Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11432029 Ms Sharon Oh Mr Ashley Waters iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11432029 2023-12-31 11432029 2024-12-31 11432029 2024-01-01 2024-12-31 11432029 frs-core:CurrentFinancialInstruments 2024-12-31 11432029 frs-core:Non-currentFinancialInstruments 2024-12-31 11432029 frs-core:BetweenOneFiveYears 2024-12-31 11432029 frs-core:InvestmentPropertyIncludedWithinPPE 2024-12-31 11432029 frs-core:InvestmentPropertyIncludedWithinPPE 2024-01-01 2024-12-31 11432029 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 11432029 frs-core:MotorVehicles 2024-12-31 11432029 frs-core:MotorVehicles 2024-01-01 2024-12-31 11432029 frs-core:MotorVehicles 2023-12-31 11432029 frs-core:PlantMachinery 2024-12-31 11432029 frs-core:PlantMachinery 2024-01-01 2024-12-31 11432029 frs-core:PlantMachinery 2023-12-31 11432029 frs-core:WithinOneYear 2024-12-31 11432029 frs-core:RevaluationReserve 2024-01-01 2024-12-31 11432029 frs-core:RevaluationReserve 2023-12-31 11432029 frs-core:RevaluationReserve 2024-12-31 11432029 frs-core:ShareCapital 2024-12-31 11432029 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11432029 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11432029 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11432029 frs-bus:SmallEntities 2024-01-01 2024-12-31 11432029 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11432029 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11432029 frs-bus:Director1 2024-01-01 2024-12-31 11432029 frs-bus:Director2 2024-01-01 2024-12-31 11432029 frs-core:Non-currentFinancialInstruments 1 2024-12-31 11432029 frs-countries:EnglandWales 2024-01-01 2024-12-31 11432029 2022-12-31 11432029 2023-12-31 11432029 2023-01-01 2023-12-31 11432029 frs-core:CurrentFinancialInstruments 2023-12-31 11432029 frs-core:Non-currentFinancialInstruments 2023-12-31 11432029 frs-core:BetweenOneFiveYears 2023-12-31 11432029 frs-core:WithinOneYear 2023-12-31 11432029 frs-core:RevaluationReserve 2023-12-31 11432029 frs-core:ShareCapital 2023-12-31 11432029 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11432029 frs-core:Non-currentFinancialInstruments 1 2023-12-31
Registered number: 11432029
A&S Property Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Property Accounts Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11432029
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 997,459 914,563
997,459 914,563
CURRENT ASSETS
Debtors 5 23,595 20,550
Cash at bank and in hand 6,284 6,885
29,879 27,435
Creditors: Amounts Falling Due Within One Year 6 (55,299 ) (87,891 )
NET CURRENT ASSETS (LIABILITIES) (25,420 ) (60,456 )
TOTAL ASSETS LESS CURRENT LIABILITIES 972,039 854,107
Creditors: Amounts Falling Due After More Than One Year 7 (724,510 ) (721,561 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (61,979 ) (32,085 )
NET ASSETS 185,550 100,461
CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 198,597 138,491
Profit and Loss Account (13,048 ) (38,031 )
SHAREHOLDERS' FUNDS 185,550 100,461
Page 1
Page 2
For the year ending 31 December 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.
On behalf of the board
Ms Sharon Oh
Director
12/09/2025
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
A&S Property Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11432029 . 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. 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:
Plant & Machinery 20% Straight Line
Motor Vehicles 20% Reducing Balance
2.4. 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.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Taxation
Income 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 reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Investment Properties Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost or Valuation
As at 1 January 2024 880,000 1,643 42,350 923,993
Revaluation 90,000 - - 90,000
As at 31 December 2024 970,000 1,643 42,350 1,013,993
Depreciation
As at 1 January 2024 - 960 8,470 9,430
Provided during the period - 328 6,776 7,104
As at 31 December 2024 - 1,288 15,246 16,534
Net Book Value
As at 31 December 2024 970,000 355 27,104 997,459
As at 1 January 2024 880,000 683 33,880 914,563
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 5,345 -
Amounts owed by associates 18,250 20,550
23,595 20,550
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,549 6,935
Trade creditors 575 -
Bank loans and overdrafts 5,333 21,120
Other creditors 8,496 11,803
Accruals and deferred income - 3,228
Directors' loan accounts 8,043 16,502
Amounts owed to related parties 28,303 28,303
55,299 87,891
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Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 26,841 29,514
Bank loans 24,000 13,378
Other creditors 10,000 15,000
Mortgages 663,669 663,669
724,510 721,561
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,549 6,935
Later than one year and not later than five years 26,841 29,514
31,390 36,449
31,390 36,449
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Reserves
Revaluation Reserve
£
As at 1 January 2024 138,491
Surplus on revaluation 60,106
As at 31 December 2024 198,597
11. Related Party Transactions
Related party transactions include (to)/from: 
£(28,303) (2023: £(28,303)) owed to Techie Relocation Support Limited, a company of which Sharon Oh is a shareholder.
£18,250 (2023: £20,550) owed from A&S Property Development 214 Limited, a company which has common shareholders.
Page 5