Acorah Software Products - Accounts Production 16.7.461 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 12590782 Mr Spencer Gilbert Mr Perry Rose Gilbert & Rose Holdings Ltd MSB House, 35 Websters Way, Rayleigh, Essex, SS6 8JQ. true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12590782 2024-03-31 12590782 2025-03-31 12590782 2024-04-01 2025-03-31 12590782 frs-core:CurrentFinancialInstruments 2025-03-31 12590782 frs-core:Non-currentFinancialInstruments 2025-03-31 12590782 frs-core:ComputerEquipment 2025-03-31 12590782 frs-core:ComputerEquipment 2024-04-01 2025-03-31 12590782 frs-core:ComputerEquipment 2024-03-31 12590782 frs-core:FurnitureFittings 2025-03-31 12590782 frs-core:FurnitureFittings 2024-04-01 2025-03-31 12590782 frs-core:FurnitureFittings 2024-03-31 12590782 frs-core:NetGoodwill 2025-03-31 12590782 frs-core:NetGoodwill 2024-04-01 2025-03-31 12590782 frs-core:NetGoodwill 2024-03-31 12590782 frs-core:ShareCapital 2025-03-31 12590782 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 12590782 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12590782 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 12590782 frs-bus:SmallEntities 2024-04-01 2025-03-31 12590782 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 12590782 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 12590782 1 2024-04-01 2025-03-31 12590782 frs-bus:Director1 2024-04-01 2025-03-31 12590782 frs-bus:Director1 2024-03-31 12590782 frs-bus:Director1 2025-03-31 12590782 frs-bus:Director2 2024-04-01 2025-03-31 12590782 frs-bus:Director2 2024-03-31 12590782 frs-bus:Director2 2025-03-31 12590782 frs-core:CurrentFinancialInstruments 1 2025-03-31 12590782 frs-core:CurrentFinancialInstruments 2 2025-03-31 12590782 frs-core:CurrentFinancialInstruments 3 2025-03-31 12590782 frs-core:CurrentFinancialInstruments 4 2025-03-31 12590782 frs-core:CurrentFinancialInstruments 5 2025-03-31 12590782 frs-countries:EnglandWales 2024-04-01 2025-03-31 12590782 2023-03-31 12590782 2024-03-31 12590782 2023-04-01 2024-03-31 12590782 frs-core:CurrentFinancialInstruments 2024-03-31 12590782 frs-core:Non-currentFinancialInstruments 2024-03-31 12590782 frs-core:ShareCapital 2024-03-31 12590782 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12590782 frs-core:CurrentFinancialInstruments 1 2024-03-31 12590782 frs-core:CurrentFinancialInstruments 2 2024-03-31 12590782 frs-core:CurrentFinancialInstruments 3 2024-03-31 12590782 frs-core:CurrentFinancialInstruments 4 2024-03-31 12590782 frs-core:CurrentFinancialInstruments 5 2024-03-31
Registered number: 12590782
Gilbert & Rose Lettings Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
MSB Rayleigh
MSB House
35 Websters Way
Rayleigh
Essex
SS6 8JQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12590782
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 241,369 214,496
Tangible Assets 5 3,234 898
244,603 215,394
CURRENT ASSETS
Debtors 6 248,244 27,780
Cash at bank and in hand 395,049 372,918
643,293 400,698
Creditors: Amounts Falling Due Within One Year 7 (810,828 ) (573,688 )
NET CURRENT ASSETS (LIABILITIES) (167,535 ) (172,990 )
TOTAL ASSETS LESS CURRENT LIABILITIES 77,068 42,404
Creditors: Amounts Falling Due After More Than One Year 8 (68,750 ) (150,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (809 ) -
NET ASSETS/(LIABILITIES) 7,509 (107,596 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 7,409 (107,696 )
SHAREHOLDERS' FUNDS 7,509 (107,596)
Page 1
Page 2
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 Spencer Gilbert
Director
Mr Perry Rose
Director
29/08/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Gilbert & Rose Lettings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12590782 . The registered office is 35 Websters Way, Rayleigh, Essex, SS6 8JQ.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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% Reducing Balance
Computer Equipment 25% Reducing Balance
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 7)
8 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 223,410
Additions 48,750
As at 31 March 2025 272,160
Amortisation
As at 1 April 2024 8,914
Provided during the period 21,877
As at 31 March 2025 30,791
Net Book Value
As at 31 March 2025 241,369
As at 1 April 2024 214,496
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 531 712 1,243
Additions 169 2,531 2,700
As at 31 March 2025 700 3,243 3,943
Depreciation
As at 1 April 2024 78 267 345
Provided during the period 136 228 364
As at 31 March 2025 214 495 709
Net Book Value
As at 31 March 2025 486 2,748 3,234
As at 1 April 2024 453 445 898
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,657 2,593
Other debtors 504 504
Other debtors - Prime corporation tax 5,902 -
Prime - group debtor 213,498 -
Directors' loan accounts 4,690 4,690
Amounts owed by associates 19,993 19,993
248,244 27,780
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 87,886 21,864
Corporation tax 19,514 -
Other taxes and social security 6,167 5,559
VAT 32,634 17,639
Pension fund 1,166 1,268
Other creditors (3) 11,451 7,855
Other creditors - Bank client account 380,756 320,268
Other creditors - G&R Sales goodwill loan 77,160 77,160
Accruals and deferred income 31,764 3,495
Amounts owed to associates 162,330 118,580
810,828 573,688
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 68,750 150,000
9. Secured Creditors
Of the creditors the following amounts are secured, these are secured against all of the assets, property and undertaking of Gilbert & Rose Lettings Ltd.
2025 2024
£ £
Bank loans and overdrafts - 150,000
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Spencer Gilbert 2,345 - - - 2,345
Mr Perry Rose 2,345 - - - 2,345
The above loan is unsecured, interest free and repayable on demand.
12. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Gilbert & Rose Holdings Ltd . Gilbert & Rose Holdings Ltd was incorporated in Engalnd & Wales. The ultimate controlling party is Gilbert & Rose Holdings Ltd who controls 100% of the shares of Gilbert & Rose Lettings Ltd .
Page 5