Acorah Software Products - Accounts Production 19.4.300 false true true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 13663628 S Noussis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13663628 2024-12-31 13663628 2025-12-31 13663628 2025-01-01 2025-12-31 13663628 frs-core:CurrentFinancialInstruments 2025-12-31 13663628 frs-core:Non-currentFinancialInstruments 2025-12-31 13663628 frs-core:ShareCapital 2025-12-31 13663628 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 13663628 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 13663628 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 13663628 frs-bus:SmallEntities 2025-01-01 2025-12-31 13663628 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 13663628 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 13663628 frs-core:RevaluationInvestmentPropertyDeferredTax 2025-12-31 13663628 frs-bus:Director1 2025-01-01 2025-12-31 13663628 frs-countries:EnglandWales 2025-01-01 2025-12-31 13663628 2023-12-31 13663628 2024-12-31 13663628 2024-01-01 2024-12-31 13663628 frs-core:CurrentFinancialInstruments 2024-12-31 13663628 frs-core:Non-currentFinancialInstruments 2024-12-31 13663628 frs-core:ShareCapital 2024-12-31 13663628 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 13663628
Credence Capital Propco 2 Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Wyche Accountancy Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13663628
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 42,592,835 16,592,835
42,592,835 16,592,835
CURRENT ASSETS
Debtors 5 1,805,714 1,702,036
Cash at bank and in hand 1,346,183 5,067,971
3,151,897 6,770,007
Creditors: Amounts Falling Due Within One Year 6 (1,709,048 ) (264,485 )
NET CURRENT ASSETS (LIABILITIES) 1,442,849 6,505,522
TOTAL ASSETS LESS CURRENT LIABILITIES 44,035,684 23,098,357
Creditors: Amounts Falling Due After More Than One Year 7 (29,309,497 ) (10,528,611 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (183,000 ) (183,000 )
Deferred Taxation 9 (638,816 ) -
NET ASSETS 13,904,371 12,386,746
CAPITAL AND RESERVES
Called up share capital 10 13,174,208 13,174,208
Profit and Loss Account 730,163 (787,462 )
SHAREHOLDERS' FUNDS 13,904,371 12,386,746
Page 1
Page 2
For the year ending 31 December 2025 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
S Noussis
Director
17 September 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
Credence Capital Propco 2 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13663628 . The registered office is 483 Green Lanes, London, N13 4BS.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 property, including rental and associated services.
2.4. Investment Properties
All investment properties are carried at fair value determined annually by managment 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
Page 3
Page 4
4. Investment Property
2025
£
Fair Value
As at 1 January 2025 16,592,835
Additions 23,444,735
Fair value adjustments 2,555,265
As at 31 December 2025 42,592,835
The valuation of investment property has been estimated by management as at the year end date.
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 104,836 215
Prepayments and accrued income 94,581 1,024,767
Other debtors 4,905 287,560
Amounts owed by group undertakings 1,000,500 -
1,204,822 1,312,542
Due after more than one year
Other debtors 78,457 -
Deferred tax asset 522,435 389,494
600,892 389,494
1,805,714 1,702,036
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 132,058 6,901
Bank loans and overdrafts 300,000 -
Other creditors 1,135,408 211,030
Taxation and social security 141,582 46,554
1,709,048 264,485
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 17,725,000 -
Loan notes owed to parent company 11,584,497 10,528,611
29,309,497 10,528,611
The loan notes are interest free, but were issued at a discount to the nominal value, which is being amortised in the profit and loss account over the term of the agreement for accounting purposes.  The loan notes are repayable on 31 December 2027 or a later date as agreed by the two parties.
Page 4
Page 5
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured by a charge on the company's investment property.
2025 2024
£ £
Bank loans and overdrafts 18,025,000 -
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Revaluation of investment properties 638,816 -
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 13,174,208 13,174,208
Page 5