Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 7 November 2022 false 1 January 2024 30 April 2025 30 April 2025 14466270 Mr Sheils David Ms Emma Louise Sheils iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14466270 2023-12-31 14466270 2025-04-30 14466270 2024-01-01 2025-04-30 14466270 frs-core:CurrentFinancialInstruments 2025-04-30 14466270 frs-core:Non-currentFinancialInstruments 2025-04-30 14466270 frs-core:FurnitureFittings 2025-04-30 14466270 frs-core:FurnitureFittings 2024-01-01 2025-04-30 14466270 frs-core:FurnitureFittings 2023-12-31 14466270 frs-core:PlantMachinery 2025-04-30 14466270 frs-core:PlantMachinery 2024-01-01 2025-04-30 14466270 frs-core:PlantMachinery 2023-12-31 14466270 frs-core:ShareCapital 2025-04-30 14466270 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 14466270 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2025-04-30 14466270 frs-bus:FilletedAccounts 2024-01-01 2025-04-30 14466270 frs-bus:SmallEntities 2024-01-01 2025-04-30 14466270 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2025-04-30 14466270 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2025-04-30 14466270 frs-bus:Director1 2024-01-01 2025-04-30 14466270 frs-bus:Director2 2024-01-01 2025-04-30 14466270 frs-countries:EnglandWales 2024-01-01 2025-04-30 14466270 2022-11-06 14466270 2023-12-31 14466270 2022-11-07 2023-12-31 14466270 frs-core:CurrentFinancialInstruments 2023-12-31 14466270 frs-core:Non-currentFinancialInstruments 2023-12-31 14466270 frs-core:ShareCapital 2023-12-31 14466270 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 14466270
Sheils Property Portfolio Limited
Unaudited Financial Statements
For the Period 1 January 2024 to 30 April 2025
Sheils Property Portfolio Limited
Contents
Contents

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

Page 1
Sheils Property Portfolio Limited
Balance Sheet
As At 30 April 2025
Balance Sheet
Registered number: 14466270

| 30 April 2025 | 31 December 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 32,827 |  | 42,295
Investment Properties | 5 |  | 839,905 |  | 191,195
|  |  | 872,732 |  | 233,490
CURRENT ASSETS
Debtors | 6 | 32,900 |  | 461 |
Cash at bank and in hand |  | 33,026 |  | 68,571 |
|  | 65,926 |  | 69,032 |
Creditors: Amounts Falling Due Within One Year | 7 | (385,199 ) |  | (358,667 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (319,273 ) |  | (289,635 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 553,459 |  | (56,145 )
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (552,954 ) |  | -
NET ASSETS/(LIABILITIES) |  |  | 505 |  | (56,145 )
CAPITAL AND RESERVES
Called up share capital | 9 |  | 100 |  | 100
Profit and Loss Account |  |  | 405 |  | (56,245 )
SHAREHOLDERS' FUNDS |  |  | 505 |  | (56,145)

Page 1
Page 2
Sheils Property Portfolio Limited
Balance Sheet (continued)
As At 30 April 2025
For the period ending 30 April 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 Sheils David Director
29/10/2025

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Sheils Property Portfolio Limited
Notes to the Financial Statements
For the Period 1 January 2024 to 30 April 2025
Notes to the Financial Statements
1. General Information
Sheils Property Portfolio Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14466270 . The registered office is Offiss @ Falcon Point Park Plaza, Heath Hayes, Cannock, Staffordshire, England, WS12 2DE.
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 | 25% RBM
Fixtures & Fittings | 33.33% SLM

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 profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2023: 2)
- 2
4. Tangible Assets

| Plant & Machinery | Fixtures & Fittings | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2024 | 44,450 | - | 44,450
Additions | - | 1,163 | 1,163
As at 30 April 2025 | 44,450 | 1,163 | 45,613
Depreciation
As at 1 January 2024 | 2,155 | - | 2,155
Provided during the period | 10,574 | 57 | 10,631
As at 30 April 2025 | 12,729 | 57 | 12,786
Net Book Value
As at 30 April 2025 | 31,721 | 1,106 | 32,827
As at 1 January 2024 | 42,295 | - | 42,295

Page 3
Page 4
Sheils Property Portfolio Limited
Notes to the Financial Statements (continued)
For the Period 1 January 2024 to 30 April 2025
5. Investment Property

| 30 April 2025
--- | ---
| £
Fair Value
As at 1 January 2024 | 191,195
Additions | 648,710
As at 30 April 2025 | 839,905

6. Debtors

| 30 April 2025 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 32,900 |  | 461

7. Creditors: Amounts Falling Due Within One Year

| 30 April 2025 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 3,070 |  | 37,663
Other creditors | 382,129 |  | 321,004
| 385,199 |  | 358,667

8. Creditors: Amounts Falling Due After More Than One Year

| 30 April 2025 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 552,954 |  | -

9. Share Capital

| 30 April 2025 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

Page 4