Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2022 false 1 January 2024 31 December 2024 31 December 2024 07041321 Mr Michael Fellows Mr David Fellows Sarah Fellows true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07041321 2023-12-31 07041321 2024-12-31 07041321 2024-01-01 2024-12-31 07041321 frs-core:CurrentFinancialInstruments 2024-12-31 07041321 frs-core:Non-currentFinancialInstruments 2024-12-31 07041321 frs-core:FurnitureFittings 2024-12-31 07041321 frs-core:FurnitureFittings 2024-01-01 2024-12-31 07041321 frs-core:FurnitureFittings 2023-12-31 07041321 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 07041321 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 07041321 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 07041321 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 07041321 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07041321 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 07041321 frs-core:ShareCapital 2024-12-31 07041321 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07041321 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07041321 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07041321 frs-bus:SmallEntities 2024-01-01 2024-12-31 07041321 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07041321 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07041321 1 2024-01-01 2024-12-31 07041321 frs-bus:Director1 2024-01-01 2024-12-31 07041321 frs-bus:Director1 2023-12-31 07041321 frs-bus:Director1 2024-12-31 07041321 frs-bus:Director2 2024-01-01 2024-12-31 07041321 frs-bus:Director2 2023-12-31 07041321 frs-bus:Director2 2024-12-31 07041321 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 07041321 frs-countries:EnglandWales 2024-01-01 2024-12-31 07041321 2021-12-31 07041321 2023-12-31 07041321 2022-01-01 2023-12-31 07041321 frs-core:CurrentFinancialInstruments 2023-12-31 07041321 frs-core:Non-currentFinancialInstruments 2023-12-31 07041321 frs-core:ShareCapital 2023-12-31 07041321 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 07041321
Fellows Homes Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07041321
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 452,374 455,262
452,374 455,262
CURRENT ASSETS
Stocks 5 5,125,000 4,869,617
Debtors 6 32,787 11,383
Cash at bank and in hand 482,498 915,287
5,640,285 5,796,287
Creditors: Amounts Falling Due Within One Year 7 (2,819,333 ) (3,342,590 )
NET CURRENT ASSETS (LIABILITIES) 2,820,952 2,453,697
TOTAL ASSETS LESS CURRENT LIABILITIES 3,273,326 2,908,959
Creditors: Amounts Falling Due After More Than One Year 8 (15,887 ) (19,015 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (602 ) (709 )
NET ASSETS 3,256,837 2,889,235
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 3,255,837 2,888,235
SHAREHOLDERS' FUNDS 3,256,837 2,889,235
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 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 Michael Fellows
Director
31/07/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fellows Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07041321 . The registered office is Unit 6 Swansey Mill Mill Lane, Whittle-Le-Woods, Chorley, PR6 7HX.
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 0.5% straight line
Leasehold 0.5% straight line
Fixtures & Fittings 15% reducing balance
2.4. 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.
2.5. 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
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Leasehold Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 86,500 379,000 27,237 492,737
As at 31 December 2024 86,500 379,000 27,237 492,737
Depreciation
As at 1 January 2024 2,598 11,370 23,507 37,475
Provided during the period 433 1,895 560 2,888
As at 31 December 2024 3,031 13,265 24,067 40,363
Net Book Value
As at 31 December 2024 83,469 365,735 3,170 452,374
As at 1 January 2024 83,902 367,630 3,730 455,262
5. Stocks
31 December 2024 31 December 2023
£ £
Work in progress 5,125,000 4,869,617
6. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Amounts owed by participating interests 12,330 9,826
Other debtors 20,457 1,557
32,787 11,383
7. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors 2,222,413 2,859,806
Amounts owed to participating interests 450,265 467,614
Other creditors 23,249 4,251
Taxation and social security 123,406 10,919
2,819,333 3,342,590
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 December 2023
£ £
Other creditors 15,887 19,015
9. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Michael Fellows (7,097 ) 1,564 - - (5,533 )
Mr David Fellows (11,918 ) 1,564 - - (10,354 )
The above loan is unsecured, interest free and repayable on demand.
11. Related Party Transactions
During the year the company entered into the following transactions with related parties:
MJ Fellows (Building Contractors) Ltd
Transaction type - Services
Transaction value: £2,130 Dr
Balance at year end: £ NIL (2023: £2,130 Cr)
MJ Fellows (Building Contractors) Ltd
Transaction type - Loan account
Transaction value: £17,349 Dr
Balance at year end: £450,265 Cr (2023: £467,614 Cr)
Blackledge Park Management Company Ltd
Transaction type - Loan account
Transaction value:£2,504 Dr
Balance at year end: £12,330 Dr (2023: £9,826 Dr)
12. Ultimate Controlling Party
The directors controlled the company's issued share capital throughout the whole of the year.
Page 5