Acorah Software Products - Accounts Production 16.4.675 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08493678 Mr A L Cohen Mrs S Shaikh-Kiayani iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08493678 2023-12-31 08493678 2024-12-31 08493678 2024-01-01 2024-12-31 08493678 frs-core:CurrentFinancialInstruments 2024-12-31 08493678 frs-core:Non-currentFinancialInstruments 2024-12-31 08493678 frs-core:ShareCapital 2024-12-31 08493678 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08493678 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08493678 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08493678 frs-bus:SmallEntities 2024-01-01 2024-12-31 08493678 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08493678 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08493678 frs-bus:Director1 2024-01-01 2024-12-31 08493678 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 08493678 frs-countries:EnglandWales 2024-01-01 2024-12-31 08493678 2022-12-31 08493678 2023-12-31 08493678 2023-01-01 2023-12-31 08493678 frs-core:CurrentFinancialInstruments 2023-12-31 08493678 frs-core:Non-currentFinancialInstruments 2023-12-31 08493678 frs-core:ShareCapital 2023-12-31 08493678 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08493678
Wood Hall (Ormside) Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
One Bean Limited
Chartered Accountants
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—4
Page 1
Statement of Financial Position
Registered number: 08493678
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 2,500,000 4,685,075
Debtors 5 9,041 5,668
Cash at bank and in hand 7,700 56,608
2,516,741 4,747,351
Creditors: Amounts Falling Due Within One Year 6 (5,905,028 ) (5,566,467 )
NET CURRENT ASSETS (LIABILITIES) (3,388,287 ) (819,116 )
TOTAL ASSETS LESS CURRENT LIABILITIES (3,388,287 ) (819,116 )
Creditors: Amounts Falling Due After More Than One Year 7 (2,717,907 ) (2,717,907 )
NET LIABILITIES (6,106,194 ) (3,537,023 )
CAPITAL AND RESERVES
Called up share capital 8 120 120
Income Statement (6,106,314 ) (3,537,143 )
SHAREHOLDERS' FUNDS (6,106,194) (3,537,023)
For the year ending 31 December 2024 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 Income Statement.
On behalf of the board
Mr A L Cohen
Director
5 August 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Wood Hall (Ormside) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08493678 . The registered office is Wood Hall Farm Office, Woodhall Lane, Shenley, WD7 9AA.
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. Going Concern Disclosure
At the time of approving the financial statements, the director has reasonable expectation that the company and its parent entity have adequate resources to continue in operational existence for the forseeable future, or until such time as the company's property stock is sold.
However, the expected realisable value of the assets is insufficient to repay the loans from the parent undertaking in full.  Repayment of these loans and the interest charged will not be sought if it will impair the continued operation of the company, and third party lenders are given priority.
Thus, the director believes that the going concern basis remains appropriate.
2.3. 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 properties
Revenue from the sale of properties is recognised when the significant risks and rewards of ownership of the property has passed to the buyer (usually on contractual completion), when the amount of revene can be measured reliably, and it is probable that the economic benefits will flow to the company. 
2.4. Leasing and Hire Purchase Contracts
Rental income from operating leases is credited to the statement of income on a straight-line basis over the lease term. Inital and direct costs in negotiating and arranging an operating lease are added tot he carrying amount of the leased asset and written-off on a straight-line basis over the lease term.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises of direct costs that have been incurred in bringing the properties to their present condition. Borrowing costs are expenses in the statement of income in the period in which they are incurred.
At each reporting date, an assessment is made for impairment and any excess of thre carrying value over its estimated selling price less costs to complete and sell is recognised as an impairment loss in the statement of income. Any reversals of such impairments are also credited to the statement of income when assessed.
2.6. Financial Instruments
The company only uses basic financial instruments. 
Basic financial assets such as debtors and bank balances are initially measured at transaction price, unless the arrangement constitutes a financing transaction, where the value is measured at the present value of future receipts, discounted at a market rate of interest.
Basic financial liabilities such as trade creditors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments, discounted at a market rate of interest.
Financial assets and liabilities are only offset where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis.
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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 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 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: 1 (2023: 1)
1 1
4. Stocks
2024 2023
£ £
Stock 2,500,000 4,685,075
The closing stock valuation has been reduced by a provision for impairment of £2,254,960 to reflect the director's best estimate of the realisable value at the year end.
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 9,041 5,668
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 43,733 23,866
Amounts owed to participating interests 5,854,755 5,539,561
Other creditors 6,540 3,040
5,905,028 5,566,467
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Page 4
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 2,717,907 2,717,907
The directors have identified that the loan of £2,717,907 from Wood Hall Investments Limited may not be fully settled if insufficient proceeds are achieved on the sale of the stock.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 120 120
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