Acorah Software Products - Accounts Production 16.8.310 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 09793756 Mr Errol Buxton Mr Savvas Michael iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09793756 2024-03-31 09793756 2025-03-31 09793756 2024-04-01 2025-03-31 09793756 frs-core:CurrentFinancialInstruments 2025-03-31 09793756 frs-core:Non-currentFinancialInstruments 2025-03-31 09793756 frs-core:ComputerEquipment 2025-03-31 09793756 frs-core:ComputerEquipment 2024-04-01 2025-03-31 09793756 frs-core:ComputerEquipment 2024-03-31 09793756 frs-core:FurnitureFittings 2025-03-31 09793756 frs-core:FurnitureFittings 2024-04-01 2025-03-31 09793756 frs-core:FurnitureFittings 2024-03-31 09793756 frs-core:NetGoodwill 2025-03-31 09793756 frs-core:NetGoodwill 2024-04-01 2025-03-31 09793756 frs-core:NetGoodwill 2024-03-31 09793756 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 09793756 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 09793756 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 09793756 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 09793756 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 09793756 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 09793756 frs-core:MotorVehicles 2024-04-01 2025-03-31 09793756 frs-core:PlantMachinery 2025-03-31 09793756 frs-core:PlantMachinery 2024-04-01 2025-03-31 09793756 frs-core:PlantMachinery 2024-03-31 09793756 frs-core:SharePremium 2025-03-31 09793756 frs-core:ShareCapital 2025-03-31 09793756 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 09793756 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09793756 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 09793756 frs-bus:SmallEntities 2024-04-01 2025-03-31 09793756 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09793756 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09793756 frs-bus:Director1 2024-04-01 2025-03-31 09793756 frs-bus:Director2 2024-04-01 2025-03-31 09793756 frs-core:CurrentFinancialInstruments 1 2025-03-31 09793756 frs-core:Non-currentFinancialInstruments 1 2025-03-31 09793756 frs-core:CurrentFinancialInstruments 2 2025-03-31 09793756 frs-core:Non-currentFinancialInstruments 2 2025-03-31 09793756 frs-core:CurrentFinancialInstruments 3 2025-03-31 09793756 frs-core:Non-currentFinancialInstruments 3 2025-03-31 09793756 frs-core:Non-currentFinancialInstruments 5 2025-03-31 09793756 frs-core:Non-currentFinancialInstruments 6 2025-03-31 09793756 frs-countries:EnglandWales 2024-04-01 2025-03-31 09793756 2023-03-31 09793756 2024-03-31 09793756 2023-04-01 2024-03-31 09793756 frs-core:CurrentFinancialInstruments 2024-03-31 09793756 frs-core:Non-currentFinancialInstruments 2024-03-31 09793756 frs-core:SharePremium 2024-03-31 09793756 frs-core:ShareCapital 2024-03-31 09793756 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09793756 frs-core:CurrentFinancialInstruments 1 2024-03-31 09793756 frs-core:Non-currentFinancialInstruments 1 2024-03-31 09793756 frs-core:CurrentFinancialInstruments 2 2024-03-31 09793756 frs-core:Non-currentFinancialInstruments 2 2024-03-31 09793756 frs-core:CurrentFinancialInstruments 3 2024-03-31 09793756 frs-core:Non-currentFinancialInstruments 3 2024-03-31 09793756 frs-core:Non-currentFinancialInstruments 5 2024-03-31 09793756 frs-core:Non-currentFinancialInstruments 6 2024-03-31
Registered number: 09793756
Holtwhites Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Ascot Sinclair Associates Ltd
Chartered Certified Accountants
Avondale House
262 Uxbridge Road
Hatch End
Middlesex
HA5 4HS
Holtwhites Ltd
Contents
Contents

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

Page 1
Holtwhites Ltd
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 09793756

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 21,288 |  | 26,288
Tangible Assets | 5 |  | 9,889,947 |  | 9,943,446
|  |  | 9,911,235 |  | 9,969,734
CURRENT ASSETS
Debtors | 6 | 1,753,642 |  | 2,240,271 |
Cash at bank and in hand |  | 22,910 |  | 20,816 |
|  | 1,776,552 |  | 2,261,087 |
Creditors: Amounts Falling Due Within One Year | 7 | (807,583 ) |  | (928,804 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 968,969 |  | 1,332,283
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 10,880,204 |  | 11,302,017
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (4,222,361 ) |  | (4,704,384 )
NET ASSETS |  |  | 6,657,843 |  | 6,597,633
CAPITAL AND RESERVES
Called up share capital | 9 |  | 100 |  | 100
Share premium account |  |  | 3,779,248 |  | 3,779,248
Profit and Loss Account |  |  | 2,878,495 |  | 2,818,285
SHAREHOLDERS' FUNDS |  |  | 6,657,843 |  | 6,597,633

Page 1
Page 2
Holtwhites Ltd
Balance Sheet (continued)
As At 31 March 2025
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

Mr Errol Buxton Director | Mr Savvas Michael Director
23/01/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Holtwhites Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Holtwhites Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09793756 . The registered office is Avondale House, 262 Uxbrodge Road, Hatch End, Middlesex, HA5 4HS.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. 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 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 | no depreciation
Leasehold | Straightline over 51 years
Plant & Machinery | 25% reducing balancae
Motor Vehicles | 25% reducing balance
Fixtures & Fittings | 25% reducing balance
Computer Equipment | 25% reducing balance

