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Registered number: 02834235
Saday Limited
Financial Statements
For The Year Ended 30 June 2024
H B Mistry & Co Ltd
Chartered accountants
Tudor House Mill Lane
Calcot
Reading
RG31 7RS
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—7
Page 1
Statement of Financial Position
Registered number: 02834235
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 774
Investment Properties 5 768,350 732,500
Investments 6 9 9
768,359 733,283
CURRENT ASSETS
Stocks 7 203,991 189,691
Debtors 8 551 4,631
Cash at bank and in hand 116,779 15,062
321,321 209,384
Creditors: Amounts Falling Due Within One Year 9 (1,084,779 ) (1,259,207 )
NET CURRENT ASSETS (LIABILITIES) (763,458 ) (1,049,823 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,901 (316,540 )
Creditors: Amounts Falling Due After More Than One Year 10 (309,648 ) -
NET LIABILITIES (304,747 ) (316,540 )
CAPITAL AND RESERVES
Called up share capital 12 100 100
Income Statement (304,847 ) (316,640 )
SHAREHOLDERS' FUNDS (304,747) (316,540)
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For the year ending 30 June 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 Income Statement.
On behalf of the board
Mrs Colette Coussens
Director
2nd July 2025
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Saday Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02834235 . The registered office is Kennet Orly Woolhampton Hill, Woolhampton, Reading, Berkshire, RG7 5SY.
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 the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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:
Freehold No depreciation
Fixtures & Fittings 25% reducing balance
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 income statement.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
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2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2.7. 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 year 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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 774 39,758 40,532
Disposals (774 ) - (774 )
As at 30 June 2024 - 39,758 39,758
...CONTINUED
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Depreciation
As at 1 July 2023 - 39,758 39,758
As at 30 June 2024 - 39,758 39,758
Net Book Value
As at 30 June 2024 - - -
As at 1 July 2023 774 - 774
The freehold interest and associated cost of £774 was transferred to its subsidiary company at Market Value.
5. Investment Property
2024
£
Fair Value
As at 1 July 2023 732,500
Additions 35,850
As at 30 June 2024 768,350
The investment properties were capitalised at Market value from work in progress.
The additions represent premium paid for the extension of the lease term to the subsidary company.
6. Investments
Unlisted
£
Cost
As at 1 July 2023 9
As at 30 June 2024 9
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 9
As at 1 July 2023 9
The company owns 100% of the issued share capital of the Sydney Lodge Management Company Limited which owns the freehold of the leasehold properties owned by  Saday Ltd.
The aggregate capital and reserves were  £28,223 (2023-deficit £3020). The surplus for the year was £31,243 (2023- Nil)
7. Stocks
2024 2023
£ £
Stock 203,991 189,691
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8. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 442
Corporation tax recoverable assets - 4,189
VAT 551 -
551 4,631
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 1,089 1,089
VAT - 102
Other creditors 270,000 270,000
Accruals and deferred income 11,480 11,480
Directors' loan accounts 665,371 866,946
Amounts owed to group undertakings 15,249 -
Amounts owed to related parties 121,590 109,590
1,084,779 1,259,207
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 309,648 -
The bank loans ares an interest only loans secured on the properties. It carries interest at 5.29% for the first five years from 15th April 2024 and thereafter the varaible interest at 3.25% of bank base rate.
11. Deferred Taxation
The provision for deferred tax is made up as follows:
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
13. Directors Advances, Credits and Guarantees
Included within Creditors are the following amounts owed to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Philip Coussens (364,351 ) - 100,787 - (263,564 )
Mrs Colette Coussens (502,595 ) - 100,788 - (401,807 )
The above loan is unsecured, interest free and repayable on demand.
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14. Related Party Transactions
The following amounts were due to a related party at the year end  £121,590 (2023 £109,590).
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