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 02918734 Mr Keith Zerdin Mrs Emma Berg Mrs Esther Jacqui Zerdin Mr Keith Zerdin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02918734 2024-10-31 02918734 2025-10-31 02918734 2024-11-01 2025-10-31 02918734 frs-core:CurrentFinancialInstruments 2025-10-31 02918734 frs-core:Non-currentFinancialInstruments 2025-10-31 02918734 frs-core:PlantMachinery 2025-10-31 02918734 frs-core:PlantMachinery 2024-11-01 2025-10-31 02918734 frs-core:PlantMachinery 2024-10-31 02918734 frs-core:OtherReservesSubtotal 2024-11-01 2025-10-31 02918734 frs-core:OtherReservesSubtotal 2024-10-31 02918734 frs-core:OtherReservesSubtotal 2025-10-31 02918734 frs-core:ShareCapital 2025-10-31 02918734 frs-core:RetainedEarningsAccumulatedLosses 2024-11-01 2025-10-31 02918734 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-10-31 02918734 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 02918734 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 02918734 frs-bus:FilletedAccounts 2024-11-01 2025-10-31 02918734 frs-bus:SmallEntities 2024-11-01 2025-10-31 02918734 frs-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 02918734 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 02918734 frs-core:CostValuation 2024-10-31 02918734 frs-core:CostValuation 2025-10-31 02918734 frs-core:ProvisionsForImpairmentInvestments 2024-10-31 02918734 frs-core:ProvisionsForImpairmentInvestments 2025-10-31 02918734 frs-bus:Director1 2024-11-01 2025-10-31 02918734 frs-bus:Director2 2024-11-01 2025-10-31 02918734 frs-bus:Director3 2024-11-01 2025-10-31 02918734 frs-bus:CompanySecretary1 2024-11-01 2025-10-31 02918734 frs-countries:NorthernIreland 2024-11-01 2025-10-31 02918734 2023-10-31 02918734 2024-10-31 02918734 2023-11-01 2024-10-31 02918734 frs-core:CurrentFinancialInstruments 2024-10-31 02918734 frs-core:Non-currentFinancialInstruments 2024-10-31 02918734 frs-core:OtherReservesSubtotal 2024-10-31 02918734 frs-core:ShareCapital 2024-10-31 02918734 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31
Registered number: 02918734
London Buildings (Camden) Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
London Buildings (Camden) Limited
Contents
Contents

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

Page 1
London Buildings (Camden) Limited
Balance Sheet
As At 31 October 2025
Balance Sheet
Registered number: 02918734

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 3,776 |  | 5,034
Investment Properties | 5 |  | 6,975,000 |  | 8,344,031
Investments | 6 |  | 187,550 |  | 187,550
|  |  | 7,166,326 |  | 8,536,615
CURRENT ASSETS
Debtors | 7 | 9,843,837 |  | 9,862,183 |
Investments | 8 | 4,250,000 |  | 4,250,000 |
Cash at bank and in hand |  | 412,219 |  | 457,569 |
|  | 14,506,056 |  | 14,569,752 |
Creditors: Amounts Falling Due Within One Year | 9 | (768,897 ) |  | (773,538 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 13,737,159 |  | 13,796,214
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 20,903,485 |  | 22,332,829
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (44,180 ) |  | (386,438 )
NET ASSETS |  |  | 20,859,305 |  | 21,946,391
CAPITAL AND RESERVES
Called up share capital | 10 |  | 100 |  | 100
Other reserves |  |  | 236,790 |  | 1,263,563
Profit and Loss Account |  |  | 20,622,415 |  | 20,682,728
SHAREHOLDERS' FUNDS |  |  | 20,859,305 |  | 21,946,391

