Acorah Software Products - Accounts Production 19.3.550 false true 31 October 2024 1 November 2023 false 1 November 2024 31 October 2025 31 October 2025 02745946 Mrs M T Gay Mrs M Z Cruickshanks Mr R F Gay Mrs M Z Cruickshanks Mr. R. F. Gay true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02745946 2024-10-31 02745946 2025-10-31 02745946 2024-11-01 2025-10-31 02745946 frs-core:CurrentFinancialInstruments 2025-10-31 02745946 frs-core:Non-currentFinancialInstruments 2025-10-31 02745946 frs-core:ShareCapital 2025-10-31 02745946 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 02745946 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 02745946 frs-bus:FilletedAccounts 2024-11-01 2025-10-31 02745946 frs-bus:SmallEntities 2024-11-01 2025-10-31 02745946 frs-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 02745946 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 02745946 1 2024-11-01 2025-10-31 02745946 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-11-01 2025-10-31 02745946 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-10-31 02745946 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-10-31 02745946 frs-bus:Director1 2024-11-01 2025-10-31 02745946 frs-bus:Director2 2024-11-01 2025-10-31 02745946 frs-bus:Director3 2024-11-01 2025-10-31 02745946 frs-bus:CompanySecretary1 2024-11-01 2025-10-31 02745946 frs-core:CurrentFinancialInstruments 1 2025-10-31 02745946 frs-countries:EnglandWales 2024-11-01 2025-10-31 02745946 2023-10-31 02745946 2024-10-31 02745946 2023-11-01 2024-10-31 02745946 frs-core:CurrentFinancialInstruments 2024-10-31 02745946 frs-core:Non-currentFinancialInstruments 2024-10-31 02745946 frs-core:ShareCapital 2024-10-31 02745946 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 02745946 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-10-31 02745946 frs-core:CurrentFinancialInstruments 1 2024-10-31
Registered number: 02745946
London & Regional Estates (Midlands) Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
Halkin Lerman Davis Limited
Westgate House
9 Holborn
London
EC1N 2LL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02745946
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 2,500,000 1,900,000
2,500,000 1,900,000
CURRENT ASSETS
Debtors 5 828,149 1,113,417
Cash at bank and in hand 181,899 103,441
1,010,048 1,216,858
Creditors: Amounts Falling Due Within One Year 6 (83,916 ) (284,047 )
NET CURRENT ASSETS (LIABILITIES) 926,132 932,811
TOTAL ASSETS LESS CURRENT LIABILITIES 3,426,132 2,832,811
Creditors: Amounts Falling Due After More Than One Year 7 (125,484 ) (127,338 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (70,403 ) -
NET ASSETS 3,230,245 2,705,473
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 1,194,469 574,622
Profit and Loss Account 2,035,676 2,130,751
SHAREHOLDERS' FUNDS 3,230,245 2,705,473
Page 1
Page 2
For the year ending 31 October 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 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
Mrs M Z Cruickshanks
Director
22 July 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
London & Regional Estates (Midlands) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02745946 . The registered office is 5th Floor 167-169 Great Portland Street, London, W1W 5PF.
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. Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.
2.3. 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: 4 (2024: 3)
4 3
4. Investment Property
2025
£
Fair Value
As at 1 November 2024 1,900,000
Disposals (19,847 )
Fair value adjustments 619,847
As at 31 October 2025 2,500,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 1,303,296 1,323,143
Page 3
Page 4
5. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 7,249 7,975
LRE (Preston) Ltd 132,000 132,000
LRE Limited 688,900 888,883
Deferred tax current asset - 84,559
828,149 1,113,417
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 20,621 23,363
VAT 12,617 9,812
LRE Australia - 154,983
Accrued expenses 10,741 60,231
Deferred income 37,000 30,794
Directors' loan accounts 2,937 4,864
83,916 284,047
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 125,484 127,338
8. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 125,484 127,338
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Fair Value Reserve
£
As at 1 November 2024 574,622
Transfer to profit and loss 619,847
As at 31 October 2025 1,194,469
Page 4
Page 5
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr. R. F. Gay by virtue of his majority shareholding.
Page 5