Acorah Software Products - Accounts Production 16.4.675 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10425224 Robert Holmes Nicolas Holmes Robert Holmes & Company Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10425224 2023-03-31 10425224 2024-03-31 10425224 2023-04-01 2024-03-31 10425224 frs-core:CurrentFinancialInstruments 2024-03-31 10425224 frs-core:BetweenOneFiveYears 2024-03-31 10425224 frs-core:ComputerEquipment 2023-04-01 2024-03-31 10425224 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 10425224 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 10425224 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 10425224 frs-core:MoreThanFiveYears 2024-03-31 10425224 frs-core:PlantMachinery 2024-03-31 10425224 frs-core:PlantMachinery 2023-04-01 2024-03-31 10425224 frs-core:PlantMachinery 2023-03-31 10425224 frs-core:WithinOneYear 2024-03-31 10425224 frs-core:ShareCapital 2024-03-31 10425224 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10425224 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10425224 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10425224 frs-bus:SmallEntities 2023-04-01 2024-03-31 10425224 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10425224 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10425224 1 2023-04-01 2024-03-31 10425224 frs-bus:Director1 2023-04-01 2024-03-31 10425224 frs-bus:Director2 2023-04-01 2024-03-31 10425224 frs-countries:EnglandWales 2023-04-01 2024-03-31 10425224 2022-03-31 10425224 2023-03-31 10425224 2022-04-01 2023-03-31 10425224 frs-core:CurrentFinancialInstruments 2023-03-31 10425224 frs-core:BetweenOneFiveYears 2023-03-31 10425224 frs-core:MoreThanFiveYears 2023-03-31 10425224 frs-core:WithinOneYear 2023-03-31 10425224 frs-core:ShareCapital 2023-03-31 10425224 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10425224
Robert Holmes And Company (Coombe) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: 10425224
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,061 21,328
18,061 21,328
CURRENT ASSETS
Debtors 5 56,117 81,402
Cash at bank and in hand 29,450 4,549
85,567 85,951
Creditors: Amounts Falling Due Within One Year 6 (589,002 ) (390,851 )
NET CURRENT ASSETS (LIABILITIES) (503,435 ) (304,900 )
TOTAL ASSETS LESS CURRENT LIABILITIES (485,374 ) (283,572 )
NET LIABILITIES (485,374 ) (283,572 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (485,474 ) (283,672 )
SHAREHOLDERS' FUNDS (485,374) (283,572)
For the year ending 31 March 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
Robert Holmes
Director
22/07/2025
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Robert Holmes And Company (Coombe) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10425224 . The registered office is C/O Rayner Essex, Tavistock House South, Tavistock Square, London, WC1H 9LG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with FRS 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.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 
Turnover represents commissions receivable on the sale of properties and lettings income. Sales commissions receivable on property sales are recognised at the point the purchaser and seller exchange contracts.
Lettings income is recognised at the point rent is received from tenants.
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:
Leasehold Over the term of the lease
Plant & Machinery 15% on a reducing balance basis
Computer Equipment 33% on a reducing balance basis
2.5. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit or loss on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
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 liabilities 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 simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
...CONTINUED
Page 2
Page 3
2.6. Financial Instruments - continued
Basic financial liabilities, including trade creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at the transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.
2.7. Taxation
The tax expense represents the sum of the tax currently payable and any deferred tax.
Current tax
The tax currently payable is based on the taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
2.8. Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
2.9. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of an asset.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is committed to terminate the employment of an employee or to provide termination benefits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 April 2023 20,136 32,457 52,593
As at 31 March 2024 20,136 32,457 52,593
Depreciation
As at 1 April 2023 7,269 23,996 31,265
Provided during the period 1,343 1,924 3,267
As at 31 March 2024 8,612 25,920 34,532
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2024 11,524 6,537 18,061
As at 1 April 2023 12,867 8,461 21,328
Plant and machinery comprises fixtures and fittings and computer equipment.
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 56,117 81,402
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 34,863 32,974
Corporation tax 19,460 18,095
VAT - 6,728
Other creditors 534,679 333,054
589,002 390,851
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Capital Commitments
2024 2023
£ £
At the end of the period - 100,000
The company is committed to pay a sum of up to £100,000 plus goodwill over the 15 year property lease term. The following commitments form part of this amount:
The company is committed to pay the greater of 12.5% of its profit or 3.5% of its gross revenue over the next 10 years. Subsequently, it is committed to pay the greater of 6.25% profit or 1.75% gross revenue to the end of the 15 year lease. The company has accrued a relevant portion of this commitment which is included in other creditors.
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 28,000 28,000
Later than one year and not later than five years 112,000 112,000
Later than five years 112,000 140,000
252,000 280,000
10. Related Party Transactions
During the period, the company undertook various transactions with Robert Holmes & Company Limited, the parent company.  Balances with Robert Holmes & Company Limited are unsecured, interest free and have no fixed terms of repayment.
Page 4
Page 5
11. Ultimate Controlling Party
The company's ultimate controlling party is Robert Holmes & Company Limited by virtue of its ownership of 100% of the issued share capital in the company.
Page 5