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 13426842 E G Potier de la Morandiere S A Turner G M Reil iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13426842 2024-05-31 13426842 2025-05-31 13426842 2024-06-01 2025-05-31 13426842 frs-core:CurrentFinancialInstruments 2025-05-31 13426842 frs-core:Non-currentFinancialInstruments 2025-05-31 13426842 frs-core:InvestmentPropertyIncludedWithinPPE 2025-05-31 13426842 frs-core:InvestmentPropertyIncludedWithinPPE 2024-06-01 2025-05-31 13426842 frs-core:InvestmentPropertyIncludedWithinPPE 2024-05-31 13426842 frs-core:ShareCapital 2025-05-31 13426842 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 13426842 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 13426842 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 13426842 frs-bus:SmallEntities 2024-06-01 2025-05-31 13426842 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 13426842 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 13426842 frs-bus:Director1 2024-06-01 2025-05-31 13426842 frs-bus:Director2 2024-06-01 2025-05-31 13426842 frs-bus:Director3 2024-06-01 2025-05-31 13426842 frs-countries:EnglandWales 2024-06-01 2025-05-31 13426842 2023-05-31 13426842 2024-05-31 13426842 2023-06-01 2024-05-31 13426842 frs-core:CurrentFinancialInstruments 2024-05-31 13426842 frs-core:Non-currentFinancialInstruments 2024-05-31 13426842 frs-core:ShareCapital 2024-05-31 13426842 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: 13426842
No.10 Properties Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13426842
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 477,000 466,000
477,000 466,000
CURRENT ASSETS
Debtors 5 542 463
Cash at bank and in hand 2,939 3,567
3,481 4,030
Creditors: Amounts Falling Due Within One Year 6 (131,317 ) (132,381 )
NET CURRENT ASSETS (LIABILITIES) (127,836 ) (128,351 )
TOTAL ASSETS LESS CURRENT LIABILITIES 349,164 337,649
Creditors: Amounts Falling Due After More Than One Year 7 (283,696 ) (287,517 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (18,033 ) (15,283 )
NET ASSETS 47,435 34,849
CAPITAL AND RESERVES
Called up share capital 9 4 4
Profit and Loss Account 47,431 34,845
SHAREHOLDERS' FUNDS 47,435 34,849
Page 1
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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 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
E G Potier de la Morandiere
Director
S A Turner
Director
G M Reil
Director
8th October 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
No.10 Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13426842 . The registered office is 10 Victoria Road, Whalley Range, Manchester, M16 8DP.
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.
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.
2.3. 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: 3 (2024: 3)
3 3
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4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 June 2024 466,000
Revaluation 11,000
As at 31 May 2025 477,000
Net Book Value
As at 31 May 2025 477,000
As at 1 June 2024 466,000
5. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 542 463
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 130 131
Bank loans and overdrafts 4,040 3,804
Other creditors 895 1,675
Accruals and deferred income 1,980 2,652
Directors' loan accounts 124,272 124,119
131,317 132,381
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 283,696 287,517
Amounts falling due in more than five years, repayable otherwise than by instalments, total £72,316 (2024: £72,321).
Amounts falling due in more than one year, repayable by instalments, total £211,380 (2024: £215,196).
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured by fixed charges over the investment properties of the company and have also been personally guaranteed by the directors.
2025 2024
£ £
Bank loans and overdrafts 287,736 291,321
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 4 4
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10. Reserves
Included within the Profit and Loss Account is £54,100 of non-distributable reserves (2024: £45,850).
11. Related Party Transactions
The Directors' loan accounts represent amounts due to the directors, E G Potier de la Morandiere, S A Turner and G M Reil. The loans are unsecured and interest free with no fixed terms for repayment.
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