Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 13981518 Mr Gilbert Grosjean Mr Paulus Steeghs Jonathan Steiner true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13981518 2023-12-31 13981518 2024-12-31 13981518 2024-01-01 2024-12-31 13981518 frs-core:CurrentFinancialInstruments 2024-12-31 13981518 frs-core:Non-currentFinancialInstruments 2024-12-31 13981518 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 13981518 frs-core:FurnitureFittings 2024-12-31 13981518 frs-core:FurnitureFittings 2024-01-01 2024-12-31 13981518 frs-core:FurnitureFittings 2023-12-31 13981518 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 13981518 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 13981518 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 13981518 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13981518 frs-core:OtherResidualIntangibleAssets 2024-12-31 13981518 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 13981518 frs-core:OtherResidualIntangibleAssets 2023-12-31 13981518 frs-core:ShareCapital 2024-12-31 13981518 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13981518 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13981518 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13981518 frs-bus:SmallEntities 2024-01-01 2024-12-31 13981518 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13981518 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13981518 1 2024-01-01 2024-12-31 13981518 frs-core:UnlistedNon-exchangeTraded 2024-12-31 13981518 frs-core:UnlistedNon-exchangeTraded 2023-12-31 13981518 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 13981518 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 13981518 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 13981518 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 13981518 frs-bus:Director1 2024-01-01 2024-12-31 13981518 frs-bus:Director2 2024-01-01 2024-12-31 13981518 frs-countries:EnglandWales 2024-01-01 2024-12-31 13981518 2022-12-31 13981518 2023-12-31 13981518 2023-01-01 2023-12-31 13981518 frs-core:CurrentFinancialInstruments 2023-12-31 13981518 frs-core:Non-currentFinancialInstruments 2023-12-31 13981518 frs-core:ShareCapital 2023-12-31 13981518 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13981518
PHH Haymarket Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
PHH Haymarket Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
PHH Haymarket Ltd
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 13981518

| 2024 | 2023 as restated
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 38,614 |  | 43,114
Tangible Assets | 5 |  | 12,010,365 |  | 12,214,584
Investment Properties | 6 |  | 11,500,000 |  | 10,800,000
Investments | 7 |  | 100 |  | 100
|  |  | 23,549,079 |  | 23,057,798
CURRENT ASSETS
Debtors | 8 | 255,764 |  | 888,442 |
Cash at bank and in hand |  | 1,511 |  | 11,553 |
|  | 257,275 |  | 899,995 |
Creditors: Amounts Falling Due Within One Year | 9 | (9,695,425 ) |  | (10,224,344 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (9,438,150 ) |  | (9,324,349 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 14,110,929 |  | 13,733,449
Creditors: Amounts Falling Due After More Than One Year | 10 |  | (12,964,201 ) |  | (12,421,859 )
NET ASSETS |  |  | 1,146,728 |  | 1,311,590
CAPITAL AND RESERVES
Called up share capital | 12 |  | 100 |  | 100
Profit and Loss Account |  |  | 1,146,628 |  | 1,311,490
SHAREHOLDERS' FUNDS |  |  | 1,146,728 |  | 1,311,590

Page 1
Page 2
PHH Haymarket Ltd
Balance Sheet (continued)
As At 31 December 2024
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 Paulus Steeghs Director
18th September 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
PHH Haymarket Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
PHH Haymarket Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13981518 . The registered office is 17 Cavendish Square, London, W1G 0PH.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are software. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at fair value with gains and losses recognised in the profit or loss in the period to which they relate.

Freehold | Fair Value
Leasehold | Straight over a useful life of 141 years
Fixtures & Fittings | 20% on cost

2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
Page 3
Page 4
PHH Haymarket Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. Investment - Company
Company investment in a subsidiary company is held at cost less accumulated impairment losses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 January 2024 | 45,000
As at 31 December 2024 | 45,000
Amortisation
As at 1 January 2024 | 1,886
Provided during the period | 4,500
As at 31 December 2024 | 6,386
Net Book Value
As at 31 December 2024 | 38,614
As at 1 January 2024 | 43,114

5. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Fixtures & Fittings | Total
| £ | £ | £
Cost or Valuation
As at 1 January 2024 | 11,771,767 | 603,094 | 12,374,861
As at 31 December 2024 | 11,771,767 | 603,094 | 12,374,861

...CONTINUED
Page 4
Page 5
PHH Haymarket Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024

Depreciation
As at 1 January 2024 | 109,867 | 50,410 | 160,277
Provided during the period | 83,600 | 120,619 | 204,219
As at 31 December 2024 | 193,467 | 171,029 | 364,496
Net Book Value
As at 31 December 2024 | 11,578,300 | 432,065 | 12,010,365
As at 1 January 2024 | 11,661,900 | 552,684 | 12,214,584

6. Investment Property

| 2024
--- | ---
| £
Fair Value
As at 1 January 2024 | 10,800,000
Additions | 78,886
Revaluations | 621,114
As at 31 December 2024 | 11,500,000

7. Investments

| Unlisted
--- | ---
| £
Cost
As at 1 January 2024 | 100
As at 31 December 2024 | 100
Provision
As at 1 January 2024 | -
As at 31 December 2024 | -
Net Book Value
As at 31 December 2024 | 100
As at 1 January 2024 | 100

8. Debtors

| 2024 |  | 2023 as restated
--- | --- | --- | ---
| £ |  | £
Due within one year
Amounts owed by group undertakings | 127,543 |  | 734,730
Other debtors | 128,221 |  | 153,712
| 255,764 |  | 888,442

Page 5
Page 6
PHH Haymarket Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
9. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023 as restated
--- | --- | --- | ---
| £ |  | £
Trade creditors | 29,211 |  | 43,492
Amounts owed to group undertakings | 9,666,214 |  | 10,170,852
Other creditors | - |  | 10,000
| 9,695,425 |  | 10,224,344

10. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023 as restated
--- | --- | --- | ---
| £ |  | £
Other loans | 12,964,201 |  | 12,421,859

11. Secured Creditors
A loan in a group company is secured by a fixed and floating charge over the company's assets.
12. Share Capital

| 2024 |  | 2023 as restated
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

13. Ultimate Controlling Party
The company's ultimate controlling party is Jonathan Steiner by virtue of his ownership of 99% of the issued share capital in the company.
Page 6