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Registered number: 03960915
Grosvenor (Berkshire) Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Lynton Foster
Chartered Certified Accountants and Registered Auditors
33 Nicholas Way
Northwood
HA6 2TR
Contents
Page
Company Information 1
Accountant's Report 2
Statement of Financial Position 3—4
Notes to the Financial Statements 5—8
Page 1
Company Information
Directors James Bloore
Peter Bloore
Company Number 03960915
Registered Office Unit 4 Rockfort Industrial Estate
Hithercroft Road
Wallingford
Oxfordshire
OX10 9DA
Accountants Lynton Foster
Chartered Certified Accountants and Registered Auditors
33 Nicholas Way
Northwood
HA6 2TR
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Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the company for the period ended statement of financial position as at year ended 30 September 2024 as set out in the accounts from Grosvenor (Berkshire) Limited accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.
This report is made solely to the Board of Directors of Grosvenor (Berkshire) Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of the company and state those matters that we have agreed to state to the Board of Directors Grosvenor (Berkshire) Limited , as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants pertaining audit exempt companies. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Grosvenor (Berkshire) Limited and its Board of Directors as a body for our work or for this report. It is the Directors duty to ensure that Grosvenor (Berkshire) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Grosvenor (Berkshire) Limited . You consider that Grosvenor (Berkshire) Limited is exempt from the statutory audit requirement for the year.
Without performing an audit or detailed verification work our procedures consisted of comparing the accounts with the accounting records kept by Grosvenor (Berkshire) Limited , and making such limited enquiries of the officers of Grosvenor (Berkshire) Limited as we considered necessary for the purposes of this report. These procedures provide only the assurance expressed in our opinion.
In our opinion the Accounts are in agreement with the accounting records kept by Grosvenor (Berkshire) Limited Limited under the Companies Act 2006 and generally accepted accounting principles. Having regard only to, and on the basis of, the information contained in those accounting records, the Accounts have been drawn up in a manner consistent with the accounting requirements specified in the Companies Act 2006; and the Financial Reporting Standard 102 Section 1A - Small Entities and the company satisfied the conditions for exemption from an audit of the accounts for the year specified in 476 of the Act and did not at any time within that year, fall within any of the categories of companies not entitled to the exemption.
Signed
28th May 2025
Lynton Foster
Chartered Certified Accountants and Registered Auditors
33 Nicholas Way
Northwood
HA6 2TR
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Page 3
Statement of Financial Position
Registered number: 03960915
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,270 5,893
Investment Properties 5 2,075,000 2,045,000
2,079,270 2,050,893
CURRENT ASSETS
Debtors 6 13,131 12,969
Cash at bank and in hand 3,950 5,152
17,081 18,121
Creditors: Amounts Falling Due Within One Year 7 (525,716 ) (564,258 )
NET CURRENT ASSETS (LIABILITIES) (508,635 ) (546,137 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,570,635 1,504,756
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (240,241 ) (233,147 )
NET ASSETS 1,330,394 1,271,609
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 684,867 662,367
Income Statement 645,427 609,142
SHAREHOLDERS' FUNDS 1,330,394 1,271,609
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For the year ending 30 September 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 Income Statement.
On behalf of the board
James Bloore
Director
28th May 2025
The notes on pages 5 to 8 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Grosvenor (Berkshire) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03960915 . The registered office is Unit 4 Rockfort Industrial Estate, Hithercroft Road, Wallingford, Oxfordshire, OX10 9DA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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:
Furniture, Fixtures & Equipment Five years on cost
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
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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 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
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

2.7. Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2023: 2)
2 2
4. Tangible Assets
Furniture, Fixtures & Equipment
£
Cost or Valuation
As at 1 October 2023 24,068
As at 30 September 2024 24,068
Depreciation
As at 1 October 2023 18,175
Provided during the period 1,623
As at 30 September 2024 19,798
Net Book Value
As at 30 September 2024 4,270
As at 1 October 2023 5,893
5. Investment Property
2024
£
Fair Value
As at 1 October 2023 2,045,000
Revaluations 30,000
As at 30 September 2024 2,075,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,750 10,750
Prepayments and accrued income 2,381 2,219
13,131 12,969
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 12,500 10,947
Other taxes and social security 4,800 8,214
Other creditors 2,612 3,018
Accruals 14,396 14,768
Amounts owed to other participating interests 491,408 527,311
525,716 564,258
8. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances and corporation tax that would arise on the realisation of the company's investment properties based on the values as incorporated in the accounts.
2024 2023
£ £
Other timing differences 240,241 233,147
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Fair Value Reserve
£
As at 1 October 2023 662,367
Transfer to profit and loss 22,500
As at 30 September 2024 684,867
11. Related Party Transactions
At the Balance Sheet date the company owed £445,000 (2023 - £445,000) to the PGB Retirement Benefits Scheme for which the Directors of the company are trustees of the scheme. 
The company's properties are occupied by Raceparts (UK) Limited at an annual rental of £60,000. Raceparts (UK) Limited is an entity controlled by the company's Director, JP Bloore. 
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