Acorah Software Products - Accounts Production 16.5.460 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 10605265 Ms Natasha Brown Mr Martin Brown iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10605265 2024-02-29 10605265 2025-02-28 10605265 2024-03-01 2025-02-28 10605265 frs-core:CurrentFinancialInstruments 2025-02-28 10605265 frs-core:Non-currentFinancialInstruments 2025-02-28 10605265 frs-core:ComputerEquipment 2025-02-28 10605265 frs-core:ComputerEquipment 2024-03-01 2025-02-28 10605265 frs-core:ComputerEquipment 2024-02-29 10605265 frs-core:FurnitureFittings 2025-02-28 10605265 frs-core:FurnitureFittings 2024-03-01 2025-02-28 10605265 frs-core:FurnitureFittings 2024-02-29 10605265 frs-core:RevaluationReserve 2024-02-29 10605265 frs-core:RevaluationReserve 2025-02-28 10605265 frs-core:ShareCapital 2025-02-28 10605265 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 10605265 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 10605265 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 10605265 frs-bus:SmallEntities 2024-03-01 2025-02-28 10605265 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 10605265 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 10605265 frs-bus:Director1 2024-03-01 2025-02-28 10605265 frs-bus:Director2 2024-03-01 2025-02-28 10605265 frs-countries:EnglandWales 2024-03-01 2025-02-28 10605265 2023-02-28 10605265 2024-02-29 10605265 2023-03-01 2024-02-29 10605265 frs-core:CurrentFinancialInstruments 2024-02-29 10605265 frs-core:Non-currentFinancialInstruments 2024-02-29 10605265 frs-core:RevaluationReserve 2024-02-29 10605265 frs-core:ShareCapital 2024-02-29 10605265 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 10605265
Keystone Lettings Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10605265
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,504 2,182
Investment Properties 5 879,000 879,000
880,504 881,182
CURRENT ASSETS
Cash at bank and in hand 21,212 17,025
21,212 17,025
Creditors: Amounts Falling Due Within One Year 7 (149,249 ) (149,114 )
NET CURRENT ASSETS (LIABILITIES) (128,037 ) (132,089 )
TOTAL ASSETS LESS CURRENT LIABILITIES 752,467 749,093
Creditors: Amounts Falling Due After More Than One Year 8 (523,585 ) (523,585 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (58,294 ) (58,294 )
NET ASSETS 170,588 167,214
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 174,882 174,882
Profit and Loss Account (4,394 ) (7,768 )
SHAREHOLDERS' FUNDS 170,588 167,214
Page 1
Page 2
For the year ending 28 February 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 Martin Brown
Director
13 November 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Keystone Lettings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10605265 . The registered office is Henge Barn, Pury Hill Business Park, Alderton Road, Towcester, Northamptonshire, NN12 7LS.
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:
Fixtures & Fittings 20% Straight Line
Computer Equipment 20% 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.
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 Computer Equipment Total
£ £ £
Cost
As at 1 March 2024 1,445 1,944 3,389
As at 28 February 2025 1,445 1,944 3,389
Depreciation
As at 1 March 2024 554 653 1,207
Provided during the period 289 389 678
As at 28 February 2025 843 1,042 1,885
Net Book Value
As at 28 February 2025 602 902 1,504
As at 1 March 2024 891 1,291 2,182
Page 3
Page 4
5. Investment Property
2025
£
Fair Value
As at 1 March 2024 and 28 February 2025 879,000
6. Debtors
2025 2024
£ £
Due within one year
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 2 1
Other creditors 149,247 149,113
149,249 149,114
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 523,585 523,585
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Revaluation Reserve
£
As at 1 March 2024 174,882
As at 28 February 2025 174,882
Page 4