Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 04636169 A Malhotra S Malhotra S Malhotra iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04636169 2024-03-31 04636169 2025-03-31 04636169 2024-04-01 2025-03-31 04636169 frs-core:CurrentFinancialInstruments 2025-03-31 04636169 frs-core:Non-currentFinancialInstruments 2025-03-31 04636169 frs-core:ComputerEquipment 2024-04-01 2025-03-31 04636169 frs-core:FurnitureFittings 2024-04-01 2025-03-31 04636169 frs-core:InvestmentPropertyIncludedWithinPPE 2025-03-31 04636169 frs-core:MotorVehicles 2025-03-31 04636169 frs-core:MotorVehicles 2024-04-01 2025-03-31 04636169 frs-core:MotorVehicles 2024-03-31 04636169 frs-core:SharePremium 2025-03-31 04636169 frs-core:ShareCapital 2025-03-31 04636169 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04636169 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04636169 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04636169 frs-bus:SmallEntities 2024-04-01 2025-03-31 04636169 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04636169 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04636169 frs-bus:Director1 2024-04-01 2025-03-31 04636169 frs-bus:Director1 2024-03-31 04636169 frs-bus:Director1 2025-03-31 04636169 frs-bus:Director2 2024-04-01 2025-03-31 04636169 frs-bus:Director2 2024-03-31 04636169 frs-bus:Director2 2025-03-31 04636169 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 04636169 frs-countries:EnglandWales 2024-04-01 2025-03-31 04636169 2023-03-31 04636169 2024-03-31 04636169 2023-04-01 2024-03-31 04636169 frs-core:CurrentFinancialInstruments 2024-03-31 04636169 frs-core:Non-currentFinancialInstruments 2024-03-31 04636169 frs-core:SharePremium 2024-03-31 04636169 frs-core:ShareCapital 2024-03-31 04636169 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 04636169
A & S PROPERTIES (UK) LIMITED
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04636169
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 89,887 49,750
Investment Properties 5 9,867,848 8,641,061
9,957,735 8,690,811
CURRENT ASSETS
Debtors 6 2,830,709 2,540,528
Cash at bank and in hand 247,507 112,073
3,078,216 2,652,601
Creditors: Amounts Falling Due Within One Year 7 (230,835 ) (157,967 )
NET CURRENT ASSETS (LIABILITIES) 2,847,381 2,494,634
TOTAL ASSETS LESS CURRENT LIABILITIES 12,805,116 11,185,445
Creditors: Amounts Falling Due After More Than One Year 8 (5,366,422 ) (5,956,429 )
NET ASSETS 7,438,694 5,229,016
CAPITAL AND RESERVES
Called up share capital 9 10,002 10,002
Share premium account 4,983,050 4,983,050
Profit and Loss Account 2,445,642 235,964
SHAREHOLDERS' FUNDS 7,438,694 5,229,016
Page 1
Page 2
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.
On behalf of the board
A Malhotra
Director
S Malhotra
Director
18/06/2025
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
A & S PROPERTIES (UK) LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 04636169 . The registered office is 808 Green Lane, Dagenham, Essex, RM8 1YT.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and services, rental income from owned properties and interest income from money lending business. 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:
Motor Vehicles 30% per annum on reducing balance basis
Fixtures & Fittings 25% per annum on reducing balance basis
Computer Equipment 25% per annum on reducing balance basis
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 profit and loss account.
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 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 2)
3 2
4. Tangible Assets
Motor Vehicles
£
Cost or Valuation
As at 1 April 2024 49,750
Additions 93,585
As at 31 March 2025 143,335
Depreciation
As at 1 April 2024 -
Provided during the period 53,448
As at 31 March 2025 53,448
Net Book Value
As at 31 March 2025 89,887
As at 1 April 2024 49,750
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 9,073,497
Disposals (826,321 )
Revaluations 2,004,271
Depreciation and impairment (383,599 )
As at 31 March 2025 9,867,848
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 8,247,176 9,073,497
Accumulated depreciation and impairment 383,599 432,436
Carrying amount 7,863,577 8,641,061
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 2,438,455 2,009,730
Other debtors 392,254 530,798
2,830,709 2,540,528
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1 -
Other creditors 179,907 72,170
Taxation and social security 50,927 85,797
230,835 157,967
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 5,366,422 5,956,429
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10,002 10,002
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
A Malhotra 200,104 - 75,357 - 124,747
S Malhotra 200,104 - 75,357 - 124,747
The above loan is unsecured and repayable on demand. Interest at 2.25% per annum is payable to the company.
Page 5