Acorah Software Products - Accounts Production 16.7.461 false true 30 September 2024 1 October 2023 false 1 October 2024 30 September 2025 30 September 2025 03093482 Mr Nicholas Lewis Mr Brian Lewis Mr Edward Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03093482 2024-09-30 03093482 2025-09-30 03093482 2024-10-01 2025-09-30 03093482 frs-core:CurrentFinancialInstruments 2025-09-30 03093482 frs-core:Non-currentFinancialInstruments 2025-09-30 03093482 frs-core:RevaluationReserve 2024-09-30 03093482 frs-core:RevaluationReserve 2025-09-30 03093482 frs-core:ShareCapital 2025-09-30 03093482 frs-core:RetainedEarningsAccumulatedLosses 2024-10-01 2025-09-30 03093482 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-09-30 03093482 frs-core:RetainedEarningsAccumulatedLosses 2025-09-30 03093482 frs-bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 03093482 frs-bus:FilletedAccounts 2024-10-01 2025-09-30 03093482 frs-bus:SmallEntities 2024-10-01 2025-09-30 03093482 frs-bus:AuditExempt-NoAccountantsReport 2024-10-01 2025-09-30 03093482 frs-bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 03093482 frs-bus:OrdinaryShareClass1 2024-10-01 2025-09-30 03093482 frs-bus:OrdinaryShareClass1 2025-09-30 03093482 frs-bus:Director1 2024-10-01 2025-09-30 03093482 frs-bus:Director2 2024-10-01 2025-09-30 03093482 frs-bus:Director3 2024-10-01 2025-09-30 03093482 frs-countries:EnglandWales 2024-10-01 2025-09-30 03093482 2023-09-30 03093482 2024-09-30 03093482 2023-10-01 2024-09-30 03093482 frs-core:CurrentFinancialInstruments 2024-09-30 03093482 frs-core:Non-currentFinancialInstruments 2024-09-30 03093482 frs-core:RevaluationReserve 2024-09-30 03093482 frs-core:ShareCapital 2024-09-30 03093482 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 03093482 frs-bus:OrdinaryShareClass1 2023-10-01 2024-09-30
Registered number: 03093482
Silk Developments Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2025
Axis Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03093482
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,718,482 1,718,482
1,718,482 1,718,482
CURRENT ASSETS
Debtors 5 211,131 201,316
Cash at bank and in hand 38,347 45,276
249,478 246,592
Creditors: Amounts Falling Due Within One Year 6 (31,753 ) (78,357 )
NET CURRENT ASSETS (LIABILITIES) 217,725 168,235
TOTAL ASSETS LESS CURRENT LIABILITIES 1,936,207 1,886,717
Creditors: Amounts Falling Due After More Than One Year 7 (390,000 ) (365,225 )
NET ASSETS 1,546,207 1,521,492
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 1,163,880 1,163,880
Profit and Loss Account 382,227 357,512
SHAREHOLDERS' FUNDS 1,546,207 1,521,492
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For the year ending 30 September 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 Nicholas Lewis
Director
07/11/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Silk Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03093482 . The registered office is 19 Chestergate, Macclesfield, Cheshire, SK11 6BX.
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 comprises the invoiced value of rents and goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. 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.
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Investment Property
2025
£
Fair Value
As at 1 October 2024 and 30 September 2025 1,718,482
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5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 20,951 23,071
Prepayments and accrued income 11,518 15,612
Other debtors 28,500 28,500
Directors' loan accounts 28,500 28,500
Amounts owed by associates 121,662 105,633
211,131 201,316
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 2,323 2,419
Bank loans and overdrafts 6,417 38,192
Corporation tax 13,234 16,954
VAT 7,445 9,479
Other creditors 1,125 1,125
Accruals and deferred income 1,209 10,188
31,753 78,357
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 390,000 365,225
8. Share Capital
2025 2024
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
9. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 October 2024 1,163,880 357,512
Profit for the year and total comprehensive income - 50,965
Dividends paid - (26,250)
As at 30 September 2025 1,163,880 382,227
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10. Related Party Transactions
Estates and Leisure Holdings Ltd
Estates and Leisure Holdings Ltd is a corporate shareholder of the company.
The company paid a dividend of £8,750 to this company during the year. The amount due from the related party at the balance sheet date was £83,500.
GTL Limited 
A company with shareholders in common. 
The company incurred a management charge of £14,940 from GTL Limited during the year. At the balance sheet date the amount due from the related party was £38162.
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