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Registered number: 13289313
Air Social Property Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13289313
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 122,538 132,620
Investment Properties 5 795,000 795,000
917,538 927,620
CURRENT ASSETS
Debtors 6 21,201 22,535
Cash at bank and in hand 448 710
21,649 23,245
Creditors: Amounts Falling Due Within One Year 7 (227,012 ) (237,630 )
NET CURRENT ASSETS (LIABILITIES) (205,363 ) (214,385 )
TOTAL ASSETS LESS CURRENT LIABILITIES 712,175 713,235
Creditors: Amounts Falling Due After More Than One Year 8 (368,979 ) (415,645 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (85,081 ) (73,679 )
NET ASSETS 258,115 223,911
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account 258,114 223,910
SHAREHOLDERS' FUNDS 258,115 223,911
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 her 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
Ms Alexandra Vinall
Director
25 August 2026
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Air Social Property Ltd is a private company, limited by shares, incorporated in England & Wales, the registered number is 13289313 . The registered office is Leapale House, Leapale Lane, Guildford, Surrey, GU1 4LY.
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, net of discounts and value added taxes. Turnover is recognised at the point of invoice. 
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 and machinery 4% Straight line
Fixtures and fittings 25% Straight line
2.4. Investment Properties
The company’s investment property was revalued to fair value in the previous financial year. The property, with an original cost of £556,585, was valued at £795,000 at that time. The valuation was provided by the director, based on their assessment of the property’s open market value and market conditions at the date of valuation.
2.5. Financial Instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.
Trade debtors and creditors are classified as basic financial instruments and are recognised at transaction price less any impairment. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.
Other debtors and creditors are measured at amortised cost using the effective interest rate method. 
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.
Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received.
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2.6. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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
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 asset reflects 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2025: 1)
1 1
4. Tangible Assets
Plant and machinery Fixtures and fittings Total
£ £ £
Cost
As at 1 April 2025 149,068 29,924 178,992
As at 31 March 2026 149,068 29,924 178,992
Depreciation
As at 1 April 2025 20,567 25,805 46,372
Provided during the period 5,963 4,119 10,082
As at 31 March 2026 26,530 29,924 56,454
Net Book Value
As at 31 March 2026 122,538 - 122,538
As at 1 April 2025 128,501 4,119 132,620
5. Investment Property
2026
£
Fair Value
As at 1 April 2025 and 31 March 2026 795,000
6. Debtors
2026 2025
£ £
Due within one year
Other debtors 21,201 22,535
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 16,464 17,844
Bank loans and overdrafts 30,297 26,001
Amounts owed to participating interests 174,840 188,418
Taxation and social security 5,411 5,367
227,012 237,630
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8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 368,979 415,645
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2026 2025
£ £
Bank loans 225,177 290,381
9. Secured Creditors
Of the creditors the following amounts are secured.
The bank loan is secured against Leapale House, Leapale Lane, Guildford, Surrey, England, GU1 4LY.
2026 2025
£ £
Bank loans and overdrafts 399,276 441,646
10. Related Party Transactions
The amount due to related party at the year end was £174,840 (2025 : £188,418).
The balance represents an interest free loan which is repayable on demand.
During the year, the company charged the related party £107,340 (2025: £107,340) for the rental of investment property.
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