Acorah Software Products - Accounts Production 16.6.950 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 01703644 Mrs Diane Swift Mr Michael Swift Mrs Diane Swift iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01703644 2024-03-31 01703644 2025-03-31 01703644 2024-04-01 2025-03-31 01703644 frs-core:CurrentFinancialInstruments 2025-03-31 01703644 frs-core:Non-currentFinancialInstruments 2025-03-31 01703644 frs-core:InvestmentPropertyIncludedWithinPPE 2025-03-31 01703644 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-01 2025-03-31 01703644 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 01703644 frs-core:PlantMachinery 2025-03-31 01703644 frs-core:PlantMachinery 2024-04-01 2025-03-31 01703644 frs-core:PlantMachinery 2024-03-31 01703644 frs-core:ShareCapital 2025-03-31 01703644 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 01703644 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01703644 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 01703644 frs-bus:SmallEntities 2024-04-01 2025-03-31 01703644 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 01703644 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01703644 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 01703644 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 01703644 frs-bus:Director1 2024-04-01 2025-03-31 01703644 frs-bus:Director2 2024-04-01 2025-03-31 01703644 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 01703644 frs-countries:EnglandWales 2024-04-01 2025-03-31 01703644 2023-03-31 01703644 2024-03-31 01703644 2023-04-01 2024-03-31 01703644 frs-core:CurrentFinancialInstruments 2024-03-31 01703644 frs-core:Non-currentFinancialInstruments 2024-03-31 01703644 frs-core:ShareCapital 2024-03-31 01703644 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 01703644 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31
Registered number: 01703644
Townease Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Townease Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Townease Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 01703644

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 1,354,026 |  | 1,355,097
|  |  | 1,354,026 |  | 1,355,097
CURRENT ASSETS
Debtors | 5 | 6,929 |  | 12,111 |
Cash at bank and in hand |  | 38,857 |  | 24,223 |
|  | 45,786 |  | 36,334 |
Creditors: Amounts Falling Due Within One Year | 6 | (103,832 ) |  | (114,359 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (58,046 ) |  | (78,025 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,295,980 |  | 1,277,072
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (250,000 ) |  | (250,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (2,925 ) |  | (3,193 )
NET ASSETS |  |  | 1,043,055 |  | 1,023,879
CAPITAL AND RESERVES
Called up share capital | 8 |  | 100 |  | 100
Fair value reserve | 9 |  | 538,478 |  | 538,478
Profit and Loss Account |  |  | 504,477 |  | 485,301
SHAREHOLDERS' FUNDS |  |  | 1,043,055 |  | 1,023,879

Page 1
Page 2
Townease Limited
Balance Sheet (continued)
As At 31 March 2025
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 Michael Swift Director
6th November 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Townease Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Townease Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01703644 . The registered office is 3 Royal Crescent, Cheltenham, Gloucestershire, GL50 3DA.
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 | 10- 33% straight line

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.
2.5. 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 year 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
Townease Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets

| Investment Properties | Plant & Machinery | Total
--- | --- | --- | ---
| £ | £ | £
Cost or Valuation
As at 1 April 2024 | 1,350,000 | 41,069 | 1,391,069
As at 31 March 2025 | 1,350,000 | 41,069 | 1,391,069
Depreciation
As at 1 April 2024 | - | 35,972 | 35,972
Provided during the period | - | 1,071 | 1,071
As at 31 March 2025 | - | 37,043 | 37,043
Net Book Value
As at 31 March 2025 | 1,350,000 | 4,026 | 1,354,026
As at 1 April 2024 | 1,350,000 | 5,097 | 1,355,097

Cost or valuation as at 31 March 2025 represented by:

| Investment Properties | Plant & Machinery | Total
--- | --- | --- | ---
| £ | £ | £
At cost | 811,522 | 41,069 | 852,591
At valuation | 538,478 | - | 538,478
| 1,350,000 | 41,069 | 1,391,069

Investment property was valued on an open market basis on 31st March by the directors.
5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | - |  | 3,328
Prepayments and accrued income | 1,945 |  | 4,619
VAT | 4,984 |  | 4,164
| 6,929 |  | 12,111

Page 4
Page 5
Townease Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 110 |  | 306
Bank loans and overdrafts | - |  | 87
Corporation tax | 9,406 |  | 8,287
Other taxes and social security | 705 |  | 705
Other creditors | 2,500 |  | 2,500
Accruals and deferred income | 16,298 |  | 16,281
Directors' loan accounts | 74,813 |  | 86,193
| 103,832 |  | 114,359

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

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Directors loan account | 250,000 |  | 250,000

8. Share Capital

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

9. Reserves

| Fair Value Reserve
--- | ---
| £
As at 1 April 2024 | 538,478
As at 31 March 2025 | 538,478

Page 5