Acorah Software Products - Accounts Production 16.4.675 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 13710285 Mr David Pelle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13710285 2023-10-31 13710285 2024-10-31 13710285 2023-11-01 2024-10-31 13710285 frs-core:CurrentFinancialInstruments 2024-10-31 13710285 frs-core:Non-currentFinancialInstruments 2024-10-31 13710285 frs-core:FurnitureFittings 2024-10-31 13710285 frs-core:FurnitureFittings 2023-11-01 2024-10-31 13710285 frs-core:FurnitureFittings 2023-10-31 13710285 frs-core:InvestmentPropertyIncludedWithinPPE 2024-10-31 13710285 frs-core:InvestmentPropertyIncludedWithinPPE 2023-11-01 2024-10-31 13710285 frs-core:InvestmentPropertyIncludedWithinPPE 2023-10-31 13710285 frs-core:ShareCapital 2024-10-31 13710285 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 13710285 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 13710285 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 13710285 frs-bus:SmallEntities 2023-11-01 2024-10-31 13710285 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 13710285 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 13710285 frs-bus:Director1 2023-11-01 2024-10-31 13710285 frs-countries:EnglandWales 2023-11-01 2024-10-31 13710285 2022-10-31 13710285 2023-10-31 13710285 2022-11-01 2023-10-31 13710285 frs-core:CurrentFinancialInstruments 2023-10-31 13710285 frs-core:Non-currentFinancialInstruments 2023-10-31 13710285 frs-core:ShareCapital 2023-10-31 13710285 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 13710285
St Ignatius Holdings Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13710285
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 716,235 701,918
716,235 701,918
CURRENT ASSETS
Debtors 5 2,999 2,892
Cash at bank and in hand 1,048 2,908
4,047 5,800
Creditors: Amounts Falling Due Within One Year 6 (247,286 ) (243,141 )
NET CURRENT ASSETS (LIABILITIES) (243,239 ) (237,341 )
TOTAL ASSETS LESS CURRENT LIABILITIES 472,996 464,577
Creditors: Amounts Falling Due After More Than One Year 7 (476,518 ) (476,518 )
NET LIABILITIES (3,522 ) (11,941 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (3,622 ) (12,041 )
SHAREHOLDERS' FUNDS (3,522) (11,941)
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 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 David Pelle
Director
18/07/2025
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
St Ignatius Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13710285 . The registered office is 1 Derwent Business Centre, Clarke Street , Derby, DE1 2BU.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director's who have undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
2.4. 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:
Fixtures & Fittings 25% Straight line
2.5. Investment Properties
Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
Changes in fair value are recognised in the profit and loss account.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.7. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Investment Properties Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 November 2023 700,000 3,598 703,598
Additions 5,535 290 5,825
Revaluation 9,465 - 9,465
As at 31 October 2024 715,000 3,888 718,888
Depreciation
As at 1 November 2023 - 1,680 1,680
Provided during the period - 973 973
As at 31 October 2024 - 2,653 2,653
Net Book Value
As at 31 October 2024 715,000 1,235 716,235
As at 1 November 2023 700,000 1,918 701,918
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 107 -
Other debtors 2,892 2,892
2,999 2,892
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 2,792 3,243
Accruals and deferred income 294 984
Director's loan account 244,200 238,914
247,286 243,141
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 476,518 476,518
8. Secured Creditors
Of the creditors falling due after more than one year the following amount is secured by a fixed charge over the investment properties. The mortgages are interest only with terms of 35 years.
2024 2023
£ £
Bank loans and overdrafts 476,518 476,518
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4