Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 4631799 Mr Richard Goodman Mrs Lori Richardson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 4631799 2024-03-31 4631799 2025-03-31 4631799 2024-04-01 2025-03-31 4631799 frs-core:CurrentFinancialInstruments 2025-03-31 4631799 frs-core:ComputerEquipment 2025-03-31 4631799 frs-core:ComputerEquipment 2024-04-01 2025-03-31 4631799 frs-core:ComputerEquipment 2024-03-31 4631799 frs-core:FurnitureFittings 2025-03-31 4631799 frs-core:FurnitureFittings 2024-04-01 2025-03-31 4631799 frs-core:FurnitureFittings 2024-03-31 4631799 frs-core:InvestmentPropertyIncludedWithinPPE 2025-03-31 4631799 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-01 2025-03-31 4631799 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 4631799 frs-core:ShareCapital 2025-03-31 4631799 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 4631799 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 4631799 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 4631799 frs-bus:SmallEntities 2024-04-01 2025-03-31 4631799 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 4631799 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 4631799 frs-bus:Director1 2024-04-01 2025-03-31 4631799 frs-bus:Director2 2024-04-01 2025-03-31 4631799 frs-countries:EnglandWales 2024-04-01 2025-03-31 4631799 2023-03-31 4631799 2024-03-31 4631799 2023-04-01 2024-03-31 4631799 frs-core:CurrentFinancialInstruments 2024-03-31 4631799 frs-core:ShareCapital 2024-03-31 4631799 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 4631799
Butterstile Properties Limited
Unaudited 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: 4631799
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 625,588 626,084
625,588 626,084
CURRENT ASSETS
Debtors 5 12,047 16,807
Cash at bank and in hand 1,311,120 1,233,904
1,323,167 1,250,711
Creditors: Amounts Falling Due Within One Year 6 (42,337 ) (55,200 )
NET CURRENT ASSETS (LIABILITIES) 1,280,830 1,195,511
TOTAL ASSETS LESS CURRENT LIABILITIES 1,906,418 1,821,595
PROVISIONS FOR LIABILITIES
Deferred Taxation (26,784 ) (26,907 )
NET ASSETS 1,879,634 1,794,688
CAPITAL AND RESERVES
Called up share capital 2 2
Profit and Loss Account 1,879,632 1,794,686
SHAREHOLDERS' FUNDS 1,879,634 1,794,688
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
Mr Richard Goodman
Director
24 August 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
Butterstile Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 4631799 . The registered office is 185 Butterstile Lane, Prestwich, Manchester, M25 9UL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared:
In accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006;
Under the historical cost convention, as modified by the revaluation of certain assets; and
In sterling, which is the functional currency of the entity.
2.2. Turnover
Turnover represents total rental income and other sundry receipts due for the year.
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:
Fixtures, fittings and equipment straight line - 5 years
Loose furniture and chattels straight line - 5 years
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
The 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 reflects 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 or deferred 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
The company's directors opted not to receive any emoluments.
Average number of employees, including directors, during the year was as follows: 2 (2024: 1)
2 1
Page 3
Page 4
4. Tangible Assets
Investment Properties Fixtures, fittings and equipment Loose furniture and chattels Total
£ £ £ £
Cost or Valuation
As at 1 April 2024 623,000 14,722 7,708 645,430
Disposals - (393 ) - (393 )
As at 31 March 2025 623,000 14,329 7,708 645,037
Depreciation
As at 1 April 2024 - 12,406 6,940 19,346
Provided during the period - 456 - 456
Disposals - (353 ) - (353 )
As at 31 March 2025 - 12,509 6,940 19,449
Net Book Value
As at 31 March 2025 623,000 1,820 768 625,588
As at 1 April 2024 623,000 2,316 768 626,084
Cost or valuation as at 31 March 2025 represented by:
Investment Properties Fixtures, fittings and equipment Loose furniture and chattels Total
£ £ £ £
At cost - 14,329 7,708 22,037
At valuation 623,000 - - 623,000
623,000 14,329 7,708 645,037
The valuations of investment properties were made as at 31 March 2025 by the director.
On a historical cost basis, investment properties would have been included at their original cost of £452,119 (2024 - £452,119).
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 5,289 6,731
Other debtors 6,758 10,076
12,047 16,807
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,602 1,700
Corporation tax 31,675 44,306
Social security and other taxes 4,578 3,967
Other creditors 4,482 5,227
42,337 55,200
Other creditors include sums due to the director amounting to £829 (2024 - £530). No interest has been charged to the company and said sums are repayable on demand.
7. Reserves
The profit and loss account which records retained earnings and accumulated losses includes £144,486 of non-distributable reserves (2024 - £144,486).
Page 5