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Registered number: 11381682
Tersus Homes 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: 11381682
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 484,799 484,799
484,799 484,799
CURRENT ASSETS
Cash at bank and in hand 37,897 22,379
37,897 22,379
Creditors: Amounts Falling Due Within One Year 6 (140,335 ) (139,645 )
NET CURRENT ASSETS (LIABILITIES) (102,438 ) (117,266 )
TOTAL ASSETS LESS CURRENT LIABILITIES 382,361 367,533
Creditors: Amounts Falling Due After More Than One Year 7 (323,095 ) (323,095 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (4,989 ) (4,989 )
NET ASSETS 54,277 39,449
CAPITAL AND RESERVES
Called up share capital 10 1 1
Fair value reserve 21,268 21,268
Profit and Loss Account 33,008 18,180
SHAREHOLDERS' FUNDS 54,277 39,449
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 A J Town
Director
18 December 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
Tersus Homes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11381682 . The registered office is Yew Tree House, Lewes Road, Forest Row, East Sussex, RH18 5AA.
The company's principal activity continues to be that of property rentals.
2. Statement of Compliance
The financial statements have been prepared 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.
3. Accounting Policies
3.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention.
3.2. 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.
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.
3.3. 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.
3.4. Cash and Cash Equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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3.5. 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 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.
4. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
5. Tangible Assets
Investment Properties
£
Cost
As at 1 April 2024 484,799
As at 31 March 2025 484,799
Net Book Value
As at 31 March 2025 484,799
As at 1 April 2024 484,799
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 136,857 136,597
Taxation and social security 3,478 3,048
140,335 139,645
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7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 323,095 323,095
8. Loans
An analysis of the maturity of loans is given below:
2025 2024
£ £
Amounts falling due between one and five years:
Bank loans 323,095 323,095
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 4,989 4,989
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
11. Directors Advances, Credits and Guarantees
Included in other creditors due within one year is a loan from the director, Mr A J Town amounting to £134,489 (2024: £134,249) 
12. Controlling Parties
The Company was controlled throughout the current and previous period by its director, Mr A J Town, by
virtue of the fact that he owns all of the company’s ordinary issued share capital.
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