Acorah Software Products - Accounts Production 16.3.350 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10133060 Mr Jeffrey Edmund Cox Mrs Ann Cox iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10133060 2023-12-31 10133060 2024-12-31 10133060 2024-01-01 2024-12-31 10133060 frs-core:CurrentFinancialInstruments 2024-12-31 10133060 frs-core:Non-currentFinancialInstruments 2024-12-31 10133060 frs-core:ComputerEquipment 2024-12-31 10133060 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10133060 frs-core:ComputerEquipment 2023-12-31 10133060 frs-core:FurnitureFittings 2024-12-31 10133060 frs-core:FurnitureFittings 2024-01-01 2024-12-31 10133060 frs-core:FurnitureFittings 2023-12-31 10133060 frs-core:NetGoodwill 2024-01-01 2024-12-31 10133060 frs-core:MotorVehicles 2024-12-31 10133060 frs-core:MotorVehicles 2024-01-01 2024-12-31 10133060 frs-core:MotorVehicles 2023-12-31 10133060 frs-core:WithinOneYear 2024-12-31 10133060 frs-core:CapitalRedemptionReserve 2024-12-31 10133060 frs-core:ShareCapital 2024-12-31 10133060 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10133060 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10133060 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10133060 frs-bus:SmallEntities 2024-01-01 2024-12-31 10133060 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10133060 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10133060 frs-bus:Director1 2024-01-01 2024-12-31 10133060 frs-bus:Director1 2023-12-31 10133060 frs-bus:Director1 2024-12-31 10133060 frs-bus:Director2 2024-01-01 2024-12-31 10133060 frs-countries:EnglandWales 2024-01-01 2024-12-31 10133060 2022-12-31 10133060 2023-12-31 10133060 2023-01-01 2023-12-31 10133060 frs-core:CurrentFinancialInstruments 2023-12-31 10133060 frs-core:Non-currentFinancialInstruments 2023-12-31 10133060 frs-core:WithinOneYear 2023-12-31 10133060 frs-core:CapitalRedemptionReserve 2023-12-31 10133060 frs-core:ShareCapital 2023-12-31 10133060 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10133060
Henleys Residential Limited
Financial Statements
For The Year Ended 31 December 2024
Triple Bottom Line Accounting Limited
Association of International Accountants
The Enterprise Centre University Of East Anglia
Earlham Road
Norwich
Norfolk
NR4 7TJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10133060
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,168 14,317
12,168 14,317
CURRENT ASSETS
Debtors 5 152,796 45,502
Cash at bank and in hand 24,749 114,150
177,545 159,652
Creditors: Amounts Falling Due Within One Year 6 (68,419 ) (57,667 )
NET CURRENT ASSETS (LIABILITIES) 109,126 101,985
TOTAL ASSETS LESS CURRENT LIABILITIES 121,294 116,302
Creditors: Amounts Falling Due After More Than One Year 7 (9,423 ) (24,482 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,043 ) (3,579 )
NET ASSETS 108,828 88,241
CAPITAL AND RESERVES
Called up share capital 9 50 50
Capital redemption reserve 50 50
Profit and Loss Account 108,728 88,141
SHAREHOLDERS' FUNDS 108,828 88,241
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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 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 Jeffrey Edmund Cox
Director
30/06/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Henleys Residential Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10133060 . The registered office is 12 Church Street, Cromer, United Kingdom, NR27 9ER.
The princlpal trading address Is 15 West Street, Cromer, Norfolk, NR27 9HZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The flnanclal statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disdosure requirements of Section 1A of FRS 102 have been applied other than where additional disdosure is required to show a tn.Je and fair view.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The following principal accounting policies have been applied:
2.2. Going Concern Disclosure
The directors have considered a period of twelve months from the date of approval of the financial statements. They consider that projected income together with current cash reserves will be more than adequate for the company's needs. As such they believe that the financial statements should be prepared on a going concern basis.
