Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 1 April 2023 false 1 April 2024 31 May 2025 31 May 2025 14233313 Martin Peters Richard Norris true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14233313 2024-03-31 14233313 2025-05-31 14233313 2024-04-01 2025-05-31 14233313 frs-core:CurrentFinancialInstruments 2025-05-31 14233313 frs-core:ShareCapital 2025-05-31 14233313 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 14233313 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-05-31 14233313 frs-bus:FilletedAccounts 2024-04-01 2025-05-31 14233313 frs-bus:SmallEntities 2024-04-01 2025-05-31 14233313 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-05-31 14233313 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-05-31 14233313 frs-bus:OrdinaryShareClass1 2024-04-01 2025-05-31 14233313 frs-bus:OrdinaryShareClass1 2025-05-31 14233313 frs-bus:PreferenceShareClass1 2024-04-01 2025-05-31 14233313 frs-bus:PreferenceShareClass1 2025-05-31 14233313 1 2024-04-01 2025-05-31 14233313 frs-bus:Director1 2024-04-01 2025-05-31 14233313 frs-bus:Director2 2024-04-01 2025-05-31 14233313 frs-core:CurrentFinancialInstruments 1 2025-05-31 14233313 frs-core:CurrentFinancialInstruments 2 2025-05-31 14233313 frs-countries:EnglandWales 2024-04-01 2025-05-31 14233313 2023-03-31 14233313 2024-03-31 14233313 2023-04-01 2024-03-31 14233313 frs-core:CurrentFinancialInstruments 2024-03-31 14233313 frs-core:ShareCapital 2024-03-31 14233313 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14233313 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 14233313 frs-bus:PreferenceShareClass1 2023-04-01 2024-03-31 14233313 frs-core:CurrentFinancialInstruments 1 2024-03-31 14233313 frs-core:CurrentFinancialInstruments 2 2024-03-31
Registered number: 14233313
Sandgate Property Projects Limited
Unaudited Financial Statements
For the Period 1 April 2024 to 31 May 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14233313
31 May 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Investment (see Note 11) - 3,677,816
- 3,677,816
CURRENT ASSETS
Debtors: amounts falling due within one year 4 10,400 100
10,400 100
Creditors: amounts falling due within one year 5 (10,000 ) (3,672,716 )
NET CURRENT ASSETS (LIABILITIES) 400 (3,672,616 )
TOTAL ASSETS LESS CURRENT LIABILITIES 400 5,200
NET ASSETS 400 5,200
CAPITAL AND RESERVES
Called up share capital 6 10,000 10,000
Profit and Loss Account (9,600 ) (4,800 )
SHAREHOLDERS' FUNDS 400 5,200
Page 1
Page 2
For the period ending 31 May 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.
The Financial Statements were approved by the Directors and authorised for issue on …..................2025 and were signed by
Martin Peters
Director
Richard Norris
Director
22 July 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
Sandgate Property Projects Limited is a private company, limited by shares, incorporated in England and Wales. The Company's registered number and registered office address are noted on the Company Information page (Page 1).
1.1 Compliance
These Unaudited Financial Statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. 
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The Financial Statements have been prepared under the historical cost convention  
The Financial Statements are presented in Sterling, which is the functional currency of the Company
2.2. Turnover
Turnover is measured at the fair value of interest and property income received and receivable net of Value Added tax.
2.3. Financial Instruments
A financial asset or a financial liability is recognised only when the Company becomes a party to the contractual provisions of the instrument
Basic financial instruments are initially recogmised at the transaction price, unless the arrangement constitutes a financing transacytion, where it is recognised at the present value bof the future payments discounted at a market rate vof interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investent is subsequently measueed ar fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal busiuness terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a dedicated hedging relationship.
Financial assets are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually fo impairmrent. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics
Any reversals oif impairment are recogmnised in profit or l;oss immediately, to the extent that the reversal does noit result in a carrying amount of the financial asset that exceeeds the carrying amount would have been had the impairment not previously been recognised. 
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2.4. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income , except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current or past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxible profits. 
Deferred tax is measured using the tax rates and laws that have been enacted or substantively en by the reporting date that are expected to apply to the reversal of the timing difference.acted
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2024: 2)
2 2
4. Debtors: amounts falling due within one year
31 May 2025 31 March 2024
£ £
Due within one year
Sundry debtor 100 100
Mercury Southwark Limited 100 -
Regent Enterprise Limited 10,200 -
10,400 100
5. Creditors: amounts falling due within one year
31 May 2025 31 March 2024
£ £
Regent Enterprises Limited - 3,667,716
Sundry creditor 10,000 5,000
10,000 3,672,716
Page 4
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6. Share Capital
31 May 2025 31 March 2024
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
Preference Shares
31 May 2025 31 March 2024
Allotted, called up and fully paid £ £
9,900 Accumulating Preference Shares of £ 1 each 9,900 9,900
7. Capital Commitments
At 31 May 2025, the Company had no capital commitments contracted for but not provided in the accounts. (2024: £100,000)
8. Related Party Transactions
During the period, the Company entered into secured Loan arrangements on commercial terms with Regent Enterprises Limited, a related company (see Note 6) which were terminated on 7 May 2025.
9. Ultimate Controlling Party
The Company is controlled by Christopher J Shaw.
10. Investments
2025
2024
£
£
At cost
3,677,816
-
Addition
-
6,250,000
Repayment
-3,677,816
image
-2,572,184
image
Investment in Regal Barkwest Limited
-
image
3,677,816
image
The investment at 7 May 2025, immediately before the transfer and Novation, comprised Ordinary Share Capital of £100 (100 ordinary shares of £1 each - 50% of the equity), unsecured loan advances of £4,004,816, and accrued interest of £860,588.
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