Acorah Software Products - Accounts Production 19.2.450 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09578334 Mr Philip Derbyshire Mr Adam Derbyshire Adam Derbyshire true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09578334 2023-12-31 09578334 2024-12-31 09578334 2024-01-01 2024-12-31 09578334 frs-core:CurrentFinancialInstruments 2024-12-31 09578334 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 09578334 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09578334 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 09578334 frs-core:RevaluationReserve 2023-12-31 09578334 frs-core:RevaluationReserve 2024-12-31 09578334 frs-core:SharePremium 2023-12-31 09578334 frs-core:SharePremium 2024-12-31 09578334 frs-core:ShareCapital 2024-12-31 09578334 frs-core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 09578334 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-12-31 09578334 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09578334 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09578334 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09578334 frs-bus:SmallEntities 2024-01-01 2024-12-31 09578334 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09578334 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09578334 frs-bus:OrdinaryShareClass2 2024-01-01 2024-12-31 09578334 frs-bus:OrdinaryShareClass2 2024-12-31 09578334 frs-bus:OrdinaryShareClass3 2024-01-01 2024-12-31 09578334 frs-bus:OrdinaryShareClass3 2024-12-31 09578334 frs-bus:OrdinaryShareClass4 2024-01-01 2024-12-31 09578334 frs-bus:OrdinaryShareClass4 2024-12-31 09578334 1 2024-01-01 2024-12-31 09578334 frs-core:CostValuation 2023-12-31 09578334 frs-core:CostValuation 2024-12-31 09578334 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 09578334 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 09578334 frs-bus:Director1 2024-01-01 2024-12-31 09578334 frs-bus:Director2 2024-01-01 2024-12-31 09578334 frs-countries:EnglandWales 2024-01-01 2024-12-31 09578334 2022-12-31 09578334 2023-12-31 09578334 2023-01-01 2023-12-31 09578334 frs-core:CurrentFinancialInstruments 2023-12-31 09578334 frs-core:RevaluationReserve 2023-12-31 09578334 frs-core:SharePremium 2023-12-31 09578334 frs-core:ShareCapital 2023-12-31 09578334 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09578334 frs-bus:OrdinaryShareClass2 2023-01-01 2023-12-31 09578334 frs-bus:OrdinaryShareClass3 2023-01-01 2023-12-31 09578334 frs-bus:OrdinaryShareClass4 2023-01-01 2023-12-31
Registered number: 09578334
Derbyshire Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Market Place Accounting Services
The Old Bank
21 Market Place
Long Buckby
NN6 7RR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 09578334
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,526,840 1,552,450
Investments 5 1,200,000 1,200,000
2,726,840 2,752,450
CURRENT ASSETS
Debtors 6 10,999 11,259
Cash at bank and in hand 14,158 9,574
25,157 20,833
Creditors: Amounts Falling Due Within One Year 7 (1,788,562 ) (1,792,124 )
NET CURRENT ASSETS (LIABILITIES) (1,763,405 ) (1,771,291 )
TOTAL ASSETS LESS CURRENT LIABILITIES 963,435 981,159
PROVISIONS FOR LIABILITIES
Deferred Taxation (27,210 ) (27,210 )
NET ASSETS 936,225 953,949
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Share premium account 599,501 599,501
Revaluation reserve 10 286,194 286,194
Profit and Loss Account 49,530 67,254
SHAREHOLDERS' FUNDS 936,225 953,949
Page 1
Page 2
For the year ending 31 December 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
Mr Adam Derbyshire
Director
12th June 2026
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Derbyshire Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09578334 . The registered office is 21 Market Place, Long Buckby, Northampton, Northamptonshire, NN6 7RR.
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:
Freehold 2% straight line
2.4. 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.
...CONTINUED
Page 3
Page 4
2.4. Taxation - continued
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: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 January 2024 1,680,500
As at 31 December 2024 1,680,500
Depreciation
As at 1 January 2024 128,050
Provided during the period 25,610
As at 31 December 2024 153,660
Net Book Value
As at 31 December 2024 1,526,840
As at 1 January 2024 1,552,450
Freehold property follows the cost and depreciation model inline with Paragraph 16.4A of Section 16 of FRS102. As a result the property is carried at its net book value of £1,526,840 (2023 - £1,552,450) on the Balance Sheet. The Directors are of the view that the property has an open market valuation of £2,250,000 and are comfortable that the property value does not require impairment.
...CONTINUED
Page 4
Page 5
4. Tangible Assets - continued
The Company elected to use the fair value as at 31 December 2018 of £1,680,500 as the deemed cost for the property. The valuation was performed by Vail Williams, qualified independant valuers with RICS qualifications. The cost of the property was £1,367,096 with the revalued amount being £313,404. The property also includes an element of land totalling £400,000 (2023 - £400,000) which is not depreciated.
5. Investments
Subsidiaries
£
Cost
As at 1 January 2024 1,200,000
As at 31 December 2024 1,200,000
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 1,200,000
As at 1 January 2024 1,200,000
Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name
Spirit Motor Holdings Limited
Registered Office
Fortune Close
Riverside Business Park
Northampton
NN3 9HZ
Class of Share
Ordinary
Holding
100%
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 10,999 11,259
Page 5
Page 6
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,485 1,485
Bank loans and overdrafts 802,440 851,881
Amounts owed to group undertakings 978,638 938,950
Other creditors 500 -
Taxation and social security 5,499 (192 )
1,788,562 1,792,124
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
600 Ordinary A shares of £ 1.00 each 600 600
300 Ordinary B shares of £ 1.00 each 300 300
100 Ordinary C shares of £ 1.00 each 100 100
1,000 1,000
9. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 70,022 63,000
10. Reserves
Share Premium Revaluation reserve Profit and Loss Account
£ £ £
As at 1 January 2024 599,501 286,194 67,254
Profit for the year and total comprehensive income - - 52,298
Dividends paid - - (70,022)
As at 31 December 2024 599,501 286,194 49,530
Share premium account
The share premium account represents amounts paid for the share capital over and above their nominal value.
Revaluation reserve
The revaluation reserve represents the revaluation gains recognised on property net of deferred taxation.
Page 6
Page 7
11. Related Party Transactions
During the year dividends of £70,022 (2023 - £63,000) were paid to a Director.
12. Ultimate Controlling Party
The company's ultimate controlling party is Adam Derbyshire .
Page 7