Acorah Software Products - Accounts Production 19.4.351 false true true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 10569310 Mr Michael Ingall Mr Suresh Gorasia Mr Anthony Rothwell Mr Jack Pinkney true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10569310 2024-12-31 10569310 2025-12-31 10569310 2025-01-01 2025-12-31 10569310 frs-core:CurrentFinancialInstruments 2025-12-31 10569310 frs-core:ComputerEquipment 2025-12-31 10569310 frs-core:ComputerEquipment 2025-01-01 2025-12-31 10569310 frs-core:ComputerEquipment 2024-12-31 10569310 frs-core:FurnitureFittings 2025-12-31 10569310 frs-core:FurnitureFittings 2025-01-01 2025-12-31 10569310 frs-core:FurnitureFittings 2024-12-31 10569310 frs-core:MotorVehicles 2025-12-31 10569310 frs-core:MotorVehicles 2025-01-01 2025-12-31 10569310 frs-core:MotorVehicles 2024-12-31 10569310 frs-core:ShareCapital 2025-12-31 10569310 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 10569310 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 10569310 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 10569310 frs-bus:SmallEntities 2025-01-01 2025-12-31 10569310 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 10569310 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 10569310 1 2025-01-01 2025-12-31 10569310 frs-bus:Director1 2025-01-01 2025-12-31 10569310 frs-bus:Director2 2025-01-01 2025-12-31 10569310 frs-bus:Director3 2025-01-01 2025-12-31 10569310 frs-bus:Director4 2025-01-01 2025-12-31 10569310 frs-countries:EnglandWales 2025-01-01 2025-12-31 10569310 2023-12-31 10569310 2024-12-31 10569310 2024-01-01 2024-12-31 10569310 frs-core:CurrentFinancialInstruments 2024-12-31 10569310 frs-core:ShareCapital 2024-12-31 10569310 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 10569310
Form Property Management Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—5
Page 1
Statement of Financial Position
Registered number: 10569310
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 38,880 22,375
38,880 22,375
CURRENT ASSETS
Debtors 5 2,350,957 1,964,101
Cash at bank and in hand 215,556 402,619
2,566,513 2,366,720
Creditors: Amounts Falling Due Within One Year 6 (305,668 ) (343,634 )
NET CURRENT ASSETS (LIABILITIES) 2,260,845 2,023,086
TOTAL ASSETS LESS CURRENT LIABILITIES 2,299,725 2,045,461
NET ASSETS 2,299,725 2,045,461
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement 2,299,625 2,045,361
SHAREHOLDERS' FUNDS 2,299,725 2,045,461
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
Mr Suresh Gorasia
Director
16 September 2026
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Form Property Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10569310 . The registered office is C/O Allied London, Suite 1, Bonded Warehouse, 18 Lower Byrom Street, Manchester, Greater Manchester, M3 4AP.
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 the provisions of Financial Reporting Standard 102 section 1A small entities, the Financial Reporting Standard applicable in the United Kingdom and the 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 pound. 
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies (see note 2.3).
2.2. Going Concern Disclosure
The directors have assessed the financial performance and note that as at 31 December 2025 the company had net assets of £2,299,725 (2024: £2,045,461) and made a profit after taxation for the financial year of £254,264 (2024: £449,788).
Management has undertaken a thorough going concern review which has included forecasts from 12 months from signing date of the financial statements to ensure the company will continue to be able to meet its liabilities for the next year from the signing date of the accounts. The forecasts included some sensitivity on the income obtained, with expenditure being managed accordingly to maintain sufficient reserves. Furthermore, the company had a cash balance of £215,556 as at 31 December 2025.
Therefore, the board considers that the company will be able to continue to trade as a going concern and meet its liabilities as they fall due.
2.3. Significant judgements and estimations
In preparing these financial statements, the directors consider that there are no significant judgements in applying the accounting policies. Nor are there any key sources of uncertainty.
2.4. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.5. 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:
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 50% Straight Line
Computer Equipment 25% Straight Line
2.6. Financial Instruments
Financial assets 
Financial assets, other than investments and derivatives, are initially measured at transaction price (including transaction costs) and subsequently held at cost, less any impairment. 
Financial liabilities and equity 
Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form. Financial liabilities, excluding convertible debt and derivatives, are initially measured at transaction price (including transaction costs) and subsequently held at amortised cost. 
Page 2
Page 3
2.7. 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 Taxation
Deferred balances are recognised in respect of all timing differences that have originated but not reversed by the statement of financial position date, except: 
• The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; 
• Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and 
• Where timing differences relate to interests in subsidiaries, associates, branches and joint ventures and the group can control their reversal and such reversal is not considered probable in the foreseeable future. 
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. 
Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.9. Dividends
Equity dividends are recognised when they become legally payable. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 45 (2024: 42)
45 42
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2025 35,000 630 48,245 83,875
Additions 19,850 - 10,620 30,470
Disposals - (630 ) (20,244 ) (20,874 )
As at 31 December 2025 54,850 - 38,621 93,471
Depreciation
As at 1 January 2025 27,199 630 33,671 61,500
Provided during the period 5,259 - 8,706 13,965
Disposals - (630 ) (20,244 ) (20,874 )
As at 31 December 2025 32,458 - 22,133 54,591
Net Book Value
As at 31 December 2025 22,392 - 16,488 38,880
As at 1 January 2025 7,801 - 14,574 22,375
Page 3
Page 4
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 195,025 373,789
Prepayments and accrued income 263,963 96,683
Other debtors 91,945 1,938
Amounts owed by related parties 1,800,024 1,491,691
2,350,957 1,964,101
Amounts due from related parties are repayable on demand and not interest bearing.
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 70,765 21,870
Corporation tax 84,899 150,326
VAT 73,696 117,965
Other creditors 11,974 9,372
Accruals and deferred income 64,334 44,101
305,668 343,634
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
8. Financial Instruments
The Company considers that the fair value of cash and cash equivalents, loans, trade and other receivables, and trade and other payables are not materially different to their carrying value. There are no financial instruments held at fair value through profit and loss.
9. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid - 229,167
During the year, the directors of the company did not recommend the payment of a dividend (2024: £2,291.67 per share).
Page 4
Page 5
10. Related Party Transactions
The company has taken advantage of the exemption allowed by Financial Reporting Standard 102, "Related party disclosures" Section 33.1A not to disclose details of related party transactions with entities that are 100% owned members of the same group. There are no other related party transactions other than as disclosed.
All Plus Management Two Limited
All Plus Management Two Limited and Form Property Management Limited share common directors. The company is owed £25 (2024: £25) from All Plus Management Two Limited.
Panorama Capital Limited
Panorama Capital Limited and Form Property Management Limited share common directors. The company is owed £1,516,666 (2024: £1,208,333) from Panorama Capital Limited.
Versa Holdco (Investment) Limited
Versa Holdco (Investments) Limited and Form Property Management Limited share common directors. The company is owed £283,333 (2024: £283,333) from Versa Holdco (Investments) Limited.
11. Ultimate Controlling Party
The directors consider the ultimate controlling party to be M Ingall, who is also a director of the company.
Page 5