Acorah Software Products - Accounts Production 16.3.350 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 13459904 Mr Mark Costello Mrs Dawn Costello-Allen Mr Jamie Allen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13459904 2023-06-30 13459904 2024-06-30 13459904 2023-07-01 2024-06-30 13459904 frs-core:CurrentFinancialInstruments 2024-06-30 13459904 frs-core:ShareCapital 2024-06-30 13459904 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 13459904 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13459904 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 13459904 frs-bus:SmallEntities 2023-07-01 2024-06-30 13459904 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 13459904 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 13459904 frs-bus:Director1 2023-07-01 2024-06-30 13459904 frs-bus:Director2 2023-07-01 2024-06-30 13459904 frs-bus:Director3 2023-07-01 2024-06-30 13459904 frs-countries:EnglandWales 2023-07-01 2024-06-30 13459904 2022-06-30 13459904 2023-06-30 13459904 2022-07-01 2023-06-30 13459904 frs-core:CurrentFinancialInstruments 2023-06-30 13459904 frs-core:ShareCapital 2023-06-30 13459904 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 13459904
IHHL Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
MSB Basildon
36 Southernhay
Basildon Town Centre
Essex
SS14 1ET
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13459904
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 650,000 650,000
650,000 650,000
CURRENT ASSETS
Debtors 5 4,039 26,974
Cash at bank and in hand 5,001 20,000
9,040 46,974
Creditors: Amounts Falling Due Within One Year 6 (1,561,708 ) (1,437,531 )
NET CURRENT ASSETS (LIABILITIES) (1,552,668 ) (1,390,557 )
TOTAL ASSETS LESS CURRENT LIABILITIES (902,668 ) (740,557 )
NET LIABILITIES (902,668 ) (740,557 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (902,768 ) (740,657 )
SHAREHOLDERS' FUNDS (902,668) (740,557)
For the year ending 30 June 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 Jamie Allen
Director
23/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
IHHL Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13459904 . The registered office is 36 Southernhay, Basildon, Essex, SS14 1ET.
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. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 1)
- 1
4. Investment Property
2024
£
Fair Value
As at 1 July 2023 and 30 June 2024 650,000
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 342 -
VAT 3,697 26,974
4,039 26,974
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,163 65,540
Bank loans and overdrafts 8,903 6,718
Other taxes and social security 25,885 18,851
Accruals and deferred income 1,500 1,350
Directors' loan accounts 1,475,878 1,296,693
Innovation Build Projects Ltd - Intercompany Loan Account 48,379 48,379
1,561,708 1,437,531
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
The following related party transactions have taken place during the year:
The company borrowed £48,379 from a related party in the name of Innovation Build Projects Ltd. 
The company has assessed the significance of these related party transactions and has concluded that they do not have a material impact on the financial statements.
Page 3