Acorah Software Products - Accounts Production 19.2.350 false true 28 February 2025 1 March 2024 false 1 March 2025 28 February 2026 28 February 2026 03049783 Mr David Kelleway Ms Caroline Kelleway Mr Kevin Garlinge iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03049783 2025-02-28 03049783 2026-02-28 03049783 2025-03-01 2026-02-28 03049783 frs-core:CurrentFinancialInstruments 2026-02-28 03049783 frs-core:Non-currentFinancialInstruments 2026-02-28 03049783 frs-core:ComputerEquipment 2026-02-28 03049783 frs-core:ComputerEquipment 2025-03-01 2026-02-28 03049783 frs-core:ComputerEquipment 2025-02-28 03049783 frs-core:FurnitureFittings 2026-02-28 03049783 frs-core:FurnitureFittings 2025-03-01 2026-02-28 03049783 frs-core:FurnitureFittings 2025-02-28 03049783 frs-core:ShareCapital 2026-02-28 03049783 frs-core:RetainedEarningsAccumulatedLosses 2025-03-01 2026-02-28 03049783 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2025-02-28 03049783 frs-core:RetainedEarningsAccumulatedLosses 2026-02-28 03049783 frs-bus:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 03049783 frs-bus:FilletedAccounts 2025-03-01 2026-02-28 03049783 frs-bus:SmallEntities 2025-03-01 2026-02-28 03049783 frs-bus:AuditExempt-NoAccountantsReport 2025-03-01 2026-02-28 03049783 frs-bus:SmallCompaniesRegimeForAccounts 2025-03-01 2026-02-28 03049783 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-02-28 03049783 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2026-02-28 03049783 frs-core:CostValuation 2025-02-28 03049783 frs-core:AdditionsToInvestments 2026-02-28 03049783 frs-core:DisposalsRepaymentsInvestments 2026-02-28 03049783 frs-core:RevaluationsIncreaseDecreaseInInvestments 2026-02-28 03049783 frs-core:CostValuation 2026-02-28 03049783 frs-core:ProvisionsForImpairmentInvestments 2025-02-28 03049783 frs-core:ProvisionsForImpairmentInvestments 2026-02-28 03049783 frs-core:ListedExchangeTraded 2026-02-28 03049783 frs-core:ListedExchangeTraded 2025-02-28 03049783 frs-core:CostValuation frs-core:ListedExchangeTraded 2025-02-28 03049783 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2026-02-28 03049783 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2026-02-28 03049783 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2026-02-28 03049783 frs-core:CostValuation frs-core:ListedExchangeTraded 2026-02-28 03049783 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2025-02-28 03049783 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2026-02-28 03049783 frs-bus:Director1 2025-03-01 2026-02-28 03049783 frs-bus:Director2 2025-03-01 2026-02-28 03049783 frs-bus:Director3 2025-03-01 2026-02-28 03049783 frs-countries:EnglandWales 2025-03-01 2026-02-28 03049783 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2025-02-28 03049783 2024-02-29 03049783 2025-02-28 03049783 2024-03-01 2025-02-28 03049783 frs-core:CurrentFinancialInstruments 2025-02-28 03049783 frs-core:Non-currentFinancialInstruments 2025-02-28 03049783 frs-core:ShareCapital 2025-02-28 03049783 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 03049783 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-02-28
Registered number: 03049783
Culverdene Properties Limited
Unaudited Financial Statements
For The Year Ended 28 February 2026
Culverdene Properties Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—7

Page 1
Culverdene Properties Limited
Balance Sheet
As At 28 February 2026
Balance Sheet
Registered number: 03049783

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 541 |  | 1,147
Investment Properties | 5 |  | 8,136,270 |  | 9,192,020
Investments | 6 |  | 1,415,202 |  | 474,087
|  |  | 9,552,013 |  | 9,667,254
CURRENT ASSETS
Stocks | 7 | 589,575 |  | 589,575 |
Debtors | 8 | 3,504,372 |  | 2,892,909 |
Cash at bank and in hand |  | 125,240 |  | 20,746 |
|  | 4,219,187 |  | 3,503,230 |
Creditors: Amounts Falling Due Within One Year | 9 | (759,463 ) |  | (787,881 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 3,459,724 |  | 2,715,349
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 13,011,737 |  | 12,382,603
Creditors: Amounts Falling Due After More Than One Year | 10 |  | (946 ) |  | (627 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (161,049 ) |  | (203,435 )
NET ASSETS |  |  | 12,849,742 |  | 12,178,541
CAPITAL AND RESERVES
Called up share capital | 12 |  | 2,000 |  | 2,000
Fair value reserve | 13 |  | 790,370 |  | 918,280
Profit and Loss Account |  |  | 12,057,372 |  | 11,258,261
SHAREHOLDERS' FUNDS |  |  | 12,849,742 |  | 12,178,541

