Acorah Software Products - Accounts Production 16.6.950 false true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 10351982 Mr Bradley Starr Ms Lorraine Starr Mr B. Starr Suite C, 4-6 Canfield Place, London NW6 3BT false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10351982 2024-07-31 10351982 2025-07-31 10351982 2024-08-01 2025-07-31 10351982 frs-core:CurrentFinancialInstruments 2025-07-31 10351982 frs-core:FurnitureFittings 2025-07-31 10351982 frs-core:FurnitureFittings 2024-08-01 2025-07-31 10351982 frs-core:FurnitureFittings 2024-07-31 10351982 frs-core:SharePremium 2025-07-31 10351982 frs-core:ShareCapital 2025-07-31 10351982 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 10351982 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 10351982 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 10351982 frs-bus:SmallEntities 2024-08-01 2025-07-31 10351982 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 10351982 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 10351982 frs-bus:OrdinaryShareClass1 2024-08-01 2025-07-31 10351982 frs-bus:OrdinaryShareClass1 2025-07-31 10351982 frs-bus:OrdinaryShareClass2 2024-08-01 2025-07-31 10351982 frs-bus:OrdinaryShareClass2 2025-07-31 10351982 1 2024-08-01 2025-07-31 10351982 frs-core:DeferredTaxation 2024-08-01 2025-07-31 10351982 frs-core:DeferredTaxation 2024-07-31 10351982 frs-core:DeferredTaxation 2025-07-31 10351982 frs-core:RevaluationInvestmentPropertyDeferredTax 2025-07-31 10351982 frs-bus:Director1 2024-08-01 2025-07-31 10351982 frs-bus:Director2 2024-08-01 2025-07-31 10351982 frs-countries:EnglandWales 2024-08-01 2025-07-31 10351982 2023-07-31 10351982 2024-07-31 10351982 2023-08-01 2024-07-31 10351982 frs-core:CurrentFinancialInstruments 2024-07-31 10351982 frs-core:SharePremium 2024-07-31 10351982 frs-core:ShareCapital 2024-07-31 10351982 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 10351982 frs-bus:OrdinaryShareClass1 2023-08-01 2024-07-31 10351982 frs-bus:OrdinaryShareClass2 2023-08-01 2024-07-31 10351982 frs-core:RevaluationInvestmentPropertyDeferredTax 2024-07-31
Registered number: 10351982
Megabel 2 Limited
Unaudited Financial Statements
For The Year Ended 31 July 2025
Charts Accountants LLP
Chartered Certified Accountants
Chartax House,
13 Carpenter Road
Birmingham
B15 2JW
Megabel 2 Limited
Contents
Contents

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

Page 1
Megabel 2 Limited
Balance Sheet
As At 31 July 2025
Balance Sheet
Registered number: 10351982

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 1 |  | 1
Investment Properties | 5 |  | 2,801,888 |  | 3,036,853
|  |  | 2,801,889 |  | 3,036,854
CURRENT ASSETS
Debtors | 6 | 26,374 |  | 23,769 |
Cash at bank and in hand |  | 154,673 |  | 135,323 |
|  | 181,047 |  | 159,092 |
Creditors: Amounts Falling Due Within One Year | 7 | (97,121 ) |  | (101,733 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 83,926 |  | 57,359
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,885,815 |  | 3,094,213
PROVISIONS FOR LIABILITIES
Deferred Taxation | 8 |  | (86,815 ) |  | (145,557 )
NET ASSETS |  |  | 2,799,000 |  | 2,948,656
CAPITAL AND RESERVES
Called up share capital | 10 |  | 55,196 |  | 55,196
Share premium account |  |  | 2,452,985 |  | 2,452,985
Profit and Loss Account |  |  | 290,819 |  | 440,475
SHAREHOLDERS' FUNDS |  |  | 2,799,000 |  | 2,948,656

Page 1
Page 2
Megabel 2 Limited
Balance Sheet (continued)
As At 31 July 2025
For the year ending 31 July 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 Bradley Starr Director
14th November 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Megabel 2 Limited
Notes to the Financial Statements
For The Year Ended 31 July 2025
Notes to the Financial Statements
1. General Information
Megabel 2 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10351982 . The registered office is 4-6 Canfield Place, London, NW6 3BT.
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 represents rents receivable from tenants and other items recharged.
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:

Fixtures & Fittings | 25% on cost

2.4. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their market value.
2.5. Taxation
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 may sometimes differ 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 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.
Page 3
Page 4
Megabel 2 Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets

| Fixtures & Fittings
--- | ---
| £
Cost or Valuation
As at 1 August 2024 | 1
As at 31 July 2025 | 1
Net Book Value
As at 31 July 2025 | 1
As at 1 August 2024 | 1

5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 August 2024 | 3,036,853
Revaluations | (234,965)
As at 31 July 2025 | 2,801,888

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Cost | 2,454,627 |  | 2,454,627
Accumulated depreciation and impairment | 294,552 |  | 261,824
Carrying amount | 2,160,075 |  | 2,192,803

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 15,909 |  | 17,750
Other debtors | 10,465 |  | 6,019
| 26,374 |  | 23,769

Page 4
Page 5
Megabel 2 Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 1,897 |  | 1
Bank loans and overdrafts | - |  | 3
Other creditors | 70,251 |  | 58,651
Taxation and social security | 24,973 |  | 43,078
| 97,121 |  | 101,733

8. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Revaluation of investment properties | 86,815 |  | 145,557

9. Provisions for Liabilities

| Deferred Tax | Total
--- | --- | ---
| £ | £
As at 1 August 2024 | 145,557 | 145,557
Deferred taxation | (58,742 ) | (58,742 )
Balance at 31 July 2025 | 86,815 | 86,815

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
18,612 Ordinary Shares of £ 1.000 each | 18,612 |  | 18,612
36,584 Ordinary A shares of £ 1.000 each | 36,584 |  | 36,584
| 55,196 |  | 55,196

11. Reserves
The Profit and Loss Account Reserve includes a non distributable amount of £260,447 (2024 - £436,670) in respect of the net change in fair value of investment properties (less deferred tax).
12. Related Party Transactions
During the year the company was invoiced service fees by Starrserv Ltd of £114,000 (2024 - £63,000). BM Starr is a common director.
Page 5
Page 6
Megabel 2 Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
13. Parent Undertaking and Controlling Party
The company's immediate and parent undertaking is Starrserv Limited . Starrserv Limited was incorporated in England and Wales. Copies of the group accounts may be obtained from the secretary, Suite C, 4-6 Canfield Place, London NW6 3BT . The controlling party is Mr B. Starr who controls 100% of the shares of Starrserv Limited.
Page 6