Acorah Software Products - Accounts Production 16.5.460 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 09127188 Mr David Sloane Kensington (Secretarial & Registrar) Services Ltd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09127188 2023-09-30 09127188 2024-09-30 09127188 2023-10-01 2024-09-30 09127188 frs-core:CurrentFinancialInstruments 2024-09-30 09127188 frs-core:Non-currentFinancialInstruments 2024-09-30 09127188 frs-core:ComputerEquipment 2023-10-01 2024-09-30 09127188 frs-core:FurnitureFittings 2024-09-30 09127188 frs-core:FurnitureFittings 2023-10-01 2024-09-30 09127188 frs-core:FurnitureFittings 2023-09-30 09127188 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-30 09127188 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 09127188 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 09127188 frs-core:RevaluationReserve 2023-09-30 09127188 frs-core:RevaluationReserve 2024-09-30 09127188 frs-core:ShareCapital 2024-09-30 09127188 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 09127188 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09127188 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 09127188 frs-bus:SmallEntities 2023-10-01 2024-09-30 09127188 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 09127188 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09127188 frs-core:UnlistedNon-exchangeTraded 2024-09-30 09127188 frs-core:UnlistedNon-exchangeTraded 2023-09-30 09127188 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-09-30 09127188 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-09-30 09127188 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-09-30 09127188 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-09-30 09127188 frs-bus:Director1 2023-10-01 2024-09-30 09127188 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 09127188 frs-core:CurrentFinancialInstruments 1 2024-09-30 09127188 frs-core:CurrentFinancialInstruments 3 2024-09-30 09127188 frs-core:Non-currentFinancialInstruments 3 2024-09-30 09127188 frs-core:CurrentFinancialInstruments 4 2024-09-30 09127188 frs-core:CurrentFinancialInstruments 5 2024-09-30 09127188 frs-core:CurrentFinancialInstruments 6 2024-09-30 09127188 frs-core:CurrentFinancialInstruments 7 2024-09-30 09127188 frs-core:CurrentFinancialInstruments 8 2024-09-30 09127188 frs-countries:EnglandWales 2023-10-01 2024-09-30 09127188 2022-09-30 09127188 2023-09-30 09127188 2022-10-01 2023-09-30 09127188 frs-core:CurrentFinancialInstruments 2023-09-30 09127188 frs-core:Non-currentFinancialInstruments 2023-09-30 09127188 frs-core:RevaluationReserve 2023-09-30 09127188 frs-core:ShareCapital 2023-09-30 09127188 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 09127188 frs-core:CurrentFinancialInstruments 1 2023-09-30 09127188 frs-core:CurrentFinancialInstruments 3 2023-09-30 09127188 frs-core:Non-currentFinancialInstruments 3 2023-09-30 09127188 frs-core:CurrentFinancialInstruments 4 2023-09-30 09127188 frs-core:CurrentFinancialInstruments 5 2023-09-30 09127188 frs-core:CurrentFinancialInstruments 6 2023-09-30 09127188 frs-core:CurrentFinancialInstruments 7 2023-09-30 09127188 frs-core:CurrentFinancialInstruments 8 2023-09-30
Registered number: 09127188
Newhcl Limited
Financial Statements
For The Year Ended 30 September 2024
Sloane & Co. LLP
Chartered Certified Accountants & Business Advisors
Office 015
30 Great Guildford Street
Borough, London
SE1 0HS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09127188
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,942 12,232
Investment Properties 5 4,880,000 1,850,598
Investments 6 134,074 134,074
5,023,016 1,996,904
CURRENT ASSETS
Debtors 7 1,239,741 1,024,080
Investments 8 742 742
Cash at bank and in hand 242,287 128,777
1,482,770 1,153,599
Creditors: Amounts Falling Due Within One Year 9 (297,577 ) (186,798 )
NET CURRENT ASSETS (LIABILITIES) 1,185,193 966,801
TOTAL ASSETS LESS CURRENT LIABILITIES 6,208,209 2,963,705
Creditors: Amounts Falling Due After More Than One Year 10 (379,588 ) (404,635 )
NET ASSETS 5,828,621 2,559,070
CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Revaluation reserve 12 38,000 38,000
Profit and Loss Account 5,789,621 2,520,070
SHAREHOLDERS' FUNDS 5,828,621 2,559,070
Page 1
Page 2
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 David Sloane
Director
26 September 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Newhcl Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09127188 . The registered office is Office 015, 30 Great Guildford Street, Borough, London, SE1 0HS.
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. 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 Composite life method
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
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.
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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 year 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 asset reflects 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: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 October 2023 10,106 9,655 19,761
Additions - 9,797 9,797
Disposals (10,106 ) - (10,106 )
As at 30 September 2024 - 19,452 19,452
Depreciation
As at 1 October 2023 - 7,529 7,529
Provided during the period - 2,981 2,981
As at 30 September 2024 - 10,510 10,510
...CONTINUED
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Page 5
Net Book Value
As at 30 September 2024 - 8,942 8,942
As at 1 October 2023 10,106 2,126 12,232
5. Investment Property
2024
£
Fair Value
As at 1 October 2023 1,850,598
Disposals (350,000 )
Fair value adjustments 3,379,402
As at 30 September 2024 4,880,000
6. Investments
Unlisted
£
Cost
As at 1 October 2023 134,074
As at 30 September 2024 134,074
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 134,074
As at 1 October 2023 134,074
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 16,602 7,875
Prepayments and accrued income 8,245 8,735
Other debtors 26,460 50,378
Darumian Properties Ltd 51,500 80,000
Tenant Deposits 38,487 38,009
Other debtors - Ben Sloane 16,059 6,567
David Sloane Discretionary Trust 125,679 87,490
Other Debtor - S455 203,898 150,449
...CONTINUED
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Other debtors - Sloane & Co LLP 37,623 55,623
Director's loan account 640,725 482,196
Amounts owed by other participating interests / Gladden 74,463 56,758
1,239,741 1,024,080
8. Current Asset Investments
2024 2023
£ £
Unlisted investments 742 742
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,750 6,914
Corporation tax 128,066 27,413
Keytrades Ltd 34,712 50,676
Tenants Deposits 38,487 38,009
Loan/Mortgage from Lloyds 49,591 49,591
Accruals and deferred income 38,971 14,195
297,577 186,798
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Loan - Lloyds 379,588 404,635
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
12. Reserves
Revaluation Reserve
£
As at 1 October 2023 38,000
As at 30 September 2024 38,000
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