Acorah Software Products - Accounts Production 19.3.600 false true 5 April 2025 6 April 2024 false 6 April 2025 5 April 2026 5 April 2026 04026661 Mr J F Morgan Mrs P J Aldous iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04026661 2025-04-05 04026661 2026-04-05 04026661 2025-04-06 2026-04-05 04026661 frs-core:CurrentFinancialInstruments 2026-04-05 04026661 frs-core:ComputerEquipment 2026-04-05 04026661 frs-core:ComputerEquipment 2025-04-06 2026-04-05 04026661 frs-core:ComputerEquipment 2025-04-05 04026661 frs-core:FurnitureFittings 2026-04-05 04026661 frs-core:FurnitureFittings 2025-04-06 2026-04-05 04026661 frs-core:FurnitureFittings 2025-04-05 04026661 frs-core:ShareCapital 2026-04-05 04026661 frs-core:RetainedEarningsAccumulatedLosses 2026-04-05 04026661 frs-bus:PrivateLimitedCompanyLtd 2025-04-06 2026-04-05 04026661 frs-bus:FilletedAccounts 2025-04-06 2026-04-05 04026661 frs-bus:SmallEntities 2025-04-06 2026-04-05 04026661 frs-bus:AuditExempt-NoAccountantsReport 2025-04-06 2026-04-05 04026661 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-06 2026-04-05 04026661 frs-bus:Director1 2025-04-06 2026-04-05 04026661 frs-bus:Director2 2025-04-06 2026-04-05 04026661 frs-core:CurrentFinancialInstruments 9 2026-04-05 04026661 frs-countries:EnglandWales 2025-04-06 2026-04-05 04026661 2024-04-05 04026661 2025-04-05 04026661 2024-04-06 2025-04-05 04026661 frs-core:CurrentFinancialInstruments 2025-04-05 04026661 frs-core:ShareCapital 2025-04-05 04026661 frs-core:RetainedEarningsAccumulatedLosses 2025-04-05 04026661 frs-core:CurrentFinancialInstruments 9 2025-04-05
Registered number: 04026661
Penny Stones Limited
Unaudited Financial Statements
For The Year Ended 5 April 2026
Cornfield Accountants Limited
Chartered Accountants
5 Cornfield Terrace
Eastbourne
East Sussex
BN21 4NN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04026661
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 736 -
Investment Properties 5 123,702 120,000
124,438 120,000
CURRENT ASSETS
Debtors 6 30,864 17,480
Cash at bank and in hand 8,534 14,363
39,398 31,843
Creditors: Amounts Falling Due Within One Year 7 (14,015 ) (14,788 )
NET CURRENT ASSETS (LIABILITIES) 25,383 17,055
TOTAL ASSETS LESS CURRENT LIABILITIES 149,821 137,055
NET ASSETS 149,821 137,055
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 149,721 136,955
SHAREHOLDERS' FUNDS 149,821 137,055
Page 1
Page 2
For the year ending 5 April 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.
The financial statements were approved by the board of directors on 10 August 2026 and were signed on its behalf by:
Mrs P J Aldous
Director
10/08/2026
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
Penny Stones Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04026661 . The registered office is 5 Cornfield Terrace, Eastbourne, East Sussex, BN21 4NN.
The presentation currency of the financial statements is the Pound Sterling (£).  
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 is measured at the fair value of the consideration received or receivable, net of discounts, rebates and value added 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:
Fixtures & Fittings 25% reducing balance
Computer Equipment 3 year straight line
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. 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
2.5. 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 as follows: 2 (2025: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost or Valuation
As at 6 April 2025 - - -
Additions 148 938 1,086
As at 5 April 2026 148 938 1,086
Depreciation
As at 6 April 2025 - - -
Provided during the period 37 313 350
As at 5 April 2026 37 313 350
Net Book Value
As at 5 April 2026 111 625 736
As at 6 April 2025 - - -
5. Investment Property
2026
£
Fair Value
As at 6 April 2025 120,000
Revaluations 3,702
As at 5 April 2026 123,702
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
Page 4
Page 5
2026 2025
£ £
Cost 237,539 237,539
6. Debtors
2026 2025
£ £
Due within one year
VAT 528 -
Amounts owed by group undertakings 30,336 17,480
30,864 17,480
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 393 -
Corporation tax 1,954 2,619
VAT - 500
Other creditors 7,502 7,502
Accruals and deferred income 1,149 1,150
Amounts owed to parent undertaking 3,017 3,017
14,015 14,788
8. Related Party Transactions
Van-Dare Properties Limited and Ardnusbridge Investments Limited both own 50% of the share capital of the company.
Included in debtors is an amount owed from Van-Dare Properties Limited of £30,242 (2025 - £17,480 owed to Van-Dare Properties Limited).
Included in creditors is an amount owed to Ardnusbridge Investments Limited of £3,017 (2025 - £3,017).
Page 5