2.3. Turnover
Revenue is recognised to the extent that It is probable that the economic benefits will f1<7Nto the Company and the revenue can be reliably measured. Revenue Is measured as the fair value of the consideration received or receivable, exciuding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue Is comprised of commission from the sale or letting of properties and referrals for mortgages from solicitors. The contract is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
• the amount of revenue can be measured reliably;
• it is probable that the Company will receive the consideration due under the contract;
• the stage of completion of the contract at the end of the reporting period can be measured reliably; and
• the costs incurred and the costs to complete the contract can be measured reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any Indication that the assets are impaired. Where there is any indication that an asset may be Impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. Ar1 Impairment loss Is recognised for the amount by which the asset's carrying amount exceeds its reooverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less oosts to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non~financial assets that have been previously Impaired are reviewed at each balance sheet date to assess whether there is any Indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets under the oost 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 oondition necessary for it to be capable of operating in the manner intended by management. 
At eacJh reporting date the Company assesses v.t,ether there Is any indication of impairment. If such indication exists, the reooverable amount of the asset Is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss Is recognised where the carrying amount exceeds the recoverable amount.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation Is provided on the following basis:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Office Equipment 25% reducing balance
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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 amount and are recognised In profit or loss.
2.6. Leasing and Hire Purchase Contracts
Finance costs are charged to profit or loss over the term of the debt using the effective Interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are inltlally recognised as a reduction in the proceeds of the associated capital instrument.
2.7. Financial Instruments
The Company has elected to apply the provisions of Section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instuments.
Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.
Financial assets and llabillties are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there Is an Intention to settle on a net basis or to realise the asset and settle the liability slmultaneously.
Basic financial asstes
Basic financial assets, which inciude trade and other receivables, cash and bank balances, are initially measured al their transactioo pric:e Including transaction costs and are subsequently carried at their amortised cost using the effective Interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of Interest.
Discounting Is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Financlal liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered Into. An equity instruments any contract that evidences a residua! interest in the assets of the Company after the deduction of all Its liabilities.
Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt Instrument is measured at the present value of the future payments discounted at a market rate of Interest. Discounting Is omitted where the effect of discounting Is immaterial.
Debt instruments are subsequenUy carried at their amortised cost using the effective interest rate method.
Trade payables are obligations to pay for goods and services that have been aaiuired in the ordinary course of business from suppliers. Trade payables are dassified as current liabilities If the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transactjon price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Derecognition of financial assets
Financial assets are dereoognised v,hen their contractual right to future cash flow expire, Of are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company wtll continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financlal liabilities
Financial liabilities are derecognlsed when the Company's contractual obligations expire or are discharged or cancelled.
2.8. Taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss exoept that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity Is also recognised In other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates Income.
Deferred tax balances are reoognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
• The recognition of deferred tax assets Is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
• Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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2.9. Pensions
Defined contribution pension plan
The company operates a defined contribution plan for its employees.  A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. 
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company In independently administered funds.
2.10. Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
2.11. Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective Interest method.
2.12. Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised v,t,en approved by the shareholders with the year end statutory aooounts
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Office Equipment Total
£ £ £ £
Cost
As at 1 January 2024 24,940 4,188 10,339 39,467
Additions - - 1,500 1,500
As at 31 December 2024 24,940 4,188 11,839 40,967
Depreciation
As at 1 January 2024 14,630 2,948 7,572 25,150
Provided during the period 2,578 311 760 3,649
As at 31 December 2024 17,208 3,259 8,332 28,799
Net Book Value
As at 31 December 2024 7,732 929 3,507 12,168
As at 1 January 2024 10,310 1,240 2,767 14,317
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,410 12,230
Prepayments and accrued income 6,580 7,797
Other debtors 141,806 25,475
152,796 45,502
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,036 4,799
Trade creditors 5,241 3,466
Bank loans and overdrafts 10,000 10,015
Corporation tax 25,945 21,272
Other taxes and social security 6,040 15,338
VAT 14,057 -
Accruals and deferred income 2,100 2,678
Amounts owed to joint ventures - 99
68,419 57,667
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,275 10,315
Bank loans 4,148 14,167
9,423 24,482
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,036 4,799
Less: Finance charges allocated to future periods (5,275 ) (10,315 )
10,311 15,114
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50 50
10. Pension Commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £11,968 (2023 - £4,289).
There were no outstanding contributions payable to the fund at the balance sheet date (2023 - £nil).
11. Directors Advances, Credits and Guarantees
As at the year end, the company was owed £141,806 (2023: £25,475) by Its directors In respect of overdrawn directors' loan accounts. The loans are subject to an interest charge at the officlal beneficial loan rates and are repayable on demand. The loans have been repaid post year end.
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Jeffrey Cox 25,475 141,806 25,475 - 141,806
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