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 12962990 Mr James Medlam Mrs Lynsey Rose iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12962990 2023-10-31 12962990 2024-10-31 12962990 2023-11-01 2024-10-31 12962990 frs-core:CurrentFinancialInstruments 2024-10-31 12962990 frs-core:Non-currentFinancialInstruments 2024-10-31 12962990 frs-core:FurnitureFittings 2024-10-31 12962990 frs-core:FurnitureFittings 2023-11-01 2024-10-31 12962990 frs-core:FurnitureFittings 2023-10-31 12962990 frs-core:PlantMachinery 2024-10-31 12962990 frs-core:PlantMachinery 2023-11-01 2024-10-31 12962990 frs-core:PlantMachinery 2023-10-31 12962990 frs-core:ShareCapital 2024-10-31 12962990 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 12962990 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12962990 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 12962990 frs-bus:SmallEntities 2023-11-01 2024-10-31 12962990 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12962990 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12962990 frs-bus:OrdinaryShareClass1 2023-11-01 2024-10-31 12962990 frs-bus:OrdinaryShareClass1 2024-10-31 12962990 frs-bus:OrdinaryShareClass2 2023-11-01 2024-10-31 12962990 frs-bus:OrdinaryShareClass2 2024-10-31 12962990 frs-bus:Director1 2023-11-01 2024-10-31 12962990 frs-bus:Director2 2023-11-01 2024-10-31 12962990 frs-countries:EnglandWales 2023-11-01 2024-10-31 12962990 2022-10-31 12962990 2023-10-31 12962990 2022-11-01 2023-10-31 12962990 frs-core:CurrentFinancialInstruments 2023-10-31 12962990 frs-core:Non-currentFinancialInstruments 2023-10-31 12962990 frs-core:BetweenOneFiveYears 2023-10-31 12962990 frs-core:PlantMachinery 2022-11-01 2023-10-31 12962990 frs-core:ShareCapital 2023-10-31 12962990 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12962990 frs-bus:OrdinaryShareClass1 2022-11-01 2023-10-31 12962990 frs-bus:OrdinaryShareClass2 2022-11-01 2023-10-31
Registered number: 12962990
Elite Holiday Lettings Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
DEB Chartered Accountants
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 12962990
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 656,406 672,765
656,406 672,765
CURRENT ASSETS
Debtors 5 49,606 48,899
Cash at bank and in hand 13,000 19,148
62,606 68,047
Creditors: Amounts Falling Due Within One Year 6 (459,289 ) (483,432 )
NET CURRENT ASSETS (LIABILITIES) (396,683 ) (415,385 )
TOTAL ASSETS LESS CURRENT LIABILITIES 259,723 257,380
Creditors: Amounts Falling Due After More Than One Year 7 (14,247 ) (18,318 )
NET ASSETS 245,476 239,062
CAPITAL AND RESERVES
Called up share capital 8 4 4
Profit and Loss Account 245,472 239,058
SHAREHOLDERS' FUNDS 245,476 239,062
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
Mrs Lynsey Rose
Director
26/06/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Elite Holiday Lettings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12962990 . The registered office is DEB House, 19 Middlewoods Way, Carlton, Barnsley, South Yorkshire, S71 3HR.
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. 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:
Lodges & Caravans straight line over 25 years and 50 years
Equipment Furniture & Fittings 25% reducing balance
2.4. 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.
2.5. 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.
...CONTINUED
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2.5. Taxation - continued
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 (2023: 2)
2 2
4. Tangible Assets
Lodges & Caravans Equipment Furniture & Fittings Total
£ £ £
Cost
As at 1 November 2023 690,718 42,175 732,893
Additions - 4,167 4,167
As at 31 October 2024 690,718 46,342 737,060
Depreciation
As at 1 November 2023 37,152 22,976 60,128
Provided during the period 14,684 5,842 20,526
As at 31 October 2024 51,836 28,818 80,654
Net Book Value
As at 31 October 2024 638,882 17,524 656,406
As at 1 November 2023 653,566 19,199 672,765
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Lodges & Caravans 38,276 40,015
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 42,629 39,573
Prepayments and accrued income 3,977 6,326
Other debtors 3,000 3,000
49,606 48,899
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Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,071 4,071
Trade creditors 576 -
VAT 37,483 66,416
Accruals and deferred income 2,127 2,983
Directors' loan accounts 19,996 19,996
Amounts owed to associates 395,036 389,966
459,289 483,432
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,247 18,318
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.000 each 2 2
2 Ordinary A shares of £ 1.000 each 2 2
4 4
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Later than one year and not later than five years - 12,000
- 12,000
10. Related Party Transactions
The company is controlled by Mr J Medlam & Mrs L Rose directors & shareholders of the company.
 The balances on the directors' loan accounts of Mr J Medlam & Mrs L Rose at 31st October 2024 were £12,498 & £7,498  (2023 £12,498 & £7,498) due from the company.
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