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Registered number: 12570740
Sandymount House Rhosneigr Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
The Hospitality Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12570740
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 412,468 348,157
412,468 348,157
CURRENT ASSETS
Stocks 6 23,506 24,448
Debtors 7 21,021 19,837
Cash at bank and in hand 170,335 76,309
214,862 120,594
Creditors: Amounts Falling Due Within One Year 8 (521,399 ) (350,066 )
NET CURRENT ASSETS (LIABILITIES) (306,537 ) (229,472 )
TOTAL ASSETS LESS CURRENT LIABILITIES 105,931 118,685
Creditors: Amounts Falling Due After More Than One Year 9 (18,799 ) -
NET ASSETS 87,132 118,685
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 87,032 118,585
SHAREHOLDERS' FUNDS 87,132 118,685
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For the year ending 31 October 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
Dr Philip Goodwin
Director
8 June 2026
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
Sandymount House Rhosneigr Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12570740 . The registered office is Sandymount House, High Street, Rhosneigr, LL64 5UX.
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 No depreciation
Plant & Machinery 15% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 33% Straight line
Leasehold Property Depreciation
The company has acquired three 999-year leasehold properties, which have been classified as tangible fixed assets in accordance with FRS 102 Section 17.
Under FRS 102, tangible fixed assets are generally depreciated over their estimated useful lives. However, the directors have determined that the leasehold properties have an indefinite useful life, as the lease term is effectively perpetual and there are no known factors that would materially reduce their value over time. As such, no depreciation has been charged in these financial statements.
In accordance with FRS 102.17, the company performs an annual impairment review to assess whether the carrying value of the leasehold properties are recoverable. If there are indicators of impairment, an impairment loss will be recognised in the Profit and Loss Account.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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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. 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 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: 51 (2024: 53)
51 53
4. Prior Period Adjustment
During the year, directors identified an error in the historic accounting for VAT. Comparative balances have been restated to recognise an additional VAT asset of 33,600 pounds, with a corresponding adjustment to amounts due from or to group undertakings. This adjustment affects balance sheet balances only, and has no impact on profit or loss for any period.
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 November 2024 295,000 22,419 - 25,908
Additions 17,604 28,944 22,348 14,100
As at 31 October 2025 312,604 51,363 22,348 40,008
Depreciation
As at 1 November 2024 - 2,342 - 5,331
Provided during the period - 5,502 2,328 7,613
As at 31 October 2025 - 7,844 2,328 12,944
...CONTINUED
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Net Book Value
As at 31 October 2025 312,604 43,519 20,020 27,064
As at 1 November 2024 295,000 20,077 - 20,577
Computer Equipment Total
£ £
Cost
As at 1 November 2024 14,281 357,608
Additions - 82,996
As at 31 October 2025 14,281 440,604
Depreciation
As at 1 November 2024 1,778 9,451
Provided during the period 3,242 18,685
As at 31 October 2025 5,020 28,136
Net Book Value
As at 31 October 2025 9,261 412,468
As at 1 November 2024 12,503 348,157
6. Stocks
2025 2024
£ £
Materials 23,506 24,448
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 9,383 7,937
Other debtors 11,638 11,900
21,021 19,837
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 2,302 -
Trade creditors 58,694 52,456
Amounts owed to participating interests 288,817 33,600
Other creditors 130,097 170,685
Taxation and social security 41,489 93,325
521,399 350,066
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 18,799 -
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,302 -
Later than one year and not later than five years 18,799 -
21,101 -
21,101 -
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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