Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 12147548 Mr Robert Shearwood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12147548 2023-12-31 12147548 2024-12-31 12147548 2024-01-01 2024-12-31 12147548 frs-core:CurrentFinancialInstruments 2024-12-31 12147548 frs-core:Non-currentFinancialInstruments 2024-12-31 12147548 frs-core:FurnitureFittings 2024-12-31 12147548 frs-core:FurnitureFittings 2024-01-01 2024-12-31 12147548 frs-core:FurnitureFittings 2023-12-31 12147548 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 12147548 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12147548 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 12147548 frs-core:ShareCapital 2024-12-31 12147548 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12147548 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12147548 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12147548 frs-bus:SmallEntities 2024-01-01 2024-12-31 12147548 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12147548 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12147548 frs-bus:Director1 2024-01-01 2024-12-31 12147548 frs-countries:EnglandWales 2024-01-01 2024-12-31 12147548 2022-12-31 12147548 2023-12-31 12147548 2023-01-01 2023-12-31 12147548 frs-core:CurrentFinancialInstruments 2023-12-31 12147548 frs-core:Non-currentFinancialInstruments 2023-12-31 12147548 frs-core:ShareCapital 2023-12-31 12147548 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 12147548
Hart Farm Developments Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Graver & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12147548
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 652,415 572,508
652,415 572,508
CURRENT ASSETS
Debtors 5 19,245 522
Cash at bank and in hand 569 5,611
19,814 6,133
Creditors: Amounts Falling Due Within One Year 6 (14,904 ) (4,504 )
NET CURRENT ASSETS (LIABILITIES) 4,910 1,629
TOTAL ASSETS LESS CURRENT LIABILITIES 657,325 574,137
Creditors: Amounts Falling Due After More Than One Year 7 (634,360 ) (561,035 )
NET ASSETS 22,965 13,102
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 22,865 13,002
SHAREHOLDERS' FUNDS 22,965 13,102
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Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Robert Shearwood
Director
30th 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
Hart Farm Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12147548 . The registered office is 2 Station Road, Brundall, NR13 5LA.
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 invoiced value of rents charged by the company, net of Value Added Tax and trade discounts. All income is derived from activities within the UK.
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 NIL
Fixtures & Fittings 25% Reducing Balance
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2024 568,767 6,650 575,417
Additions 48,592 43,000 91,592
As at 31 December 2024 617,359 49,650 667,009
Depreciation
As at 1 January 2024 - 2,909 2,909
Provided during the period - 11,685 11,685
As at 31 December 2024 - 14,594 14,594
Net Book Value
As at 31 December 2024 617,359 35,056 652,415
As at 1 January 2024 568,767 3,741 572,508
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,974 -
Prepayments and accrued income 294 205
Other debtors 317 317
VAT 15,660 -
19,245 522
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,858 1,102
Corporation tax (1,954 ) 1,954
VAT - 1,448
14,904 4,504
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 33,333 38,889
Other creditors 524,461 455,575
Directors loan account 76,566 66,571
634,360 561,035
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
RPS Maintenance Services LtdR Shearwood is a director and shareholder of RPS Maintenance Services Ltd£39478.36 (£38700.00 - 2023) creditor on balance sheet

RPS Maintenance Services Ltd

R Shearwood is a director and shareholder of RPS Maintenance Services Ltd

£39478.36 (£38700.00 - 2023) creditor on balance sheet

Batemans Carpets LtdR Shearwood is a director and shareholder of Batemans Carpets Ltd£39625.84 (£38850.00 - 2023) creditor on balance sheet

Batemans Carpets Ltd

R Shearwood is a director and shareholder of Batemans Carpets Ltd

£39625.84 (£38850.00 - 2023) creditor on balance sheet

Beeston Garden Centre LtdR Shearwood is a director and shareholder of Beeston Garden Centre Ltd£317.24 (£317.24 - 2023) debtor on balance sheet

Beeston Garden Centre Ltd

R Shearwood is a director and shareholder of Beeston Garden Centre Ltd

£317.24 (£317.24 - 2023) debtor on balance sheet

RPS Builders LtdR Shearwood is a director and shareholder of RPS Builders Ltd£40367.52 (£39350 - 2023) creditor on Balance Sheet

RPS Builders Ltd

R Shearwood is a director and shareholder of RPS Builders Ltd

£40367.52 (£39350 - 2023) creditor on Balance Sheet

RP Shearwood Properties LtdR Shearwood is a director of R P Shearwood Properties LtdCreditor of £105745.52 (£97555.52 - 2023) on balance sheet

RP Shearwood Properties Ltd

R Shearwood is a director of R P Shearwood Properties Ltd

Creditor of £105745.52 (£97555.52 - 2023) on balance sheet

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