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 04698250 Jonathan Roberts Miss Tricia Thornton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04698250 2024-03-31 04698250 2025-03-31 04698250 2024-04-01 2025-03-31 04698250 frs-core:CurrentFinancialInstruments 2025-03-31 04698250 frs-core:FurnitureFittings 2025-03-31 04698250 frs-core:FurnitureFittings 2024-04-01 2025-03-31 04698250 frs-core:FurnitureFittings 2024-03-31 04698250 frs-core:PlantMachinery 2025-03-31 04698250 frs-core:PlantMachinery 2024-04-01 2025-03-31 04698250 frs-core:PlantMachinery 2024-03-31 04698250 frs-core:ShareCapital 2025-03-31 04698250 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04698250 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04698250 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04698250 frs-bus:SmallEntities 2024-04-01 2025-03-31 04698250 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04698250 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04698250 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-04-01 2025-03-31 04698250 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 04698250 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 04698250 frs-core:ListedExchangeTraded 2025-03-31 04698250 frs-core:ListedExchangeTraded 2024-03-31 04698250 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 04698250 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2025-03-31 04698250 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2025-03-31 04698250 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2025-03-31 04698250 frs-core:CostValuation frs-core:ListedExchangeTraded 2025-03-31 04698250 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 04698250 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2025-03-31 04698250 frs-bus:Director1 2024-04-01 2025-03-31 04698250 frs-bus:Director2 2024-04-01 2025-03-31 04698250 frs-countries:EnglandWales 2024-04-01 2025-03-31 04698250 2023-03-31 04698250 2024-03-31 04698250 2023-04-01 2024-03-31 04698250 frs-core:CurrentFinancialInstruments 2024-03-31 04698250 frs-core:ShareCapital 2024-03-31 04698250 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04698250 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31
Registered number: 04698250
Group 2 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: 04698250
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 425
Investment Properties 5 955,000 955,000
Investments 6 47,070 146,387
1,002,070 1,101,812
CURRENT ASSETS
Debtors 7 2,313 2,700
Cash at bank and in hand 13,535 40,814
15,848 43,514
Creditors: Amounts Falling Due Within One Year 8 (645,000 ) (738,784 )
NET CURRENT ASSETS (LIABILITIES) (629,152 ) (695,270 )
TOTAL ASSETS LESS CURRENT LIABILITIES 372,918 406,542
PROVISIONS FOR LIABILITIES
Deferred Taxation (24,070 ) (26,698 )
NET ASSETS 348,848 379,844
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 87,859 91,428
Profit and Loss Account 260,889 288,316
SHAREHOLDERS' FUNDS 348,848 379,844
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
Jonathan Roberts
Director
26/09/2025
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
Group 2 Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04698250 . The registered office is Springfield Farm, South Lane, Middle Rasen, Market Rasen, LN8 3LG.
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. 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 25%
Fixtures & Fittings 25%
2.3. 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.
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 4,983 5,570 10,553
As at 31 March 2025 4,983 5,570 10,553
Depreciation
As at 1 April 2024 4,558 5,570 10,128
Provided during the period 425 - 425
As at 31 March 2025 4,983 5,570 10,553
Net Book Value
As at 31 March 2025 - - -
As at 1 April 2024 425 - 425
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 955,000
6. Investments
Listed
£
Cost or Valuation
As at 1 April 2024 146,387
Additions 1,561
Disposals (94,681 )
Revaluations (6,197 )
As at 31 March 2025 47,070
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 47,070
As at 1 April 2024 146,387
7. Debtors
2025 2024
£ £
Due within one year
Other debtors 2,313 2,700
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Amounts owed to participating interests 124,776 284,776
Other creditors 519,941 452,630
Taxation and social security 283 1,378
645,000 738,784
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Fair Value Reserve
£
As at 1 April 2024 91,428
Transfer to profit and loss (3,569 )
As at 31 March 2025 87,859
Page 5