Acorah Software Products - Accounts Production 19.2.450 false true 30 June 2024 1 July 2023 false 1 July 2024 30 June 2025 30 June 2025 SC734674 Mr Paul Traynor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC734674 2024-06-30 SC734674 2025-06-30 SC734674 2024-07-01 2025-06-30 SC734674 frs-core:CurrentFinancialInstruments 2025-06-30 SC734674 frs-core:Non-currentFinancialInstruments 2025-06-30 SC734674 frs-core:ShareCapital 2025-06-30 SC734674 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30 SC734674 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 SC734674 frs-bus:FilletedAccounts 2024-07-01 2025-06-30 SC734674 frs-bus:SmallEntities 2024-07-01 2025-06-30 SC734674 frs-bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 SC734674 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 SC734674 frs-core:DeferredTaxation 2024-07-01 2025-06-30 SC734674 frs-core:DeferredTaxation 2024-06-30 SC734674 frs-core:DeferredTaxation 2025-06-30 SC734674 frs-bus:Director1 2024-07-01 2025-06-30 SC734674 frs-core:CurrentFinancialInstruments 1 2025-06-30 SC734674 frs-countries:Scotland 2024-07-01 2025-06-30 SC734674 2023-06-30 SC734674 2024-06-30 SC734674 2023-07-01 2024-06-30 SC734674 frs-core:CurrentFinancialInstruments 2024-06-30 SC734674 frs-core:Non-currentFinancialInstruments 2024-06-30 SC734674 frs-core:ShareCapital 2024-06-30 SC734674 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 SC734674 frs-core:CurrentFinancialInstruments 1 2024-06-30
Registered number: SC734674
Gracie Property Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2025
Gracie Property Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Gracie Property Ltd
Balance Sheet
As At 30 June 2025
Balance Sheet
Registered number: SC734674

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investment Properties | 4 |  | 1,976,237 |  | 1,224,099
|  |  | 1,976,237 |  | 1,224,099
CURRENT ASSETS
Debtors | 5 | 32,349 |  | 17,111 |
Cash at bank and in hand |  | 6,100 |  | 4,314 |
|  | 38,449 |  | 21,425 |
Creditors: Amounts Falling Due Within One Year | 6 | (515,721 ) |  | (367,783 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (477,272 ) |  | (346,358 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,498,965 |  | 877,741
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (1,378,146 ) |  | (810,628 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (54,602 ) |  | (25,802 )
NET ASSETS |  |  | 66,217 |  | 41,311
CAPITAL AND RESERVES
Called up share capital | 10 |  | 1 |  | 1
Profit and Loss Account |  |  | 66,216 |  | 41,310
SHAREHOLDERS' FUNDS |  |  | 66,217 |  | 41,311

Page 1
Page 2
Gracie Property Ltd
Balance Sheet (continued)
As At 30 June 2025
For the year ending 30 June 2025 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 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

Mr Paul Traynor Director
05/06/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Gracie Property Ltd
Notes to the Financial Statements
For The Year Ended 30 June 2025
Notes to the Financial Statements
1. General Information
Gracie Property Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC734674 . The registered office is 118 Motherwell Street, Airdrie, Lanarkshire, ML6 7EJ.
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.
The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence in the forseeable future. The validity of this assumption depends on the continued support of the director and finance providers for the forthcoming year.
Current liabilities include loans due to the director and related parties, these are repayable on demand. Neither the director nor the related party will demand repayment of the loan due where this would impair the ability of the company to trade.
The director believes that it is appropriate for the going concern basis to be used.
2.2. Turnover
Turnover consists of rental income which is recognised on a straight-line basis over the lease term.
2.3. 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.
2.4. Financial Instruments
The company only has basic financial instruments.
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
2.5. 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.
Page 3
Page 4
Gracie Property Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 July 2024 | 1,224,099
Additions | 659,347
Fair value adjustments | 92,791
As at 30 June 2025 | 1,976,237

Investment properties were valued on an open market basis on 30 June 2025 by the director.
If investment property had been accounted for under historical cost accounting rules, the amounts would be:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Cost | 1,757,830 |  | 1,120,890

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 12,100 |  | 4,845
Intercompany debtors | 1,252 |  | 208
| 13,352 |  | 5,053
Due after more than one year
Deferred tax current asset | 18,997 |  | 12,058
| 32,349 |  | 17,111

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other creditors | 6,650 |  | 6,650
Intercompany creditors | 334,145 |  | 188,550
Accruals and deferred income | 1,824 |  | 2,741
Director's loan account | 173,102 |  | 169,842
| 515,721 |  | 367,783

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

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 1,378,146 |  | 810,628

Page 4
Page 5
Gracie Property Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
8. Secured Creditors
Of the creditors the following amounts are secured.
Aldermore Bank PLC holds standard security over the property at 42 Millar Street, Strathaven in respect of the mortgage provided.
Aldermore Bank PLC holds standard security over the property at 29 Bankhead Place, Airdrie in respect of the mortgage provided.
Paratus AMC Ltd holds standard securities over the properties at 82 Woodhall Place, Coatbridge and 49A Todshill Street, Strathaven in respect of the mortgages provided.
The Mortgage Lender Limited holds standard security over the property at 45 Clyde Street, Coatbridge in respect of the mortgage provided.
IBDT Property Ltd holds standard securities over the properties at 12 Dunvegan Avenue, Coatbridge and 39 Bruce Street, Airdrie in respect of the mortgages provided.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 1,378,146 |  | 810,628

9. Provisions for Liabilities

| Deferred Tax | Total
--- | --- | ---
| £ | £
As at 1 July 2024 | 13,744 | 13,744
Additions | 40,858 | 40,858
Balance at 30 June 2025 | 54,602 | 54,602

The deferred tax provision relates to changes in fair value of investment property.
10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

11. Related Party Transactions
During the year the company borrowed sums from Tech Spectrum Ltd, a company under common control, totalling £188,550. The amount outstanding at the year-end was £188,550 (2023: £nil)
During the year the company loaned sums to Gracie Property Letting Ltd, a company under common control, totalling £208. The amount outstanding at the year-end was £208 (2023: £nil)
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