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 13082568 Mrs Sarah Clout Mr Gene Clout iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13082568 2023-12-31 13082568 2024-12-31 13082568 2024-01-01 2024-12-31 13082568 frs-core:CurrentFinancialInstruments 2024-12-31 13082568 frs-core:Non-currentFinancialInstruments 2024-12-31 13082568 frs-core:InvestmentPropertyIncludedWithinPPE 2024-12-31 13082568 frs-core:InvestmentPropertyIncludedWithinPPE 2024-01-01 2024-12-31 13082568 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 13082568 frs-core:ShareCapital 2024-12-31 13082568 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13082568 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13082568 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13082568 frs-bus:SmallEntities 2024-01-01 2024-12-31 13082568 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13082568 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13082568 frs-core:UnlistedNon-exchangeTraded 2024-12-31 13082568 frs-core:UnlistedNon-exchangeTraded 2023-12-31 13082568 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 13082568 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 13082568 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 13082568 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 13082568 frs-bus:Director1 2024-01-01 2024-12-31 13082568 frs-bus:Director2 2024-01-01 2024-12-31 13082568 frs-countries:EnglandWales 2024-01-01 2024-12-31 13082568 2022-12-31 13082568 2023-12-31 13082568 2023-01-01 2023-12-31 13082568 frs-core:CurrentFinancialInstruments 2023-12-31 13082568 frs-core:Non-currentFinancialInstruments 2023-12-31 13082568 frs-core:ShareCapital 2023-12-31 13082568 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13082568
Mayfourth Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Mayfourth Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Unaudited Financial Statements

Contents
| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Mayfourth Properties Ltd
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 13082568

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 3 |  | 303,895 |  | -
Investments | 4 |  | 11 |  | 11
|  |  | 303,906 |  | 11
CURRENT ASSETS
Debtors | 5 | 63,001 |  | 13,588 |
Cash at bank and in hand |  | 540 |  | 186,127 |
|  | 63,541 |  | 199,715 |
Creditors: Amounts Falling Due Within One Year | 6 | (7,899 ) |  | (1,058 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 55,642 |  | 198,657
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 359,548 |  | 198,668
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (217,475 ) |  | -
NET ASSETS |  |  | 142,073 |  | 198,668
CAPITAL AND RESERVES
Called up share capital | 9 |  | 5 |  | 5
Profit and Loss Account |  |  | 142,068 |  | 198,663
SHAREHOLDERS' FUNDS |  |  | 142,073 |  | 198,668

Page 1
Page 2
Mayfourth Properties Ltd
Balance Sheet (continued)
As At 31 December 2024
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

Mr Gene Clout Director
17th October 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Mayfourth Properties Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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:
1.3. 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.
1.4. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2023: 2)
2 2
Page 3
Page 4
Mayfourth Properties Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
3. Tangible Assets

| Investment Properties
--- | ---
| £
Cost
As at 1 January 2024 | -
Additions | 303,895
As at 31 December 2024 | 303,895
Net Book Value
As at 31 December 2024 | 303,895
As at 1 January 2024 | -

4. Investments

| Unlisted
--- | ---
| £
Cost
As at 1 January 2024 | 11
As at 31 December 2024 | 11
Provision
As at 1 January 2024 | -
As at 31 December 2024 | -
Net Book Value
As at 31 December 2024 | 11
As at 1 January 2024 | 11

5. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 20,000 |  | -
Directors' loan accounts | 36,251 |  | 13,588
| 56,251 |  | 13,588
Due after more than one year
Corporation tax recoverable assets | 6,750 |  | -
| 6,750 |  | -
| 63,001 |  | 13,588

Page 4
Page 5
Mayfourth Properties Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
6. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | (1 ) |  | 1
Corporation tax | 6,750 |  | -
Other creditors | 24 |  | 24
Accruals and deferred income | 1,126 |  | 1,033
| 7,899 |  | 1,058

7. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 217,475 |  | -
| 217,475 |  | -

8. Secured Creditors
Of the creditors the following amounts are secured. Onesavings Bank plc holds a mortgage deed dated 30.07.2024 against the investment property.

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 217,475 |  | -

9. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 5 |  | 5

10. Directors Advances, Credits and Guarantees
Included within Debtors is a loan to a director as follows:

At start of period | Amounts advanced | Amounts repaid | At end of period
13,588 | 90,554 | -67,891 | 36,251

The above loan is unsecured, interest has been charged at 2.25% and the loan is repayable on demand.
11. General Information
Mayfourth Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13082568 . The registered office is 39 Rede Court Road, Rochester, ME2 3SP.
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