Page 1
Page 2
London Buildings (Camden) Limited
Balance Sheet (continued)
As At 31 October 2025
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 Emma Berg Director
24/07/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
London Buildings (Camden) Limited
Notes to the Financial Statements
For The Year Ended 31 October 2025
Notes to the Financial Statements
1. General Information
London Buildings (Camden) Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number 02918734 . The registered office is 16 Portland Close, Broughton, Aylesbury, HP22 7DG.
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 company and its subsidiaries form a small group. The company is therefore not required to produce consolidated financial statements and has not done so. These financial statements present information about the company as a single entity.
2.2. Turnover
Turnover represents rental income from investment properties and amounts received for the sale of lease extensions and properties developed for sale upon completion. Turnover on rental income is recognised in proportion to the lease agreement with full provision made for all foreseable costs. Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:

Plant & Machinery | 20%

2.4. 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.
2.5. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, animpairment loss is recognised in the Profit and Loss Account.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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London Buildings (Camden) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
2.6. 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.
2.7. Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
2.8. Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets

| Plant & Machinery
--- | ---
| £
Cost or Valuation
As at 1 November 2024 | 15,375
As at 31 October 2025 | 15,375
Depreciation
As at 1 November 2024 | 10,341
Provided during the period | 1,258
As at 31 October 2025 | 11,599
Net Book Value
As at 31 October 2025 | 3,776
As at 1 November 2024 | 5,034

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London Buildings (Camden) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 November 2024 | 8,344,031
Fair value adjustments | (1,369,031 )
As at 31 October 2025 | 6,975,000

The 2025 valuations were made by the directors, on an open market basis, with reference to a formal valuation carried out by an independent external valuer subsequent to the year end. The directors consider that there have been no material changes in market conditions between the balance sheet date and the date of valuation and therefore the valuation is considered to be representative of the fair value of the property at the balance sheet date.
If investment property had been accounted for under historical cost accounting rules, the amounts would be:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Cost | 6,694,031 |  | 6,694,031

6. Investments

| Subsidiaries | Associates | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 November 2024 | 187,549 | 1 | 187,550
As at 31 October 2025 | 187,549 | 1 | 187,550
Provision
As at 1 November 2024 | - | - | -
As at 31 October 2025 | - | - | -
Net Book Value
As at 31 October 2025 | 187,549 | 1 | 187,550
As at 1 November 2024 | 187,549 | 1 | 187,550

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 119,405 |  | 2,750
Prepayments and accrued income | 101,063 |  | 88,611
Other debtors | 2,233,288 |  | 1,570,880
Corporation tax recoverable assets | - |  | 654,131
Amounts owed by subsidiaries | 6,645,888 |  | 7,545,811
| 9,099,644 |  | 9,862,183
Due after more than one year
Corporation tax recoverable assets | 744,193 |  | -
| 9,843,837 |  | 9,862,183

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London Buildings (Camden) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
8. Current Asset Investments

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Short term deposits | 4,250,000 |  | 4,250,000

9. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 29,969 |  | 25,256
Corporation tax | 293,478 |  | 312,590
Other taxes and social security | 32,746 |  | 5,796
Other creditors | 327,064 |  | 350,380
Accruals and deferred income | 85,640 |  | 79,516
| 768,897 |  | 773,538

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

11. Directors Advances, Credits and Guarantees
At the year end, an amount of £2,232,908 (2024: £1,569,094) is due from two directors of the company. The loan attracts interest at the rate of 3.125% (2024: 2.25%) per annum. The interest receivable for the year was £58,619 (2024: £27,302).
12. Reserves

| Other reserves | Profit and Loss Account
--- | --- | ---
| £ | £
As at 1 November 2024 | 1,263,563 | 20,682,728
Loss for the year and total comprehensive income | - | (821,640 )
Dividends paid | - | (265,446)
Transfer to/from Other Reserves | - | 1,026,773
Transfer to/from Profit & Loss Account | (1,026,773 ) | -
As at 31 October 2025 | 236,790 | 20,622,415

Other reserves
This reserve comprises the accumulated movements in the fair value of investment properties and the associated deferred tax provision.
Profit and loss account
This reserve comprises the accumulated profits less dividends.
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