Acorah Software Products - Accounts Production 18.1.170 false true true 31 August 2024 1 September 2023 false 1 September 2024 31 August 2025 31 August 2025 09723383 D Isichei R Isichei iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09723383 2024-08-31 09723383 2025-08-31 09723383 2024-09-01 2025-08-31 09723383 frs-core:CurrentFinancialInstruments 2025-08-31 09723383 frs-core:Non-currentFinancialInstruments 2025-08-31 09723383 frs-core:FurnitureFittings 2025-08-31 09723383 frs-core:FurnitureFittings 2024-09-01 2025-08-31 09723383 frs-core:FurnitureFittings 2024-08-31 09723383 frs-core:ShareCapital 2025-08-31 09723383 frs-core:RetainedEarningsAccumulatedLosses 2025-08-31 09723383 frs-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 09723383 frs-bus:FilletedAccounts 2024-09-01 2025-08-31 09723383 frs-bus:SmallEntities 2024-09-01 2025-08-31 09723383 frs-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 09723383 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 09723383 frs-core:DeferredTaxation 2024-09-01 2025-08-31 09723383 frs-core:DeferredTaxation 2024-08-31 09723383 frs-core:DeferredTaxation 2025-08-31 09723383 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-08-31 09723383 frs-bus:Director1 2024-09-01 2025-08-31 09723383 frs-bus:Director2 2024-09-01 2025-08-31 09723383 frs-countries:EnglandWales 2024-09-01 2025-08-31 09723383 2023-08-31 09723383 2024-08-31 09723383 2023-09-01 2024-08-31 09723383 frs-core:CurrentFinancialInstruments 2024-08-31 09723383 frs-core:Non-currentFinancialInstruments 2024-08-31 09723383 frs-core:ShareCapital 2024-08-31 09723383 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 09723383 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-08-31
Registered number: 09723383
Sterling Chance Lettings Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Sterling Chance Lettings Limited
Contents
Contents

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

Page 1
Sterling Chance Lettings Limited
Balance Sheet
As At 31 August 2025
Balance Sheet
Registered number: 09723383

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 837 |  | 1,116
Investment Properties | 5 |  | 962,708 |  | 774,727
|  |  | 963,545 |  | 775,843
CURRENT ASSETS
Debtors | 6 | 1,858 |  | 3,414 |
Cash at bank and in hand |  | 3,427 |  | 73,388 |
|  | 5,285 |  | 76,802 |
Creditors: Amounts Falling Due Within One Year | 7 | (87,489 ) |  | (98,028 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (82,204 ) |  | (21,226 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 881,341 |  | 754,617
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (663,468 ) |  | (532,430 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (41,797 ) |  | (42,587 )
NET ASSETS |  |  | 176,076 |  | 179,600
CAPITAL AND RESERVES
Called up share capital |  |  | 1 |  | 1
Fair value reserve |  |  | 127,125 |  | 127,125
Profit and Loss Account |  |  | 48,950 |  | 52,474
SHAREHOLDERS' FUNDS |  |  | 176,076 |  | 179,600

Page 1
Page 2
Sterling Chance Lettings Limited
Balance Sheet (continued)
As At 31 August 2025
For the year ending 31 August 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

D Isichei Director
9 April 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Sterling Chance Lettings Limited
Notes to the Financial Statements
For The Year Ended 31 August 2025
Notes to the Financial Statements
1. General Information
Sterling Chance Lettings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09723383 . The registered office is International House, 36-38 Cornhill, London, EC3V 3NG.
The presentation currency of the financial statements is the Pound Sterling (£).
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. Going Concern Disclosure
These accounts have been prepared on a going concern basis on the grounds that the directors of the company will not withdraw support until such a time as the company has funds available to meet its debts and liabilities as and when they fall due.
2.3. Turnover
Turnover comprises revenue recognised by the company in respect of rents received and services supplied during the year. Rents are recognised up to the year end date.
The total turnover of the company for the year has been derived from its principal activity wholly undertaken within the UK.
2.4. 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% on reducing balance

2.5. 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.
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Page 4
Sterling Chance Lettings Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
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: 2 (2024: 2)
2 2
4. Tangible Assets

| Fixtures & Fittings
--- | ---
| £
Cost
As at 1 September 2024 | 1,923
As at 31 August 2025 | 1,923
Depreciation
As at 1 September 2024 | 807
Provided during the period | 279
As at 31 August 2025 | 1,086
Net Book Value
As at 31 August 2025 | 837
As at 1 September 2024 | 1,116

Page 4
Page 5
Sterling Chance Lettings Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 September 2024 | 774,727
Additions | 187,981
As at 31 August 2025 | 962,708

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Cost | 793,208 |  | 605,227

The fair value of the properties at August 2025 has been arrived at on the basis of a valuation carried out on 31 August 2025 by the directors of the company who are not professionally qualified valuers.The directors believe the values shown in the accounts reflect the market value at the reporting date. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in the location and takes into account the yield from rentals in the area where the property is situated.
6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 750 |  | 1,375
Amounts owed by participating interests | - |  | 440
Other debtors | 1,108 |  | 1,599
| 1,858 |  | 3,414

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 524 |  | 641
Bank loans and overdrafts | - |  | 3,224
Amounts owed to participating interests | 58,255 |  | 57,534
Other creditors | 28,710 |  | 35,550
Taxation and social security | - |  | 1,079
| 87,489 |  | 98,028

Page 5
Page 6
Sterling Chance Lettings Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
The above loan is guaranteed by the UK Government under BBLS (the BBLS Guarantee) . There are no capital or interest repayments for the first 12 months after the date of draw down after which the total amount payable must be repaid by way of 60 consecutive monthly repayments (consisting of capital and interest). Interest is charged at a rate of 2.5% on the outstanding principle amount. The loan was repaid by the end of this accounting period.
8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 663,468 |  | 532,430

Loans repayable over more than one year are secured by charges over the properties owned by the company.
9. Provisions for Liabilities

| Deferred Tax | Total
--- | --- | ---
| £ | £
As at 1 September 2024 | 42,587 | 42,587
Additions | (737 ) | (737)
Reversals | (53 ) | (53)
Balance at 31 August 2025 | 41,797 | 41,797

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