Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 05433467 Mr Steven Brooks Mr Simon Hosking true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05433467 2023-12-31 05433467 2024-12-31 05433467 2024-01-01 2024-12-31 05433467 frs-core:CurrentFinancialInstruments 2024-12-31 05433467 frs-core:Non-currentFinancialInstruments 2024-12-31 05433467 frs-core:ShareCapital 2024-12-31 05433467 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05433467 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05433467 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05433467 frs-bus:SmallEntities 2024-01-01 2024-12-31 05433467 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05433467 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05433467 1 2024-01-01 2024-12-31 05433467 frs-bus:Director1 2024-01-01 2024-12-31 05433467 frs-bus:Director2 2024-01-01 2024-12-31 05433467 frs-countries:EnglandWales 2024-01-01 2024-12-31 05433467 2022-12-31 05433467 2023-12-31 05433467 2023-01-01 2023-12-31 05433467 frs-core:CurrentFinancialInstruments 2023-12-31 05433467 frs-core:Non-currentFinancialInstruments 2023-12-31 05433467 frs-core:ShareCapital 2023-12-31 05433467 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 05433467
St Albans (Maltings 4) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Back Office Support Solutions Ltd
Unit 326 Canalot Studios
222 Kensal Road
London
W10 5BN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05433467
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 58,500,000 51,088,550
58,500,000 51,088,550
CURRENT ASSETS
Debtors 5 852,162 745,466
Cash at bank and in hand 2,419,560 2,187,771
3,271,722 2,933,237
Creditors: Amounts Falling Due Within One Year 6 (35,414,501 ) (2,174,745 )
NET CURRENT ASSETS (LIABILITIES) (32,142,779 ) 758,492
TOTAL ASSETS LESS CURRENT LIABILITIES 26,357,221 51,847,042
Creditors: Amounts Falling Due After More Than One Year 7 (9,151,433 ) (42,875,000 )
NET ASSETS 17,205,788 8,972,042
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account 17,205,787 8,972,041
SHAREHOLDERS' FUNDS 17,205,788 8,972,042
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 Simon Hosking
Director
8th April 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
St Albans (Maltings 4) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05433467 . The registered office is 117 George Street, London, W1H 7HF.
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 represents amounts derived from the provision of rent, service charge and other services which fall within the company's ordinary activities stated net of value added tax.
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. Financial Instruments
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
3. Average Number of Employees
Average number of employees during the year was: NIL NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 January 2024 51,088,550
Additions 441,759
Revaluations 6,969,691
As at 31 December 2024 58,500,000
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 687,474 588,069
Other debtors 164,688 157,397
852,162 745,466
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Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 266,396 414,569
Bank loans and overdrafts 33,000,000 -
Other creditors 1,929,674 1,643,254
Taxation and social security 218,431 116,922
35,414,501 2,174,745
Bank borrowings
Including within the creditors falling due within one year is the Schroders Capital Real Estate Securitisation SA loan with a fixed rate of 5.8% per annum.
The carrying amount at the year end is £33,000,000.
The loan was secured by a fixed and floating charge over the assets of the company. It is also secured by a negative pledge.
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 306,433 33,000,000
Other creditors 8,845,000 9,875,000
9,151,433 42,875,000
8. Related Party Transactions
Summary of transactions with associates
Boultbee LDN Capital Limited
Included within operating charges is £455,357 (2023: £435,405) payable to Boultbee LDN Capital Limited, a company in which one of the directors has an interest.
Also included within the cash and bank is £528,606 (2023: £648,748 ) that has been collected from debtors by Boultbee LDN Capital Limited and held on the company's behalf.
At the year end there was an outstanding balance to Boultbee LDN Capital Limited of £19,997 (2023: £17,305) which is included in trade creditors.
Boultbee LDN Investments Limited
Included within creditors falling due after more than one year is the loan from Boultbee LDN Investments Limited for £8,845,000 (2023: £9,875,000) with a fixed rate of 20% per annum. 
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate parent is Boultbee LDN Investment Limited, incorporated in England and Wales.

The ultimate parent is S B Squared Holding Limited, incorporated in England and Wales.

The ultimate controlling party is Mr S Brooks.
10. Audit Information
The auditor's report on the accounts of St Albans (Maltings 4) Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Statutory Auditor.
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