Acorah Software Products - Accounts Production 16.4.675 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 12239073 A M Shrimpton P Shrimpton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12239073 2023-10-31 12239073 2024-10-31 12239073 2023-11-01 2024-10-31 12239073 frs-core:CurrentFinancialInstruments 2024-10-31 12239073 frs-core:ShareCapital 2024-10-31 12239073 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 12239073 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12239073 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 12239073 frs-bus:SmallEntities 2023-11-01 2024-10-31 12239073 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12239073 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12239073 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 12239073 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-10-31 12239073 frs-bus:Director1 2023-11-01 2024-10-31 12239073 frs-bus:Director2 2023-11-01 2024-10-31 12239073 frs-countries:EnglandWales 2023-11-01 2024-10-31 12239073 2022-10-31 12239073 2023-10-31 12239073 2022-11-01 2023-10-31 12239073 frs-core:CurrentFinancialInstruments 2023-10-31 12239073 frs-core:ShareCapital 2023-10-31 12239073 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12239073 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31
Registered number: 12239073
Shrimpton Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Elsby & Company Limited
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12239073
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,260,715 889,000
1,260,715 889,000
CURRENT ASSETS
Debtors 5 18,300 300
Cash at bank and in hand 17,060 49,191
35,360 49,491
Creditors: Amounts Falling Due Within One Year 6 (1,097,253 ) (763,875 )
NET CURRENT ASSETS (LIABILITIES) (1,061,893 ) (714,384 )
TOTAL ASSETS LESS CURRENT LIABILITIES 198,822 174,616
PROVISIONS FOR LIABILITIES
Deferred Taxation (19,463 ) (13,978 )
NET ASSETS 179,359 160,638
CAPITAL AND RESERVES
Called up share capital 7 100 100
Fair value reserve 8 112,435 112,435
Profit and Loss Account 66,824 48,103
SHAREHOLDERS' FUNDS 179,359 160,638
Page 1
Page 2
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 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
P Shrimpton
Director
23rd July 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Shrimpton Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12239073 . The registered office is 155 Wellingborough Road, Rushden, Northamptonshire, NN10 9TB.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. 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.
2.4. Taxation
The taxation expense represents the sum of the corporation tax currently payable and any deferred tax.
The corporation tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus 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 in respect of all timing differences that have originated but not reversed at 31 October 2024.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 November 2023 889,000
Additions 381,715
Revaluations (10,000)
As at 31 October 2024 1,260,715
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 300 300
Other debtors 18,000 -
18,300 300
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,089,230 760,697
Taxation and social security 8,023 3,178
1,097,253 763,875
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Reserves
Fair Value Reserve
£
As at 1 November 2023 112,435
As at 31 October 2024 112,435
Page 4