Acorah Software Products - Accounts Production 19.2.450 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 05575493 Mr Stephen David Russell Miss Sarah Ann Russell Miss Sarah Ann Russell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05575493 2025-03-31 05575493 2026-03-31 05575493 2025-04-01 2026-03-31 05575493 frs-core:CurrentFinancialInstruments 2026-03-31 05575493 frs-core:Non-currentFinancialInstruments 2026-03-31 05575493 frs-core:RevaluationReserve 2025-04-01 2026-03-31 05575493 frs-core:RevaluationReserve 2025-03-31 05575493 frs-core:RevaluationReserve 2026-03-31 05575493 frs-core:ShareCapital 2026-03-31 05575493 frs-core:RetainedEarningsAccumulatedLosses 2025-04-01 2026-03-31 05575493 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2025-03-31 05575493 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 05575493 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 05575493 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 05575493 frs-bus:SmallEntities 2025-04-01 2026-03-31 05575493 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 05575493 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 05575493 frs-bus:OrdinaryShareClass1 2025-04-01 2026-03-31 05575493 frs-bus:OrdinaryShareClass1 2026-03-31 05575493 frs-core:UnlistedNon-exchangeTraded 2026-03-31 05575493 frs-core:UnlistedNon-exchangeTraded 2025-03-31 05575493 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-03-31 05575493 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2026-03-31 05575493 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 05575493 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2026-03-31 05575493 frs-bus:Director1 2025-04-01 2026-03-31 05575493 frs-bus:Director2 2025-04-01 2026-03-31 05575493 frs-bus:CompanySecretary1 2025-04-01 2026-03-31 05575493 frs-countries:EnglandWales 2025-04-01 2026-03-31 05575493 2024-03-31 05575493 2025-03-31 05575493 2024-04-01 2025-03-31 05575493 frs-core:CurrentFinancialInstruments 2025-03-31 05575493 frs-core:Non-currentFinancialInstruments 2025-03-31 05575493 frs-core:RevaluationReserve 2025-03-31 05575493 frs-core:ShareCapital 2025-03-31 05575493 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 05575493 frs-bus:OrdinaryShareClass1 2024-04-01 2025-03-31
Registered number: 05575493
Townsend Paddock Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Townsend Paddock Limited
Contents
Contents

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

Page 1
Townsend Paddock Limited
Balance Sheet
As At 31 March 2026
Balance Sheet
Registered number: 05575493

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investment Properties | 4 |  | 9,067,745 |  | 8,318,875
Investments | 5 |  | 779,109 |  | 779,109
|  |  | 9,846,854 |  | 9,097,984
CURRENT ASSETS
Debtors | 6 | 3,993 |  | 5,005 |
Cash at bank and in hand |  | 9,899 |  | 20,815 |
|  | 13,892 |  | 25,820 |
Creditors: Amounts Falling Due Within One Year | 7 | (3,846,975 ) |  | (3,116,935 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (3,833,083 ) |  | (3,091,115 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 6,013,771 |  | 6,006,869
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (3,641,206 ) |  | (3,629,381 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (291,952 ) |  | (247,300 )
NET ASSETS |  |  | 2,080,613 |  | 2,130,188
CAPITAL AND RESERVES
Called up share capital | 9 |  | 3 |  | 3
Revaluation reserve | 10 |  | 1,184,872 |  | 1,349,524
Profit and Loss Account |  |  | 895,738 |  | 780,661
SHAREHOLDERS' FUNDS |  |  | 2,080,613 |  | 2,130,188

Page 1
Page 2
Townsend Paddock Limited
Balance Sheet (continued)
As At 31 March 2026
For the year ending 31 March 2026 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 Stephen David Russell Director
09/06/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Townsend Paddock Limited
Notes to the Financial Statements
For The Year Ended 31 March 2026
Notes to the Financial Statements
1. General Information
Townsend Paddock Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05575493 . The registered office is 82 Station Road, Soham, Ely, Cambridgeshire, CB7 5DZ.
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. 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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2025: 5)
5 5
Page 3
Page 4
Townsend Paddock Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
4. Investment Property

| 2026
--- | ---
| £
Fair Value
As at 1 April 2025 | 8,318,875
Additions | 868,870
Revaluations | (120,000)
As at 31 March 2026 | 9,067,745

5. Investments

| Unlisted
--- | ---
| £
Cost or Valuation
As at 1 April 2025 | 779,109
As at 31 March 2026 | 779,109
Provision
As at 1 April 2025 | -
As at 31 March 2026 | -
Net Book Value
As at 31 March 2026 | 779,109
As at 1 April 2025 | 779,109

Townsend Paddock Limited own a 50% share of Russell & Townsend Development Partnership. Mr Stephen David Russell, director and majority shareholder of Townsend Paddock Limited, is the other 50% partner of Russell & Townsend Development Partnership.
6. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 3,993 |  | 5,005

7. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Trade creditors | 16,694 |  | 17,269
Other loans | 329,613 |  | 329,613
Corporation tax | 38,359 |  | 6,966
Other taxes and social security | - |  | 434
Directors' loan accounts | 3,462,309 |  | 2,762,653
| 3,846,975 |  | 3,116,935

Page 4
Page 5
Townsend Paddock Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
8. Creditors: Amounts Falling Due After More Than One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Bank loans | 3,641,206 |  | 3,629,381

9. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
3 Ordinary Shares of £ 1.00 each | 3 |  | 3

10. Reserves

| Revaluation reserve | Profit and Loss Account
--- | --- | ---
| £ | £
As at 1 April 2025 | 1,349,524 | 780,661
Profit for year | - | 115,077
Net investment property revaluation reserve | (164,652 ) | -
Other comprehensive income for the year | (164,652 ) | -
Total comprehensive income for the year | (164,652) | 115,077
As at 31 March 2026 | 1,184,872 | 895,738

11. Related Party Transactions
Included within creditors are directors' loans of £3,462,309 (2025 - £2,762,653) payable to Mr S.D. Russell and Miss S.A. Russell.
During the year, the company charged Mr. S.D. Russell and Miss S.A. Russell £22,469 (2025 - £21,453) for the management of their rental properties.
Townsend Paddock Limited owns 50% of the shares of Izzard and Russell Investments Limited. During the year ended 31 March 2026, the company recieved £nil (2025 - £nil) of dividend icome as votes by Izzard and Russell Investments Limited.
As at 31 March 2026, Townsend Paddock Limited was owed £nil (2025 - £nil) by Izzard and Russell Investments Limited.
Page 5