Freehold land and buildings (accounting policy and departure from FRS 102)
The financial statements have been prepared under FRS 102.
Freehold land and buildings
Freehold land and buildings are included within property, plant and equipment and are stated at cost less accumulated depreciation and accumulated impairment losses. Freehold land is not depreciated.
The directors consider that the Company’s freehold building has an indefinite useful economic life. The premises comprise a hotel and a daycare centre which are maintained to a very high standard and are subject to a programme of regular maintenance and periodic refurbishment/renovation such that, in the directors’ judgement, the service potential of the building is maintained and no predictable limit can be placed on the period over which the building is expected to be used by the Company. Accordingly, no depreciation is charged on the freehold building.
Routine repairs and maintenance expenditure is charged to profit or loss as incurred. Expenditure that results in an enhancement of the economic benefits expected from the asset beyond its previously assessed standard of performance is capitalised.
The carrying amount of the freehold building is reviewed for impairment at least annually and whenever events or changes in circumstances indicate that its carrying amount may not be recoverable.
Departure from FRS 102 (true and fair override) – non-depreciation of freehold building
In preparing these financial statements, the directors have departed from the requirement of FRS 102 to depreciate property, plant and equipment (freehold buildings) over their useful economic lives.
...CONTINUED
Page 3
Page 4
Holtwhites Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.4. Tangible Fixed Assets and Depreciation - continued
The directors believe that charging depreciation on the freehold building would not reflect the pattern in which the economic benefits of the building are consumed, given the level of maintenance and periodic refurbishment undertaken, and would therefore not present a true and fair view of the Company’s financial performance and financial position. On this basis, the directors have concluded that the building should not be depreciated.
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 37 (2024: 47)
37 47
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 April 2024 | 50,000
As at 31 March 2025 | 50,000
Amortisation
As at 1 April 2024 | 23,712
Provided during the period | 5,000
As at 31 March 2025 | 28,712
Net Book Value
As at 31 March 2025 | 21,288
As at 1 April 2024 | 26,288

Page 4
Page 5
Holtwhites Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
5. Tangible Assets

| Land & Property
--- | ---
| Freehold | Leasehold | Plant & Machinery | Fixtures & Fittings
| £ | £ | £ | £
Cost
As at 1 April 2024 | 8,127,181 | 1,750,000 | 36,773 | 179,831
Additions | - | - | - | 7,306
As at 31 March 2025 | 8,127,181 | 1,750,000 | 36,773 | 187,137
Depreciation
As at 1 April 2024 | - | 34,314 | 21,647 | 94,378
Provided during the period | - | 34,314 | 3,781 | 23,190
As at 31 March 2025 | - | 68,628 | 25,428 | 117,568
Net Book Value
As at 31 March 2025 | 8,127,181 | 1,681,372 | 11,345 | 69,569
As at 1 April 2024 | 8,127,181 | 1,715,686 | 15,126 | 85,453

| Computer Equipment | Total
--- | --- | ---
| £ | £
Cost
As at 1 April 2024 | - | 10,093,785
Additions | 640 | 7,946
As at 31 March 2025 | 640 | 10,101,731
Depreciation
As at 1 April 2024 | - | 150,339
Provided during the period | 160 | 61,445
As at 31 March 2025 | 160 | 211,784
Net Book Value
As at 31 March 2025 | 480 | 9,889,947
As at 1 April 2024 | - | 9,943,446

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 130,270 |  | 289,942
Prepayments and accrued income | 179,804 |  | 219,522
Other debtors | 7,087 |  | 7,087
| 317,161 |  | 516,551
Due after more than one year
Other debtors - Intrer Co - Buckworth Chase Partnership | 1,436,481 |  | 1,723,720
| 1,753,642 |  | 2,240,271

Page 5
Page 6
Holtwhites Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 117,881 |  | 100,063
Bank loans and overdrafts | 92,763 |  | 133,188
Corporation tax | 349,310 |  | 397,870
Other taxes and social security | 9,725 |  | 21,435
VAT | 71,970 |  | 57,187
Net wages | 1,190 |  | 11,382
Other creditors | 38 |  | 4,270
Loan Note 1-S Michael - Amounts due within one year | 43,500 |  | 39,500
Loan Note 2-EPB buxton - Amounts due wihtin one year | 43,500 |  | 39,500
Other creditors - pension liability | 5,261 |  | 4,647
Accruals and deferred income | 7,200 |  | 23,000
Directors' loan accounts | - |  | 96,762
Amounts owed to associates | 65,245 |  | -
| 807,583 |  | 928,804

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

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 1,096,121 |  | 482,800
Other creditors - Inter Co - PCCH | 1,088,196 |  | 1,790,102
Other creditors - Rosegem Ltd | 903 |  | 903
Other creditors - Reliance | (300 ) |  | 5,900
Other creditors - Loan Note 1 - S Michael - falling due after 1 year | 1,030,920 |  | 1,205,140
Other creditors -Loan Note 2 - EP Buxton - falling due after 1 year | 1,006,521 |  | 1,219,539
| 4,222,361 |  | 4,704,384

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

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