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Registered number: 12711502
CZN Property Limited
Unaudited Financial Statements
For The Year Ended 31 July 2025
Hilary Adams Ltd
158 High Street
Herne Bay
Kent
CT6 5NP
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 12711502
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,115,013 1,000,678
1,115,013 1,000,678
CURRENT ASSETS
Debtors 5 18,693 24,285
Cash at bank and in hand 6,992 1,801
25,685 26,086
Creditors: Amounts Falling Due Within One Year 6 (29,074 ) (10,173 )
NET CURRENT ASSETS (LIABILITIES) (3,389 ) 15,913
TOTAL ASSETS LESS CURRENT LIABILITIES 1,111,624 1,016,591
Creditors: Amounts Falling Due After More Than One Year 7 (665,064 ) (620,042 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (99,875 ) (93,875 )
NET ASSETS 346,685 302,674
CAPITAL AND RESERVES
Called up share capital 8 10 10
Fair value reserve 9 299,625 281,625
Income Statement 47,050 21,039
SHAREHOLDERS' FUNDS 346,685 302,674
Page 1
Page 2
For the year ending 31 July 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 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 Income Statement.
On behalf of the board
Graham Kinnear
Director
14 October 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
CZN Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12711502 . The registered office is 158 High Street, Herne Bay, Kent, CT6 5NW.
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 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.
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.
2.3. 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 income statement.
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.
...CONTINUED
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Page 4
2.4. Taxation - continued
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: NIL (2024: NIL)
- -
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 August 2024 1,000,678
Additions 90,335
Revaluation 24,000
As at 31 July 2025 1,115,013
Net Book Value
As at 31 July 2025 1,115,013
As at 1 August 2024 1,000,678
Cost or valuation as at 31 July 2025 represented by:
Investment Properties
£
At valuation 1,115,013
1,115,013
If the investment properties had not been revalued, they would have been included at historical cost of £715,512.
The investment properties were valued on an open market basis on 31 July 2025 by Graham Kinnear, a director.
Page 4
Page 5
5. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 1,070 7,816
Other debtors 2,189 1,035
Amounts owed by associates 15,434 15,434
18,693 24,285
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 7,677 3,735
Other creditors 2,189 1,035
Accruals and deferred income 2,174 1,689
Director's loan account 17,034 3,714
29,074 10,173
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Directors loan account 177,500 201,000
Amounts owed to parent undertaking 487,564 419,042
665,064 620,042
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
9. Reserves
Fair Value Reserve
£
As at 1 August 2024 281,625
Transfer to profit and loss 18,000
As at 31 July 2025 299,625
Page 5