Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 SC080567 Mr C F Hall Mr C F Hall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC080567 2024-03-31 SC080567 2025-03-31 SC080567 2024-04-01 2025-03-31 SC080567 frs-core:CurrentFinancialInstruments 2025-03-31 SC080567 frs-core:Non-currentFinancialInstruments 2025-03-31 SC080567 frs-core:ComputerEquipment 2025-03-31 SC080567 frs-core:ComputerEquipment 2024-04-01 2025-03-31 SC080567 frs-core:ComputerEquipment 2024-03-31 SC080567 frs-core:InvestmentPropertyIncludedWithinPPE 2025-03-31 SC080567 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-01 2025-03-31 SC080567 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 SC080567 frs-core:CapitalRedemptionReserve 2025-03-31 SC080567 frs-core:ShareCapital 2025-03-31 SC080567 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC080567 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC080567 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC080567 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC080567 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC080567 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC080567 frs-bus:Director1 2024-04-01 2025-03-31 SC080567 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 SC080567 frs-countries:Scotland 2024-04-01 2025-03-31 SC080567 2023-03-31 SC080567 2024-03-31 SC080567 2023-04-01 2024-03-31 SC080567 frs-core:CurrentFinancialInstruments 2024-03-31 SC080567 frs-core:Non-currentFinancialInstruments 2024-03-31 SC080567 frs-core:CapitalRedemptionReserve 2024-03-31 SC080567 frs-core:ShareCapital 2024-03-31 SC080567 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC080567
Hallbank Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC080567
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,409,736 1,403,884
Investments - 1
1,409,736 1,403,885
CURRENT ASSETS
Debtors 5 1,921 57
Cash at bank and in hand 36,792 30,010
38,713 30,067
Creditors: Amounts Falling Due Within One Year 6 (6,965 ) (10,168 )
NET CURRENT ASSETS (LIABILITIES) 31,748 19,899
TOTAL ASSETS LESS CURRENT LIABILITIES 1,441,484 1,423,784
Creditors: Amounts Falling Due After More Than One Year 7 (338,680 ) (338,680 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (121,935 ) (120,795 )
NET ASSETS 980,869 964,309
CAPITAL AND RESERVES
Called up share capital 8 1,500 1,500
Capital redemption reserve 500 500
Profit and Loss Account 978,869 962,309
SHAREHOLDERS' FUNDS 980,869 964,309
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Page 2
For the year ending 31 March 2025 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 C F Hall
Director
11 July 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Hallbank Limited is a private company, limited by shares, incorporated in Scotland, registered number SC080567 . The registered office is Broomfield 202 Mansfield Road, Balerno, Edinburgh, City Of Edinburgh, EH14 7JX.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Computer Equipment Straight line over 3 years
2.4. 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.
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 (2024: 2)
2 2
4. Tangible Assets
Investment Properties Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 April 2024 1,403,500 1,106 1,404,606
Revaluation 6,000 - 6,000
As at 31 March 2025 1,409,500 1,106 1,410,606
Depreciation
As at 1 April 2024 - 722 722
Provided during the period - 148 148
As at 31 March 2025 - 870 870
Net Book Value
As at 31 March 2025 1,409,500 236 1,409,736
As at 1 April 2024 1,403,500 384 1,403,884
The valuations were arrived at by reference to market evidence and assumed a willing buyer and a willing seller in an arm's length transaction, after proper marketing and where the parties are acting knowledgeably, prudently and without compulsion.
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,921 57
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 312 453
Corporation tax 265 -
Other taxes and social security 52 277
Accruals and deferred income 1,080 1,008
Director's loan account 4,256 7,256
Amounts owed to subsidiaries - 174
Amounts owed to related parties 1,000 1,000
6,965 10,168
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 338,680 338,680
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,500 1,500
9. Reserves
Within the profit and loss reserve there are £536,181 (2024: £531,321) of reserves that are non-distributable.
10. Related Party Transactions
As at 31 March 2025 the Director, Mr CF Hall was owed, £4,256 (2024: £7,256) by the Company.
As at 31 March 2025 the Company owed Nil to Halliot Ltd (2024: £174), a Company with a common Director.
As at 31 March 2025 the Company owed £1,000 to Throk Morton Ltd (2024: £1,000), a Company with a common Director.
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