Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 04998358 Mr A B Greatrex Mr C S Simmons Mrs A J Park iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04998358 2023-12-31 04998358 2024-12-31 04998358 2024-01-01 2024-12-31 04998358 frs-core:CurrentFinancialInstruments 2024-12-31 04998358 frs-core:Non-currentFinancialInstruments 2024-12-31 04998358 frs-core:FurnitureFittings 2024-12-31 04998358 frs-core:FurnitureFittings 2024-01-01 2024-12-31 04998358 frs-core:FurnitureFittings 2023-12-31 04998358 frs-core:PlantMachinery 2024-12-31 04998358 frs-core:PlantMachinery 2024-01-01 2024-12-31 04998358 frs-core:PlantMachinery 2023-12-31 04998358 frs-core:RevaluationReserve 2024-01-01 2024-12-31 04998358 frs-core:RevaluationReserve 2023-12-31 04998358 frs-core:RevaluationReserve 2024-12-31 04998358 frs-core:ShareCapital 2024-12-31 04998358 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04998358 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04998358 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04998358 frs-bus:SmallEntities 2024-01-01 2024-12-31 04998358 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04998358 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04998358 frs-bus:OrdinaryShareClass2 2024-01-01 2024-12-31 04998358 frs-bus:OrdinaryShareClass2 2024-12-31 04998358 frs-bus:OrdinaryShareClass3 2024-01-01 2024-12-31 04998358 frs-bus:OrdinaryShareClass3 2024-12-31 04998358 frs-bus:OrdinaryShareClass4 2024-01-01 2024-12-31 04998358 frs-bus:OrdinaryShareClass4 2024-12-31 04998358 frs-core:UnlistedNon-exchangeTraded 2024-12-31 04998358 frs-core:UnlistedNon-exchangeTraded 2023-12-31 04998358 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 04998358 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 04998358 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 04998358 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 04998358 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 04998358 frs-bus:Director1 2024-01-01 2024-12-31 04998358 frs-bus:Director2 2024-01-01 2024-12-31 04998358 frs-bus:Director3 2024-01-01 2024-12-31 04998358 frs-countries:EnglandWales 2024-01-01 2024-12-31 04998358 2022-12-31 04998358 2023-12-31 04998358 2023-01-01 2023-12-31 04998358 frs-core:CurrentFinancialInstruments 2023-12-31 04998358 frs-core:Non-currentFinancialInstruments 2023-12-31 04998358 frs-core:RevaluationReserve 2023-12-31 04998358 frs-core:ShareCapital 2023-12-31 04998358 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04998358 frs-bus:OrdinaryShareClass2 2023-01-01 2023-12-31 04998358 frs-bus:OrdinaryShareClass3 2023-01-01 2023-12-31 04998358 frs-bus:OrdinaryShareClass4 2023-01-01 2023-12-31
Registered number: 04998358
ISE Estates Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Deans
Gibson House Hurricane Close
Stafford
Staffordshire
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04998358
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 41,413 55,368
Investment Properties 5 14,250,000 12,695,168
Investments 6 100 -
14,291,513 12,750,536
CURRENT ASSETS
Debtors 7 252,846 187,598
Cash at bank and in hand 319,985 297,024
572,831 484,622
Creditors: Amounts Falling Due Within One Year 8 (2,672,978 ) (2,756,504 )
NET CURRENT ASSETS (LIABILITIES) (2,100,147 ) (2,271,882 )
TOTAL ASSETS LESS CURRENT LIABILITIES 12,191,366 10,478,654
Creditors: Amounts Falling Due After More Than One Year 9 (508,491 ) (928,457 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (49,849 ) (2,498 )
NET ASSETS 11,633,026 9,547,699
CAPITAL AND RESERVES
Called up share capital 11 300,000 300,000
Revaluation reserve 12 4,064,820 2,579,701
Profit and Loss Account 7,268,206 6,667,998
SHAREHOLDERS' FUNDS 11,633,026 9,547,699
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 A B Greatrex
Director
Mr C S Simmons
Director
Mrs A J Park
Director
14 April 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
ISE Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04998358 . The registered office is Gibson House Hurricane Court, Hurricane Close, Stafford, ST16 1GZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 
The financial statements have been prepared under the historical cost convention as modifed by the revaluation of certain fixed assets. 
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. 
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. The policies adopted for the recognition of turnover are as follows:
Rental income
Rental income from operating leases (net of any incentives given to the lessees) is recognised on a straight-line basis over the lease term. 
Interest receivable
Interest income is recognised using the effective interest method is recognised as the company's right to receive payment is established. 
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:
Plant & Machinery 25% on reducing balance and 10% on cost
Fixtures & Fittings 25% on reducing balance
2.4. Investment Properties
In the opinion of the directors the investment property is included at an amount that accords to its fair value at the balance sheet date. Revaluation surpluses are recognised in the profit and loss account. Deferred tax is provided on these gains at the rate expected to apply when the property is sold. 
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.
...CONTINUED
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Page 4
2.5. Taxation - continued
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.
2.6. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. 
2.7. Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrnagement consititutes a finance transaction it is measured at present value. 
2.8. Investment in subsidiary
Investment in subsidiary undertakings are recognised at cost.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 January 2024 2,334,971 291 2,335,262
As at 31 December 2024 2,334,971 291 2,335,262
Depreciation
As at 1 January 2024 2,279,672 222 2,279,894
Provided during the period 13,938 17 13,955
As at 31 December 2024 2,293,610 239 2,293,849
Net Book Value
As at 31 December 2024 41,361 52 41,413
As at 1 January 2024 55,299 69 55,368
Page 4
Page 5
5. Investment Property
2024
£
Fair Value
As at 1 January 2024 12,695,168
Additions 20,691
Revaluations 1,534,141
As at 31 December 2024 14,250,000
The directors are of the option that the fair value of the investment property property as at 31 December 2024 accords to value shown on the balance sheet, being £14,250,000.  The value is based on an external valuation in 2024.
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 10,136,158 10,115,467
6. Investments
Unlisted
£
Cost
As at 1 January 2024 -
Additions 100
As at 31 December 2024 100
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 100
As at 1 January 2024 -
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 93,733 131,283
Prepayments and accrued income 47,570 56,224
Other debtors 111,543 91
252,846 187,598
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Page 6
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 191,049 215,115
Bank loans and overdrafts 2,219,966 2,219,966
Corporation tax 193,852 54,227
VAT 3,922 10,823
Other creditors 2,823 222,550
Accruals and deferred income 61,366 33,823
2,672,978 2,756,504
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 508,491 928,457
10. Secured Creditors
Of the creditors the following amounts are secured against the assets of the company.
2024 2023
£ £
Bank loans and overdrafts 2,728,457 3,148,422
11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100,000 Ordinary A shares of £ 1.00 each 100,000 100,000
100,000 Ordinary B shares of £ 1.00 each 100,000 100,000
100,000 Ordinary C shares of £ 1.00 each 100,000 100,000
300,000 300,000
12. Reserves
Revaluation Reserve
£
As at 1 January 2024 2,579,701
Transfer from profit and loss 1,485,119
As at 31 December 2024 4,064,820
13. Related Party Transactions
During the year the company had transactions with other companies in which the directors had participating interests. The aggregate amount of these transactions in the year amounted to £514,111 (2023 - £1,343,285). The aggregate amounts outstanding from these companies as at 31 December 2024 amounted to £111,520 (2023 - £384,990). 
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