Acorah Software Products - Accounts Production 16.4.675 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 October 2024 31 October 2024 11063036 Mr Glenn Codd Mr Jamie Clarke Mrs Sally Codd Mr Glenn Codd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11063036 2023-12-31 11063036 2024-10-31 11063036 2024-01-01 2024-10-31 11063036 frs-core:CurrentFinancialInstruments 2024-10-31 11063036 frs-core:Non-currentFinancialInstruments 2024-10-31 11063036 frs-core:ShareCapital 2024-10-31 11063036 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 11063036 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-10-31 11063036 frs-bus:FilletedAccounts 2024-01-01 2024-10-31 11063036 frs-bus:SmallEntities 2024-01-01 2024-10-31 11063036 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-10-31 11063036 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-10-31 11063036 frs-bus:Director1 2024-01-01 2024-10-31 11063036 frs-bus:Director2 2024-01-01 2024-10-31 11063036 frs-bus:Director3 2024-01-01 2024-10-31 11063036 frs-bus:CompanySecretary1 2024-01-01 2024-10-31 11063036 frs-countries:EnglandWales 2024-01-01 2024-10-31 11063036 2022-12-31 11063036 2023-12-31 11063036 2023-01-01 2023-12-31 11063036 frs-core:CurrentFinancialInstruments 2023-12-31 11063036 frs-core:Non-currentFinancialInstruments 2023-12-31 11063036 frs-core:ShareCapital 2023-12-31 11063036 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11063036
Park House Farm Developments (Kent) Ltd
Unaudited Financial Statements
For the Period 1 January 2024 to 31 October 2024
Kent Coast Accounts Ltd
AAT Licenced Accountants
Marlowe Innovation Centre
Marlowe Way
Ramsgate
Kent
CT12 6FA
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11063036
31 October 2024 31 December 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 2,429,043 1,309,046
Cash at bank and in hand 15,033 81,795
2,444,076 1,390,841
Creditors: Amounts Falling Due Within One Year 5 (1,718,904 ) (1,761 )
NET CURRENT ASSETS (LIABILITIES) 725,172 1,389,080
TOTAL ASSETS LESS CURRENT LIABILITIES 725,172 1,389,080
Creditors: Amounts Falling Due After More Than One Year 6 (525,283 ) (1,187,806 )
NET ASSETS 199,889 201,274
CAPITAL AND RESERVES
Called up share capital 7 4 4
Profit and Loss Account 199,885 201,270
SHAREHOLDERS' FUNDS 199,889 201,274
For the period ending 31 October 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 Glenn Codd
Director
19th August 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Park House Farm Developments (Kent) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11063036 . The registered office is 16 Collard Road, Willesborough, Ashford, Kent, TN24 0JR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Revenue from the sale of residential developments, investment properties, and land is recognised when contracts have been exchanged during the year, provided that no material conditions remain outstanding at the balance sheet date and all such conditions are fully satisfied prior to the approval of the financial statements.
Full provision is made for all known or expected losses on developments as soon as such losses are foreseen.
2.4. Stocks and Work in Progress
Land and property developments are stated at the lower of cost and net realisable value. Cost includes the purchase price, directly attributable expenses, and interest on specific finance raised for the development.
The Company capitalises borrowing costs once development activity has commenced and continues to do so until practical completion. Borrowing costs are capitalised based on the actual finance costs incurred on the related borrowings during the year.
Net realisable value represents the estimated selling price less all estimated costs to completion and costs necessary to make the sale.
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 2)
2 2
4. Stocks
31 October 2024 31 December 2023
£ £
Work in progress 2,429,043 1,309,046
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
31 October 2024 31 December 2023
£ £
Bank loans and overdrafts 1,718,279 -
Other creditors 550 500
Taxation and social security 75 1,261
1,718,904 1,761
6. Creditors: Amounts Falling Due After More Than One Year
31 October 2024 31 December 2023
£ £
Bank loans - 662,523
Other creditors 130,000 130,000
Directors loan account 395,283 395,283
525,283 1,187,806
7. Share Capital
31 October 2024 31 December 2023
£ £
Allotted, Called up and fully paid 4 4
8. Related Party Transactions
At the balance sheet date the Company owed £130,000 (2024: £130,000) to a connected company under the control of the majority shareholder and person with significant control.
These balances are unsecured, interest free and repayable on demand.
Page 3