Acorah Software Products - Accounts Production 19.4.351 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 04032295 Mrs Wendy Broughton Mr Thomas Wilks Mr Michael Wiltshire Mrs Wendy Broughton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04032295 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2025-12-31 04032295 2024-12-31 04032295 2025-12-31 04032295 2025-01-01 2025-12-31 04032295 frs-core:CurrentFinancialInstruments 2025-12-31 04032295 frs-core:Non-currentFinancialInstruments 2025-12-31 04032295 frs-core:ComputerEquipment 2025-12-31 04032295 frs-core:ComputerEquipment 2025-01-01 2025-12-31 04032295 frs-core:ComputerEquipment 2024-12-31 04032295 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-12-31 04032295 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 04032295 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 04032295 frs-core:MotorVehicles 2025-12-31 04032295 frs-core:MotorVehicles 2025-01-01 2025-12-31 04032295 frs-core:MotorVehicles 2024-12-31 04032295 frs-core:PlantMachinery 2025-12-31 04032295 frs-core:PlantMachinery 2025-01-01 2025-12-31 04032295 frs-core:PlantMachinery 2024-12-31 04032295 frs-core:RevaluationReserve 2024-12-31 04032295 frs-core:RevaluationReserve 2025-12-31 04032295 frs-core:ShareCapital 2025-12-31 04032295 frs-core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 04032295 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-12-31 04032295 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 04032295 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 04032295 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 04032295 frs-bus:SmallEntities 2025-01-01 2025-12-31 04032295 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 04032295 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 04032295 frs-bus:Director1 2025-01-01 2025-12-31 04032295 frs-bus:Director2 2025-01-01 2025-12-31 04032295 frs-bus:Director3 2025-01-01 2025-12-31 04032295 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 04032295 frs-countries:EnglandWales 2025-01-01 2025-12-31 04032295 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-12-31 04032295 2023-12-31 04032295 2024-12-31 04032295 2024-01-01 2024-12-31 04032295 frs-core:CurrentFinancialInstruments 2024-12-31 04032295 frs-core:Non-currentFinancialInstruments 2024-12-31 04032295 frs-core:RevaluationReserve 2024-12-31 04032295 frs-core:ShareCapital 2024-12-31 04032295 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 04032295
Sleaford Leisure Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Mumby Heppenstall
Chartered Accountants
Wellingore Hall
Wellingore
Lincoln
LN5 0HX
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 04032295
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,579,118 7,555,116
7,579,118 7,555,116
CURRENT ASSETS
Stocks 5 142,462 196,370
Debtors 6 60,695 116,544
Cash at bank and in hand 40,731 33,415
243,888 346,329
Creditors: Amounts Falling Due Within One Year 7 (611,237 ) (583,619 )
NET CURRENT ASSETS (LIABILITIES) (367,349 ) (237,290 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,211,769 7,317,826
Creditors: Amounts Falling Due After More Than One Year 8 (585,000 ) (702,460 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,084,862 ) (1,090,863 )
NET ASSETS 5,541,907 5,524,503
CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 4,484,953 4,484,953
Income Statement 1,056,854 1,039,450
SHAREHOLDERS' FUNDS 5,541,907 5,524,503
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 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 Income Statement.
On behalf of the board
Mrs Wendy Broughton
Director
23rd September 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
Sleaford Leisure Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04032295 . The registered office is Wellingore Hall, Wellingore, Lincoln, LN5 0HX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets 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 represents the sale of farm crops and grants and subsidies received, excluding Value Added Tax.
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:
Freehold 5% reducing balance
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Stocks and Work in Progress
The valuation is prepared by the director in accordance with accounting standards and is valued at the lower of cost and fair value less costs to complete and sell after making due allowance for slow moving items.  Costs include any cost of production incurred to bring the sotck to its state at the balance sheet date.
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.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement in the period to which they relate.
Page 3
Page 4
2.7. Government Grant
Government grants are recognised in the income statement when all performance criteria attached to the grant have been fulfilled.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2025 7,512,900 277,227 4,021 1,662 7,795,810
Additions - 41,254 - - 41,254
Disposals - (15,600 ) - - (15,600 )
As at 31 December 2025 7,512,900 302,881 4,021 1,662 7,821,464
Depreciation
As at 1 January 2025 - 235,185 4,012 1,497 240,694
Provided during the period - 16,522 2 42 16,566
Disposals - (14,914 ) - - (14,914 )
As at 31 December 2025 - 236,793 4,014 1,539 242,346
Net Book Value
As at 31 December 2025 7,512,900 66,088 7 123 7,579,118
As at 1 January 2025 7,512,900 42,042 9 165 7,555,116
Cost or valuation as at 31 December 2025 represented by:
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
At cost 2,168,251 302,881 4,021 1,662 2,476,815
At valuation 5,344,649 - - - 5,344,649
7,512,900 302,881 4,021 1,662 7,821,464
Land and buildings were valued on an open market basis on 31 December 2018 by the directors.
Page 4
Page 5
If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:
Land & Property
Freehold
£
Cost 2,168,251
5. Stocks
2025 2024
£ £
Stock 142,462 196,370
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 50,562 102,621
Other debtors 10,133 13,923
60,695 116,544
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 19,905 11,358
Bank loans and overdrafts 97,499 448,520
Other creditors 493,487 113,794
Taxation and social security 346 9,947
611,237 583,619
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 585,000 702,460
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2025 2024
£ £
Bank loans 585,000 451,908
Page 5
Page 6
9. Secured Creditors
Of the creditors the following amounts are secured by a debenture incorporating the assets and undertakings of the company, a first legal charge over 740 acres at Temple Bruer farm.  Mrs Wendy Broughton has also made personal guaantees, supported by charges over Temple Bruer Farmhouse, and a property in Ewerby.
2025 2024
£ £
Bank loans and overdrafts 597,164 1,150,980
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Reserves
Revaluation reserve Income Statement
£ £
As at 1 January 2025 4,484,953 1,039,450
Profit for the year and total comprehensive income - 17,404
As at 31 December 2025 4,484,953 1,056,854
12. Related Party Transactions
At the year end the company owed the director £408,495  (2024: £37,442).  This amount is unsecured, interest free and repayable on demand.
Page 6