Acorah Software Products - Accounts Production 19.3.550 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 11851542 Mr D Nutbrown iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11851542 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2025-02-28 11851542 2024-02-29 11851542 2025-02-28 11851542 2024-03-01 2025-02-28 11851542 frs-core:CurrentFinancialInstruments 2025-02-28 11851542 frs-core:Non-currentFinancialInstruments 2025-02-28 11851542 frs-core:ComputerEquipment 2025-02-28 11851542 frs-core:ComputerEquipment 2024-03-01 2025-02-28 11851542 frs-core:ComputerEquipment 2024-02-29 11851542 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 11851542 frs-core:PlantMachinery 2025-02-28 11851542 frs-core:PlantMachinery 2024-03-01 2025-02-28 11851542 frs-core:PlantMachinery 2024-02-29 11851542 frs-core:ShareCapital 2025-02-28 11851542 frs-core:RetainedEarningsAccumulatedLosses 2024-03-01 2025-02-28 11851542 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-02-29 11851542 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 11851542 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 11851542 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 11851542 frs-bus:SmallEntities 2024-03-01 2025-02-28 11851542 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 11851542 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 11851542 frs-bus:Director1 2024-03-01 2025-02-28 11851542 frs-countries:EnglandWales 2024-03-01 2025-02-28 11851542 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-02-29 11851542 2023-02-28 11851542 2024-02-29 11851542 2023-03-01 2024-02-29 11851542 frs-core:CurrentFinancialInstruments 2024-02-29 11851542 frs-core:Non-currentFinancialInstruments 2024-02-29 11851542 frs-core:ShareCapital 2024-02-29 11851542 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 11851542
The Mersey Property Group Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
MAR Kilshaw Limited
99 Stanley Road
Bootle
Liverpool
Merseyside
L20 7DA
The Mersey Property Group Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
The Mersey Property Group Limited
Balance Sheet
As At 28 February 2025
Balance Sheet
Registered number: 11851542

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 20,830 |  | 24,524
Investment Properties | 5 |  | 2,005,000 |  | 1,825,164
|  |  | 2,025,830 |  | 1,849,688
CURRENT ASSETS
Debtors | 6 | 15,723 |  | 12,490 |
Cash at bank and in hand |  | 56,827 |  | 7,165 |
|  | 72,550 |  | 19,655 |
Creditors: Amounts Falling Due Within One Year | 7 | (23,163 ) |  | (42,818 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 49,387 |  | (23,163 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,075,217 |  | 1,826,525
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (1,798,280 ) |  | (1,558,128 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (73,519 ) |  | (66,007 )
NET ASSETS |  |  | 203,418 |  | 202,390
CAPITAL AND RESERVES
Called up share capital | 10 |  | 1 |  | 1
Profit and Loss Account |  |  | 203,417 |  | 202,389
SHAREHOLDERS' FUNDS |  |  | 203,418 |  | 202,390

Page 1
Page 2
The Mersey Property Group Limited
Balance Sheet (continued)
As At 28 February 2025
For the year ending 28 February 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 D Nutbrown Director
21 July 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
The Mersey Property Group Limited
Notes to the Financial Statements
For The Year Ended 28 February 2025
Notes to the Financial Statements
1. General Information
The Mersey Property Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11851542 . The registered office is 6-8 Tawd Street, Liverpool, L4 4PD.
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 represents rental income receivable from investment properties during the year, excluding value added tax. Rental income is recognised on a straight-line basis over the term of the tenancy.
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 | None
Plant & Machinery | 15% reducing balance
Computer Equipment | 25% reducing balance

Freehold property is not depreciated due to the property being included at fair value.
2.4. Investment Properties
Investment properties are measured at fair value, determined annually, based on market rents and investment property yields for comparable real estate, adjusted where necessary for differences in the nature, location or condition of the specific asset.
The valuations are performed by the directors.
No depreciation is provided in respect of investment properties. Any changes in fair value are recognised in the profit and loss account.
2.5. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Page 3
Page 4
The Mersey Property Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets

| Plant & Machinery | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost or Valuation
As at 1 March 2024 | 29,696 | 279 | 29,975
As at 28 February 2025 | 29,696 | 279 | 29,975
Depreciation
As at 1 March 2024 | 5,329 | 122 | 5,451
Provided during the period | 3,655 | 39 | 3,694
As at 28 February 2025 | 8,984 | 161 | 9,145
Net Book Value
As at 28 February 2025 | 20,712 | 118 | 20,830
As at 1 March 2024 | 24,367 | 157 | 24,524

5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 March 2024 | 1,825,164
Additions | 287,904
Disposals | (150,000 )
Revaluations | 41,932
As at 28 February 2025 | 2,005,000

If the investment property had been accounted for under the historical cost model, the aggregate historical cost of the properties would be as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Cost | 1,815,459 |  | 1,527,390

Page 4
Page 5
The Mersey Property Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 13,989 |  | 11,081
Other debtors | 1,734 |  | 1,409
| 15,723 |  | 12,490

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 2,649 |  | 26,138
Bank loans and overdrafts | 5,000 |  | 5,000
Other creditors | 15,414 |  | 11,580
Taxation and social security | 100 |  | 100
| 23,163 |  | 42,818

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

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 1,231,219 |  | 1,108,878
Other creditors | 567,061 |  | 449,250
| 1,798,280 |  | 1,558,128

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

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 1,211,219 |  | 1,088,878

9. Secured Creditors
The company has granted fixed charges over certain investment properties in favour of lenders in respect of mortgage facilities. At the balance sheet date, the company had 18 outstanding charges registered at Companies House. These charges are held by the following lenders:

- Aldermore Bank PLC
- Kensington Mortgage Company Limited
- Ascot Bridging Finance 2 Limited
- The Mortgage Lender Limited
- Charter Court Financial Services Limited
- Paratus AMC Limited
- Saffron Building Society
- OneSavings Bank PLC

...CONTINUED
Page 5
Page 6
The Mersey Property Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
9. Secured Creditors - continued
The charges comprise fixed charges by way of legal mortgages over specific investment properties owned by the company, including various properties in Liverpool, Bootle and Ormskirk.
The secured loans are repayable in accordance with the respective loan agreements. In the event of default, the lenders have the right to take possession of the secured properties.
The following amounts included within creditors are secured:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 1,196,027 |  | 1,071,772

10. Share Capital

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

11. Reserves

| Profit and Loss Account
--- | ---
| £
As at 1 March 2024 | 202,389
Profit for the year and total comprehensive income | 1,028
As at 28 February 2025 | 203,417

The profit and loss reserve account records retained earnings and accumulated losses. All fair value movements on investment properties are recognised in profit or loss. The profit and loss reserve account includes both distributable and non-distributable funds as detailed below:
Distributable reserves loss £50,254 (2024: loss £20,818)
Non-distributable reserves £254,656 (2024: £223,207)
Page 6