Acorah Software Products - Accounts Production 19.2.450 false true false 29 August 2024 25 February 2026 25 February 2026 15924594 Ms Emma Leung iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15924594 2024-08-28 15924594 2026-02-25 15924594 2024-08-29 2026-02-25 15924594 frs-core:Non-currentFinancialInstruments 2026-02-25 15924594 frs-core:FurnitureFittings 2026-02-25 15924594 frs-core:FurnitureFittings 2024-08-29 2026-02-25 15924594 frs-core:FurnitureFittings 2024-08-28 15924594 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2026-02-25 15924594 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-29 2026-02-25 15924594 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-28 15924594 frs-core:ShareCapital 2026-02-25 15924594 frs-core:RetainedEarningsAccumulatedLosses 2026-02-25 15924594 frs-bus:PrivateLimitedCompanyLtd 2024-08-29 2026-02-25 15924594 frs-bus:FilletedAccounts 2024-08-29 2026-02-25 15924594 frs-bus:SmallEntities 2024-08-29 2026-02-25 15924594 frs-bus:AuditExempt-NoAccountantsReport 2024-08-29 2026-02-25 15924594 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-29 2026-02-25 15924594 frs-bus:Director1 2024-08-29 2026-02-25 15924594 frs-countries:EnglandWales 2024-08-29 2026-02-25
Registered number: 15924594
Grace Lily Properties Ltd
Unaudited Financial Statements
For the Period 29 August 2024 to 25 February 2026
The Entrepreneurs Accountant (Ripple) Limited
ACCA
Kimberley Northwick
Mark
Highbridge
TA9 4PQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 15924594
25 February 2026
Notes £ £
FIXED ASSETS
Tangible Assets 4 698,152
698,152
CURRENT ASSETS
Cash at bank and in hand 3,584
3,584
Creditors: Amounts Falling Due Within One Year 5 (247,321 )
NET CURRENT ASSETS (LIABILITIES) (243,737 )
TOTAL ASSETS LESS CURRENT LIABILITIES 454,415
Creditors: Amounts Falling Due After More Than One Year 6 (502,554 )
NET LIABILITIES (48,139 )
CAPITAL AND RESERVES
Called up share capital 7 1
Profit and Loss Account (48,140 )
SHAREHOLDERS' FUNDS (48,139)
Page 1
Page 2
For the period ending 25 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 Emma Leung
Director
28 May 2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Grace Lily Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15924594 . The registered office is Edwinstowe House High Street, Edwinstowe, Mansfield, NG21 9PR.
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:
Freehold No Depreciation
Fixtures & Fittings 3 Years Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 29 August 2024 - - -
Additions 693,397 7,507 700,904
As at 25 February 2026 693,397 7,507 700,904
Depreciation
As at 29 August 2024 - - -
Provided during the period - 2,752 2,752
As at 25 February 2026 - 2,752 2,752
Net Book Value
As at 25 February 2026 693,397 4,755 698,152
As at 29 August 2024 - - -
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5. Creditors: Amounts Falling Due Within One Year
25 February 2026
£
Other creditors 247,321
6. Creditors: Amounts Falling Due After More Than One Year
25 February 2026
£
Other creditors 502,554
7. Share Capital
25 February 2026
£
Allotted, Called up and fully paid 1
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