Acorah Software Products - Accounts Production 19.3.600 false true 28 February 2025 29 February 2024 false 1 March 2025 28 February 2026 28 February 2026 04892977 H Griffiths T Griffiths T Griffiths iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04892977 2025-02-28 04892977 2026-02-28 04892977 2025-03-01 2026-02-28 04892977 frs-core:CurrentFinancialInstruments 2026-02-28 04892977 frs-core:Non-currentFinancialInstruments 2026-02-28 04892977 frs-core:BetweenOneFiveYears 2026-02-28 04892977 frs-core:ComputerEquipment 2026-02-28 04892977 frs-core:ComputerEquipment 2025-03-01 2026-02-28 04892977 frs-core:ComputerEquipment 2025-02-28 04892977 frs-core:InvestmentPropertyIncludedWithinPPE 2026-02-28 04892977 frs-core:InvestmentPropertyIncludedWithinPPE 2025-03-01 2026-02-28 04892977 frs-core:InvestmentPropertyIncludedWithinPPE 2025-02-28 04892977 frs-core:MotorVehicles 2026-02-28 04892977 frs-core:MotorVehicles 2025-03-01 2026-02-28 04892977 frs-core:MotorVehicles 2025-02-28 04892977 frs-core:PlantMachinery 2026-02-28 04892977 frs-core:PlantMachinery 2025-03-01 2026-02-28 04892977 frs-core:PlantMachinery 2025-02-28 04892977 frs-core:WithinOneYear 2026-02-28 04892977 frs-core:ShareCapital 2026-02-28 04892977 frs-core:RetainedEarningsAccumulatedLosses 2025-03-01 2026-02-28 04892977 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2025-02-28 04892977 frs-core:RetainedEarningsAccumulatedLosses 2026-02-28 04892977 frs-bus:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 04892977 frs-bus:FilletedAccounts 2025-03-01 2026-02-28 04892977 frs-bus:SmallEntities 2025-03-01 2026-02-28 04892977 frs-bus:AuditExempt-NoAccountantsReport 2025-03-01 2026-02-28 04892977 frs-bus:SmallCompaniesRegimeForAccounts 2025-03-01 2026-02-28 04892977 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-01 2026-02-28 04892977 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-02-28 04892977 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2026-02-28 04892977 frs-bus:Director1 2025-03-01 2026-02-28 04892977 frs-bus:Director2 2025-03-01 2026-02-28 04892977 frs-bus:CompanySecretary1 2025-03-01 2026-02-28 04892977 frs-countries:EnglandWales 2025-03-01 2026-02-28 04892977 2024-02-28 04892977 2025-02-28 04892977 2024-02-29 2025-02-28 04892977 frs-core:CurrentFinancialInstruments 2025-02-28 04892977 frs-core:Non-currentFinancialInstruments 2025-02-28 04892977 frs-core:BetweenOneFiveYears 2025-02-28 04892977 frs-core:WithinOneYear 2025-02-28 04892977 frs-core:ShareCapital 2025-02-28 04892977 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 04892977 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-02-28
Registered number: 04892977
Celtic Property Developments Limited
Unaudited Financial Statements
For The Year Ended 28 February 2026
Celtic Property Developments Limited
Contents
Contents

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

Page 1
Celtic Property Developments Limited
Balance Sheet
As At 28 February 2026
Balance Sheet
Registered number: 04892977

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 6,113,455 |  | 6,218,352
|  |  | 6,113,455 |  | 6,218,352
CURRENT ASSETS
Debtors | 5 | 2,937 |  | 177,500 |
Cash at bank and in hand |  | 100,646 |  | 264,638 |
|  | 103,583 |  | 442,138 |
Creditors: Amounts Falling Due Within One Year | 6 | (120,624 ) |  | (137,769 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (17,041 ) |  | 304,369
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 6,096,414 |  | 6,522,721
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (2,774,993 ) |  | (3,349,489 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 10 |  | (391,352 ) |  | (351,496 )
NET ASSETS |  |  | 2,930,069 |  | 2,821,736
CAPITAL AND RESERVES
Called up share capital | 11 |  | 2 |  | 2
Fair value reserve | 12 |  | 2,336,697 |  | 2,371,106
Profit and Loss Account |  |  | 593,370 |  | 450,628
SHAREHOLDERS' FUNDS |  |  | 2,930,069 |  | 2,821,736

