Acorah Software Products - Accounts Production 16.3.350 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 12473492 Mr Alexander Demianenko Dr Caitlin Zipp iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12473492 2024-02-29 12473492 2025-02-28 12473492 2024-03-01 2025-02-28 12473492 frs-core:CurrentFinancialInstruments 2025-02-28 12473492 frs-core:Non-currentFinancialInstruments 2025-02-28 12473492 frs-core:InvestmentPropertyIncludedWithinPPE 2025-02-28 12473492 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-01 2025-02-28 12473492 frs-core:InvestmentPropertyIncludedWithinPPE 2024-02-29 12473492 frs-core:RevaluationReserve 2024-03-01 2025-02-28 12473492 frs-core:RevaluationReserve 2024-02-29 12473492 frs-core:RevaluationReserve 2025-02-28 12473492 frs-core:ShareCapital 2025-02-28 12473492 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 12473492 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 12473492 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 12473492 frs-bus:SmallEntities 2024-03-01 2025-02-28 12473492 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 12473492 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 12473492 frs-bus:Director1 2024-03-01 2025-02-28 12473492 frs-bus:Director2 2024-03-01 2025-02-28 12473492 frs-core:CurrentFinancialInstruments 1 2025-02-28 12473492 frs-countries:EnglandWales 2024-03-01 2025-02-28 12473492 2023-02-28 12473492 2024-02-29 12473492 2023-03-01 2024-02-29 12473492 frs-core:CurrentFinancialInstruments 2024-02-29 12473492 frs-core:Non-currentFinancialInstruments 2024-02-29 12473492 frs-core:RevaluationReserve 2024-02-29 12473492 frs-core:ShareCapital 2024-02-29 12473492 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 12473492 frs-core:CurrentFinancialInstruments 1 2024-02-29
Registered number: 12473492
Grey Seal Properties Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Property Accounts Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12473492
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,119 149,215
14,119 149,215
CURRENT ASSETS
Debtors 5 5,985 2,324
Cash at bank and in hand 91,080 4,108
97,065 6,432
Creditors: Amounts Falling Due Within One Year 6 (83,273 ) (87,418 )
NET CURRENT ASSETS (LIABILITIES) 13,792 (80,986 )
TOTAL ASSETS LESS CURRENT LIABILITIES 27,911 68,229
Creditors: Amounts Falling Due After More Than One Year 7 - (29,126 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (7,496 )
NET ASSETS 27,911 31,607
CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 - 31,959
Profit and Loss Account 27,909 (354 )
SHAREHOLDERS' FUNDS 27,911 31,607
Page 1
Page 2
For the year ending 28 February 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
Mr Alexander Demianenko
Director
25/07/2025
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
Grey Seal Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12473492 . The registered office is c/o Property Accounts Limited, 59 Castle Street, Reading, RG1 7SN.
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 recognised as rental income received.
2.3. Investment Properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The fair value of the investment property has been arrived at by the directors best estimate. 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 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.
Current 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, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Investment Properties
£
Cost
As at 1 March 2024 149,215
Disposals (135,096 )
As at 28 February 2025 14,119
Net Book Value
As at 28 February 2025 14,119
As at 1 March 2024 149,215
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 721 2,060
Amounts owed by associates 5,264 264
5,985 2,324
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 633 5,789
Bridging loan 50,335 48,447
Directors' loan accounts 32,305 33,182
83,273 87,418
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors - 29,126
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
9. Reserves
Revaluation Reserve
£
As at 1 March 2024 31,959
Transfer to profit and loss (31,959 )
As at 28 February 2025 -
10. Related Party Transactions
Related party transactions include (to)/from:  
£5,264 (2024: £264) owed from DUV Properties Limited in which Alexander Demianenko is a shareholder.
Page 4