Acorah Software Products - Accounts Production 19.2.350 false true true 31 October 2024 1 November 2023 false 1 November 2024 31 October 2025 31 October 2025 01779264 Revd N K Stephenson Mr M G Farrant The Worshipful Company Of Founders Revd N K Stephenson The Worshipful Company of Founders Founders Hall, 1 Cloth Fair, Loncon, EC1A 7JQ true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01779264 2024-10-31 01779264 2025-10-31 01779264 2024-11-01 2025-10-31 01779264 frs-core:CurrentFinancialInstruments 2025-10-31 01779264 frs-core:ComputerEquipment 2025-10-31 01779264 frs-core:ComputerEquipment 2024-11-01 2025-10-31 01779264 frs-core:ComputerEquipment 2024-10-31 01779264 frs-core:FurnitureFittings 2025-10-31 01779264 frs-core:FurnitureFittings 2024-11-01 2025-10-31 01779264 frs-core:FurnitureFittings 2024-10-31 01779264 frs-core:ShareCapital 2025-10-31 01779264 frs-core:RetainedEarningsAccumulatedLosses 2024-11-01 2025-10-31 01779264 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 01779264 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 01779264 frs-bus:FilletedAccounts 2024-11-01 2025-10-31 01779264 frs-bus:SmallEntities 2024-11-01 2025-10-31 01779264 frs-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 01779264 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 01779264 1 2024-11-01 2025-10-31 01779264 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-10-31 01779264 frs-bus:Director1 2024-11-01 2025-10-31 01779264 frs-bus:Director2 2024-11-01 2025-10-31 01779264 frs-bus:Director3 2024-11-01 2025-10-31 01779264 frs-bus:CompanySecretary1 2024-11-01 2025-10-31 01779264 frs-countries:EnglandWales 2024-11-01 2025-10-31 01779264 2023-10-31 01779264 2024-10-31 01779264 2023-11-01 2024-10-31 01779264 frs-core:CurrentFinancialInstruments 2024-10-31 01779264 frs-core:ShareCapital 2023-10-31 01779264 frs-core:ShareCapital 2024-10-31 01779264 frs-core:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 01779264 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-10-31 01779264 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 01779264 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-11-01 2024-10-31 01779264 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 01779264 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-10-31
Registered number: 01779264
Founders Properties Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
Cornfield Accountants Limited
Chartered Accountants
5 Cornfield Terrace
Eastbourne
East Sussex
BN21 4NN
Founders Properties Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Statement of Changes in Equity | 3
Notes to the Financial Statements | 4—7

Page 1
Founders Properties Limited
Balance Sheet
As At 31 October 2025
Balance Sheet
Registered number: 01779264

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 30,513 |  | 29,253
Investment Properties | 5 |  | 5,365,000 |  | 5,365,000
|  |  | 5,395,513 |  | 5,394,253
CURRENT ASSETS
Debtors | 6 | 44,473 |  | 43,495 |
Cash at bank and in hand |  | 16,247 |  | 324,679 |
|  | 60,720 |  | 368,174 |
Creditors: Amounts Falling Due Within One Year | 7 | (339,686 ) |  | (656,093 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (278,966 ) |  | (287,919 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 5,116,547 |  | 5,106,334
NET ASSETS |  |  | 5,116,547 |  | 5,106,334
CAPITAL AND RESERVES
Called up share capital |  |  | 350,000 |  | 350,000
Fair value reserve |  |  | 3,727,014 |  | 3,727,014
Profit and Loss Account |  |  | 1,039,533 |  | 1,029,320
SHAREHOLDERS' FUNDS |  |  | 5,116,547 |  | 5,106,334

Page 1
Page 2
Founders Properties Limited
Balance Sheet (continued)
As At 31 October 2025
For the year ending 31 October 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.
The financial statements were approved by the board of directors on 27 April 2026 and were signed on its behalf by:

Revd N K Stephenson Director
27/04/2026

The notes on pages 4 to 7 form part of these financial statements.
Page 2
Page 3
Founders Properties Limited
Statement of Changes in Equity
For The Year Ended 31 October 2025
Statement of Changes in Equity

| Share Capital | Fair value reserve | Profit and Loss Account | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
As at 1 November 2023 | 350,000 | 6,286,827 | 1,129,418 | 7,766,245
Loss for the year and total comprehensive income | - | - | (2,659,911 ) | (2,659,911)
Transfer to/from Fair value reserve | - | - | 2,559,813 | 2,559,813
Transfer to/from Profit & Loss Account | - | (2,559,813 ) | - | (2,559,813)
As at 31 October 2024 and 1 November 2024 | 350,000 | 3,727,014 | 1,029,320 | 5,106,334
Profit for the year and total comprehensive income | - | - | 10,213 | 10,213
As at 31 October 2025 | 350,000 | 3,727,014 | 1,039,533 | 5,116,547

