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 12059705 Mr OLASUBOMI ODANYE Mrs Omobola Odanye Mr Olamide Odanye iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12059705 2024-03-31 12059705 2025-03-31 12059705 2024-04-01 2025-03-31 12059705 frs-core:CurrentFinancialInstruments 2025-03-31 12059705 frs-core:Non-currentFinancialInstruments 2025-03-31 12059705 frs-core:PlantMachinery 2025-03-31 12059705 frs-core:PlantMachinery 2024-04-01 2025-03-31 12059705 frs-core:PlantMachinery 2024-03-31 12059705 frs-core:ShareCapital 2025-03-31 12059705 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 12059705 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12059705 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 12059705 frs-bus:SmallEntities 2024-04-01 2025-03-31 12059705 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 12059705 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 12059705 frs-bus:Director1 2024-04-01 2025-03-31 12059705 frs-bus:Director2 2024-04-01 2025-03-31 12059705 frs-bus:Director3 2024-04-01 2025-03-31 12059705 frs-core:CurrentFinancialInstruments 1 2025-03-31 12059705 frs-countries:EnglandWales 2024-04-01 2025-03-31 12059705 2023-03-31 12059705 2024-03-31 12059705 2023-04-01 2024-03-31 12059705 frs-core:CurrentFinancialInstruments 2024-03-31 12059705 frs-core:Non-currentFinancialInstruments 2024-03-31 12059705 frs-core:ShareCapital 2024-03-31 12059705 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12059705 frs-core:CurrentFinancialInstruments 1 2024-03-31
Registered number: 12059705
Bolson Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
BUTT & CO ACCOUNTANTS LTD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12059705
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 142 177
Investment Properties 5 129,000 129,000
129,142 129,177
CURRENT ASSETS
Debtors 6 3,890 1,640
Cash at bank and in hand 374 753
4,264 2,393
Creditors: Amounts Falling Due Within One Year 7 (40,518 ) (40,555 )
NET CURRENT ASSETS (LIABILITIES) (36,254 ) (38,162 )
TOTAL ASSETS LESS CURRENT LIABILITIES 92,888 91,015
Creditors: Amounts Falling Due After More Than One Year 8 (96,533 ) (96,533 )
NET LIABILITIES (3,645 ) (5,518 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (3,646 ) (5,519 )
SHAREHOLDERS' FUNDS (3,645) (5,518)
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 OLASUBOMI ODANYE
Director
12/11/2025
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
Bolson Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12059705 . The registered office is 2 North Weald Close, Hornchurch, Essex, RM12 5AQ.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 20% 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 539
As at 31 March 2025 539
Depreciation
As at 1 April 2024 362
Provided during the period 35
As at 31 March 2025 397
Net Book Value
As at 31 March 2025 142
As at 1 April 2024 177
Page 3
Page 4
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 129,000
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 3,890 1,640
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 3,190 3,190
Tenants deposit 1,600 1,600
Accruals and deferred income 300 337
Directors' loan accounts 35,428 35,428
40,518 40,555
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 96,533 96,533
The company has allowed a legal charge over the company's assets including the investment property with a carrying amount of £99,724 as security for the mortgage loans
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 4