Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08264947 Mr A L Cohen Mrs S Shaikh-Kiayani Mr A L Cohen true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08264947 2023-12-31 08264947 2024-12-31 08264947 2024-01-01 2024-12-31 08264947 frs-core:CurrentFinancialInstruments 2024-12-31 08264947 frs-core:Non-currentFinancialInstruments 2024-12-31 08264947 frs-core:ShareCapital 2024-12-31 08264947 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08264947 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08264947 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08264947 frs-bus:SmallEntities 2024-01-01 2024-12-31 08264947 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08264947 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08264947 1 2024-01-01 2024-12-31 08264947 frs-bus:Director1 2024-01-01 2024-12-31 08264947 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 08264947 frs-countries:EnglandWales 2024-01-01 2024-12-31 08264947 2022-12-31 08264947 2023-12-31 08264947 2023-01-01 2023-12-31 08264947 frs-core:CurrentFinancialInstruments 2023-12-31 08264947 frs-core:Non-currentFinancialInstruments 2023-12-31 08264947 frs-core:ShareCapital 2023-12-31 08264947 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08264947
Wood Hall (Claremont) Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
One Bean Limited
Chartered Accountants
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—4
Page 1
Statement of Financial Position
Registered number: 08264947
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 5,050,000 5,050,000
Debtors 5 286,033 53,814
Cash at bank and in hand 1,914 75,296
5,337,947 5,179,110
Creditors: Amounts Falling Due Within One Year 6 (98,198 ) (41,135 )
NET CURRENT ASSETS (LIABILITIES) 5,239,749 5,137,975
TOTAL ASSETS LESS CURRENT LIABILITIES 5,239,749 5,137,975
Creditors: Amounts Falling Due After More Than One Year 7 (10,032,642 ) (9,523,224 )
NET LIABILITIES (4,792,893 ) (4,385,249 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement (4,792,993 ) (4,385,349 )
SHAREHOLDERS' FUNDS (4,792,893) (4,385,249)
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 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 Income Statement.
On behalf of the board
Mr A L Cohen
Director
17 September 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Wood Hall (Claremont) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08264947 . The registered office is Wood Hall Farm Office, Woodhall Lane, Shenley, WD7 9AA.
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
At the time of approving the financial statements, the director has reasonable expectation that the group of which the company is a member has adequate resources to continue in operational existence for the foreseeable future, or until such time as the company's property stock is sold.
Although the company shows a net liability position on the balance sheet, the main creditor is a loan from a company under common control, ultimately funded by the shareholder. Repayment of these loans and the interest charged on them will not be sought if it would impair the continued operation of the group activities, and external lenders will be given priority.
Thus, the director believes that the going concern basis remains appropriate.
2.3. Significant judgements and estimations
Stock valuation 
The property included in stock is valued at the lower of cost and net realisable value. At each reporting date, the director exercises his judgement to assess the expected selling price. The current assessed value of £5,050,00 is based on an independent valuation carried out in March 2023.
2.4. 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 properties 
Revenue from the sale of properties is recognised when the significant risks and rewards of ownership of the property has passed to the buyer (usually on contractual completion), when the amount of revene can be measured reliably, and it is probable that the economic benefits will flow to the company.
2.5. 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. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell is recognised as an impairment loss in the profit or loss.
2.6. Financial Instruments
The group only uses basic financial instruments.
Basic financial assets such as debtors and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the value is measured at the present value of future receipts, discounted at a market rate of interest.
Basic financial liabilities such as trade creditors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments, discounted at a market rate of interest.
Financial assets and liabilities are only offset where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis.
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2.7. 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.
2.8. Operating leases - company acting as lessor
Rental income arising from operating leases is included as other operating income and recognised on an accruals basis, with any lease incentives spread over the minimum lease term.
2.9. Finance and borrowing costs
Borrowing costs are charged to the profit and loss account over the term of the debt using the effective interest method. Loan arrangement fees are spread evenly over the term of the loan arrangement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Stocks
2024 2023
£ £
Stock 5,050,000 5,050,000
There is a fixed charge over the property stock in relation to bank debt owed by the immediate parent company.
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 9,578
Amounts owed by group undertakings 278,448 17,317
Other debtors 7,585 26,919
286,033 53,814
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Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 32,291 37,635
Other creditors 20,000 3,500
Taxation and social security 45,907 -
98,198 41,135
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to group undertakings 10,032,642 9,523,224
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate parent undertaking is Wood Hall (Pentonville) Limited. The ultimate parent undertaking is Wood Hall Securities Limited , incorporated in England and Wales. The ultimate controlling party is Mr A L Cohen who controls 100% of the shares of Wood Hall Securities Limited .
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