Page 1
Page 2
Culverdene Properties Limited
Balance Sheet (continued)
As At 28 February 2026
For the year ending 28 February 2026 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 David Kelleway Director
5 May 2026

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Culverdene Properties Limited
Notes to the Financial Statements
For The Year Ended 28 February 2026
Notes to the Financial Statements
1. General Information
Culverdene Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03049783 . The registered office is 16a Westover Cliff Drive, Bournemouth, Dorset, BH4 8AA.
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.
These financial statements are presented in pound sterling which is the functional currency of the company.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is represented byrevenue earned from the rental of investment property.
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
Computer Equipment | 33% straght line

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. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially measured at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
Culverdene Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2026
2.8. 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2025: 3)
3 3
4. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost or Valuation
As at 1 March 2025 | 10,226 | 5,329 | 15,555
As at 28 February 2026 | 10,226 | 5,329 | 15,555
Depreciation
As at 1 March 2025 | 10,111 | 4,297 | 14,408
Provided during the period | 29 | 577 | 606
As at 28 February 2026 | 10,140 | 4,874 | 15,014
Net Book Value
As at 28 February 2026 | 86 | 455 | 541
As at 1 March 2025 | 115 | 1,032 | 1,147

Page 4
Page 5
Culverdene Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2026
5. Investment Property

| 2026
--- | ---
| £
Fair Value
As at 1 March 2025 | 9,192,020
Additions | 9,250
Disposals | (1,010,000 )
Revaluations | (55,000)
As at 28 February 2026 | 8,136,270

The investment property has been revalued at the market value by the director on 28 February 2026. The historical cost of the investment property is £7,404,654 (2025 - £8,189,447).
6. Investments

| Associates | Listed | Total
--- | --- | --- | ---
| £ | £ | £
Cost or Valuation
As at 1 March 2025 | 474,087 | - | 474,087
Additions | - | 869,503 | 869,503
Disposals | - | (8,855 ) | (8,855 )
Revaluations | - | 80,467 | 80,467
As at 28 February 2026 | 474,087 | 941,115 | 1,415,202
Provision
As at 1 March 2025 | - | - | -
As at 28 February 2026 | - | - | -
Net Book Value
As at 28 February 2026 | 474,087 | 941,115 | 1,415,202
As at 1 March 2025 | 474,087 | - | 474,087

7. Stocks

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Work in progress | 589,575 |  | 589,575

8. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 5,999 |  | 9,894
Prepayments and accrued income | 1,001 |  | -
Other debtors | 3,497,372 |  | 2,883,015
| 3,504,372 |  | 2,892,909

Page 5
Page 6
Culverdene Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2026
9. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | - |  | 604
Other taxes and social security | 248,833 |  | 223,750
Other creditors | 507,955 |  | 560,647
Accruals and deferred income | 2,675 |  | 2,880
| 759,463 |  | 787,881

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

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Bank loans | 946 |  | 627

Of the creditors falling due after more than one year the following amounts are due after more than five years.

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Bank loans | - |  | 580

11. Secured Creditors
Of the creditors the following amounts are secured.

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | - |  | 1,602

12. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2,000 |  | 2,000

13. Reserves

| Fair value reserve | Profit and Loss Account
--- | --- | ---
| £ | £
As at 1 March 2025 | 918,280 | 11,258,261
Profit for the year and total comprehensive income | - | 671,201
Movements in fair value reserve | (127,910) | -
Transfer to/from Fair value reserve | - | 127,910
As at 28 February 2026 | 790,370 | 12,057,372

Page 6
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Culverdene Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2026
14. Related Party Transactions
At the balance sheet date, the company owed the director £3,462 (2025 - £3,831) and the rate of interest charged is 0%. This loan is presented within creditors: amounts falling due within one year.
At the balance sheet date, the company was due £Nil (2025 - £1,738,987) from Ruislip Manor Property Ltd, an associated company. This loan is presented within debtors: due within one year.
At the balance sheet date, the company was due £3,495,629 (2025 - £792,516) from Moneybox (Bournemouth) Ltd, a company under common control. The balance is repayable on demand and no interest is charged. This loan is presented within debtors: due within one year.
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