Page 1
Page 2
Celtic Property Developments Limited
Balance Sheet (continued)
As At 28 February 2026
For the year ending 28 February 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

T Griffiths Director
06/08/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Celtic Property Developments Limited
Notes to the Financial Statements
For The Year Ended 28 February 2026
Notes to the Financial Statements
1. General Information
Celtic Property Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04892977 . The registered office is 5 Barons Court , Usk, Monmouthshire , NP15 1AY.
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 represents rents receivable and associated charges net of discounts and value added taxes. Turnover is recognised when the services are provided.
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 | 25% reducing balance
Motor Vehicles | 25% reducing balance
Computer Equipment | 33% on cost

2.4. Investment Properties
All investment properties are carried at fair value determined annually by the directors 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.
The fair value reserve is a non-dstributable reserve and records the changes in fair value of investment property taken to the profit and loss account and subsequently transferred to this reserve account. The comparatives have been restated to reflect this accounting policy. The balance sheet value is unchanged.
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. 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.
...CONTINUED
Page 3
Page 4
Celtic Property Developments Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2026
2.6. Taxation - continued
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 (2025: 2)
2 2
4. Tangible Assets

| Investment Properties | Plant & Machinery | Motor Vehicles | Computer Equipment | Total
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Cost
As at 1 March 2025 | 6,115,360 | 16,946 | 136,701 | 2,699 | 6,271,706
Additions | - | - | - | 1,277 | 1,277
Disposals | (80,000 ) | - | - | - | (80,000 )
As at 28 February 2026 | 6,035,360 | 16,946 | 136,701 | 3,976 | 6,192,983
Depreciation
As at 1 March 2025 | - | 16,480 | 34,175 | 2,699 | 53,354
Provided during the period | - | 117 | 25,632 | 425 | 26,174
As at 28 February 2026 | - | 16,597 | 59,807 | 3,124 | 79,528
Net Book Value
As at 28 February 2026 | 6,035,360 | 349 | 76,894 | 852 | 6,113,455
As at 1 March 2025 | 6,115,360 | 466 | 102,526 | - | 6,218,352

Cost or valuation as at 28 February 2026 represented by:

| Investment Properties | Plant & Machinery | Motor Vehicles | Computer Equipment | Total
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
At cost | 3,297,862 | 16,946 | 136,701 | 3,976 | 3,455,485
At valuation | 2,737,498 | - | - | - | 2,737,498
| 6,035,360 | 16,946 | 136,701 | 3,976 | 6,192,983

5. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 1 |  | -
Other debtors | 2,936 |  | 177,500
| 2,937 |  | 177,500

Page 4
Page 5
Celtic Property Developments Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2026
6. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 4,122 |  | 4,122
Trade creditors | 286 |  | 286
Bank loans and overdrafts | 43,506 |  | -
Other creditors | 49,861 |  | 113,249
Taxation and social security | 22,849 |  | 20,112
| 120,624 |  | 137,769

7. Creditors: Amounts Falling Due After More Than One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 86,053 |  | 90,175
Bank loans | 2,688,940 |  | 2,259,314
Other loans | - |  | 1,000,000
| 2,774,993 |  | 3,349,489

8. Secured Creditors
Of the creditors the following amounts are secured. The bank loans are secured on investment property owned by the company.

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 2,732,446 |  | 2,259,314

9. Obligations Under Finance Leases and Hire Purchase

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 4,122 |  | 4,122
Later than one year and not later than five years | 86,053 |  | 90,175
| 90,175 |  | 94,297
Less: Finance charges allocated to future periods | - |  | -
| 90,175 |  | 94,297

10. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Other timing differences | 391,352 |  | 351,496

Page 5
Page 6
Celtic Property Developments Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2026
11. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2 |  | 2

12. Reserves

| Fair value reserve | Profit and Loss Account
--- | --- | ---
| £ | £
As at 1 March 2025 | 2,371,106 | 450,628
Profit for the year and total comprehensive income | - | 173,432
Dividends paid | - | (65,100)
Transfer to/from Fair value reserve | - | 34,410
Transfer to/from Profit & Loss Account | (34,409 ) | -
As at 28 February 2026 | 2,336,697 | 593,370

Page 6