Acorah Software Products - Accounts Production 19.2.450 false true 31 August 2024 1 September 2023 false 1 September 2024 31 August 2025 31 August 2025 NI635215 Mr Wayne Horwood Mr Graeme Steele Mr James Patterson Mr Alexander Steele iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI635215 2024-08-31 NI635215 2025-08-31 NI635215 2024-09-01 2025-08-31 NI635215 frs-core:CurrentFinancialInstruments 2025-08-31 NI635215 frs-core:Non-currentFinancialInstruments 2025-08-31 NI635215 frs-core:BetweenOneFiveYears 2025-08-31 NI635215 frs-core:FurnitureFittings 2025-08-31 NI635215 frs-core:FurnitureFittings 2024-09-01 2025-08-31 NI635215 frs-core:FurnitureFittings 2024-08-31 NI635215 frs-core:MotorVehicles 2025-08-31 NI635215 frs-core:MotorVehicles 2024-09-01 2025-08-31 NI635215 frs-core:MotorVehicles 2024-08-31 NI635215 frs-core:WithinOneYear 2025-08-31 NI635215 frs-core:ShareCapital 2025-08-31 NI635215 frs-core:RetainedEarningsAccumulatedLosses 2025-08-31 NI635215 frs-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 NI635215 frs-bus:FilletedAccounts 2024-09-01 2025-08-31 NI635215 frs-bus:SmallEntities 2024-09-01 2025-08-31 NI635215 frs-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 NI635215 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 NI635215 frs-bus:Director1 2024-09-01 2025-08-31 NI635215 frs-bus:Director2 2024-09-01 2025-08-31 NI635215 frs-bus:Director3 2024-09-01 2025-08-31 NI635215 frs-bus:Director4 2024-09-01 2025-08-31 NI635215 frs-countries:NorthernIreland 2024-09-01 2025-08-31 NI635215 2023-08-31 NI635215 2024-08-31 NI635215 2023-09-01 2024-08-31 NI635215 frs-core:CurrentFinancialInstruments 2024-08-31 NI635215 frs-core:Non-currentFinancialInstruments 2024-08-31 NI635215 frs-core:BetweenOneFiveYears 2024-08-31 NI635215 frs-core:WithinOneYear 2024-08-31 NI635215 frs-core:ShareCapital 2024-08-31 NI635215 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31
Registered number: NI635215
Mayfair Homes (Ni) (No. 2) Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2025
Allen Fleming CA Limited
Chartered Accountants & Chartered Tax Advisors
161-163 Upper Lisburn Road
Finaghy
Belfast
BT10 0LJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: NI635215
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 280,791 258,267
280,791 258,267
CURRENT ASSETS
Stocks 5 1,607,290 1,549,615
Debtors 6 1,332,339 1,632,549
Cash at bank and in hand 18,430 74,872
2,958,059 3,257,036
Creditors: Amounts Falling Due Within One Year 7 (1,528,914 ) (1,583,125 )
NET CURRENT ASSETS (LIABILITIES) 1,429,145 1,673,911
TOTAL ASSETS LESS CURRENT LIABILITIES 1,709,936 1,932,178
Creditors: Amounts Falling Due After More Than One Year 8 (153,779 ) (130,585 )
NET ASSETS 1,556,157 1,801,593
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 1,556,156 1,801,592
SHAREHOLDERS' FUNDS 1,556,157 1,801,593
Page 1
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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
Mr Graeme Steele
Director
27 May 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mayfair Homes (Ni) (No. 2) Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI635215 . The registered office is HNH Partners Limited, Jefferson House, 42 Queen Street, Belfast, BT1 6HL.
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 the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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:
Motor Vehicles 10% straight line
Fixtures & Fittings 10% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2024 319,390 25,259 344,649
Additions 69,275 - 69,275
Disposals (17,750 ) (1,515 ) (19,265 )
As at 31 August 2025 370,915 23,744 394,659
Depreciation
As at 1 September 2024 78,204 8,178 86,382
Provided during the period 30,178 2,374 32,552
Disposals (3,096 ) (1,970 ) (5,066 )
As at 31 August 2025 105,286 8,582 113,868
Net Book Value
As at 31 August 2025 265,629 15,162 280,791
As at 1 September 2024 241,186 17,081 258,267
5. Stocks
2025 2024
£ £
Work in progress 1,607,290 1,549,615
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 73,312 98,027
Prepayments and accrued income 21,491 20,765
Other debtors - 1,575
VAT 15,882 5,629
Amounts owed by group undertakings 1,221,654 1,506,553
1,332,339 1,632,549
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 47,678 37,362
Trade creditors 79,847 225,881
Bank loans and overdrafts 8,794 19,108
Corporation tax (3,243 ) 3,793
Other creditors 175,000 56,805
Accruals and deferred income 192,650 192,650
Amounts owed to group undertakings 987,573 754,208
Amounts owed to associates 40,615 293,318
1,528,914 1,583,125
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 153,779 130,585
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 47,678 37,362
Later than one year and not later than five years 153,779 130,585
201,457 167,947
201,457 167,947
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Page 6
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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