Acorah Software Products - Accounts Production 16.5.460 false true 31 August 2024 1 September 2023 false 1 September 2024 31 August 2025 31 August 2025 SC306215 Mr Mark Fielding iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC306215 2024-08-31 SC306215 2025-08-31 SC306215 2024-09-01 2025-08-31 SC306215 frs-core:CurrentFinancialInstruments 2025-08-31 SC306215 frs-core:Non-currentFinancialInstruments 2025-08-31 SC306215 frs-core:RevaluationReserve 2024-09-01 2025-08-31 SC306215 frs-core:RevaluationReserve 2024-08-31 SC306215 frs-core:RevaluationReserve 2025-08-31 SC306215 frs-core:ShareCapital 2025-08-31 SC306215 frs-core:RetainedEarningsAccumulatedLosses 2025-08-31 SC306215 frs-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 SC306215 frs-bus:FilletedAccounts 2024-09-01 2025-08-31 SC306215 frs-bus:SmallEntities 2024-09-01 2025-08-31 SC306215 frs-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 SC306215 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 SC306215 frs-bus:Director1 2024-09-01 2025-08-31 SC306215 frs-countries:Scotland 2024-09-01 2025-08-31 SC306215 2023-08-31 SC306215 2024-08-31 SC306215 2023-09-01 2024-08-31 SC306215 frs-core:CurrentFinancialInstruments 2024-08-31 SC306215 frs-core:Non-currentFinancialInstruments 2024-08-31 SC306215 frs-core:RevaluationReserve 2024-08-31 SC306215 frs-core:ShareCapital 2024-08-31 SC306215 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31
Registered number: SC306215
M.F. Property Developments Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
NSB Chartered Certified Accountants
M.F. Property Developments Limited
Contents
Contents

| Page
--- | ---
Company Information | 1
Balance Sheet | 2—3
Notes to the Financial Statements | 4—6

Page 1
M.F. Property Developments Limited
Company Information
For The Year Ended 31 August 2025
Company Information

Director | Mr Mark Fielding
Company Number | SC306215
Registered Office | 35 Burnside
| Haddington
| East Lothian
| EH41 4ER
Accountants | NSB Chartered Certified Accountants
| 39 Hunter Grove
| Bathgate
| West Lothian
| EH48 1NN

Page 1
Page 2
M.F. Property Developments Limited
Balance Sheet
As At 31 August 2025
Balance Sheet
Registered number: SC306215

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investment Properties | 4 |  | 1,225,000 |  | 1,225,000
|  |  | 1,225,000 |  | 1,225,000
CURRENT ASSETS
Cash at bank and in hand |  | 27,569 |  | 1,062 |
|  | 27,569 |  | 1,062 |
Creditors: Amounts Falling Due Within One Year | 5 | (43,761 ) |  | (33,002 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (16,192 ) |  | (31,940 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,208,808 |  | 1,193,060
Creditors: Amounts Falling Due After More Than One Year | 6 |  | (384,158 ) |  | (393,128 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (63,704 ) |  | (63,977 )
NET ASSETS |  |  | 760,946 |  | 735,955
CAPITAL AND RESERVES
Called up share capital | 7 |  | 100 |  | 100
Revaluation reserve | 8 |  | 363,052 |  | 364,214
Profit and Loss Account |  |  | 397,794 |  | 371,641
SHAREHOLDERS' FUNDS |  |  | 760,946 |  | 735,955

Page 2
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M.F. Property Developments Limited
Balance Sheet (continued)
As At 31 August 2025
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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 Profit and Loss Account.
On behalf of the board

Mr Mark Fielding Director
31 October 2025

The notes on pages 4 to 6 form part of these financial statements.
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M.F. Property Developments Limited
Notes to the Financial Statements
For The Year Ended 31 August 2025
Notes to the Financial Statements
1. General Information
M.F. Property Developments Limited is a private Company, limited by shares, incorporated in Scotland: registration number SC306215 . The registered office address is 35 Burnside, Haddington, East Lothian, EH41 4ER.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
2.2. Significant judgements and estimations
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affect is only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2.3. Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover represents amounts invoiced and received each month and quarter during the year for property letting rental income.
2.4. Investment Properties
Investment property is carried at fair value determined annually by the directors 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. Changes in fair value are recognised in the profit and loss.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
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M.F. Property Developments Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
2.6. Taxation
Current taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Deferred taxation
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

- the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
3. Average Number of Employees
The average number of employees, including directors, during the year was as follows: 1 (2024: 1)
1 1
4. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 September 2024 | 1,225,000
Additions | 1,435
Revaluations | (1,435)
As at 31 August 2025 | 1,225,000

The fair value of the investment properties has been arrived at on the basis of a valuation carried out as at 31 August 2025 by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
5. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 9,959 |  | 9,959
Other taxes and social security | 6,878 |  | 13,110
Other creditors | 17,789 |  | -
Accruals and deferred income | 9,135 |  | 9,933
| 43,761 |  | 33,002

The bank loans are secured by fixed and floating charges over the assets of the company.
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M.F. Property Developments Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
6. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 52,986 |  | 59,339
Other loans | 56,148 |  | 55,362
Other creditors | 275,024 |  | 278,427
| 384,158 |  | 393,128

The bank loans are secured by fixed and floating charges over the assets of the company.
7. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

8. Reserves

| Revaluation Reserve
--- | ---
| £
As at 1 September 2024 | 364,214
Other movements | (1,162 )
As at 31 August 2025 | 363,052

Where assets are included at fair value, the unrealised uplift in their fair value is transferred from the profit and loss reserve to the revaluation reserve. Deferred tax movements on these unrealised uplifts are also transferred from the profit and loss reserve to the revaluation reserve.
9. Related Party Transactions
Included within "other loans" is an amount of £56,148 (2024 - £55,362) due to M&C Fielding Developments Ltd, a company in which the director, Mr Mark Fielding, is also a director and shareholder. This loan is interest free with no fixed terms of repayment.
Included within "other creditors" is an amount of £275,024 (2024 - £278,427) due to Mr Mark Fielding, a director and shareholder. This loan is interest free with no fixed terms of repayment.
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