Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 09353119 Mrs Meena Devlukia Mr Prabodh Devlukia Mr Prabodh Devlukia Mr and Mrs Devlukia true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09353119 2024-03-31 09353119 2025-03-31 09353119 2024-04-01 2025-03-31 09353119 frs-core:CurrentFinancialInstruments 2025-03-31 09353119 frs-core:Non-currentFinancialInstruments 2025-03-31 09353119 frs-core:NetGoodwill 2025-03-31 09353119 frs-core:NetGoodwill 2024-04-01 2025-03-31 09353119 frs-core:NetGoodwill 2024-03-31 09353119 frs-core:MotorVehicles 2025-03-31 09353119 frs-core:MotorVehicles 2024-04-01 2025-03-31 09353119 frs-core:MotorVehicles 2024-03-31 09353119 frs-core:PlantMachinery 2025-03-31 09353119 frs-core:PlantMachinery 2024-04-01 2025-03-31 09353119 frs-core:PlantMachinery 2024-03-31 09353119 frs-core:ShareCapital 2025-03-31 09353119 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 09353119 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09353119 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 09353119 frs-bus:SmallEntities 2024-04-01 2025-03-31 09353119 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09353119 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09353119 1 2024-04-01 2025-03-31 09353119 frs-bus:Director1 2024-04-01 2025-03-31 09353119 frs-bus:Director2 2024-04-01 2025-03-31 09353119 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 09353119 frs-countries:EnglandWales 2024-04-01 2025-03-31 09353119 2023-03-31 09353119 2024-03-31 09353119 2023-04-01 2024-03-31 09353119 frs-core:CurrentFinancialInstruments 2024-03-31 09353119 frs-core:Non-currentFinancialInstruments 2024-03-31 09353119 frs-core:ShareCapital 2024-03-31 09353119 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 09353119
Devlukia Properties Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09353119
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,327,500 2,660,000
Tangible Assets 5 149,170 202,570
Investment Properties 6 19,238,384 19,238,384
21,715,054 22,100,954
CURRENT ASSETS
Debtors 7 21,254 51,683
Investments 8 340,035 -
Cash at bank and in hand 1,939,818 1,615,907
2,301,107 1,667,590
Creditors: Amounts Falling Due Within One Year 9 (474,083 ) (461,281 )
NET CURRENT ASSETS (LIABILITIES) 1,827,024 1,206,309
TOTAL ASSETS LESS CURRENT LIABILITIES 23,542,078 23,307,263
Creditors: Amounts Falling Due After More Than One Year 10 (12,002,366 ) (11,990,461 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,364 ) (12,323 )
NET ASSETS 11,531,348 11,304,479
CAPITAL AND RESERVES
Called up share capital 12 10,219,272 10,219,272
Profit and Loss Account 1,312,076 1,085,207
SHAREHOLDERS' FUNDS 11,531,348 11,304,479
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Page 2
For the year ending 31 March 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
Mr Prabodh Devlukia
Director
28th October 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Devlukia Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09353119 . The registered office is 192 Norwich Road, Norwich, NR5 0EX.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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 10% straight line
Motor Vehicles 20% straight line
During the year, 'Freehold Land and Buildings' have been reclassified as 'Investment Properties' as it is deemed by the directors that this is a more suitable description for the assets and represents a more appropriate classification to show a true and fair position. A transfer between asset classes has therefore occurred in the year.
As a result, all prior depreciation charged has been unwound in the profit and loss. The assets going forward will be considered under 'Investment Properties' and will follow the accounting treatment as per the note below. 
2.5. 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.
Please see the note above where a transfer of asset class has taken place. during the year. The directors have considered a revaluation of assets, of which the properties remain at their historic cost valuation. The directors have not had any formal valuations and have assessed the property valuations themselves.
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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 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: 2 (2024: 1)
2 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 3,325,000
As at 31 March 2025 3,325,000
Amortisation
As at 1 April 2024 665,000
Provided during the period 332,500
As at 31 March 2025 997,500
Net Book Value
As at 31 March 2025 2,327,500
As at 1 April 2024 2,660,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 422,638 55,680 478,318
As at 31 March 2025 422,638 55,680 478,318
Depreciation
As at 1 April 2024 252,412 23,336 275,748
Provided during the period 42,264 11,136 53,400
As at 31 March 2025 294,676 34,472 329,148
...CONTINUED
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Page 5
Net Book Value
As at 31 March 2025 127,962 21,208 149,170
As at 1 April 2024 170,226 32,344 202,570
Please see note in 'Accounting Policies' regarding a transfer of asset class.
6. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 19,238,384
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 21,254 51,683
8. Current Asset Investments
2025 2024
£ £
Listed investments 340,035 -
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 19,552 41,348
Bank loans and overdrafts - 136
Corporation tax 202,517 245,216
Other taxes and social security 2,085 553
VAT 11,731 8,936
Other creditors 141,214 135,626
Accruals and deferred income 3,500 3,500
Directors' loan accounts 93,484 25,966
474,083 461,281
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 4,551,049 4,551,049
Amounts owed to related parties 7,451,317 7,439,412
12,002,366 11,990,461
11. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 4,551,049 4,551,049
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12. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10,219,272 10,219,272
13. Related Party Transactions
Common Control
Included within creditors is an amount of £7,451,317 (2024: £7,439,412) owed to companies deemed related by virtue of common control. These companies are under common control due to common ownership.
The directors confirm that these transactions were conducted at arm's length and are satisfied that they represent fair value.
14. Ultimate Controlling Party
The company's ultimate controlling party is Mr and Mrs Devlukia by virtue of his ownership of 100% of the issued share capital in the company.
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