Acorah Software Products - Accounts Production 16.3.350 false true 29 July 2023 30 July 2022 false 30 July 2023 29 July 2024 29 July 2024 10683370 Mr Robert Lewis Mr David Steadman Mr Lawrence Grove Mr Robert Mulligan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10683370 2023-07-29 10683370 2024-07-29 10683370 2023-07-30 2024-07-29 10683370 frs-core:CurrentFinancialInstruments 2024-07-29 10683370 frs-core:Non-currentFinancialInstruments 2024-07-29 10683370 frs-core:FurnitureFittings 2024-07-29 10683370 frs-core:FurnitureFittings 2023-07-30 2024-07-29 10683370 frs-core:FurnitureFittings 2023-07-29 10683370 frs-core:OtherReservesSubtotal 2024-07-29 10683370 frs-core:ShareCapital 2024-07-29 10683370 frs-core:RetainedEarningsAccumulatedLosses 2024-07-29 10683370 frs-bus:PrivateLimitedCompanyLtd 2023-07-30 2024-07-29 10683370 frs-bus:FilletedAccounts 2023-07-30 2024-07-29 10683370 frs-bus:SmallEntities 2023-07-30 2024-07-29 10683370 frs-bus:AuditExempt-NoAccountantsReport 2023-07-30 2024-07-29 10683370 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-30 2024-07-29 10683370 frs-bus:Director1 2023-07-30 2024-07-29 10683370 frs-bus:Director2 2023-07-30 2024-07-29 10683370 frs-bus:Director3 2023-07-30 2024-07-29 10683370 frs-bus:Director4 2023-07-30 2024-07-29 10683370 frs-countries:EnglandWales 2023-07-30 2024-07-29 10683370 2022-07-29 10683370 2023-07-29 10683370 2022-07-30 2023-07-29 10683370 frs-core:CurrentFinancialInstruments 2023-07-29 10683370 frs-core:Non-currentFinancialInstruments 2023-07-29 10683370 frs-core:OtherReservesSubtotal 2023-07-29 10683370 frs-core:ShareCapital 2023-07-29 10683370 frs-core:RetainedEarningsAccumulatedLosses 2023-07-29
Farleigh Rengen (One) Limited
Unaudited Financial Statements
For The Year Ended 29 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10683370
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 478 -
Investment Properties 5 3,812,819 3,812,819
3,813,297 3,812,819
CURRENT ASSETS
Debtors 6 50 198,014
Cash at bank and in hand 846 1,162
896 199,176
Creditors: Amounts Falling Due Within One Year 7 (469,618 ) (658,252 )
NET CURRENT ASSETS (LIABILITIES) (468,722 ) (459,076 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,344,575 3,353,743
Creditors: Amounts Falling Due After More Than One Year 8 (2,019,095 ) (2,067,965 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (390,432 ) (380,829 )
NET ASSETS 935,048 904,949
CAPITAL AND RESERVES
Called up share capital 10 100 100
Other reserves 89,443 88,157
Profit and Loss Account 845,505 816,692
SHAREHOLDERS' FUNDS 935,048 904,949
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For the year ending 29 July 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
Mr David Steadman
Director
18 July 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Farleigh Rengen (One) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10683370 . The registered office is William Canynge House, 92 Redcliff Street, Bristol, BS1 6LU.
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. 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 15% Reducing balance basis
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.
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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 30 July 2023 -
Additions 478
As at 29 July 2024 478
Net Book Value
As at 29 July 2024 478
As at 30 July 2023 -
5. Investment Property
2024
£
Fair Value
As at 30 July 2023 and 29 July 2024 3,812,819
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 50 50
VAT - 680
Amounts owed by group undertakings - 197,284
50 198,014
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,346 4,347
Bank loans and overdrafts 48,924 45,990
Accruals and deferred income 8,168 9,206
Amounts owed to group undertakings 382 -
Amounts owed to other participating interests 407,798 598,709
469,618 658,252
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,994,726 2,043,596
Other creditors 24,369 24,369
2,019,095 2,067,965
9. Secured Creditors
Of the creditors the following amounts are secured.
The bank loans are secured by a fixed charge over the investment property of the company and a floating charge held against the company's assets.
2024 2023
£ £
Bank loans and overdrafts 2,043,650 2,089,586
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Reserves
Retained earnings include both realised and unrealised profits.
12. Related Party Transactions
At the year end the company owed £407,798 (2023 £598,709) to a company holding a participating interest.  The loan was repayable on demand and no interest was charged during the year.
The amounts due to participating interests due after one year of £24,369 (2023 £24,369) consists of 200,000 Redeemable Shares of £1 each, less repayments of £172,707, with the balancing figure of £2,924 (2023 £2,924) represented by a capital contribution of £89,443 (2023 £88,157) included within "Other reserves" less imputed interest charges to date of £86,519 (2023 £85,233).
The Redeeemable Shares are accounted for on an amortised cost basis becuase they represent debt on which neither interest nor dividends are payable, the imputed interest is capitalised within the cost of the investment property.  The Capital Contribution will unwind on the sale of the investment property by means of a transfer of the Capital Contribution to the Profit and Loss Account.
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