11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 6