Acorah Software Products - Accounts Production 19.3.600 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 01720556 Mr J M Snell Mr M Heywood Mr J M Snell false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01720556 2025-03-31 01720556 2026-03-31 01720556 2025-04-01 2026-03-31 01720556 frs-core:CurrentFinancialInstruments 2026-03-31 01720556 frs-core:PlantMachinery 2026-03-31 01720556 frs-core:PlantMachinery 2025-04-01 2026-03-31 01720556 frs-core:PlantMachinery 2025-03-31 01720556 frs-core:ShareCapital 2026-03-31 01720556 frs-core:RetainedEarningsAccumulatedLosses 2025-04-01 2026-03-31 01720556 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2025-03-31 01720556 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 01720556 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 01720556 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 01720556 frs-bus:SmallEntities 2025-04-01 2026-03-31 01720556 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 01720556 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 01720556 1 2025-04-01 2026-03-31 01720556 frs-core:DeferredTaxation 2025-04-01 2026-03-31 01720556 frs-core:DeferredTaxation 2025-03-31 01720556 frs-core:DeferredTaxation 2026-03-31 01720556 frs-core:OtherProvisionsContingentLiabilities 2025-04-01 2026-03-31 01720556 frs-core:OtherProvisionsContingentLiabilities 2025-03-31 01720556 frs-core:OtherProvisionsContingentLiabilities 2026-03-31 01720556 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 01720556 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2026-03-31 01720556 frs-bus:Director1 2025-04-01 2026-03-31 01720556 frs-bus:Director2 2025-04-01 2026-03-31 01720556 frs-bus:CompanySecretary1 2025-04-01 2026-03-31 01720556 frs-countries:EnglandWales 2025-04-01 2026-03-31 01720556 2024-03-31 01720556 2025-03-31 01720556 2024-04-01 2025-03-31 01720556 frs-core:CurrentFinancialInstruments 2025-03-31 01720556 frs-core:ShareCapital 2025-03-31 01720556 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 01720556 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31
Registered number: 01720556
MENHENITT AND PRIOR (PROPERTIES) LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01720556
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,589 1,870
Investment Properties 5 538,000 587,000
539,589 588,870
CURRENT ASSETS
Debtors 6 30,655 29,828
Cash at bank and in hand 85,391 64,432
116,046 94,260
Creditors: Amounts Falling Due Within One Year 7 (41,083 ) (38,011 )
NET CURRENT ASSETS (LIABILITIES) 74,963 56,249
TOTAL ASSETS LESS CURRENT LIABILITIES 614,552 645,119
PROVISIONS FOR LIABILITIES
Provisions For Charges 8 - (50,000 )
Deferred Taxation (46,609 ) (59,011 )
NET ASSETS 567,943 536,108
CAPITAL AND RESERVES
Called up share capital 9 11,000 11,000
Fair value reserve 10 266,523 303,121
Profit and Loss Account 290,420 221,987
SHAREHOLDERS' FUNDS 567,943 536,108
Page 1
Page 2
For the year ending 31 March 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
Mr J M Snell
Director
18th August 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
MENHENITT AND PRIOR (PROPERTIES) LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 01720556 . The registered office is 20 Bess Park Road, Trenant Industrial Estate, Wadebridge, PL27 6HB.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.  Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Turnover represents the invoices value of rents from light industrial units.
Rental income is recognised on a straight line basis over the life of the lease.
The unearned portion of lease invoices, relating to future periods, is excluded from income and included
in accruals and deferred income.
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 15% 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. 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2025: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost or Valuation
As at 1 April 2025 2,200
As at 31 March 2026 2,200
Depreciation
As at 1 April 2025 330
Provided during the period 281
As at 31 March 2026 611
Net Book Value
As at 31 March 2026 1,589
As at 1 April 2025 1,870
5. Investment Property
2026
£
Fair Value
As at 1 April 2025 587,000
Revaluations (49,000)
As at 31 March 2026 538,000
The freehold investment property was acquired in March 1984. The property was revalued on 31st
March 2026 by the directors.
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 27,223 28,105
Other debtors 3,432 1,723
30,655 29,828
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 93 605
Other creditors 25,374 26,182
Taxation and social security 15,616 11,224
41,083 38,011
Page 4
Page 5
8. Provisions for Liabilities
Deferred Tax Other Provisions Total
£ £ £
As at 1 April 2025 59,011 50,000 109,011
Reversals - (50,000 ) (50,000)
Deferred taxation (12,402 ) - (12,402 )
Balance at 31 March 2026 46,609 - 46,609
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 11,000 11,000
10. Reserves
Fair value reserve Profit and Loss Account
£ £
As at 1 April 2025 303,121 221,987
Profit for the year and total comprehensive income - 58,435
Dividends paid - (26,600)
Movements in fair value reserve (36,598) -
Transfer to/from Fair value reserve - 36,598
As at 31 March 2026 266,523 290,420
11. Controlling Party
The company's controlling party are the directors by virtue of their ownership of 81.8% of the issued share capital in the company.
Page 5