Acorah Software Products - Accounts Production 16.5.460 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 13801762 Dr L J Kingsnorth Dr L J Kingsnorth true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13801762 2024-05-31 13801762 2025-05-31 13801762 2024-06-01 2025-05-31 13801762 frs-core:CurrentFinancialInstruments 2025-05-31 13801762 frs-core:FurnitureFittings 2025-05-31 13801762 frs-core:FurnitureFittings 2024-06-01 2025-05-31 13801762 frs-core:FurnitureFittings 2024-05-31 13801762 frs-core:PlantMachinery 2025-05-31 13801762 frs-core:PlantMachinery 2024-06-01 2025-05-31 13801762 frs-core:PlantMachinery 2024-05-31 13801762 frs-core:ShareCapital 2025-05-31 13801762 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 13801762 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 13801762 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 13801762 frs-bus:SmallEntities 2024-06-01 2025-05-31 13801762 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 13801762 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 13801762 1 2024-06-01 2025-05-31 13801762 frs-bus:Director1 2024-06-01 2025-05-31 13801762 frs-bus:CompanySecretary1 2024-06-01 2025-05-31 13801762 frs-core:CurrentFinancialInstruments 9 2025-05-31 13801762 frs-countries:EnglandWales 2024-06-01 2025-05-31 13801762 2023-05-31 13801762 2024-05-31 13801762 2023-06-01 2024-05-31 13801762 frs-core:CurrentFinancialInstruments 2024-05-31 13801762 frs-core:ShareCapital 2024-05-31 13801762 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 13801762 frs-core:CurrentFinancialInstruments 9 2024-05-31
Registered number: 13801762
Property SE Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13801762
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,942 5,255
Investment Properties 5 1,325,750 1,053,645
1,329,692 1,058,900
CURRENT ASSETS
Debtors 6 41,381 1,305
Cash at bank and in hand 8,869 8,977
50,250 10,282
Creditors: Amounts Falling Due Within One Year 7 (1,357,601 ) (1,065,567 )
NET CURRENT ASSETS (LIABILITIES) (1,307,351 ) (1,055,285 )
TOTAL ASSETS LESS CURRENT LIABILITIES 22,341 3,615
PROVISIONS FOR LIABILITIES
Deferred Taxation (985 ) (1,314 )
NET ASSETS 21,356 2,301
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 21,256 2,201
SHAREHOLDERS' FUNDS 21,356 2,301
Page 1
Page 2
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Dr L J Kingsnorth
Director
07/10/2025
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
Property SE Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13801762 . The registered office is 5 Cornfield Terrace, Eastbourne, BN21 4NN.
The presentation currency of the financial statements is the Pound Sterling (£).  
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and 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.
2.2. Significant judgements and estimations
No significant judgements have had to be made by the directors in preparing these financial statements.
The directors have made key assumptions in the determination of the value of accruals and the fair value of investment properties.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
2.5. 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.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 June 2024 1,061 7,209 8,270
As at 31 May 2025 1,061 7,209 8,270
Depreciation
As at 1 June 2024 539 2,476 3,015
Provided during the period 130 1,183 1,313
As at 31 May 2025 669 3,659 4,328
Net Book Value
As at 31 May 2025 392 3,550 3,942
As at 1 June 2024 522 4,733 5,255
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Page 5
5. Investment Property
2025
£
Fair Value
As at 1 June 2024 1,053,645
Additions 272,105
Revaluations -
As at 31 May 2025 1,325,750
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 1,325,750 1,053,645
The investment properties were revalued at the year end on a fair value basis by the director.
The additions to investment properties in the year includes accrued works of £116,000 to a property which was unsold at the year end. At the reporting date a final invoice had not been recieved from the contractor.
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,030 1,000
Prepayments 351 305
Amounts owed by associates 40,000 -
41,381 1,305
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 4,701 312
Accruals and deferred income 117,368 1,320
Amounts owed to group undertakings 1,235,532 1,063,935
1,357,601 1,065,567
8. Ultimate Controlling Party
The company's ultimate controlling party is Dr L Kingsnorth.
9. Related Party Disclosures
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Page 6
During the year, Lewis Kingsnorth Ltd, the parent company, provided the company with a loan. The loan is interest free, unsecured and repayable on demand. At the year end, the balance owed by the company was £1,235,532 (2024: £1,063,935) and is included within creditors.
During the year, the company provided a loan to L & L Care Solutions Limited, a joint venuture of Lewis Kingsnorth Ltd, the parent company. At the year end the balance outstanding was £40,000 (2024: £NIL) and included within debtors. This amount is interest free, unsecured and repayable on demand.
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