Page 3
Page 4
Founders Properties Limited
Notes to the Financial Statements
For The Year Ended 31 October 2025
Notes to the Financial Statements
1. General Information
Founders Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01779264 . The registered office is Founders Hall, Cloth Fair, London, EC1A 7JQ.
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 are prepared under the historical cost convention and in accordance with the FRS 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
At 31 October 2025 the company had net current liabilities of £278,966 (2024 - £287,919). The directors have assessed the ability of the company to continue as a going concern, taking in to account current and forecast trading levels and cashflow requirements, together with the fact that the Holding Company has undertaken not to demand repayment of the loans payable to them until the company is in the position to do so.
Accordingly, the company's management and Directors are of the opinion that the Company's liquidity resources available to the company are sufficient to continue the Company's operations as a going concern for at least 12 months from the financial statements' issuance date.
The company's management and Directors are also of the opinion that they are able to take such preventative measures as needed to maintain going concern status in the event that future trading levels and cashflow requirements differ materially from forecasts.
The financial statements make no provision for any adjustment should the going concern basis not be appropriate.
2.3. Significant judgements and estimations
A key area of estimation uncertainty is in relation to the fair value of the investment property held. However a professional valuation was sought in 2024 to mitigate any risk of inaccurate valuations.
2.4. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Page 4
Page 5
Founders Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
2.5. Tangible Fixed Assets and Depreciation
Fixed assets are stated at cost and are depreciated over their estimated useful economic lives at the following annual rates:-

Fixtures & Fittings | 20% on cost
Computer Equipment | 33.33% on cost

At each balance sheet date the company reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss if any. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.
Company policy is that items under the value of £1,500 are not capitalised and recognised as an expense.
2.6. Investment Properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Investment properties whose fair value cannot be measured reliably without undue cost or effort on an on-going basis are included in plant, property and equipment at cost less accumulated depreciation and accumulated impairment losses.
2.7. Taxation
Taxation represents the sum of the tax currently payable and deferred tax.
The company's liability to tax is calculated using the tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amounts of the assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period to which the liability is settled or the asset realised, based on tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2024: 2)
2 2
Page 5
Page 6
Founders Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
4. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost or Valuation
As at 1 November 2024 | 120,369 | 4,910 | 125,279
Additions | 7,642 | - | 7,642
As at 31 October 2025 | 128,011 | 4,910 | 132,921
Depreciation
As at 1 November 2024 | 91,116 | 4,910 | 96,026
Provided during the period | 6,382 | - | 6,382
As at 31 October 2025 | 97,498 | 4,910 | 102,408
Net Book Value
As at 31 October 2025 | 30,513 | - | 30,513
As at 1 November 2024 | 29,253 | - | 29,253

5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 November 2024 and 31 October 2025 | 5,365,000

The directors commissioned a professional valuation of the property in 2024, which estimated its value at £5,365,000 (2024 - £5,365,000). The Directors believe the last professional valuation still reflects the fair value of the property.
The historical cost of the Freehold and Leasehold Land and Buildings were £2,840,553 of which £315,380 related to the cost of the land.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Cost | 2,840,553 |  | 2,840,553

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 4,803 |  | 1,932
Other debtors | 39,670 |  | 41,563
| 44,473 |  | 43,495

Page 6
Page 7
Founders Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 70,373 |  | 15,619
Amounts owed to group undertakings | 234,447 |  | 622,106
Other creditors | 34,866 |  | 18,368
| 339,686 |  | 656,093

8. Related Party Transactions
Creditors due within one year include £284,847 (2024 - £622,106) due to The Worshipful Company of Founders, comprising amounts owed to group undertakings and trade creditors.
The loan is unsecured, interest free and repayable on demand.
During the year The Worshipful Company of Founders charged an admin fee to the company of £42,000 (2024 - £nil).
9. Ultimate Parent Undertaking and Controlling Party
The controlling party is the The Worshipful Company of Founders, who controls 100% of the shares of the Company.
Page 7