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 05333701 Mr Matthew Barber Mr Thomas Barber iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05333701 2023-10-31 05333701 2024-10-31 05333701 2023-11-01 2024-10-31 05333701 frs-core:CurrentFinancialInstruments 2024-10-31 05333701 frs-core:Non-currentFinancialInstruments 2024-10-31 05333701 frs-core:ComputerEquipment 2024-10-31 05333701 frs-core:ComputerEquipment 2023-11-01 2024-10-31 05333701 frs-core:ComputerEquipment 2023-10-31 05333701 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 05333701 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 05333701 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 05333701 frs-core:RevaluationReserve 2023-11-01 2024-10-31 05333701 frs-core:RevaluationReserve 2024-10-31 05333701 frs-core:ShareCapital 2024-10-31 05333701 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 05333701 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05333701 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 05333701 frs-bus:SmallEntities 2023-11-01 2024-10-31 05333701 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 05333701 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 05333701 frs-bus:Director1 2023-11-01 2024-10-31 05333701 frs-bus:Director2 2023-11-01 2024-10-31 05333701 frs-countries:EnglandWales 2023-11-01 2024-10-31 05333701 2022-10-31 05333701 2023-10-31 05333701 2022-11-01 2023-10-31 05333701 frs-core:CurrentFinancialInstruments 2023-10-31 05333701 frs-core:Non-currentFinancialInstruments 2023-10-31 05333701 frs-core:RevaluationReserve 2023-10-31 05333701 frs-core:ShareCapital 2023-10-31 05333701 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 05333701
Capitis Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05333701
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 452,613 287,378
452,613 287,378
CURRENT ASSETS
Debtors 5 25,154 19,435
Cash at bank and in hand 185 238
25,339 19,673
Creditors: Amounts Falling Due Within One Year 6 (33,720 ) (39,218 )
NET CURRENT ASSETS (LIABILITIES) (8,381 ) (19,545 )
TOTAL ASSETS LESS CURRENT LIABILITIES 444,232 267,833
Creditors: Amounts Falling Due After More Than One Year 7 (280,292 ) (289,290 )
NET ASSETS/(LIABILITIES) 163,940 (21,457 )
CAPITAL AND RESERVES
Called up share capital 8 102 102
Revaluation reserve 9 169,604 -
Profit and Loss Account (5,766 ) (21,559 )
SHAREHOLDERS' FUNDS 163,940 (21,457)
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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 Matthew Barber
Director
30th May 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
Capitis Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05333701 . The registered office is Unit 1, M2m Park, Fort Bridgewood, Maidstone Road, Rochester, Kent, ME1 3DQ.
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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the Income Statement.
Freehold 2% on cost of buildings
Computer Equipment 25% on reducing balance
2.4. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
2.5. 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 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.
2.6. Debtors
 Short term debtors are measured at transaction price, less any impairment.
2.7. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions.
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2.8. Creditors
Short term creditors are measured at the transaction price.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 November 2023 300,396 8,627 309,023
Revaluation 169,604 - 169,604
As at 31 October 2024 470,000 8,627 478,627
Depreciation
As at 1 November 2023 13,528 8,117 21,645
Provided during the period 4,242 127 4,369
As at 31 October 2024 17,770 8,244 26,014
Net Book Value
As at 31 October 2024 452,230 383 452,613
As at 1 November 2023 286,868 510 287,378
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 18,000 -
Other debtors 7,154 19,435
25,154 19,435
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 2,536
Bank loans and overdrafts 19,774 6,334
Other creditors 12,245 27,060
Taxation and social security 1,701 3,288
33,720 39,218
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,640 21,638
Other loans 267,652 267,652
280,292 289,290
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 102 102
9. Reserves
Revaluation Reserve
£
Net investment property revaluation reserve 169,604
As at 31 October 2024 169,604
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