Acorah Software Products - Accounts Production 16.8.200 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 09002883 Mr Lee Brockhouse Mr Peter Brockhouse iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09002883 2024-04-30 09002883 2025-04-30 09002883 2024-05-01 2025-04-30 09002883 frs-core:CurrentFinancialInstruments 2025-04-30 09002883 frs-core:Non-currentFinancialInstruments 2025-04-30 09002883 frs-core:BetweenOneFiveYears 2025-04-30 09002883 frs-core:ComputerEquipment 2025-04-30 09002883 frs-core:ComputerEquipment 2024-05-01 2025-04-30 09002883 frs-core:ComputerEquipment 2024-04-30 09002883 frs-core:FurnitureFittings 2024-05-01 2025-04-30 09002883 frs-core:MotorVehicles 2025-04-30 09002883 frs-core:MotorVehicles 2024-05-01 2025-04-30 09002883 frs-core:MotorVehicles 2024-04-30 09002883 frs-core:PlantMachinery 2024-05-01 2025-04-30 09002883 frs-core:WithinOneYear 2025-04-30 09002883 frs-core:ShareCapital 2025-04-30 09002883 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 09002883 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 09002883 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 09002883 frs-bus:SmallEntities 2024-05-01 2025-04-30 09002883 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 09002883 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 09002883 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-04-30 09002883 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-04-30 09002883 frs-bus:Director1 2024-05-01 2025-04-30 09002883 frs-bus:Director2 2024-05-01 2025-04-30 09002883 frs-countries:EnglandWales 2024-05-01 2025-04-30 09002883 2023-04-30 09002883 2024-04-30 09002883 2023-05-01 2024-04-30 09002883 frs-core:CurrentFinancialInstruments 2024-04-30 09002883 frs-core:Non-currentFinancialInstruments 2024-04-30 09002883 frs-core:BetweenOneFiveYears 2024-04-30 09002883 frs-core:WithinOneYear 2024-04-30 09002883 frs-core:ShareCapital 2024-04-30 09002883 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 09002883 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-04-30
Registered number: 09002883
Baluga Properties Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
SFB Group Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09002883
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 75,956 33,330
Investment Properties 5 5,432,588 5,432,588
5,508,544 5,465,918
CURRENT ASSETS
Debtors 6 4,072 5,805
Cash at bank and in hand 6,412 4,178
10,484 9,983
Creditors: Amounts Falling Due Within One Year 7 (3,391,418 ) (3,505,190 )
NET CURRENT ASSETS (LIABILITIES) (3,380,934 ) (3,495,207 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,127,610 1,970,711
Creditors: Amounts Falling Due After More Than One Year 8 (929,962 ) (905,237 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (43,042 ) (32,347 )
NET ASSETS 1,154,606 1,033,127
CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 102,540 102,540
Profit and Loss Account 1,051,966 930,487
SHAREHOLDERS' FUNDS 1,154,606 1,033,127
Page 1
Page 2
For the year ending 30 April 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 Lee Brockhouse
Director
20 November 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
Baluga Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09002883 . The registered office is 246 The Long Shoot, Nuneaton, Warwickshire, CV11 6JN.
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 10% RB
Motor Vehicles 25% RB
Fixtures & Fittings 10% RB
Computer Equipment 25% RB
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. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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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
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 May 2024 83,608 2,628 86,236
Additions 67,945 - 67,945
As at 30 April 2025 151,553 2,628 154,181
Depreciation
As at 1 May 2024 51,946 960 52,906
Provided during the period 24,902 417 25,319
As at 30 April 2025 76,848 1,377 78,225
Net Book Value
As at 30 April 2025 74,705 1,251 75,956
As at 1 May 2024 31,662 1,668 33,330
5. Investment Property
2025
£
Fair Value
As at 1 May 2024 and 30 April 2025 5,432,588
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 4,072 5,805
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 28,101 14,761
Bank loans and overdrafts 14,192 13,267
Other creditors 3,321,868 3,440,175
Taxation and social security 27,257 36,987
3,391,418 3,505,190
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 50,915 11,073
Bank loans 879,047 894,164
929,962 905,237
9. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 893,239 907,431
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 28,101 14,761
Later than one year and not later than five years 50,915 11,073
79,016 25,834
79,016 25,834
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
12. Reserves
Fair Value Reserve
£
As at 1 May 2024 102,540
As at 30 April 2025 102,540
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