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Registered number: 12918943
Roger George Properties Ltd
Unaudited Financial Statements
For The Year Ended 30 October 2025
Beach Accountants Limited
Chartered Certified Accountants
10 Blue Sky Way
Monkton Business Park South
Hebburn
South Tyneside
NE31 2EQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12918943
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 239 319
Investment Properties 5 90,000 90,000
90,239 90,319
CURRENT ASSETS
Cash at bank and in hand 3,137 410
3,137 410
Creditors: Amounts Falling Due Within One Year 6 (68,257 ) (67,016 )
NET CURRENT ASSETS (LIABILITIES) (65,120 ) (66,606 )
TOTAL ASSETS LESS CURRENT LIABILITIES 25,119 23,713
Creditors: Amounts Falling Due After More Than One Year 7 (64,295 ) (64,295 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (333 ) (348 )
NET LIABILITIES (39,509 ) (40,930 )
CAPITAL AND RESERVES
Called up share capital 9 8 8
Revaluation reserve 10 1,221 1,221
Profit and Loss Account (40,738 ) (42,159 )
SHAREHOLDERS' FUNDS (39,509) (40,930)
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Page 2
For the year ending 30 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
Mr Oliver Lee
Director
31/03/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Roger George Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12918943 . The registered office is 80 Compair Crescent, Ipswich, Suffolk, IP2 0EH.
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 are prepared in sterling, which is the functional currency of the entity.
2.2. Going Concern Disclosure
At the balance sheet date, the company had net liabilities of £39,350 (2024: £40,930).The Director is of the opinion that the financial statements have been properly prepared on the going concern basis on the understanding that the director will continue to support the company financially and that the director's loan account (shown in note 6) will not be recalled in the foreseeable future.
2.3. Turnover
Turnover is measured at the fair value of the rental income received in the normal course of business.
2.4. 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 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.5. 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.
2.6. Financial Instruments
Financial assets and liabilities are only offset in the statement of financial position when. and only when there exists a legally enforceable right to set off the recognise amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through the Profit and Loss Account, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled. b) the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset. or c) the Company. despite having retained some, but not all significant risks and rewards of ownership. has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
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2.7. 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: 2 (2024: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 31 October 2024 758
As at 30 October 2025 758
Depreciation
As at 31 October 2024 439
Provided during the period 80
As at 30 October 2025 519
Net Book Value
As at 30 October 2025 239
As at 31 October 2024 319
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5. Investment Property
2025
£
Fair Value
As at 31 October 2024 and 30 October 2025 90,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 88,491 88,491
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 3,195 3,195
Accruals and deferred income 756 580
Directors' loan accounts 64,306 63,241
68,257 67,016
The above Director's loan is unsecured, interest free and repayable on demand.
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 64,295 64,295
At the statement of financial position date, Fleet Mortgages Limited held a fixed charge dated 19 November 2021 over the property detailed in note 5.
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Accelerated capital allowances 46 61
Revaluation of investment properties 287 287
333 348
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 8 8
Page 5
Page 6
10. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 31 October 2024 1,221 (42,159 )
Profit for the year and total comprehensive income - 1,421
As at 30 October 2025 1,221 (40,738 )
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