Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 12508259 Mrs Sareena Siera Mr Hardeep Siera iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12508259 2024-03-31 12508259 2025-03-31 12508259 2024-04-01 2025-03-31 12508259 frs-core:CurrentFinancialInstruments 2025-03-31 12508259 frs-core:Non-currentFinancialInstruments 2025-03-31 12508259 frs-core:FurnitureFittings 2024-04-01 2025-03-31 12508259 frs-core:RevaluationReserve 2024-04-01 2025-03-31 12508259 frs-core:RevaluationReserve 2025-03-31 12508259 frs-core:ShareCapital 2025-03-31 12508259 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 12508259 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12508259 frs-bus:AbridgedAccounts 2024-04-01 2025-03-31 12508259 frs-bus:SmallEntities 2024-04-01 2025-03-31 12508259 frs-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 12508259 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 12508259 frs-bus:Director1 2024-04-01 2025-03-31 12508259 frs-bus:Director2 2024-04-01 2025-03-31 12508259 frs-countries:EnglandWales 2024-04-01 2025-03-31 12508259 2023-03-31 12508259 2024-03-31 12508259 2023-04-01 2024-03-31 12508259 frs-core:CurrentFinancialInstruments 2024-03-31 12508259 frs-core:Non-currentFinancialInstruments 2024-03-31 12508259 frs-core:RevaluationReserve 2024-03-31 12508259 frs-core:ShareCapital 2024-03-31 12508259 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 12508259
Property Acc. Ltd
ABRIDGED Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Accountant's Report 1
Abridged Balance Sheet 2—3
Notes to the Abridged Financial Statements 4—5
Page 1
Accountant's Report
In accordance with the engagement letter dated 11 June 2025, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 March 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
12/06/2025
Klair Management Consultants Ltd
132-134 Great Ancoats Street
Manchester
M4 6DE
Page 1
Page 2
Abridged Balance Sheet
Registered number: 12508259
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,543 1,111
Investment Properties 5 1,105,000 353,914
1,114,543 355,025
CURRENT ASSETS
Debtors 725 725
Cash at bank and in hand 11,899 8,880
12,624 9,605
Creditors: Amounts Falling Due Within One Year (326,443 ) (154,301 )
NET CURRENT ASSETS (LIABILITIES) (313,819 ) (144,696 )
TOTAL ASSETS LESS CURRENT LIABILITIES 800,724 210,329
Creditors: Amounts Falling Due After More Than One Year (498,029 ) (207,423 )
NET ASSETS 302,695 2,906
CAPITAL AND RESERVES
Called up share capital 6 100 100
Revaluation reserve 7 290,826 -
Profit and Loss Account 11,769 2,806
SHAREHOLDERS' FUNDS 302,695 2,906
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For the year ending 31 March 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Hardeep Siera
Director
12/06/2025
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Abridged Financial Statements
1. General Information
Property Acc. Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12508259 . The registered office is 114 PERTH ROAD, ILFORD, ESSEX, IG2 6AS.
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. 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 25
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 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 1 (2024: 1)
1 1
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4. Tangible Assets
Total
£
Cost or Valuation
As at 1 April 2024 1,481
Additions 11,613
As at 31 March 2025 13,094
Depreciation
As at 1 April 2024 370
Provided during the period 3,181
As at 31 March 2025 3,551
Net Book Value
As at 31 March 2025 9,543
As at 1 April 2024 1,111
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 353,914
Additions 460,260
Revaluations 290,826
As at 31 March 2025 1,105,000
6. Share Capital
2025 2024
£ £
Called Up Share Capital not Paid 100 100
Amount of Allotted, Called Up Share Capital 100 100
7. Reserves
Revaluation Reserve
£
Surplus on revaluation 290,826
As at 31 March 2025 290,826
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