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 09268755 J Marriott A Marriott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09268755 2024-03-31 09268755 2025-03-31 09268755 2024-04-01 2025-03-31 09268755 frs-core:CurrentFinancialInstruments 2025-03-31 09268755 frs-core:Non-currentFinancialInstruments 2025-03-31 09268755 frs-core:ComputerEquipment 2025-03-31 09268755 frs-core:ComputerEquipment 2024-04-01 2025-03-31 09268755 frs-core:ComputerEquipment 2024-03-31 09268755 frs-core:MotorVehicles 2025-03-31 09268755 frs-core:MotorVehicles 2024-04-01 2025-03-31 09268755 frs-core:MotorVehicles 2024-03-31 09268755 frs-core:PlantMachinery 2025-03-31 09268755 frs-core:PlantMachinery 2024-04-01 2025-03-31 09268755 frs-core:PlantMachinery 2024-03-31 09268755 frs-core:ShareCapital 2025-03-31 09268755 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 09268755 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09268755 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 09268755 frs-bus:SmallEntities 2024-04-01 2025-03-31 09268755 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09268755 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09268755 frs-core:DeferredTaxation 2024-04-01 2025-03-31 09268755 frs-core:DeferredTaxation 2024-03-31 09268755 frs-core:DeferredTaxation 2025-03-31 09268755 frs-bus:Director1 2024-04-01 2025-03-31 09268755 frs-bus:Director2 2024-04-01 2025-03-31 09268755 frs-countries:EnglandWales 2024-04-01 2025-03-31 09268755 2023-03-31 09268755 2024-03-31 09268755 2023-04-01 2024-03-31 09268755 frs-core:CurrentFinancialInstruments 2024-03-31 09268755 frs-core:Non-currentFinancialInstruments 2024-03-31 09268755 frs-core:ShareCapital 2024-03-31 09268755 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 09268755
Double M Development Ltd
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: 09268755
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,095 13,759
Investment Properties 5 2,498,924 2,348,879
2,510,019 2,362,638
CURRENT ASSETS
Debtors 6 26,966 21,890
Cash at bank and in hand 47,524 6,557
74,490 28,447
Creditors: Amounts Falling Due Within One Year 7 (41,010 ) (40,310 )
NET CURRENT ASSETS (LIABILITIES) 33,480 (11,863 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,543,499 2,350,775
Creditors: Amounts Falling Due After More Than One Year 8 (1,878,515 ) (1,806,580 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (133,729 ) (104,399 )
NET ASSETS 531,255 439,796
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 531,155 439,696
SHAREHOLDERS' FUNDS 531,255 439,796
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
J Marriott
Director
17 December 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
Double M Development Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09268755 . The registered office is Courtfield Church Road, Longhope, GL17 0LG.
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 20% Reducing balance
Motor Vehicles 20% Reducing balance
Computer Equipment 20% Straight line method
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.
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
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 2)
1 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 April 2024 976 17,500 4,814 23,290
Additions - - 522 522
As at 31 March 2025 976 17,500 5,336 23,812
Depreciation
As at 1 April 2024 851 6,570 2,110 9,531
Provided during the period 25 2,186 975 3,186
As at 31 March 2025 876 8,756 3,085 12,717
Net Book Value
As at 31 March 2025 100 8,744 2,251 11,095
As at 1 April 2024 125 10,930 2,704 13,759
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 2,348,879
Additions 30,741
Fair value adjustments 119,304
As at 31 March 2025 2,498,924
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 1,832,733 1,801,994
The fair value of the investment properties at 31 March 2025 was determined by the directors. The valuation was based on the directors' assessment of open market value, taking into account recent local market transactions and the condition of the properties. The directors are not independent valuers.
6. Debtors
2025 2024
£ £
Due within one year
Amounts owed by group undertakings 14,036 7,016
Other debtors 12,930 14,874
26,966 21,890
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other loans 532 1,598
Other creditors 31,330 30,925
Taxation and social security 9,148 7,787
41,010 40,310
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,878,515 1,806,580
All bank loans are secured against the investment properties held by the company.
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2024 104,399 104,399
Deferred taxation 29,330 29,330
Balance at 31 March 2025 133,729 133,729
The provision relates to the revaluation of investment properties to fair value as at 31 March 2025. This liability represents the Corporation Tax that would be payable if the properties were sold at the reporting date valuation.
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5