Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 NI055999 Mr Robert Dobson Mr James Dobson Mrs Karen Heggarty Mr Charles Heggarty Mr Charles Heggarty iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI055999 2024-03-31 NI055999 2025-03-31 NI055999 2024-04-01 2025-03-31 NI055999 frs-core:CurrentFinancialInstruments 2025-03-31 NI055999 frs-core:ComputerEquipment 2024-04-01 2025-03-31 NI055999 frs-core:FurnitureFittings 2024-04-01 2025-03-31 NI055999 frs-core:PlantMachinery 2024-04-01 2025-03-31 NI055999 frs-core:ShareCapital 2025-03-31 NI055999 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 NI055999 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 NI055999 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 NI055999 frs-bus:SmallEntities 2024-04-01 2025-03-31 NI055999 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 NI055999 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 NI055999 frs-bus:Director1 2024-04-01 2025-03-31 NI055999 frs-bus:Director2 2024-04-01 2025-03-31 NI055999 frs-bus:Director3 2024-04-01 2025-03-31 NI055999 frs-bus:Director4 2024-04-01 2025-03-31 NI055999 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 NI055999 frs-countries:NorthernIreland 2024-04-01 2025-03-31 NI055999 2023-03-31 NI055999 2024-03-31 NI055999 2023-04-01 2024-03-31 NI055999 frs-core:CurrentFinancialInstruments 2024-03-31 NI055999 frs-core:ShareCapital 2024-03-31 NI055999 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: NI055999
Woodside Business Park (Ballymena) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI055999
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,940,100 1,590,769
1,940,100 1,590,769
CURRENT ASSETS
Debtors 5 77,534 47,553
Cash at bank and in hand 388,048 257,266
465,582 304,819
Creditors: Amounts Falling Due Within One Year 6 (90,663 ) (54,594 )
NET CURRENT ASSETS (LIABILITIES) 374,919 250,225
TOTAL ASSETS LESS CURRENT LIABILITIES 2,315,019 1,840,994
NET ASSETS 2,315,019 1,840,994
CAPITAL AND RESERVES
Called up share capital 7 4 4
Profit and Loss Account 2,315,015 1,840,990
SHAREHOLDERS' FUNDS 2,315,019 1,840,994
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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 Robert Dobson
Director
12/12/2025
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
Woodside Business Park (Ballymena) Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI055999 . The registered office is 40 Killysorrell Road, Ashfield, DROMORE, Co Down, BT25 1LB.
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 Nil
Fixtures & Fittings Nil
Computer Equipment Nil
2.4. Investment Properties
Investment properties are carried at fair value determined annually by the directors using the investment method of valuation. The fair value at 31 March 2025 has been determined by reference to current market rents and capitalisation rates for comparable properties, adjusted for the specific characteristics of the property including location, tenant covenant strength, and condition.
The valuation has been prepared on a directors' estimate basis and has not been subject to independent valuation. A capitalisation rate of 8.0% has been applied to net rental income, reflecting the property's secondary Northern Ireland location, multi-let nature, and mixed tenant profile.
The fair value incorporates an adjustment of £200,000 for anticipated capital expenditure relating to roof repairs which are expected to be required within the next 12-24 months.
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 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: 4 (2024: 4)
4 4
4. Investment Property
2025
£
Fair Value
As at 1 April 2024 1,590,769
Additions 4,575
Fair value adjustments 344,756
As at 31 March 2025 1,940,100
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 62,560 44,810
Prepayments and accrued income - 2,083
Other debtors 14,974 660
77,534 47,553
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 5,085 -
Corporation tax 42,122 35,381
VAT 5,519 4,521
Other creditors 27,425 13,548
Accruals and deferred income 10,512 1,144
90,663 54,594
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 4 4
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