Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 5 May 2025 1 January 2024 31 December 2024 31 December 2024 05670633 Vivian Woodell Richard Bickle Edward Powell Jane Avery Simon Lewis Frank Moxon Jane Powell David Van Sertima Alain Demontoux iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05670633 2023-12-31 05670633 2024-12-31 05670633 2024-01-01 2024-12-31 05670633 frs-core:CurrentFinancialInstruments 2024-12-31 05670633 frs-core:Non-currentFinancialInstruments 2024-12-31 05670633 frs-core:OtherReservesSubtotal 2024-12-31 05670633 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05670633 frs-bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 05670633 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05670633 frs-bus:SmallEntities 2024-01-01 2024-12-31 05670633 frs-bus:Audited 2024-01-01 2024-12-31 05670633 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05670633 frs-core:UnlistedNon-exchangeTraded 2024-12-31 05670633 frs-core:UnlistedNon-exchangeTraded 2023-12-31 05670633 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 05670633 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 05670633 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 05670633 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 05670633 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 05670633 frs-bus:Director1 2024-01-01 2024-12-31 05670633 frs-bus:Director2 2024-01-01 2024-12-31 05670633 frs-bus:Director3 2024-01-01 2024-12-31 05670633 frs-bus:Director4 2024-01-01 2024-12-31 05670633 frs-bus:Director5 2024-01-01 2024-12-31 05670633 frs-bus:Director6 2024-01-01 2024-12-31 05670633 frs-bus:Director7 2024-01-01 2024-12-31 05670633 frs-bus:Director8 2024-01-01 2024-12-31 05670633 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 05670633 frs-countries:EnglandWales 2024-01-01 2024-12-31 05670633 2022-12-31 05670633 2023-12-31 05670633 2023-01-01 2023-12-31 05670633 frs-core:CurrentFinancialInstruments 2023-12-31 05670633 frs-core:Non-currentFinancialInstruments 2023-12-31 05670633 frs-core:OtherReservesSubtotal 2023-12-31 05670633 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 05670633
The Co-Operative Loan Fund Limited
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: 05670633
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 141,399 139,899
141,399 139,899
CURRENT ASSETS
Debtors 5 975,032 898,526
Investments 6 80,000 130,000
Cash at bank and in hand 256,030 248,034
1,311,062 1,276,560
Creditors: Amounts Falling Due Within One Year 7 (11,283 ) (6,714 )
NET CURRENT ASSETS (LIABILITIES) 1,299,779 1,269,846
TOTAL ASSETS LESS CURRENT LIABILITIES 1,441,178 1,409,745
NET ASSETS 1,441,178 1,409,745
RESERVES
Other reserves 1,257,980 1,257,980
Income and Expenditure Account 183,198 151,765
MEMBERS' FUNDS 1,441,178 1,409,745
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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 and Expenditure Account.
On behalf of the board
Frank Moxon
Director
28/04/2025
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
The Co-Operative Loan Fund Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 05670633 . The registered office is 1-3 Gloucester Road, Bristol, BS7 8AA.
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
The directors have not identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The accounts have therefore been prepared on the assumption that the company is able to continue as a going concern. The directors have considered the ongoing impact of high inflation, bank interest rates and the subsequent cost of living crisis on the company's current and future financial position. The company held general reserves of £182,889 and cash of £256,030. The directors consider that the company has sufficient reserves and cash to continue as a going concern for a period of at least twelve months from the date on which these financial statements are approved.
2.3. Turnover
Turnover represents the amount derived from interest and fees on loans. All income is derived from the UK.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus 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 surplus. 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 surplus 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 surplus 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 surplus or deficit 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investments
Unlisted
£
Cost
As at 1 January 2024 139,899
Additions 1,500
As at 31 December 2024 141,399
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 141,399
As at 1 January 2024 139,899
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 78,799 69,691
Other debtors 9,057 6,049
87,856 75,740
Due after more than one year
Trade debtors 887,176 822,786
975,032 898,526
6. Current Asset Investments
2024 2023
£ £
Unlisted investments 30,000 30,000
Short term deposits 50,000 100,000
80,000 130,000
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,950 1,949
Other creditors 2,340 2,520
Taxation and social security 6,993 2,245
11,283 6,714
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
9. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
10. Audit Information
The auditor's report on the accounts of The Co-Operative Loan Fund Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Patrick Morrello (Senior Statutory Auditor) for and on behalf of Third Sector Accountancy Limited, Holyoake House, Hanover Street, Manchester M60 0AS , Statutory Auditor.
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