Acorah Software Products - Accounts Production 16.5.460 false true true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 11380141 Mr W Andrews iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11380141 2023-09-30 11380141 2024-09-30 11380141 2023-10-01 2024-09-30 11380141 frs-core:CurrentFinancialInstruments 2024-09-30 11380141 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-30 11380141 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 11380141 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 11380141 frs-core:PlantMachinery 2024-09-30 11380141 frs-core:PlantMachinery 2023-10-01 2024-09-30 11380141 frs-core:PlantMachinery 2023-09-30 11380141 frs-core:ShareCapital 2024-09-30 11380141 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 11380141 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11380141 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 11380141 frs-bus:SmallEntities 2023-10-01 2024-09-30 11380141 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 11380141 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 11380141 frs-bus:Director1 2023-10-01 2024-09-30 11380141 frs-countries:EnglandWales 2023-10-01 2024-09-30 11380141 2022-09-30 11380141 2023-09-30 11380141 2022-10-01 2023-09-30 11380141 frs-core:CurrentFinancialInstruments 2023-09-30 11380141 frs-core:ShareCapital 2023-09-30 11380141 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 11380141
HM Agecroft Ltd
Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11380141
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,466,851 8,003,201
11,466,851 8,003,201
CURRENT ASSETS
Debtors 5 323,485 662,033
Cash at bank and in hand 276,835 2,374,610
600,320 3,036,643
Creditors: Amounts Falling Due Within One Year 6 (14,393,508 ) (12,576,662 )
NET CURRENT ASSETS (LIABILITIES) (13,793,188 ) (9,540,019 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,326,337 ) (1,536,818 )
NET LIABILITIES (2,326,337 ) (1,536,818 )
CAPITAL AND RESERVES
Called up share capital 8 4 4
Profit and Loss Account (2,326,341 ) (1,536,822 )
SHAREHOLDERS' FUNDS (2,326,337) (1,536,818)
For the year ending 30 September 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 W Andrews
Director
19/08/2025
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
HM Agecroft Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11380141 . The registered office is 128 City Road, London, EC1V 2NX.
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 group is involved in the long term developement of energy infrastructure and related resources and, as such, requires the ongoing support of its investors and external finance to enable these developments to be concluded and become income generating. As at the accounting date the director is sufficiently reassured as to these commitments.
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:
Leasehold improvements - 15 years straight line
Plant and equipment - 15 years straight line
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 October 2023 1,662,361 6,340,840 8,003,201
Additions - 3,463,650 3,463,650
As at 30 September 2024 1,662,361 9,804,490 11,466,851
Net Book Value
As at 30 September 2024 1,662,361 9,804,490 11,466,851
As at 1 October 2023 1,662,361 6,340,840 8,003,201
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 39,962 181,255
Other debtors 283,523 480,778
323,485 662,033
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,326,031 1,127,423
Amounts owed to group undertakings 11,199,623 11,100,357
Other creditors 867,854 348,882
14,393,508 12,576,662
7. Deferred Taxation
The provision for deferred tax is made up as follows:
Accelerated capital allowances 
Tax losses
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
9. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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