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Registered number: 10352143
Miller Knight Estates Ltd
Financial Statements
For The Year Ended 31 August 2025
Gravitate Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10352143
2025 2024
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 58,149 69,452
Investment Properties 6 5,991,402 5,509,139
Investments 7 100 100
6,049,651 5,578,691
CURRENT ASSETS
Debtors 8 630,276 252,598
Cash at bank and in hand 429,001 1,424,918
1,059,277 1,677,516
Creditors: Amounts Falling Due Within One Year 9 (31,966 ) (35,939 )
NET CURRENT ASSETS (LIABILITIES) 1,027,311 1,641,577
TOTAL ASSETS LESS CURRENT LIABILITIES 7,076,962 7,220,268
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (9,252 ) (7,284 )
NET ASSETS 7,067,710 7,212,984
CAPITAL AND RESERVES
Called up share capital 11 3,120,100 3,120,100
Profit and Loss Account 3,947,610 4,092,884
SHAREHOLDERS' FUNDS 7,067,710 7,212,984
Page 1
Page 2
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 director acknowledges his 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
A Burns
Director
26th May 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Miller Knight Estates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10352143 . The registered office is Parkhouse, Forest Road, Sutton-In-Ashfield, Nottinghamshire, NG17 3BL.
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.
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:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
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. Financial Instruments
Debtors and creditors with no stated interest rate, and repayable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss account within overheads. 
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.
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2.7. Fixed asset investments
Investments in subsidiary undertakings are stated at cost less impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Prior Period Adjustment
Comparative figures have been restated to correct the treatment of recoverable VAT previously included within investment property assets. Investment property balances have been reduced by £152,687 with a corresponding increase in VAT recoverable balances.
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 September 2024 - 65,955 4,994 70,949
Additions 764 - 2,325 3,089
As at 31 August 2025 764 65,955 7,319 74,038
Depreciation
As at 1 September 2024 - 1,099 398 1,497
Provided during the period 153 12,971 1,268 14,392
As at 31 August 2025 153 14,070 1,666 15,889
Net Book Value
As at 31 August 2025 611 51,885 5,653 58,149
As at 1 September 2024 - 64,856 4,596 69,452
6. Investment Property
2025
£
Fair Value
As at 1 September 2024 5,509,139
Additions 482,263
As at 31 August 2025 5,991,402
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
as restated
£ £
Cost 5,991,402 5,509,139
Investment property comprises property held for rental income. Within investment property are 16 properties which have been valued using only the directors fair value assessment. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties and the director believes these valuations to reflect the fair value at 31st August 2025.
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7. Investments
Subsidiaries
£
Cost
As at 1 September 2024 100
As at 31 August 2025 100
Provision
As at 1 September 2024 -
As at 31 August 2025 -
Net Book Value
As at 31 August 2025 100
As at 1 September 2024 100
The company held 100% of the ordinary share capital of Dehra Dun Ltd, incorporated in England and Wales.
8. Debtors
2025 2024
as restated
£ £
Due within one year
Amounts owed by group undertakings 452,756 85,845
Other debtors 177,520 166,753
630,276 252,598
9. Creditors: Amounts Falling Due Within One Year
2025 2024
as restated
£ £
Trade creditors 11,507 10,339
Other creditors 20,251 25,184
Taxation and social security 208 416
31,966 35,939
Included within Other Creditors are loans from related parties amounting to £Nil (2024 - £1,726). These loans are unsecured, interest free and repayable on demand.
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
as restated
£ £
Other timing differences 9,252 7,284
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11. Share Capital
2025 2024
as restated
£ £
Allotted, Called up and fully paid 3,120,100 3,120,100
12. Related Party Transactions
The company has taken advantage of exemptions conferred by FRS 102 S33,1A, removing the requirement to disclose transactions between group members.
As at 31 August 2025 amounts owed from group undertakings £452,756 (2024: £85,845).
Outstanding balances with entities are unsecured, interest free and payable on demand.
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