Acorah Software Products - Accounts Production 16.0.110 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 01117535 Mrs Jessica Gooch Georgiou Mr Jeffrey Nedas Miss Charlotte Gooch Miss Charlotte Gooch iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01117535 2023-04-30 01117535 2024-04-30 01117535 2023-05-01 2024-04-30 01117535 frs-core:CurrentFinancialInstruments 2024-04-30 01117535 frs-core:Non-currentFinancialInstruments 2024-04-30 01117535 frs-core:ComputerEquipment 2024-04-30 01117535 frs-core:ComputerEquipment 2023-05-01 2024-04-30 01117535 frs-core:ComputerEquipment 2023-04-30 01117535 frs-core:FurnitureFittings 2024-04-30 01117535 frs-core:FurnitureFittings 2023-05-01 2024-04-30 01117535 frs-core:FurnitureFittings 2023-04-30 01117535 frs-core:ShareCapital 2024-04-30 01117535 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 01117535 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 01117535 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 01117535 frs-bus:SmallEntities 2023-05-01 2024-04-30 01117535 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 01117535 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 01117535 frs-core:DeferredTaxation 2023-04-30 01117535 frs-core:DeferredTaxation 2024-04-30 01117535 frs-bus:Director1 2023-05-01 2024-04-30 01117535 frs-bus:Director2 2023-05-01 2024-04-30 01117535 frs-bus:Director3 2023-05-01 2024-04-30 01117535 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 01117535 frs-countries:EnglandWales 2023-05-01 2024-04-30 01117535 2022-04-30 01117535 2023-04-30 01117535 2022-05-01 2023-04-30 01117535 frs-core:CurrentFinancialInstruments 2023-04-30 01117535 frs-core:Non-currentFinancialInstruments 2023-04-30 01117535 frs-core:ShareCapital 2023-04-30 01117535 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 01117535
Buckland Securities Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 01117535
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 338 1,222
Investment Properties 4 25,771,647 25,771,647
25,771,985 25,772,869
CURRENT ASSETS
Debtors 5 8,532,149 9,041,177
Cash at bank and in hand 225,038 47,625
8,757,187 9,088,802
Creditors: Amounts Falling Due Within One Year 6 (738,619 ) (1,324,291 )
NET CURRENT ASSETS (LIABILITIES) 8,018,568 7,764,511
TOTAL ASSETS LESS CURRENT LIABILITIES 33,790,553 33,537,380
Creditors: Amounts Falling Due After More Than One Year 7 (2,871,289 ) (2,421,772 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,969,880 ) (3,969,880 )
NET ASSETS 26,949,384 27,145,728
CAPITAL AND RESERVES
Called up share capital 9 500,000 500,000
Profit and Loss Account 26,449,384 26,645,728
SHAREHOLDERS' FUNDS 26,949,384 27,145,728
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For the year ending 30 April 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
Miss Charlotte Gooch
Director
30th January 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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 rendering of services. Turnover is reduced for estimated customer rebates and other similar allowances.
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.
1.3. 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:
Fixtures & Fittings 15% on cost
Computer Equipment 33% on cost
1.4. Investment Properties
All investment properties are carried at fair value determined at their open market value. 
Market values are reveiwed by the directors annually with formal revaluations conducted by an independent property surveyor on a periodic basis. 
No depreciation is provided for. 
Changes in fair value are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
1.5. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred on a straight line basis over the period of the lease.
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1.6. 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 year 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 asset reflects 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.
1.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
3. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 73,134 23,935 97,069
As at 30 April 2024 73,134 23,935 97,069
Depreciation
As at 1 May 2023 71,912 23,935 95,847
Provided during the period 884 - 884
As at 30 April 2024 72,796 23,935 96,731
...CONTINUED
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Net Book Value
As at 30 April 2024 338 - 338
As at 1 May 2023 1,222 - 1,222
Cost or valuation as at 30 April 2024 represented by:
Fixtures & Fittings Computer Equipment Total
£ £ £
At cost 73,134 23,935 97,069
73,134 23,935 97,069
4. Investment Property
2024
£
Fair Value
As at 1 May 2023 and 30 April 2024 25,771,647
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 87,343 235,746
Other debtors 8,444,806 8,805,431
8,532,149 9,041,177
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,012 539,842
Other creditors 668,440 660,858
Taxation and social security 67,167 123,591
738,619 1,324,291
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,159,956 1,463,118
Other creditors 1,711,333 958,654
2,871,289 2,421,772
Of the creditors falling due after more than one year includes a bank loan which has been secured by way of fixed charges over the freehold property 34 Smith Square, London, SW1P 3HL.
This serves as collateral for the related borrowings and is subject to negative pledge cause.
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 May 2023 3,969,880 3,969,880
Balance at 30 April 2024 3,969,880 3,969,880
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 500,000 500,000
On 30 March 2023 4,200 Ordinary Shares of £1 each were redesignated into 600 A Ordinary Shares of £1 each, 600 B Ordinary Shares of £1 each, 600 C Ordinary Shares of £1 each, 600 D Ordinary Shares of £1 each, 600 E Ordinary Shares of £1 each, 600 F Ordinary Shares of £1 each and 600 G Ordinary Shares of £1 each.
10. Related Party Transactions
Buckland Securities Executive Pension Scheme
During the year, two of the directors of the company were beneficiaries of the pension scheme.
Interest amounting to £29,390 (2023: £36,530) was charged to the company during the year on the loans provided by the Buckland Securities Executive Pension Scheme. The amount outstanding on the loans at 30 April 2024 was £1,711,333 (2023: £958,653).
Buckland Estates LP
During the year two of the directors of the company were partners in Buckland Estates LP. 
The amount outstanding on the loan at 30 April 2024 was £7,607,826 (2023: £7,607,826). No interest was charged during the year (2023: £Nil). 
Buckland Estates LP charged the company office rent of £17,875 (2023: £9,363). 
CAG Property Management Limited
During the year two of the directors of the company were also directors of CAG Property Management Limited. 
...CONTINUED
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10. Related Party Transactions - continued
During the year ended 30 April 2024 Buckland Securities Limited was charged £29,100 (2023: £29,100) for managing agent services.
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