Acorah Software Products - Accounts Production 16.8.200 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 NI026419 Mrs S A Horshi Mr B Doherty Mrs E Horshi Mr I Horshi Mr P Stafford Mrs R J Wylie Mrs S A Horshi true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI026419 2024-03-31 NI026419 2025-03-31 NI026419 2024-04-01 2025-03-31 NI026419 frs-core:CurrentFinancialInstruments 2025-03-31 NI026419 frs-core:Non-currentFinancialInstruments 2025-03-31 NI026419 frs-core:FurnitureFittings 2024-04-01 2025-03-31 NI026419 frs-core:LandBuildings 2025-03-31 NI026419 frs-core:LandBuildings 2024-04-01 2025-03-31 NI026419 frs-core:LandBuildings 2024-03-31 NI026419 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 NI026419 frs-core:MotorVehicles 2024-04-01 2025-03-31 NI026419 frs-core:PlantMachinery 2025-03-31 NI026419 frs-core:PlantMachinery 2024-04-01 2025-03-31 NI026419 frs-core:PlantMachinery 2024-03-31 NI026419 frs-core:CapitalRedemptionReserve 2025-03-31 NI026419 frs-core:SharePremium 2025-03-31 NI026419 frs-core:ShareCapital 2025-03-31 NI026419 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 NI026419 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 NI026419 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 NI026419 frs-bus:SmallEntities 2024-04-01 2025-03-31 NI026419 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 NI026419 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 NI026419 1 2024-04-01 2025-03-31 NI026419 frs-core:ListedExchangeTraded 2025-03-31 NI026419 frs-core:ListedExchangeTraded 2024-03-31 NI026419 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 NI026419 frs-core:CostValuation frs-core:ListedExchangeTraded 2025-03-31 NI026419 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 NI026419 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2025-03-31 NI026419 frs-bus:Director1 2024-04-01 2025-03-31 NI026419 frs-bus:Director2 2024-04-01 2025-03-31 NI026419 frs-bus:Director3 2024-04-01 2025-03-31 NI026419 frs-bus:Director4 2024-04-01 2025-03-31 NI026419 frs-bus:Director5 2024-04-01 2025-03-31 NI026419 frs-bus:Director6 2024-04-01 2025-03-31 NI026419 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 NI026419 frs-countries:NorthernIreland 2024-04-01 2025-03-31 NI026419 2023-03-31 NI026419 2024-03-31 NI026419 2023-04-01 2024-03-31 NI026419 frs-core:CurrentFinancialInstruments 2024-03-31 NI026419 frs-core:Non-currentFinancialInstruments 2024-03-31 NI026419 frs-core:CapitalRedemptionReserve 2024-03-31 NI026419 frs-core:SharePremium 2024-03-31 NI026419 frs-core:ShareCapital 2024-03-31 NI026419 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: NI026419
Cromer Enterprises Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: NI026419
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,458,986 1,601,719
Investments 5 750 750
1,459,736 1,602,469
CURRENT ASSETS
Stocks 6 12,022 10,222
Debtors 7 10,975 90,757
Cash at bank and in hand 144,640 196,690
167,637 297,669
Creditors: Amounts Falling Due Within One Year 8 (563,799 ) (695,117 )
NET CURRENT ASSETS (LIABILITIES) (396,162 ) (397,448 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,063,574 1,205,021
Creditors: Amounts Falling Due After More Than One Year 9 (500,027 ) (363,976 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (11,309 ) (35,487 )
NET ASSETS 552,238 805,558
CAPITAL AND RESERVES
Called up share capital 12 30,000 37,500
Share premium account - 192,500
Capital redemption reserve 7,500 -
Profit and Loss Account 514,738 575,558
SHAREHOLDERS' FUNDS 552,238 805,558
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For the year 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 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
Mrs S A Horshi
Director
12/12/2025
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
Cromer Enterprises Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI026419 . The registered office is 68 Clooney Road, Campsie, County Londonderry, Northern Ireland, BT47 3PA.
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
The financial statements have been prepared on the going concern basis, which assumes that the company will continue to be able to meets its liabilities as they fall due for the foreseeable future. The company’s activities, including the company’s cash flow, liquidity position and borrowing facilities are continuously reviewed by the directors.
