Acorah Software Products - Accounts Production 18.1.170 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 10237444 Ms Orit Lev Mr Chen Lev iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10237444 2024-03-31 10237444 2025-03-31 10237444 2024-04-01 2025-03-31 10237444 frs-core:CurrentFinancialInstruments 2025-03-31 10237444 frs-core:Non-currentFinancialInstruments 2025-03-31 10237444 frs-core:FurnitureFittings 2025-03-31 10237444 frs-core:FurnitureFittings 2024-04-01 2025-03-31 10237444 frs-core:FurnitureFittings 2024-03-31 10237444 frs-core:ShareCapital 2025-03-31 10237444 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 10237444 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10237444 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 10237444 frs-bus:SmallEntities 2024-04-01 2025-03-31 10237444 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10237444 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10237444 frs-core:UnlistedNon-exchangeTraded 2025-03-31 10237444 frs-core:UnlistedNon-exchangeTraded 2024-03-31 10237444 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 10237444 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-03-31 10237444 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 10237444 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 10237444 frs-bus:Director1 2024-04-01 2025-03-31 10237444 frs-bus:Director2 2024-04-01 2025-03-31 10237444 frs-countries:EnglandWales 2024-04-01 2025-03-31 10237444 2023-03-31 10237444 2024-03-31 10237444 2023-04-01 2024-03-31 10237444 frs-core:CurrentFinancialInstruments 2024-03-31 10237444 frs-core:Non-currentFinancialInstruments 2024-03-31 10237444 frs-core:ShareCapital 2024-03-31 10237444 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 10237444
Lev Properties Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Lev Properties Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Lev Properties Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 10237444

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 729 |  | 972
Investment Properties | 5 |  | 698,570 |  | 698,570
Investments | 6 |  | 110 |  | 110
|  |  | 699,409 |  | 699,652
CURRENT ASSETS
Debtors | 7 | 596,202 |  | 1,028,459 |
Cash at bank and in hand |  | 746,435 |  | 299,947 |
|  | 1,342,637 |  | 1,328,406 |
Creditors: Amounts Falling Due Within One Year | 8 | (1,285,894 ) |  | (1,272,102 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 56,743 |  | 56,304
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 756,152 |  | 755,956
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (523,509 ) |  | (533,509 )
NET ASSETS |  |  | 232,643 |  | 222,447
CAPITAL AND RESERVES
Called up share capital | 10 |  | 100 |  | 100
Profit and Loss Account |  |  | 232,543 |  | 222,347
SHAREHOLDERS' FUNDS |  |  | 232,643 |  | 222,447

Page 1
Page 2
Lev Properties Limited
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 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

Ms Orit Lev Director
26/02/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Lev Properties Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Lev Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10237444 . The registered office is 78 Queens Road, Watford, WD17 2LA.
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 Rental income and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rental Income
The company recognises rental income from its residential investment properties within its turnover. This income arises through operating leases on the residential properties and is recognised on a systematic basis that mirrors the pattern in which the benefits derived by the lessee are consumed over the term of the lease, typically on a straight-line basis unless another systematic basis is more representative.
The leases for these residential properties are of a short-term nature, with an average duration of 12 months and income is recorded gross in it's trunover.
Direct expenses relating to residential properties that generated rental income during the period are recorded under 'Cost of slaes and Administrative expenses' in the income statement.
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:

Fixtures & Fittings | 25% Reducing balance

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.
Page 3
Page 4
Lev Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
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 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.
2.6. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
2.7. Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.
2.8. Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
Investments in associates are measured at cost less impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets

| Fixtures & Fittings
--- | ---
| £
Cost
As at 1 April 2024 | 4,801
As at 31 March 2025 | 4,801
Depreciation
As at 1 April 2024 | 3,829
Provided during the period | 243
As at 31 March 2025 | 4,072

...CONTINUED
Page 4
Page 5
Lev Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025 | 729
As at 1 April 2024 | 972

5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 April 2024 and 31 March 2025 | 698,570

6. Investments

| Unlisted
--- | ---
| £
Cost or Valuation
As at 1 April 2024 | 110
As at 31 March 2025 | 110
Provision
As at 1 April 2024 | -
As at 31 March 2025 | -
Net Book Value
As at 31 March 2025 | 110
As at 1 April 2024 | 110

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | - |  | 18,485
Due after more than one year
Trade debtors | 8,002 |  | 8,002
Amounts owed by group undertakings | 588,200 |  | 1,001,972
| 596,202 |  | 1,009,974
| 596,202 |  | 1,028,459

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 8,371 |  | 8,370
Amounts owed to group undertakings | 834,975 |  | 843,514
Other creditors | 265,615 |  | 254,627
Taxation and social security | 176,933 |  | 165,591
| 1,285,894 |  | 1,272,102

Page 5
Page 6
Lev Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 523,509 |  | 533,509

Bank loans and overdrafts totalling £523,671 (2024: £533,671) are secured against the investment properties, fixture, and fittings and all the related rights and goodwill of the company
10. Share Capital

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

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