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 11952908 Paul Barry Odell Jennie Odell 809 Salisbury House, 29 Finsbury Circus, London, United Kingdom, EC2M 7AQ true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11952908 2024-01-31 11952908 2025-01-31 11952908 2024-02-01 2025-01-31 11952908 frs-core:CurrentFinancialInstruments 2025-01-31 11952908 frs-core:Non-currentFinancialInstruments 2025-01-31 11952908 frs-core:ComputerEquipment 2025-01-31 11952908 frs-core:ComputerEquipment 2024-02-01 2025-01-31 11952908 frs-core:ComputerEquipment 2024-01-31 11952908 frs-core:ShareCapital 2025-01-31 11952908 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 11952908 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 11952908 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 11952908 frs-bus:SmallEntities 2024-02-01 2025-01-31 11952908 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 11952908 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 11952908 1 2024-02-01 2025-01-31 11952908 frs-bus:Director1 2024-02-01 2025-01-31 11952908 frs-bus:Director2 2024-02-01 2025-01-31 11952908 frs-countries:EnglandWales 2024-02-01 2025-01-31 11952908 2023-01-31 11952908 2024-01-31 11952908 2023-02-01 2024-01-31 11952908 frs-core:CurrentFinancialInstruments 2024-01-31 11952908 frs-core:Non-currentFinancialInstruments 2024-01-31 11952908 frs-core:ShareCapital 2024-01-31 11952908 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 11952908
Summersalt Properties Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11952908
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,798 1,217
2,798 1,217
CURRENT ASSETS
Stocks 5 1,467,707 -
Debtors 6 196,603 189,708
Cash at bank and in hand 10,164 70,372
1,674,474 260,080
Creditors: Amounts Falling Due Within One Year 7 (1,360,474 ) (288,499 )
NET CURRENT ASSETS (LIABILITIES) 314,000 (28,419 )
TOTAL ASSETS LESS CURRENT LIABILITIES 316,798 (27,202 )
Creditors: Amounts Falling Due After More Than One Year 8 (159,149 ) (21,001 )
NET ASSETS/(LIABILITIES) 157,649 (48,203 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 157,549 (48,303 )
SHAREHOLDERS' FUNDS 157,649 (48,203)
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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 Profit and Loss Account.
On behalf of the board
Paul Barry Odell
Director
30 October 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Summersalt Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11952908 . The registered office is 809 Salisbury House, 29 Finsbury Circus, London, EC2M 7AQ.
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
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue 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:
Computer Equipment 25% on Written Down Value
2.4. 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.
2.5. 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.
...CONTINUED
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2.5. 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 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: 2 (2024: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 February 2024 3,848
Additions 2,513
As at 31 January 2025 6,361
Depreciation
As at 1 February 2024 2,631
Provided during the period 932
As at 31 January 2025 3,563
Net Book Value
As at 31 January 2025 2,798
As at 1 February 2024 1,217
5. Stocks
2025 2024
£ £
Stock - Properties under development 1,467,707 -
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6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 35,954 2,038
VAT - 35,509
Other taxes and social security 2,903 2,829
Amounts owed by group undertakings 157,746 149,332
196,603 189,708
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 9,948
Bank loans and overdrafts 862,500 -
VAT 3,325 -
Other creditors 419,717 210,237
Accruals and deferred income 1,268 3,383
Directors' loan accounts 73,664 64,931
1,360,474 288,499
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 12,002 21,001
Other creditors 147,147 -
159,149 21,001
9. Secured Creditors
Of the creditors the following amounts are secured. 
2025 2024
£ £
Bank loans and overdrafts 862,500 -
Other Creditors - 184,195
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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11. Related Party Transactions
Included in creditors due within one year is an amount of £73,664 (2024: £64,931 ) owed to its director. The loan is unsecured and repayable on demand and no interest was charged on the balance during the year.
Included in debtors due within one year is an amount of £157,746 (2024: £149,332) owed from its group undertakings and the balance is interest free and receivable on demand.
12. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Odell Holdings Limited . Odell Holdings Limited was incorporated in England and Wales. Copies of the parent company's financial statements may be obtained from the secretary, 809 Salisbury House, 29 Finsbury Circus, London, United Kingdom, EC2M 7AQ
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