The directors have a reasonable expectation that the company will have adequate resources to continue its activities for the foreseeable future and have adopted the going concern basis in preparing the company’s financial statements.
2.3. 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.
2.4. 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 2.5%
Plant & Machinery 10-20%
Motor Vehicles 25%
Fixtures & Fittings 10-20%
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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Transactions denominated in foreign currencies are translated at the exchange rate at the date of the transaction. All assets and liabilities denominated in foreign currency are translated at the rate of exchange ruling at the balance sheet date or the exchange rate of a related exchange contract where appropriate. The resulting gain or loss is taken to the profit and loss account.
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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. Government Grant
Grants that relate to specific capital expenditure are treated as deferred income which is then credited to the profit and loss account over the related asset’s useful life.  Revenue grants are credited to the profit and loss account when received.
2.9. Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition.
2.10. Debtors
Debtors are stated after all known bad debts have been written off and specific provision has been made against all debts considered doubtful of collection.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 43 (2024: 43)
43 43
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 April 2024 2,440,870 2,104,432 4,545,302
Additions 560 15,159 15,719
As at 31 March 2025 2,441,430 2,119,591 4,561,021
Depreciation
As at 1 April 2024 1,123,383 1,820,200 2,943,583
Provided during the period 35,748 122,704 158,452
As at 31 March 2025 1,159,131 1,942,904 3,102,035
...CONTINUED
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Net Book Value
As at 31 March 2025 1,282,299 176,687 1,458,986
As at 1 April 2024 1,317,487 284,232 1,601,719
5. Investments
Listed
£
Cost or Valuation
As at 1 April 2024 750
As at 31 March 2025 750
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 750
As at 1 April 2024 750
6. Stocks
2025 2024
£ £
Materials 12,022 10,222
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors (32,034 ) 11,053
Amounts owed by group undertakings 23,016 39,315
Other debtors 19,993 40,389
10,975 90,757
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 156,082 156,954
Bank loans and overdrafts 60,343 88,855
Other creditors 192,501 334,637
Taxation and social security 154,873 114,671
563,799 695,117
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 351,612 201,166
Other creditors 148,415 162,810
500,027 363,976
10. Secured Creditors
The Ulster Bank Limited loan is repayable by monthly instalments of £3,461. Interest is at the Bank's Base Rate plus a margin of 3.5%.
The overdraft carries interest at the Three Month Libor Linked Rate plus a margin of 3.5%.
The company availed of a CBILS loan of £250,000 in January 2024. The loan carries interest at 3.05% over Base Rate. The loan term is 6 years and capital repayments at £4,167 per month commenced in February 2025.
Security:
The Ulster Bank Limited holds as security over the bank loans and overdraft the following:
• An all monies debenture conferring on the Bank, fixed and floating security over the property assets undertakings rights and revenues (both present and future) of the Borrower;
• Freehold First Legal Charge over premises known as the White Horse Hotel contained with Land Certificate Folios LY17590 , LY12005 and LY2438 County Londonderry.
11. Capital Grants
2025 2024
£ £
Balance at 1 April 2024 162,809 176,242
Increase / (Decrease) in the year (14,395) (13,433)
Balance at 31 March 2025 148,414 162,809
12. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 30,000 37,500
13. Post Balance Sheet Events
There have been no significant events affecting the company since the year end.
14. Related Party Transactions
I Horshi, EJA Horshi, SAF Horshi and RJ Wylie are regarded as related parties as defined by Financial Reporting Standard 8 “Related Party Disclosures” by virtue of being directors of Cromer Enterprises Limited during the year. Included  within ‘Other creditors’ is £82,208 (2024: £89,609) owing to the directors of the company. 
C Reid is regarded as a related party as defined by Financial Reporting Standard 8 “Related Party Disclosures” by virtue of his shareholding. Included within other debtors is £Nil (2024: £26,040) owing by C Reid to the company.
Donnybrewer Developments Limited is regarded as a related party as defined by Financial Reporting Standard 8 “Related Party Disclosures” due to Cromer Enterprises Limited’s shareholding in the company. Included within other debtors is £23,015 (2024: £39,315) owing by Dpnnybrewer Developments Limited to the company.
15. Ultimate Controlling Party
There is no ultimate controlling party.
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