Acorah Software Products - Accounts Production 16.8.310 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 11377615 Mr N H Dermott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11377615 2024-03-31 11377615 2025-03-31 11377615 2024-04-01 2025-03-31 11377615 frs-core:CurrentFinancialInstruments 2025-03-31 11377615 frs-core:Non-currentFinancialInstruments 2025-03-31 11377615 frs-core:ShareCapital 2025-03-31 11377615 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 11377615 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11377615 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 11377615 frs-bus:SmallEntities 2024-04-01 2025-03-31 11377615 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11377615 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11377615 frs-bus:Director1 2024-04-01 2025-03-31 11377615 frs-bus:Director1 2024-03-31 11377615 frs-bus:Director1 2025-03-31 11377615 frs-countries:EnglandWales 2024-04-01 2025-03-31 11377615 2023-03-31 11377615 2024-03-31 11377615 2023-04-01 2024-03-31 11377615 frs-core:CurrentFinancialInstruments 2024-03-31 11377615 frs-core:Non-currentFinancialInstruments 2024-03-31 11377615 frs-core:ShareCapital 2024-03-31 11377615 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 11377615
Dermott Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Harpers Accountancy LLP
PO Box 293
Lewes
BN7 9PG
Dermott Properties Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Dermott Properties Ltd
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 11377615

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investment Properties | 4 |  | 245,331 |  | 245,331
|  |  | 245,331 |  | 245,331
CURRENT ASSETS
Debtors | 5 | 79,788 |  | 58,416 |
Cash at bank and in hand |  | 1,761 |  | 12,421 |
|  | 81,549 |  | 70,837 |
Creditors: Amounts Falling Due Within One Year | 6 | (147,424 ) |  | (100,423 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (65,875 ) |  | (29,586 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 179,456 |  | 215,745
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (227,088 ) |  | (241,367 )
NET LIABILITIES |  |  | (47,632 ) |  | (25,622 )
CAPITAL AND RESERVES
Called up share capital | 8 |  | 100 |  | 100
Profit and Loss Account |  |  | (47,732 ) |  | (25,722 )
SHAREHOLDERS' FUNDS |  |  | (47,632) |  | (25,622)

Page 1
Page 2
Dermott Properties Ltd
Balance Sheet (continued)
As At 31 March 2025
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 N H Dermott Director
23/03/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Dermott Properties Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Dermott Properties Ltd is a private company, limited by shares, registered in England & Wales, registered number 11377615 . The address of the registered office is 3 Queen Square, London, WC1N 3AR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
2.2. Going Concern Disclosure
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.
The company's accounts have been prepared as a going concern on the basis of the continuing support of the company's directors.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
2.4. Investment Properties
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
2.5. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
...CONTINUED
Page 3
Page 4
Dermott Properties Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.5. Financial Instruments - continued
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
2.6. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 April 2024 and 31 March 2025 | 245,331

Page 4
Page 5
Dermott Properties Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 79,788 |  | 58,416

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 13,756 |  | 13,228
Amounts owed to group undertakings | 106,773 |  | 79,210
Other creditors | 6,828 |  | 7,985
Taxation and social security | 20,067 |  | -
| 147,424 |  | 100,423

7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 227,088 |  | 241,367

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 April 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 March 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Neil Dermott | 58,154 | 1,304 | - | - | 59,458

The above loan is unsecured, subject to interest at HMRC official rate of interest and repayable on demand.
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