Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09337150 A D Pease N A Marlow iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09337150 2023-12-31 09337150 2024-12-31 09337150 2024-01-01 2024-12-31 09337150 frs-core:CurrentFinancialInstruments 2024-12-31 09337150 frs-core:Non-currentFinancialInstruments 2024-12-31 09337150 frs-core:BetweenOneFiveYears 2024-12-31 09337150 frs-core:ComputerEquipment 2024-12-31 09337150 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09337150 frs-core:ComputerEquipment 2023-12-31 09337150 frs-core:FurnitureFittings 2024-12-31 09337150 frs-core:FurnitureFittings 2024-01-01 2024-12-31 09337150 frs-core:FurnitureFittings 2023-12-31 09337150 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 09337150 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 09337150 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 09337150 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09337150 frs-core:PlantMachinery 2024-12-31 09337150 frs-core:PlantMachinery 2024-01-01 2024-12-31 09337150 frs-core:PlantMachinery 2023-12-31 09337150 frs-core:WithinOneYear 2024-12-31 09337150 frs-core:ShareCapital 2024-12-31 09337150 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09337150 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09337150 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09337150 frs-bus:SmallEntities 2024-01-01 2024-12-31 09337150 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09337150 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09337150 frs-core:CostValuation 2023-12-31 09337150 frs-core:CostValuation 2024-12-31 09337150 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 09337150 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 09337150 frs-bus:Director1 2024-01-01 2024-12-31 09337150 frs-bus:Director2 2024-01-01 2024-12-31 09337150 frs-countries:EnglandWales 2024-01-01 2024-12-31 09337150 2022-12-31 09337150 2023-12-31 09337150 2023-01-01 2023-12-31 09337150 frs-core:CurrentFinancialInstruments 2023-12-31 09337150 frs-core:Non-currentFinancialInstruments 2023-12-31 09337150 frs-core:BetweenOneFiveYears 2023-12-31 09337150 frs-core:WithinOneYear 2023-12-31 09337150 frs-core:ShareCapital 2023-12-31 09337150 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09337150
Sub Developments Limited
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: 09337150
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 182,514 215,455
Investments 5 50 50
182,564 215,505
CURRENT ASSETS
Stocks 504,113 927,796
Debtors 6 1,001,960 411,450
Cash at bank and in hand 20,810 12,814
1,526,883 1,352,060
Creditors: Amounts Falling Due Within One Year 7 (598,682 ) (575,789 )
NET CURRENT ASSETS (LIABILITIES) 928,201 776,271
TOTAL ASSETS LESS CURRENT LIABILITIES 1,110,765 991,776
Creditors: Amounts Falling Due After More Than One Year 8 (7,704 ) (17,500 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (51,000 ) (39,694 )
NET ASSETS 1,052,061 934,582
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 1,052,059 934,580
SHAREHOLDERS' FUNDS 1,052,061 934,582
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
A D Pease
Director
25/07/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Sub Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09337150 . The registered office is The Stable Office, Illston Grange, Illston On The Hill, Leicestershire, LE7 9EA.
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 16.67% on cost
Leasehold 16.67% on cost
Plant & Machinery 10% on cost
Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost
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.
...CONTINUED
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2.5. Taxation - continued
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: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 30,889 334,304 58,597 6,705 430,495
Additions - 8,350 - - 8,350
As at 31 December 2024 30,889 342,654 58,597 6,705 438,845
Depreciation
As at 1 January 2024 20,264 133,956 58,014 2,806 215,040
Provided during the period 5,149 34,265 583 1,294 41,291
As at 31 December 2024 25,413 168,221 58,597 4,100 256,331
Net Book Value
As at 31 December 2024 5,476 174,433 - 2,605 182,514
As at 1 January 2024 10,625 200,348 583 3,899 215,455
5. Investments
Joint Ventures
£
Cost
As at 1 January 2024 50
As at 31 December 2024 50
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 50
As at 1 January 2024 50
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 16,922 26,660
Amounts owed by participating interests 588,000 377,950
Other debtors 397,038 6,840
1,001,960 411,450
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 932 19,175
Bank loans and overdrafts 9,901 10,000
Other taxes and social security 77,697 104,482
Other creditors 54,955 145,936
Directors' loan accounts 455,197 296,196
598,682 575,789
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,704 17,500
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 12,000 11,000
Later than one year and not later than five years 9,000 2,750
21,000 13,750
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11. Related Party Transactions
During the year the company paid an amount of £110,000 (2023: £60,000) in respect of management fees to, and received an amount of £300 (2024: £nil) for advertising expenses from, Bowden Properties Limited, a company in which N A Marlow is a director. Included in other debtors at the balance sheet date, is a loan of £200,000 owed from Bowden Properties Limited (2023: £70,000 owed to Bowden Properties Limited). Interest of £3,450 (2023: £nil) was charged on this loan in the year. 
Included in other debtors at the balance sheet date is a loan of £170,000 (2023: £nil) owed from Fernie Developments Limited, a company in which N A Marlow is a director. Interest of £2,933 (2023: £nil) was charged on this loan in the year.
During the year the company paid an amount of £115,243 (2023: £97,185) in respect of management fees to Alpha One Insurance Limited, a company in which A D Pease is a director.
At the balance sheet date the company owed £nil (2023: £80,999) to N A Marlow and £455,197 (2023: £215,197) to A D Pease in respect of their directors loan accounts. These balances are interest free.
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