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 03181772 Mrs Lesley Serlin Mr Colin Serlin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03181772 2024-10-31 03181772 2025-10-31 03181772 2024-11-01 2025-10-31 03181772 frs-core:CurrentFinancialInstruments 2025-10-31 03181772 frs-core:Non-currentFinancialInstruments 2025-10-31 03181772 frs-core:BetweenOneFiveYears 2025-10-31 03181772 frs-core:ComputerEquipment 2025-10-31 03181772 frs-core:ComputerEquipment 2024-11-01 2025-10-31 03181772 frs-core:ComputerEquipment 2024-10-31 03181772 frs-core:FurnitureFittings 2024-11-01 2025-10-31 03181772 frs-core:InvestmentPropertyIncludedWithinPPE 2025-10-31 03181772 frs-core:InvestmentPropertyIncludedWithinPPE 2024-11-01 2025-10-31 03181772 frs-core:InvestmentPropertyIncludedWithinPPE 2024-10-31 03181772 frs-core:MotorVehicles 2025-10-31 03181772 frs-core:MotorVehicles 2024-11-01 2025-10-31 03181772 frs-core:MotorVehicles 2024-10-31 03181772 frs-core:PlantMachinery 2025-10-31 03181772 frs-core:PlantMachinery 2024-11-01 2025-10-31 03181772 frs-core:PlantMachinery 2024-10-31 03181772 frs-core:WithinOneYear 2025-10-31 03181772 frs-core:OtherReservesSubtotal 2024-10-31 03181772 frs-core:OtherReservesSubtotal 2025-10-31 03181772 frs-core:ShareCapital 2025-10-31 03181772 frs-core:RetainedEarningsAccumulatedLosses 2024-11-01 2025-10-31 03181772 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-10-31 03181772 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 03181772 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 03181772 frs-bus:FilletedAccounts 2024-11-01 2025-10-31 03181772 frs-bus:SmallEntities 2024-11-01 2025-10-31 03181772 frs-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 03181772 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 03181772 frs-bus:Director1 2024-11-01 2025-10-31 03181772 frs-bus:Director2 2024-11-01 2025-10-31 03181772 frs-countries:EnglandWales 2024-11-01 2025-10-31 03181772 2023-10-31 03181772 2024-10-31 03181772 2023-11-01 2024-10-31 03181772 frs-core:CurrentFinancialInstruments 2024-10-31 03181772 frs-core:Non-currentFinancialInstruments 2024-10-31 03181772 frs-core:BetweenOneFiveYears 2024-10-31 03181772 frs-core:WithinOneYear 2024-10-31 03181772 frs-core:OtherReservesSubtotal 2024-10-31 03181772 frs-core:ShareCapital 2024-10-31 03181772 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31
Registered number: 03181772
London Buildings (Highgate) Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 03181772
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,557,602 4,572,004
4,557,602 4,572,004
CURRENT ASSETS
Debtors 5 57,246,545 38,148,206
Investments 6 10,028,603 30,000,000
Cash at bank and in hand 1,601,935 4,080,741
68,877,083 72,228,947
Creditors: Amounts Falling Due Within One Year 7 (125,527 ) (963,581 )
NET CURRENT ASSETS (LIABILITIES) 68,751,556 71,265,366
TOTAL ASSETS LESS CURRENT LIABILITIES 73,309,158 75,837,370
Creditors: Amounts Falling Due After More Than One Year 8 (26,722 ) (35,896 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (434,562 ) (434,562 )
NET ASSETS 72,847,874 75,366,912
CAPITAL AND RESERVES
Called up share capital 11 2 2
Other reserves 2,234,853 2,234,853
Profit and Loss Account 70,613,019 73,132,057
SHAREHOLDERS' FUNDS 72,847,874 75,366,912
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
Mr Colin Serlin
Director
22/07/2026
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
London Buildings (Highgate) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03181772 . The registered office is 16 Portland Close, Ayelsbury, 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.
2.2. Turnover
Rendering of services
Revenue represents rental income from investment properties and amounts received for the sale of lease extensions and properties developed for sale upon completion. Revenue on rental income is recognised in proportion to the lease agreement with full provision made for all foreseable costs.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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% Reducing balance
Motor Vehicles 20% Reducing balance
Fixtures & Fittings 20% Reducing balance
Computer Equipment 20% Reducing balance
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. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition offinancial 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, an impairment loss is recognised in the Statement of Comprehensive Income.
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.
Page 3
Page 4
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. 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.
2.9. Pensions
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
2.10. 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: 2 (2024: 2)
2 2
Page 4
Page 5
4. Tangible Assets
Investment Properties Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 November 2024 4,500,000 9,099 95,184 2,889 4,607,172
As at 31 October 2025 4,500,000 9,099 95,184 2,889 4,607,172
Depreciation
As at 1 November 2024 - 6,786 27,652 730 35,168
Provided during the period - 463 13,507 432 14,402
As at 31 October 2025 - 7,249 41,159 1,162 49,570
Net Book Value
As at 31 October 2025 4,500,000 1,850 54,025 1,727 4,557,602
As at 1 November 2024 4,500,000 2,313 67,532 2,159 4,572,004
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 485,868 210,401
Prepayments and accrued income 57,318 64,809
Other debtors 56,015,599 37,376,534
Corporation tax recoverable assets 183,375 496,462
Other taxes and social security 7,923 -
56,750,083 38,148,206
Due after more than one year
Corporation tax recoverable assets 496,462 -
57,246,545 38,148,206
6. Current Asset Investments
2025 2024
£ £
Short term deposits 10,028,603 30,000,000
Page 5
Page 6
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 10,545 10,545
Trade creditors 13,265 15,426
Corporation tax - 600,973
Other taxes and social security - 14,127
Other creditors 1,269 105,485
Accruals and deferred income 50,448 167,025
Amounts owed to parent undertaking 50,000 50,000
125,527 963,581
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 26,722 35,896
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,545 10,545
Later than one year and not later than five years 26,722 35,896
37,267 46,441
37,267 46,441
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 434,562 434,562
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Page 6
Page 7
12. Reserves
Other reserves Profit and Loss Account
£ £
As at 1 November 2024 2,234,853 73,132,057
Profit for the year and total comprehensive income - 185,962
Dividends paid - (2,705,000)
As at 31 October 2025 2,234,853 70,613,019
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.
13. Related Party Transactions
At the period end, an amount of £1,228,975 (2024 - £1,470,999) is due from two directors of the company. The loan attracts interest at the rate of 3.13% (2024 - 2.25%) per annum. The interest receivable for the period was £79,021 (2024 - £38,059).
Page 7