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 11241835 Mr Ian Spence Mrs Lindsay Spence iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11241835 2024-03-31 11241835 2025-03-31 11241835 2024-04-01 2025-03-31 11241835 frs-core:Non-currentFinancialInstruments 2025-03-31 11241835 frs-core:FurnitureFittings 2024-04-01 2025-03-31 11241835 frs-core:RevaluationReserve 2024-03-31 11241835 frs-core:RevaluationReserve 2025-03-31 11241835 frs-core:ShareCapital 2025-03-31 11241835 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 11241835 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11241835 frs-bus:AbridgedAccounts 2024-04-01 2025-03-31 11241835 frs-bus:SmallEntities 2024-04-01 2025-03-31 11241835 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11241835 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11241835 frs-bus:Director1 2024-04-01 2025-03-31 11241835 frs-bus:Director2 2024-04-01 2025-03-31 11241835 frs-countries:EnglandWales 2024-04-01 2025-03-31 11241835 2023-03-31 11241835 2024-03-31 11241835 2023-04-01 2024-03-31 11241835 frs-core:Non-currentFinancialInstruments 2024-03-31 11241835 frs-core:RevaluationReserve 2024-03-31 11241835 frs-core:ShareCapital 2024-03-31 11241835 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 11241835
Spence Property Solutions Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 11241835
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,395 7,003
Investment Properties 5 1,056,758 633,603
1,063,153 640,606
CURRENT ASSETS
Debtors 21,391 14,396
Cash at bank and in hand 3,340 134,214
24,731 148,610
Creditors: Amounts Falling Due Within One Year (250,701 ) (251,954 )
NET CURRENT ASSETS (LIABILITIES) (225,970 ) (103,344 )
TOTAL ASSETS LESS CURRENT LIABILITIES 837,183 537,262
Creditors: Amounts Falling Due After More Than One Year (891,048 ) (534,733 )
NET (LIABILITIES)/ASSETS (53,865 ) 2,529
CAPITAL AND RESERVES
Called up share capital 6 100 100
Revaluation reserve 7 21,689 21,689
Profit and Loss Account (75,654 ) (19,260 )
SHAREHOLDERS' FUNDS (53,865) 2,529
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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Ian Spence
Director
16th December 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Spence Property Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11241835 . The registered office is 88 Plymouth Road, Buckfastleigh, Devon, TQ11 0DG.
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% - 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  2 (2024: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Total
£
Cost
As at 1 April 2024 15,746
Additions 865
As at 31 March 2025 16,611
Depreciation
As at 1 April 2024 8,743
Provided during the period 1,473
As at 31 March 2025 10,216
Net Book Value
As at 31 March 2025 6,395
As at 1 April 2024 7,003
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 633,603
Additions 423,155
As at 31 March 2025 1,056,758
6. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
7. Reserves
Revaluation Reserve
£
As at 1 April 2024 21,689
As at 31 March 2025 21,689
Page 4