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Registered number: 06421670
St James's Developments Limited
Unaudited Financial Statements
For the Period 1 December 2023 to 31 March 2025
Golding Accountancy
ACCA
Armoury House Armoury Road
West Bergholt
Colchester
Essex
CO6 3JP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06421670
31 March 2025 30 November 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 415,988 415,988
415,988 415,988
CURRENT ASSETS
Debtors 5 - 6,000
Cash at bank and in hand 745 11,798
745 17,798
Creditors: Amounts Falling Due Within One Year 6 (71,853 ) (70,641 )
NET CURRENT ASSETS (LIABILITIES) (71,108 ) (52,843 )
TOTAL ASSETS LESS CURRENT LIABILITIES 344,880 363,145
Creditors: Amounts Falling Due After More Than One Year 7 (204,647 ) (234,658 )
NET ASSETS 140,233 128,487
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 140,231 128,485
SHAREHOLDERS' FUNDS 140,233 128,487
Page 1
Page 2
For the period ending 31 March 2025 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 Craig Went
Director
21 November 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
St James's Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06421670 . The registered office is Armoury House Armoury Road, West Bergholt, Colchester, Essex, CO6 3JP.
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. 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:
Freehold 0%
2.3. 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 period, 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 period was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 December 2023 415,988
As at 31 March 2025 415,988
Net Book Value
As at 31 March 2025 415,988
As at 1 December 2023 415,988
Page 3
Page 4
5. Debtors
31 March 2025 30 November 2023
£ £
Due within one year
Amounts owed by associates - 6,000
6. Creditors: Amounts Falling Due Within One Year
31 March 2025 30 November 2023
£ £
Bank loans and overdrafts 25,687 21,365
Corporation tax 3,250 11,903
Accruals and deferred income 1,263 1,263
Director's loan account 1,462 36,110
Amounts owed to associates 40,191 -
71,853 70,641
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2025 30 November 2023
£ £
Bank loans 204,647 234,658
8. Share Capital
31 March 2025 30 November 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4