Acorah Software Products - Accounts Production 16.5.460 false true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 12486302 Mr James Bruce iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12486302 2024-02-28 12486302 2025-02-28 12486302 2024-02-29 2025-02-28 12486302 frs-core:CurrentFinancialInstruments 2025-02-28 12486302 frs-core:ComputerEquipment 2025-02-28 12486302 frs-core:ComputerEquipment 2024-02-29 2025-02-28 12486302 frs-core:ComputerEquipment 2024-02-28 12486302 frs-core:ShareCapital 2025-02-28 12486302 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 12486302 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 12486302 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 12486302 frs-bus:SmallEntities 2024-02-29 2025-02-28 12486302 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 12486302 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 12486302 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-02-28 12486302 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-02-28 12486302 frs-bus:Director1 2024-02-29 2025-02-28 12486302 frs-countries:EnglandWales 2024-02-29 2025-02-28 12486302 2023-02-28 12486302 2024-02-28 12486302 2023-03-01 2024-02-28 12486302 frs-core:CurrentFinancialInstruments 2024-02-28 12486302 frs-core:ShareCapital 2024-02-28 12486302 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 12486302 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-02-28
Registered number: 12486302
SBR Property Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Quant Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12486302
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 149
Investment Properties 5 545,000 721,000
545,000 721,149
CURRENT ASSETS
Debtors 6 102,901 9,144
Cash at bank and in hand 4,693 28,543
107,594 37,687
Creditors: Amounts Falling Due Within One Year 7 (521,853 ) (618,833 )
NET CURRENT ASSETS (LIABILITIES) (414,259 ) (581,146 )
TOTAL ASSETS LESS CURRENT LIABILITIES 130,741 140,003
PROVISIONS FOR LIABILITIES
Deferred Taxation (23,877 ) (26,647 )
NET ASSETS 106,864 113,356
CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 69,277 69,277
Profit and Loss Account 37,487 43,979
SHAREHOLDERS' FUNDS 106,864 113,356
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For the year ending 28 February 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 James Bruce
Director
23/10/2025
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
SBR Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12486302 . The registered office is 30 Eurgain Avenue, Connah's Quay, Deeside, Flintshire, CH5 4PW.
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.
The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1. 
2.2. 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:
Computer Equipment 33% Straight Line
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: 1 (2024: 1)
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4. Tangible Assets
Computer Equipment
£
Cost or Valuation
As at 29 February 2024 886
As at 28 February 2025 886
Depreciation
As at 29 February 2024 737
Provided during the period 149
As at 28 February 2025 886
Net Book Value
As at 28 February 2025 -
As at 29 February 2024 149
5. Investment Property
2025
£
Fair Value
As at 29 February 2024 721,000
Disposals (168,500 )
Fair value adjustments (7,500 )
As at 28 February 2025 545,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 419,334 540,463
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 4,649
Amounts owed by associates 102,901 4,495
102,901 9,144
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other loans 80,000 140,000
Corporation tax 1,832 -
Other creditors 303,991 296,409
Accruals and deferred income 720 720
Director's loan account 135,310 181,704
521,853 618,833
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Fair Value Reserve
£
As at 29 February 2024 69,277
As at 28 February 2025 69,277
10. Related Party Transactions
SBR Property Ventures Ltd is a company under common ownership as SBR Property Limited. During the year, SBR Property Limited provided loans totalling £108,383 (2024- £4,495) to SBR Property Ventures Limited, all of which were outstanding at the year end. These loans are interest-free and repayable on demand.
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