Acorah Software Products - Accounts Production 19.3.600 false true 31 December 2024 1 January 2024 false 21 September 2026 1 January 2025 31 December 2025 31 December 2025 01319182 L S Johnson B P Mainwaring E M Sinnott S Boardman P C Ferguson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01319182 2024-12-31 01319182 2025-12-31 01319182 2025-01-01 2025-12-31 01319182 frs-core:CurrentFinancialInstruments 2025-12-31 01319182 frs-core:OtherReservesSubtotal 2025-12-31 01319182 frs-core:ShareCapital 2025-12-31 01319182 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 01319182 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 01319182 frs-bus:SmallEntities 2025-01-01 2025-12-31 01319182 frs-bus:Audited 2025-01-01 2025-12-31 01319182 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 01319182 frs-bus:Director1 2025-01-01 2025-12-31 01319182 frs-bus:Director2 2025-01-01 2025-12-31 01319182 frs-bus:Director3 2025-01-01 2025-12-31 01319182 frs-bus:Director4 2025-01-01 2025-12-31 01319182 frs-bus:Director5 2025-01-01 2025-12-31 01319182 frs-countries:EnglandWales 2025-01-01 2025-12-31 01319182 2023-12-31 01319182 2024-12-31 01319182 2024-01-01 2024-12-31 01319182 frs-core:CurrentFinancialInstruments 2024-12-31 01319182 frs-core:OtherReservesSubtotal 2024-12-31 01319182 frs-core:ShareCapital 2024-12-31
Registered number: 01319182
Lord Street Management Limited
Financial Statements
For The Year Ended 31 December 2025
Stubbs Parkin
55 Hoghton Street
Southport
Merseyside
PR9 0PG
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 01319182
2025 2024
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 31,659 29,672
Cash at bank and in hand 101,365 153,328
133,024 183,000
Creditors: Amounts Falling Due Within One Year 5 (101,583 ) (135,559 )
NET CURRENT ASSETS (LIABILITIES) 31,441 47,441
TOTAL ASSETS LESS CURRENT LIABILITIES 31,441 47,441
NET ASSETS 31,441 47,441
CAPITAL AND RESERVES
Called up share capital 70 70
Sinking fund 31,371 47,371
SHAREHOLDERS' FUNDS 31,441 47,441
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 21 September 2026 and were signed on its behalf by:
L S Johnson
Director
21st September 2026
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Lord Street Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01319182 . The registered office is 55 Hoghton Street, Southport, Merseyside, PR9 0PG. 
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary 
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting 
policies adopted are set out below.
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises service charge income when the service charge expenditure can be recovered from individual leaseholders under the terms of the lease. The service charge received on account in excess of service charge expenditure is recorded as amounts due to leaseholders and included in creditors amounts falling due within one year. Amounts due from leaseholders under the terms of the lease are shown in debtors. 
Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding and the effective interest rate applicable.
2.3. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. 
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
...CONTINUED
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2.3. Financial Instruments - continued
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to 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.
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.4. Taxation
The tax expense for the period comprises current 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.
2.5. Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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2.6. Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. No dividends are payable on equity instruments.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
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4. Debtors
2025 2024
£ £
Due within one year
Trade debtors 28,508 25,919
Other debtors 3,151 3,753
31,659 29,672
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,522 19,138
Other creditors 97,772 115,762
Taxation and social security 289 659
101,583 135,559
6. Related Party Transactions
The directors are related parties and like all leaseholders pay service charges, the service charge paid on account was £1,800 (2024 £1,800)
7. Major repairs provision
Agreements entered into by the company, the individual shareholders and the freehold owner of the property, lay down that annual provision be made in order to equalise the cost of major repairs to the structure and fittings of the property which are expected to be incurred at irregular intervals. A provision of £nil (2024 £nil)  has been included in these accounts. During the period £10,000 (2024 £14,000) has been transferred from the fund to cover expenditure in the year. The amount provided at 31st December 2025 is £37,371 (2024 £47,371). This provision may not be sufficient to meet such future expenditure.
8. Audit Information
The auditor's report on the accounts of Lord Street Management Limited for the year ended 31 December 2025 was unqualified.
The auditor's report was signed by Katharine Thompson (Senior Statutory Auditor) for and on behalf of Stubbs Parkin Limited, 55 Hoghton Street, Southport, Merseyside, PR9 0PG , Statutory Auditor.
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