Acorah Software Products - Accounts Production 16.5.460 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 09573150 Peter Irvine Julia Irvine Julia Irvine iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09573150 2024-01-31 09573150 2025-01-31 09573150 2024-02-01 2025-01-31 09573150 frs-core:CurrentFinancialInstruments 2025-01-31 09573150 frs-core:Non-currentFinancialInstruments 2025-01-31 09573150 frs-core:FurnitureFittings 2025-01-31 09573150 frs-core:FurnitureFittings 2024-02-01 2025-01-31 09573150 frs-core:FurnitureFittings 2024-01-31 09573150 frs-core:InvestmentPropertyIncludedWithinPPE 2025-01-31 09573150 frs-core:InvestmentPropertyIncludedWithinPPE 2024-02-01 2025-01-31 09573150 frs-core:InvestmentPropertyIncludedWithinPPE 2024-01-31 09573150 frs-core:MotorVehicles 2025-01-31 09573150 frs-core:MotorVehicles 2024-02-01 2025-01-31 09573150 frs-core:MotorVehicles 2024-01-31 09573150 frs-core:PlantMachinery 2025-01-31 09573150 frs-core:PlantMachinery 2024-02-01 2025-01-31 09573150 frs-core:PlantMachinery 2024-01-31 09573150 frs-core:RevaluationReserve 2024-02-01 2025-01-31 09573150 frs-core:RevaluationReserve 2024-01-31 09573150 frs-core:RevaluationReserve 2025-01-31 09573150 frs-core:ShareCapital 2025-01-31 09573150 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 09573150 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 09573150 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 09573150 frs-bus:SmallEntities 2024-02-01 2025-01-31 09573150 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 09573150 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 09573150 frs-bus:Director1 2024-02-01 2025-01-31 09573150 frs-bus:Director2 2024-02-01 2025-01-31 09573150 frs-bus:CompanySecretary1 2024-02-01 2025-01-31 09573150 frs-core:CurrentFinancialInstruments 1 2025-01-31 09573150 frs-core:CurrentFinancialInstruments 2 2025-01-31 09573150 frs-core:CurrentFinancialInstruments 4 2025-01-31 09573150 frs-countries:EnglandWales 2024-02-01 2025-01-31 09573150 2023-01-31 09573150 2024-01-31 09573150 2023-02-01 2024-01-31 09573150 frs-core:CurrentFinancialInstruments 2024-01-31 09573150 frs-core:Non-currentFinancialInstruments 2024-01-31 09573150 frs-core:RevaluationReserve 2024-01-31 09573150 frs-core:ShareCapital 2024-01-31 09573150 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09573150 frs-core:CurrentFinancialInstruments 1 2024-01-31 09573150 frs-core:CurrentFinancialInstruments 2 2024-01-31 09573150 frs-core:CurrentFinancialInstruments 4 2024-01-31
Registered number: 09573150
Irvine Property Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
TaxAssist Accountants
Chartered Accountants
714 London Road
Larkfield
KENT
ME20 6BL
Irvine Property Solutions Limited
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—6

Page 1
Irvine Property Solutions Limited
Statement of Financial Position
As At 31 January 2025
Statement of Financial Position
Registered number: 09573150

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 7,756,082 |  | 7,420,488
|  |  | 7,756,082 |  | 7,420,488
CURRENT ASSETS
Debtors | 5 | 21,715 |  | 32,411 |
Cash at bank and in hand |  | 51,222 |  | 37,756 |
|  | 72,937 |  | 70,167 |
Creditors: Amounts Falling Due Within One Year | 6 | (2,803,131 ) |  | (2,678,514 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (2,730,194 ) |  | (2,608,347 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 5,025,888 |  | 4,812,141
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (3,767,683 ) |  | (3,767,683 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (209,588 ) |  | (178,482 )
NET ASSETS |  |  | 1,048,617 |  | 865,976
CAPITAL AND RESERVES
Called up share capital | 8 |  | 2 |  | 2
Revaluation reserve | 9 |  | 1,099,265 |  | 930,576
Income Statement |  |  | (50,650 ) |  | (64,602 )
SHAREHOLDERS' FUNDS |  |  | 1,048,617 |  | 865,976

Page 1
Page 2
Irvine Property Solutions Limited
Statement of Financial Position (continued)
As At 31 January 2025
For the year ending 31 January 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 Income Statement.
On behalf of the board

Peter Irvine Director
24th October 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Irvine Property Solutions Limited
Notes to the Financial Statements
For The Year Ended 31 January 2025
Notes to the Financial Statements
1. General Information
Irvine Property Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09573150 . The registered office is Moatlands Manor Watermans Lane, Paddock Wood, Tonbridge, KENT, TN12 6ND.
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. 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 | 33% straight line basis
Motor Vehicles | 20% straight line basis
Fixtures & Fittings | 33% straight line basis

2.4. 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.
The loan interest and fees arising from investment properties are expensed to the profit and loss account. The loan interest and fees arising from the development properties are capitalised as the properties are developed for a number of years. In the current year, the loan interest associated with the development properties has been expensed as there are delays in the planning permission being granted for further development. The property is being rented in the interim period.
Page 3
Page 4
Irvine Property Solutions Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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 year 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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was 3 (2024: 3)
3 3
4. Tangible Assets

| Investment Properties | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Cost or Valuation
As at 1 February 2024 | 7,411,688 | 60,637 | 17,900 | 22,591 | 7,512,816
Additions | 144,622 | - | 28,995 | - | 173,617
Disposals | - | - | (17,900 ) | - | (17,900 )
Revaluation | 168,690 | - | - | - | 168,690
As at 31 January 2025 | 7,725,000 | 60,637 | 28,995 | 22,591 | 7,837,223

...CONTINUED
Page 4
Page 5
Irvine Property Solutions Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025

Depreciation
As at 1 February 2024 | - | 57,962 | 17,900 | 16,466 | 92,328
Provided during the period | - | 2,059 | 1,450 | 3,204 | 6,713
Disposals | - | - | (17,900 ) | - | (17,900 )
As at 31 January 2025 | - | 60,021 | 1,450 | 19,670 | 81,141
Net Book Value
As at 31 January 2025 | 7,725,000 | 616 | 27,545 | 2,921 | 7,756,082
As at 1 February 2024 | 7,411,688 | 2,675 | - | 6,125 | 7,420,488

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 1,786 |  | 1,997
Other debtors - Woodside SPV Limited | 1,517 |  | -
Other debtors - wages payable | 421 |  | 801
Expense Claim Control | 83 |  | (48 )
Deferred tax current asset | 17,902 |  | 29,661
VAT | 6 |  | -
| 21,715 |  | 32,411

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 10,271 |  | 3,414
Other taxes and social security | 1 |  | 1
Deferred income - income in advance | 19,045 |  | 21,678
Other creditors | 1,875 |  | 375
Accruals and deferred income | 2,178 |  | 1,980
Directors' loan accounts | 2,769,761 |  | 2,651,066
| 2,803,131 |  | 2,678,514

Page 5
Page 6
Irvine Property Solutions Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 3,767,683 |  | 3,767,683

Included within creditors is a bank loan of £3,767,682.51. This loan is repayable in full on the maturity date in 20 years time on 26th August 2042. Interest is payable at a rate of 2.95%, with a 5 year fixed rate period ending on 26th August 2027.
8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2 |  | 2

9. Reserves

| Revaluation Reserve
--- | ---
| £
As at 1 February 2024 | 930,576
Surplus on revaluation | 168,689
As at 31 January 2025 | 1,099,265

Page 6