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 02204861 Mrs Margaret Francis Mr Antony Francis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02204861 2024-03-31 02204861 2025-03-31 02204861 2024-04-01 2025-03-31 02204861 frs-core:CurrentFinancialInstruments 2025-03-31 02204861 frs-core:Non-currentFinancialInstruments 2025-03-31 02204861 frs-core:MotorVehicles 2024-04-01 2025-03-31 02204861 frs-core:PlantMachinery 2025-03-31 02204861 frs-core:PlantMachinery 2024-04-01 2025-03-31 02204861 frs-core:PlantMachinery 2024-03-31 02204861 frs-core:RevaluationReserve 2024-03-31 02204861 frs-core:RevaluationReserve 2025-03-31 02204861 frs-core:ShareCapital 2025-03-31 02204861 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 02204861 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02204861 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 02204861 frs-bus:SmallEntities 2024-04-01 2025-03-31 02204861 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 02204861 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02204861 frs-core:CostValuation 2024-03-31 02204861 frs-core:CostValuation 2025-03-31 02204861 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 02204861 frs-core:ProvisionsForImpairmentInvestments 2025-03-31 02204861 frs-bus:Director1 2024-04-01 2025-03-31 02204861 frs-bus:Director2 2024-04-01 2025-03-31 02204861 frs-countries:EnglandWales 2024-04-01 2025-03-31 02204861 2023-03-31 02204861 2024-03-31 02204861 2023-04-01 2024-03-31 02204861 frs-core:CurrentFinancialInstruments 2024-03-31 02204861 frs-core:Non-currentFinancialInstruments 2024-03-31 02204861 frs-core:RevaluationReserve 2024-03-31 02204861 frs-core:ShareCapital 2024-03-31 02204861 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 02204861
Naveacre Limited
Financial Statements
For The Year Ended 31 March 2025
Boyett Mayes Limited
The Stables, Moneys Farm
Bottle Lane
Mattingley
Hampshire
RG27 8LJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02204861
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 89,636 118,787
Investment Properties 5 1,500,000 1,500,000
Investments 6 38,264 38,264
1,627,900 1,657,051
CURRENT ASSETS
Debtors 7 13,159 12,892
Investments 8 1,836 1,836
Cash at bank and in hand 59,031 72,977
74,026 87,705
Creditors: Amounts Falling Due Within One Year 9 (72,865 ) (100,838 )
NET CURRENT ASSETS (LIABILITIES) 1,161 (13,133 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,629,061 1,643,918
Creditors: Amounts Falling Due After More Than One Year 10 (224,429 ) (232,785 )
NET ASSETS 1,404,632 1,411,133
CAPITAL AND RESERVES
Called up share capital 11 566,338 566,338
Revaluation reserve 12 783,865 783,865
Profit and Loss Account 54,429 60,930
SHAREHOLDERS' FUNDS 1,404,632 1,411,133
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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 Antony Francis
Director
16th October 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Naveacre Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02204861 . The registered office is The Stables, Moneys Farm, Bottle Lane, Mattingley, Hook, Hampshire, RG27 8LJ.
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% Reducing Balance
Motor Vehicles 25% Reducing Balance
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.
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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 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: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 211,040
Additions 582
As at 31 March 2025 211,622
Depreciation
As at 1 April 2024 92,253
Provided during the period 29,733
As at 31 March 2025 121,986
Net Book Value
As at 31 March 2025 89,636
As at 1 April 2024 118,787
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5. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 1,500,000
6. Investments
Subsidiaries
£
Cost or Valuation
As at 1 April 2024 38,264
As at 31 March 2025 38,264
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 38,264
As at 1 April 2024 38,264
Investments represent 75% of the equity of Innjoy Limited. The Trading company is operating as The New Inn, Heckfield. 
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 10,457 9,857
Other debtors 2,702 3,035
13,159 12,892
8. Current Asset Investments
2025 2024
£ £
Shares in subsidiaries 1,836 1,836
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9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 35,184 46,004
Bank loans and overdrafts 16,151 15,552
Amounts owed to group undertakings 15,682 35,183
Other creditors 2,776 1,200
Taxation and social security 3,072 2,899
72,865 100,838
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 193,818 202,174
Amounts owed to participating interests 30,611 30,611
224,429 232,785
Amounts due to related parties represent sums to be paid for the purchase of shares in the subsidiary company Innjoy Limited.
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 566,338 566,338
12. Reserves
Revaluation Reserve
£
As at 1 April 2024 783,865
As at 31 March 2025 783,865
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