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Registered number: 00452829
Saunders Properties Trust Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 00452829
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,371 1,276
Investment Properties 5 1,766,344 1,766,344
1,767,715 1,767,620
CURRENT ASSETS
Debtors 6 5,239 5,118
Cash at bank and in hand 5,775 9,977
11,014 15,095
Creditors: Amounts Falling Due Within One Year 7 (798,108 ) (865,605 )
NET CURRENT ASSETS (LIABILITIES) (787,094 ) (850,510 )
TOTAL ASSETS LESS CURRENT LIABILITIES 980,621 917,110
Creditors: Amounts Falling Due After More Than One Year 8 (3,160 ) (8,472 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (69,021 ) (69,014 )
NET ASSETS 908,440 839,624
CAPITAL AND RESERVES
Called up share capital 10 1,002 1,002
Fair value reserve 296,597 296,597
Profit and Loss Account 610,841 542,025
SHAREHOLDERS' FUNDS 908,440 839,624
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
C J Hide
Director
27 December 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Saunders Properties Trust Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00452829 . The registered office is 31 Hillside Crescent, Enfield, Middlesex, EN2 0HP.
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 represents the fair value of rents receivable.
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 10% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33% on cost
2.4. Investment Properties
All investment properties are initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently they 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.
Deferred tax is provided on investment property gains and recognised in the profit and loss account and  fair value reserve.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include trade and other debtors, and cash and bank balances, are initially measured at their transaction price adjusted for transaction costs, (except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
...CONTINUED
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2.5. Financial Instruments - continued
Classification of financial liabilities: Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans, loans from fellow group companies, other loans and preference shares that are classified as debt, are initially recognised at their transaction price adjusted for transaction costs, (except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at their transaction price and are subsequently measured at amortised cost using the effective interest method.
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 1,636 878 1,367 3,881
Additions - - 441 441
As at 31 March 2025 1,636 878 1,808 4,322
Depreciation
As at 1 April 2024 1,062 812 731 2,605
Provided during the period 58 17 271 346
As at 31 March 2025 1,120 829 1,002 2,951
Net Book Value
As at 31 March 2025 516 49 806 1,371
As at 1 April 2024 574 66 636 1,276
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 1,766,344
If investment property had not been revalued and accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 1,401,052 1,401,052
Accumulated depreciation and impairment 6,845 6,845
Carrying amount 1,394,207 1,394,207
The fair value of the investment property has been determined by an independent, professionally-qualified valuer, Belleveue Mortlakes Chartered Surveyors, by reference to market prices as at 3 August 2021 which the directors do not consider to be materially different as at 31 March 2025.
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 5,239 5,118
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 5,311 5,180
Corporation tax 20,665 23,723
Other creditors 12,793 6,668
Accruals and deferred income 1,250 1,200
Directors' loan accounts 758,089 828,834
798,108 865,605
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 3,160 8,472
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2024 69,014 69,014
Origination and reversal of timing differences 7 7
Balance at 31 March 2025 69,021 69,021
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,002 1,002
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