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Registered number: 08414132
Dealmead Properties Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
WAC (Whale & Company) Limited
Chartered Accountants & Business Advisors
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08414132
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 540,000 540,000
540,000 540,000
CURRENT ASSETS
Debtors 5 3,895 4,799
Cash at bank and in hand 5,126 4,727
9,021 9,526
Creditors: Amounts Falling Due Within One Year 6 (44,138 ) (46,424 )
NET CURRENT ASSETS (LIABILITIES) (35,117 ) (36,898 )
TOTAL ASSETS LESS CURRENT LIABILITIES 504,883 503,102
Creditors: Amounts Falling Due After More Than One Year 7 (278,595 ) (297,734 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (20,985 ) (20,985 )
NET ASSETS 205,303 184,383
CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 12 91,665 91,665
Profit and Loss Account 113,538 92,618
SHAREHOLDERS' FUNDS 205,303 184,383
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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
Mrs L Haywood
Director
4th August 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Dealmead Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08414132 . The registered office is The Barn, Holly Berry House, Rough Park, Hamstall Ridware, Staffordshire, WS15 3SQ. The princpal place of business is Beech Knoll, Burton Road, Midway, Swadlincote, Derbyshire, DE11 0DP.
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.  The financial statements are presented in pounds sterling, rounded to the nearest pound.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover comprises the fair value of the consideration received or receivable from rental income and ancillary services in the ordinary course of the company's activities. The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
2.4. 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:
Computer Equipment equally over 5 years
2.5. Investment Properties
Investment properties are included in the statement of financial position at fair value having regard to any accumulated impairment losses. Changes in fair value are recognised in the profit and loss account.
2.6. Financial Instruments
Classification
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilties such as trade and other debtors and creditors and loans from banks.
Recognition and measurement
With the exception of investment property financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost. Investment property is initially measured at transaction price and subsequently at fair value.
Impairment
Financial assets that are measured at cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.
2.7. Taxation
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date. The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
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2.8. Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
2.9. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. 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.
2.10. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
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 Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 March 2024 540,000 378 540,378
Disposals - (378 ) (378 )
As at 28 February 2025 540,000 - 540,000
Depreciation
As at 1 March 2024 - 378 378
Disposals - (378 ) (378 )
As at 28 February 2025 - - -
Net Book Value
As at 28 February 2025 540,000 - 540,000
As at 1 March 2024 540,000 - 540,000
The fair value attributed to investment properties at the end of the financial year was made on an open market basis by the director, Mr T B Haywood. He has drawn on his long experience in the property market both as a property owner and builder in assessing the current state of the market in the locaility where the properties are owned.  There has not been any valuation by an independent third party.
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 3,895 4,799
Included within debtors are prepaid expenses totalling £2,909 that will not be expensed for more than one year. (2024 - £3,814)
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 19,142 18,052
Other loans 16,250 20,320
Other creditors 3,550 3,502
Taxation and social security 5,196 4,550
44,138 46,424
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 107,595 126,734
Other loans 171,000 171,000
278,595 297,734
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2025 2024
£ £
Bank loans 18,995 43,088
Other Creditors 171,000 171,000
8. Secured Creditors
The following amounts of creditors are secured on the investment property.   Interest is charged at 5.77% per annum and the final instalment is due on 26 November 2030.
2025 2024
£ £
Bank loans and overdrafts 126,737 144,786
9. Deferred Taxation
The current fair value of the properties owned by the company are greater than the indexed linked values at 31 December 2017 resulting in a provision of £20,985 in respect of taxation deferred as a result.  
2025 2024
£ £
Revaluation of investment properties 20,985 20,985
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Financial Instruments
Financial assets (investment properties) measured at fair value through profit or loss are included in these financial statements at £540,000 (2024 - £540,000).
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12. Reserves
Fair Value Reserve
£
As at 1 March 2024 91,665
As at 28 February 2025 91,665
13. Related Party Transactions
The directors have charged, on a joint basis, interest on monies advanced to the company at the same rate as is being paid on monies borrowed from the bank. the amount charged in these financial statements was £11,144 (2024 - £11,368)
£171,000 of the loan is not due to be repaid before 26 November 2030. Interest is chargeable at 5.77%, being the same rate as charged by the bank on the monies it has advanced.
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