Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09228368 Mr D Hargreaves Mr J Cook Mr A Chapman Mr J Proctor Mrs J Hunt Mr L Pritchett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09228368 2023-12-31 09228368 2024-12-31 09228368 2024-01-01 2024-12-31 09228368 frs-core:CurrentFinancialInstruments 2024-12-31 09228368 frs-core:Non-currentFinancialInstruments 2024-12-31 09228368 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09228368 frs-core:FurnitureFittings 2024-12-31 09228368 frs-core:FurnitureFittings 2024-01-01 2024-12-31 09228368 frs-core:FurnitureFittings 2023-12-31 09228368 frs-core:NetGoodwill 2024-12-31 09228368 frs-core:NetGoodwill 2024-01-01 2024-12-31 09228368 frs-core:NetGoodwill 2023-12-31 09228368 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 09228368 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 09228368 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 09228368 frs-core:MotorVehicles 2024-12-31 09228368 frs-core:MotorVehicles 2024-01-01 2024-12-31 09228368 frs-core:MotorVehicles 2023-12-31 09228368 frs-core:ShareCapital 2024-12-31 09228368 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09228368 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09228368 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09228368 frs-bus:SmallEntities 2024-01-01 2024-12-31 09228368 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09228368 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09228368 frs-bus:Director1 2024-01-01 2024-12-31 09228368 frs-bus:Director2 2024-01-01 2024-12-31 09228368 frs-bus:Director3 2024-01-01 2024-12-31 09228368 frs-bus:Director4 2024-01-01 2024-12-31 09228368 frs-bus:Director5 2024-01-01 2024-12-31 09228368 frs-bus:Director6 2024-01-01 2024-12-31 09228368 frs-countries:EnglandWales 2024-01-01 2024-12-31 09228368 2022-12-31 09228368 2023-12-31 09228368 2023-01-01 2023-12-31 09228368 frs-core:CurrentFinancialInstruments 2023-12-31 09228368 frs-core:Non-currentFinancialInstruments 2023-12-31 09228368 frs-core:ShareCapital 2023-12-31 09228368 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09228368
Fhp Living 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: 09228368
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 500,000 550,000
Tangible Assets 5 108,151 116,713
608,151 666,713
CURRENT ASSETS
Debtors 6 161,066 221,375
Cash at bank and in hand 278,651 209,457
439,717 430,832
Creditors: Amounts Falling Due Within One Year 7 (285,824 ) (309,078 )
NET CURRENT ASSETS (LIABILITIES) 153,893 121,754
TOTAL ASSETS LESS CURRENT LIABILITIES 762,044 788,467
Creditors: Amounts Falling Due After More Than One Year 8 (56,171 ) (33,206 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (25,458 ) (20,742 )
NET ASSETS 680,415 734,519
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 680,315 734,419
SHAREHOLDERS' FUNDS 680,415 734,519
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 J Proctor
Director
15/08/2025
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
Fhp Living Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09228368 . The registered office is 10 Oxford Street, Nottingham, NG1 5BG.
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
The turnover shown in the profit and loss account comprises commission income and other fees from selling, letting and managing property and management fees generally.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. 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 20% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% RB, 20%,25%, 33% SL
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 41 (2023: 41)
41 41
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 1,000,000
As at 31 December 2024 1,000,000
Amortisation
As at 1 January 2024 450,000
Provided during the period 50,000
As at 31 December 2024 500,000
Net Book Value
As at 31 December 2024 500,000
As at 1 January 2024 550,000
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 115,589 13,000 169,430 298,019
Additions 7,013 - 15,451 22,464
Disposals - - (11,925 ) (11,925 )
As at 31 December 2024 122,602 13,000 172,956 308,558
Depreciation
As at 1 January 2024 51,926 8,740 120,640 181,306
Provided during the period 11,571 852 6,678 19,101
As at 31 December 2024 63,497 9,592 127,318 200,407
Net Book Value
As at 31 December 2024 59,105 3,408 45,638 108,151
As at 1 January 2024 63,663 4,260 48,790 116,713
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 112,024 174,936
Prepayments and accrued income 47,029 46,416
Other debtors 2,013 23
161,066 221,375
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 113,595 127,075
Corporation tax 5,248 12,967
Other taxes and social security 60,506 59,007
VAT 100,389 86,598
Other creditors - 263
Accruals and deferred income 6,086 23,168
285,824 309,078
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 23,274 33,206
Directors loan account 32,897 -
56,171 33,206
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5