Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 12277146 Ms Grace Pilsbury iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12277146 2023-10-31 12277146 2024-10-31 12277146 2023-11-01 2024-10-31 12277146 frs-core:Non-currentFinancialInstruments 2024-10-31 12277146 frs-core:ShareCapital 2024-10-31 12277146 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 12277146 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12277146 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 12277146 frs-bus:SmallEntities 2023-11-01 2024-10-31 12277146 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12277146 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12277146 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-11-01 2024-10-31 12277146 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 12277146 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-10-31 12277146 frs-bus:Director1 2023-11-01 2024-10-31 12277146 frs-countries:EnglandWales 2023-11-01 2024-10-31 12277146 2022-10-31 12277146 2023-10-31 12277146 2022-11-01 2023-10-31 12277146 frs-core:Non-currentFinancialInstruments 2023-10-31 12277146 frs-core:ShareCapital 2023-10-31 12277146 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12277146 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31
Registered number: 12277146
Grace Amelia Properties Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12277146
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 501,960 389,538
501,960 389,538
CURRENT ASSETS
Debtors 5 223 544
Cash at bank and in hand 6,860 4,783
7,083 5,327
Creditors: Amounts Falling Due Within One Year 6 (121,721 ) (115,721 )
NET CURRENT ASSETS (LIABILITIES) (114,638 ) (110,394 )
TOTAL ASSETS LESS CURRENT LIABILITIES 387,322 279,144
Creditors: Amounts Falling Due After More Than One Year 7 (342,161 ) (242,161 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,012 ) (5,830 )
NET ASSETS 36,149 31,153
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 38,422 33,423
Profit and Loss Account (2,373 ) (2,370 )
SHAREHOLDERS' FUNDS 36,149 31,153
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Ms Grace Pilsbury
Director
6 June 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Grace Amelia Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12277146 . The registered office is C/O Clear Accountancy E-Innovation Centre, Priorslee, Telford, TF2 9FT.

The financial statements are presented in pound sterling (£) and rounded to the nearest whole £.
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 comprises rent receivable from the companies investment properties.
2.3. 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 profit and loss account.
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 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.
3. Average Number of Employees
Average number of employees, including directors, employed under PAYE during the year was: NIL (2023: NIL)
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Page 4
4. Investment Property
2024
£
Fair Value
As at 1 November 2023 389,538
Additions 104,242
Revaluations 8,180
As at 31 October 2024 501,960
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 454,526 350,285
Accumulated depreciation and impairment 30,314 21,224
Carrying amount 424,212 329,061
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 223 544
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 121,721 115,721
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 242,161 242,161
Other loans 100,000 -
342,161 242,161
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 242,161 242,161
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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Page 5
10. Reserves
Fair Value Reserve
£
As at 1 November 2023 33,423
Transfer to profit and loss 4,999
As at 31 October 2024 38,422
Page 5