Acorah Software Products - Accounts Production 16.5.460 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 08083273 N Atrissi J A Cronstedt A L Dawson E Mansourian A Smyth true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08083273 2023-08-31 08083273 2024-08-31 08083273 2023-09-01 2024-08-31 08083273 frs-core:CurrentFinancialInstruments 2024-08-31 08083273 frs-core:ShareCapital 2024-08-31 08083273 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 08083273 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08083273 frs-bus:AbridgedAccounts 2023-09-01 2024-08-31 08083273 frs-bus:SmallEntities 2023-09-01 2024-08-31 08083273 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08083273 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08083273 1 2023-09-01 2024-08-31 08083273 frs-bus:Director1 2023-09-01 2024-08-31 08083273 frs-bus:Director2 2023-09-01 2024-08-31 08083273 frs-bus:Director3 2023-09-01 2024-08-31 08083273 frs-bus:Director4 2023-09-01 2024-08-31 08083273 frs-bus:Director5 2023-09-01 2024-08-31 08083273 frs-countries:EnglandWales 2023-09-01 2024-08-31 08083273 2022-08-31 08083273 2023-08-31 08083273 2022-09-01 2023-08-31 08083273 frs-core:CurrentFinancialInstruments 2023-08-31 08083273 frs-core:ShareCapital 2023-08-31 08083273 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 08083273
Melbourne Hse. Developments Ltd.
ABRIDGED Financial Statements
For The Year Ended 31 August 2024
Brooks Carling Accountants Ltd
Reporting accountants
The Studio, 1 Canons Lane
Burgh Heath
KT20 6DP
Melbourne Hse. Developments Ltd.
Contents
Contents

| Page
--- | ---
Abridged Balance Sheet | 1—2
Notes to the Abridged Financial Statements | 3—4

Page 1
Melbourne Hse. Developments Ltd.
Abridged Balance Sheet
As At 31 August 2024
Abridged Balance Sheet
Registered number: 08083273

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investment Properties | 4 |  | 11,644,338 |  | 10,430,000
|  |  | 11,644,338 |  | 10,430,000
CURRENT ASSETS
Debtors |  | 643,026 |  | 376,806 |
Cash at bank and in hand |  | 146,752 |  | 2,451 |
|  | 789,778 |  | 379,257 |
Creditors: Amounts Falling Due Within One Year |  | (9,923,990 ) |  | (9,405,274 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (9,134,212 ) |  | (9,026,017 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,510,126 |  | 1,403,983
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (646,000 ) |  | (462,000 )
NET ASSETS |  |  | 1,864,126 |  | 941,983
CAPITAL AND RESERVES
Called up share capital | 5 |  | 100 |  | 100
Profit and Loss Account |  |  | 1,864,026 |  | 941,883
SHAREHOLDERS' FUNDS |  |  | 1,864,126 |  | 941,983

Page 1
Page 2
Melbourne Hse. Developments Ltd.
Abridged Balance Sheet (continued)
As At 31 August 2024
For the year ending 31 August 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 August 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board

N Atrissi Director | J A Cronstedt Director
31 August 2025

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Melbourne Hse. Developments Ltd.
Notes to the Abridged Financial Statements
For The Year Ended 31 August 2024
Notes to the Abridged Financial Statements
1. General Information
Melbourne Hse. Developments Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 08083273 . The registered office is 114-118 Southampton Row, London, WC1B 5AA.
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. 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 for the year comprises rental income from the letting of Urban Study Melbourne and is recognised on an accruals basis.
2.4. Investment Properties
Investment property is carried at fair value determined annually by the Directors with reference to an external valuation for the purpose of loan refinancing. Changes in fair value are recognised in the statement of comprehensive income.
2.5. Taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in the statement of comprehensive income, except that a change attributable to an item of income or expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
Deferred balances are recognised in respect of all timing differences that have originated but not reversed by the statement of financial position date, except:
• The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
• Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met
Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
2.6. Judgements in applying accounting policies and key sources of estimation uncertainty
In preparing these financial statements, the directors have had to make the following judgements:
Determine whether there are indicators of impairment of the company’s tangible assets, Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash generating unit, the viability and expected future performance of that unit.
Other key sources of estimation uncertainty:
Valuation of investment property (see note 4)
The Company carries its investment property at fair value, with changes being recognised in statement of comprehensive income. The valuation of the company's investment property was determined by the Directors based on the 13 November 2023 report by an independent valuer and consideration was given to reflect the average occupancy level of the property for the year. The Directors assess the carrying value at each reporting date to ensure that its carrying value is adjusted to fair value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 3
Page 4
Melbourne Hse. Developments Ltd.
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 August 2024
4. Investment Property

| 2024
--- | ---
| £
Fair Value
As at 1 September 2023 | 10,430,000
Revaluations | 1,214,338
As at 31 August 2024 | 11,644,338

5. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Called Up Share Capital not Paid | 100 |  | 100
Amount of Allotted, Called Up Share Capital | 100 |  | 100

6. Ultimate Parent Undertaking and Controlling Party
On 5 June 2025 PandonCo Limited, a company registered in Jersey with company number 158138, aquired the entire issued share capital of the company. No person holds a controlling interest in PandonCo Limited.
7. Audit Information
The auditor's report on the accounts of Melbourne Hse. Developments Ltd. for the year ended 31 August 2024 was unqualified.
The auditor's report was signed by Statutory Auditor.
Page 4