Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 04342642 Mr Leonard Pattinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04342642 2023-12-31 04342642 2024-12-31 04342642 2024-01-01 2024-12-31 04342642 frs-core:CurrentFinancialInstruments 2024-12-31 04342642 frs-core:Non-currentFinancialInstruments 2024-12-31 04342642 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04342642 frs-core:ShareCapital 2024-12-31 04342642 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04342642 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04342642 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04342642 frs-bus:SmallEntities 2024-01-01 2024-12-31 04342642 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04342642 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04342642 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 04342642 frs-core:CostValuation 2023-12-31 04342642 frs-core:CostValuation 2024-12-31 04342642 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 04342642 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 04342642 frs-bus:Director1 2024-01-01 2024-12-31 04342642 frs-countries:EnglandWales 2024-01-01 2024-12-31 04342642 2022-12-31 04342642 2023-12-31 04342642 2023-01-01 2023-12-31 04342642 frs-core:CurrentFinancialInstruments 2023-12-31 04342642 frs-core:Non-currentFinancialInstruments 2023-12-31 04342642 frs-core:ShareCapital 2023-12-31 04342642 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04342642 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31
Registered number: 04342642
B A Bandicoot Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04342642
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 510,000 457,088
Investments 5 120,072 120,072
630,072 577,160
CURRENT ASSETS
Debtors 6 663 35,619
Cash at bank and in hand 5,170 -
5,833 35,619
Creditors: Amounts Falling Due Within One Year 7 (44,199 ) (48,917 )
NET CURRENT ASSETS (LIABILITIES) (38,366 ) (13,298 )
TOTAL ASSETS LESS CURRENT LIABILITIES 591,706 563,862
Creditors: Amounts Falling Due After More Than One Year 8 (359,232 ) (420,904 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,228 ) -
NET ASSETS 219,246 142,958
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Fair value reserve 11 52,912 -
Profit and Loss Account 165,334 141,958
SHAREHOLDERS' FUNDS 219,246 142,958
Page 1
Page 2
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 Profit and Loss Account.
On behalf of the board
Mr Leonard Pattinson
Director
4 August 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
B A Bandicoot Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04342642 . The registered office is 85 Dartmouth Avenue, The Westlands, Newcastle Under Lyme, Staffordshire, ST5 3NS.
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.
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 2% - Straight line
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 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.
Page 3
Page 4
2.6. Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements on the basis that the company and its subsidiary undertakings comprise a small group as defined by Companies Act 2006.
2.7. Investments
Unlisted investments are included at cost less impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investment Property
2024
£
Fair Value
As at 1 January 2024 457,088
Revaluations 52,912
As at 31 December 2024 510,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 457,088 457,088
Investment property is recognised at fair value represented by the above. The directors have considered the valuation of the investment properties and in their opinion the revalued amount is in line with the open market value. Revaluation gains and losses are taken to profit and loss during the year and subsequently transferred to the fair value reserve, net of deferred tax.
5. Investments
Subsidiaries
£
Cost
As at 1 January 2024 120,072
As at 31 December 2024 120,072
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 120,072
As at 1 January 2024 120,072
Investments represent shares in 65% owned subsidiary undertaking, Platinum Services for Children (Residential Care) Limited, a company incorporated in England & Wales.
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 593 35,480
Other debtors - 139
Other taxes and social security 70 -
663 35,619
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 21,128 23,017
Corporation tax 17,329 25,733
Other taxes and social security - 62
Other creditors 509 105
Accruals and deferred income 900 -
Amounts owed to subsidiaries 4,333 -
44,199 48,917
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 237,523 258,089
Directors loan account 121,709 162,815
359,232 420,904
National Westminster Bank PLC holds a fixed and floating charge over all the property or undertaking of B A Bandicoot Limited. 
Aggregate amounts of £180,739 (2023 - £193,930) which fall due after five years and which are payable by instalments.
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Directors Advances, Credits and Guarantees
Dividends paid to the director - £500 (2023: £nil).
11. Reserves
Fair Value Reserve
£
Movements in fair value reserve 52,912
As at 31 December 2024 52,912
Page 5
Page 6
12. Related Party Transactions
Included in creditors due within one year is a balance of £4,333 due to subsidiary, Platinum Services for Children (Residential Care) Ltd. (2023: £Nil)
Page 6