Acorah Software Products - Accounts Production 16.4.660 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 04247584 The Hon J Holland-Hibbert Mr H T Holland-Hibbert true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04247584 2023-07-31 04247584 2024-07-31 04247584 2023-08-01 2024-07-31 04247584 frs-core:CurrentFinancialInstruments 2024-07-31 04247584 frs-core:FurnitureFittings 2024-07-31 04247584 frs-core:FurnitureFittings 2023-08-01 2024-07-31 04247584 frs-core:FurnitureFittings 2023-07-31 04247584 frs-core:ShareCapital 2024-07-31 04247584 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 04247584 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04247584 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 04247584 frs-bus:SmallEntities 2023-08-01 2024-07-31 04247584 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04247584 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 04247584 1 2023-08-01 2024-07-31 04247584 frs-bus:Director1 2023-08-01 2024-07-31 04247584 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 04247584 frs-countries:EnglandWales 2023-08-01 2024-07-31 04247584 2022-07-31 04247584 2023-07-31 04247584 2022-08-01 2023-07-31 04247584 frs-core:CurrentFinancialInstruments 2023-07-31 04247584 frs-core:ShareCapital 2023-07-31 04247584 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 04247584
James Holland-Hibbert Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 04247584
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,008 1,529
1,008 1,529
CURRENT ASSETS
Stocks 5 2,874,031 2,814,184
Debtors 6 5,545 107,206
Cash at bank and in hand 19,719 233,140
2,899,295 3,154,530
Creditors: Amounts Falling Due Within One Year 7 (1,426,076 ) (1,517,286 )
NET CURRENT ASSETS (LIABILITIES) 1,473,219 1,637,244
TOTAL ASSETS LESS CURRENT LIABILITIES 1,474,227 1,638,773
NET ASSETS 1,474,227 1,638,773
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 1,474,226 1,638,772
SHAREHOLDERS' FUNDS 1,474,227 1,638,773
For the year ending 31 July 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
The Hon J Holland-Hibbert
Director
15/07/2025
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
James Holland-Hibbert Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04247584 . The registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ.
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.
These financial statements are presented in £ sterling, which is the functional currency of the company and rounded to the nearest £.
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 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.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful 
lives, using the straight-line method.
Fixtures & Fittings 25%
2.4. Stocks and Work in Progress
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete 
and sell. Cost is based on the cost of purchase on a first in, first out basis.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced 
to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
2.5. Foreign Currencies
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of 
the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items 
measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary 
items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the 
statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and 
losses are presented in the statement of income and retained earnings within 'other operating income'.
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Page 3
2.6. 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.
2.7. 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.
2.8. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not morethan 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
2.9. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 August 2023 55,496
As at 31 July 2024 55,496
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 August 2023 53,967
Provided during the period 521
As at 31 July 2024 54,488
Net Book Value
As at 31 July 2024 1,008
As at 1 August 2023 1,529
5. Stocks
2024 2023
£ £
Stock 2,874,031 2,814,184
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 52,500
Other debtors 5,280 5,280
Other taxes and social security 265 49,426
5,545 107,206
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,501 19,894
Corporation tax 1,364 51,745
Other creditors - 85,000
Accruals and deferred income 2,295 2,285
Director's loan account 1,317,210 1,321,658
Amounts owed to group undertakings 102,706 36,704
1,426,076 1,517,286
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Related Party Transactions
The Company has taken the exemption under FRS 102 section 33.1A not to disclose transactions and balances with other group companies, on the basis that it is a wholly owned subsidiary.
During the year the company loaned an associate of its parent, Hazlitt Holland Hibbert Limited £Nil (2024 - £NIL). The associate made repayments of £Nil (2024) during the current year, meaning at the year-end, the balance owned to James Holland-Hibbert Limited was £5,280 (2024 - £5,280). The loan is interest free and repayable on demand.
10. Ultimate Controlling Party
The company is controlled by Sydney Holdings Limited. The ultimate controlling party is The Hon J Holland-Hibbert by virtue of his 100% ownership of the issued share capital of Sydney Holdings Limited.
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