Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 29 September 2024 29 September 2024 13602148 J G Vigne H J Vigne iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13602148 2023-09-30 13602148 2024-09-29 13602148 2023-10-01 2024-09-29 13602148 frs-core:CurrentFinancialInstruments 2024-09-29 13602148 frs-core:Non-currentFinancialInstruments 2024-09-29 13602148 frs-core:FurnitureFittings 2024-09-29 13602148 frs-core:FurnitureFittings 2023-10-01 2024-09-29 13602148 frs-core:FurnitureFittings 2023-09-30 13602148 frs-core:ShareCapital 2024-09-29 13602148 frs-core:RetainedEarningsAccumulatedLosses 2024-09-29 13602148 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-29 13602148 frs-bus:FilletedAccounts 2023-10-01 2024-09-29 13602148 frs-bus:SmallEntities 2023-10-01 2024-09-29 13602148 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-29 13602148 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-29 13602148 frs-bus:OrdinaryShareClass2 2023-10-01 2024-09-29 13602148 frs-bus:OrdinaryShareClass2 2024-09-29 13602148 frs-bus:OrdinaryShareClass3 2023-10-01 2024-09-29 13602148 frs-bus:OrdinaryShareClass3 2024-09-29 13602148 frs-bus:OrdinaryShareClass4 2023-10-01 2024-09-29 13602148 frs-bus:OrdinaryShareClass4 2024-09-29 13602148 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-09-30 13602148 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-09-29 13602148 frs-bus:Director1 2023-10-01 2024-09-29 13602148 frs-bus:Director2 2023-10-01 2024-09-29 13602148 frs-countries:EnglandWales 2023-10-01 2024-09-29 13602148 2022-09-30 13602148 2023-09-30 13602148 2022-10-01 2023-09-30 13602148 frs-core:CurrentFinancialInstruments 2023-09-30 13602148 frs-core:Non-currentFinancialInstruments 2023-09-30 13602148 frs-core:ShareCapital 2023-09-30 13602148 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 13602148 frs-bus:OrdinaryShareClass2 2022-10-01 2023-09-30 13602148 frs-bus:OrdinaryShareClass3 2022-10-01 2023-09-30 13602148 frs-bus:OrdinaryShareClass4 2022-10-01 2023-09-30 13602148 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-09-30
Registered number: 13602148
Southwell Holdings Ltd
Unaudited Financial Statements
For The Year Ended 29 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13602148
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,935 2,287
Investment Properties 5 1,122,048 685,000
1,123,983 687,287
CURRENT ASSETS
Debtors 6 5,026 5,509
Cash at bank and in hand 3,248 19,035
8,274 24,544
Creditors: Amounts Falling Due Within One Year 7 (280,702 ) (168,435 )
NET CURRENT ASSETS (LIABILITIES) (272,428 ) (143,891 )
TOTAL ASSETS LESS CURRENT LIABILITIES 851,555 543,396
Creditors: Amounts Falling Due After More Than One Year 8 (718,121 ) (432,899 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (25,496 ) (25,496 )
NET ASSETS 107,938 85,001
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 134,187 134,187
Profit and Loss Account (26,349 ) (49,286 )
SHAREHOLDERS' FUNDS 107,938 85,001
Page 1
Page 2
For the year ending 29 September 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
J G Vigne
Director
23 September 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
Southwell Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13602148 . The registered office is Rose Cottage Park Hill, Hook Norton, Banbury, OX15 5LP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared in Sterling (£), which is the functional currency of the company. The financial statements are for the year ended 29 September 2024 (2023: year ended 30 September 2023)
The financial statements are prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Fixtures & Fittings 15% straight line
2.4. 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.
The valuation of investment properties has been made by the directors on an open market basis.
2.5. Financial Instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties.
All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found and impairment loss is recognised in the profit and loss account.
2.6. 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.
...CONTINUED
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2.6. Taxation - continued
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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: NIL (2023: NIL)
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 1 October 2023 2,346
As at 29 September 2024 2,346
Depreciation
As at 1 October 2023 59
Provided during the period 352
As at 29 September 2024 411
Net Book Value
As at 29 September 2024 1,935
As at 1 October 2023 2,287
5. Investment Property
2024
£
Fair Value
As at 1 October 2023 685,000
Additions 437,048
As at 29 September 2024 1,122,048
The valuation of investment properties has been made by the directors on an open market basis as at 30 September 2024. 
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,321 2,164
Other debtors 3,705 3,345
5,026 5,509
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 12,720
Other loans 33,606 22,653
Corporation tax 912 -
Other creditors 1,607 3,108
Accruals and deferred income 8,235 6,186
Directors' loan accounts 236,342 123,768
280,702 168,435
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 654,852 336,025
Other loans 63,269 96,874
718,121 432,899
Bank loans are secured by way of a fixed charge and negative pledge clause over the investment properties.
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
45 Ordinary A shares of £ 1.000 each 45 45
45 Ordinary B shares of £ 1.000 each 45 45
10 Ordinary C shares of £ 1.000 each 10 10
100 100
10. Reserves
Fair Value Reserve
£
As at 1 October 2023 134,187
As at 29 September 2024 134,187
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