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 04672919 Mr S R Musto Miss M Petrou iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04672919 2025-03-31 04672919 2026-03-31 04672919 2025-04-01 2026-03-31 04672919 frs-core:CurrentFinancialInstruments 2026-03-31 04672919 frs-core:FurnitureFittings 2026-03-31 04672919 frs-core:FurnitureFittings 2025-04-01 2026-03-31 04672919 frs-core:FurnitureFittings 2025-03-31 04672919 frs-core:NetGoodwill 2026-03-31 04672919 frs-core:NetGoodwill 2025-04-01 2026-03-31 04672919 frs-core:NetGoodwill 2025-03-31 04672919 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2026-03-31 04672919 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 04672919 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 04672919 frs-core:RevaluationReserve 2025-04-01 2026-03-31 04672919 frs-core:RevaluationReserve 2025-03-31 04672919 frs-core:RevaluationReserve 2026-03-31 04672919 frs-core:ShareCapital 2026-03-31 04672919 frs-core:RetainedEarningsAccumulatedLosses 2025-04-01 2026-03-31 04672919 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2025-03-31 04672919 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 04672919 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 04672919 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 04672919 frs-bus:SmallEntities 2025-04-01 2026-03-31 04672919 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 04672919 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 04672919 frs-bus:Director1 2025-04-01 2026-03-31 04672919 frs-bus:CompanySecretary1 2025-04-01 2026-03-31 04672919 frs-countries:EnglandWales 2025-04-01 2026-03-31 04672919 2024-03-31 04672919 2025-03-31 04672919 2024-04-01 2025-03-31 04672919 frs-core:CurrentFinancialInstruments 2025-03-31 04672919 frs-core:RevaluationReserve 2025-03-31 04672919 frs-core:ShareCapital 2025-03-31 04672919 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: 04672919
Simon Musto Estates Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Simon Laskey Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04672919
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 900
Tangible Assets 5 1,500,000 915,120
1,500,000 916,020
CURRENT ASSETS
Debtors 6 544,905 541,655
Cash at bank and in hand 2,045 4,258
546,950 545,913
Creditors: Amounts Falling Due Within One Year 7 (103,484 ) (113,402 )
NET CURRENT ASSETS (LIABILITIES) 443,466 432,511
TOTAL ASSETS LESS CURRENT LIABILITIES 1,943,466 1,348,531
NET ASSETS 1,943,466 1,348,531
CAPITAL AND RESERVES
Called up share capital 8 1 1
Revaluation reserve 9 517,658 -
Profit and Loss Account 1,425,807 1,348,530
SHAREHOLDERS' FUNDS 1,943,466 1,348,531
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 S R Musto
Director
25/08/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Simon Musto Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04672919 . The registered office is 1 Piccadilly Buildings, Sheep Street, Kettering, Northants, NN16 0AN.
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 includes revenue earned from the rendering of services. 
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 20 years.
2.4. 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
No depreciation is provided on Freehold Property as the Director considers that the residual value is at least equal to the carrying value.
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.
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2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2025: 4)
1 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2025 30,000
Disposals (30,000 )
As at 31 March 2026 -
Amortisation
As at 1 April 2025 29,100
Provided during the period 900
Disposals (30,000 )
As at 31 March 2026 -
Net Book Value
As at 31 March 2026 -
As at 1 April 2025 900
5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 April 2025 982,342 2,631 984,973
Revaluation 517,658 - 517,658
As at 31 March 2026 1,500,000 2,631 1,502,631
Depreciation
As at 1 April 2025 67,346 2,507 69,853
Provided during the period - 124 124
Disposals (67,346 ) - (67,346 )
As at 31 March 2026 - 2,631 2,631
...CONTINUED
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Net Book Value
As at 31 March 2026 1,500,000 - 1,500,000
As at 1 April 2025 914,996 124 915,120
Cost or valuation as at 31 March 2026 represented by:
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
At cost 982,342 2,631 984,973
At valuation 517,658 - 517,658
1,500,000 2,631 1,502,631
The Freehold Land & Property was revalued by the Director on 31 March 2026.
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 3,250 -
Other debtors 541,655 541,655
544,905 541,655
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 30 2,054
Other creditors 99,811 109,999
Taxation and social security 3,643 1,349
103,484 113,402
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1 1
Page 5
Page 6
9. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 April 2025 - 1,348,530
Profit for year - 77,277
Surplus on revaluation 517,658 -
Other comprehensive income for the year 517,658 -
Total comprehensive income for the year 517,658 77,277
As at 31 March 2026 517,658 1,425,807
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