Acorah Software Products - Accounts Production 19.4.351 false true 30 September 2024 1 October 2023 false 1 October 2024 30 September 2025 30 September 2025 03522414 I Fern iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03522414 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2025-09-30 03522414 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2025-09-30 03522414 2024-09-30 03522414 2025-09-30 03522414 2024-10-01 2025-09-30 03522414 frs-core:CurrentFinancialInstruments 2025-09-30 03522414 frs-core:Non-currentFinancialInstruments 2025-09-30 03522414 frs-core:PlantMachinery 2025-09-30 03522414 frs-core:PlantMachinery 2024-10-01 2025-09-30 03522414 frs-core:PlantMachinery 2024-09-30 03522414 frs-core:ShareCapital 2025-09-30 03522414 frs-core:RetainedEarningsAccumulatedLosses 2024-10-01 2025-09-30 03522414 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-09-30 03522414 frs-core:RetainedEarningsAccumulatedLosses 2025-09-30 03522414 frs-bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 03522414 frs-bus:FilletedAccounts 2024-10-01 2025-09-30 03522414 frs-bus:SmallEntities 2024-10-01 2025-09-30 03522414 frs-bus:AuditExempt-NoAccountantsReport 2024-10-01 2025-09-30 03522414 frs-bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 03522414 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-09-30 03522414 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-09-30 03522414 frs-bus:Director1 2024-10-01 2025-09-30 03522414 frs-bus:Director1 2024-09-30 03522414 frs-bus:Director1 2025-09-30 03522414 frs-countries:EnglandWales 2024-10-01 2025-09-30 03522414 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2024-09-30 03522414 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2024-09-30 03522414 2023-09-30 03522414 2024-09-30 03522414 2023-10-01 2024-09-30 03522414 frs-core:CurrentFinancialInstruments 2024-09-30 03522414 frs-core:Non-currentFinancialInstruments 2024-09-30 03522414 frs-core:ShareCapital 2024-09-30 03522414 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 03522414 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-09-30
Registered number: 03522414
Ferns Property Development Limited
Financial Statements
For The Year Ended 30 September 2025
Hamilton Coopers
Chartered Accountants
66 Earl Street
Maidstone
Kent
ME14 1PS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03522414
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 518
Investment Properties 5 11,679,879 11,679,879
11,679,879 11,680,397
CURRENT ASSETS
Debtors 6 3,212,244 3,197,341
Cash at bank and in hand 102,403 24,536
3,314,647 3,221,877
Creditors: Amounts Falling Due Within One Year 7 (1,032,433 ) (1,082,635 )
NET CURRENT ASSETS (LIABILITIES) 2,282,214 2,139,242
TOTAL ASSETS LESS CURRENT LIABILITIES 13,962,093 13,819,639
Creditors: Amounts Falling Due After More Than One Year 8 (951,519 ) (1,138,042 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,155,242 ) (2,155,242 )
NET ASSETS 10,855,332 10,526,355
CAPITAL AND RESERVES
Called up share capital 10 300 300
Fair value reserve 12 7,281,615 7,281,615
Profit and Loss Account 3,573,417 3,244,440
SHAREHOLDERS' FUNDS 10,855,332 10,526,355
Page 1
Page 2
For the year ending 30 September 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
I Fern
Director
25 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
Ferns Property Development Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03522414 . The registered office is Tutsham Farm, West Farleigh, Maidstone, Kent, ME15 0NE.
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 or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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 & Machinery 25% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually 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.
Page 3
Page 4
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
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 October 2024 9,150
As at 30 September 2025 9,150
Depreciation
As at 1 October 2024 8,632
Provided during the period 518
As at 30 September 2025 9,150
Net Book Value
As at 30 September 2025 -
As at 1 October 2024 518
Page 4
Page 5
5. Investment Property
2025
£
Fair Value
As at 1 October 2024 and 30 September 2025 11,679,879
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 948 1,846
Prepayments and accrued income - 4,000
Director's loan account 1,984,304 1,984,303
Amounts owed by associates 561,800 562,000
2,547,052 2,552,149
Due after more than one year
Other debtors 20,000 -
Corporation tax recoverable assets 645,192 645,192
665,192 645,192
3,212,244 3,197,341
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 6,420 11,013
Bank loans and overdrafts 169,444 169,444
Corporation tax 110,931 166,965
Other creditors 37,298 32,882
Accruals and deferred income 10,300 5,498
Amounts owed to group undertakings 698,040 696,833
1,032,433 1,082,635
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 951,519 1,138,042
Page 5
Page 6
9. Loans
An analysis of the maturity of loans is given below:
2025 2024
£ £
Amounts falling due within one year or on demand:
Bank loans 169,444 169,444
2025 2024
£ £
Amounts falling due between one and five years:
Bank loans 951,519 1,138,042
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 300 300
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2024 Amounts advanced Amounts repaid Amounts written off As at 30 September 2025
£ £ £ £ £
Mr Ian Fern 1,984,303 - - - 1,984,303
The above loan is unsecured and repayable on demand.
12. Reserves
Fair value reserve Profit and Loss Account
£ £
As at 1 October 2024 7,281,615 3,244,440
Profit for the year and total comprehensive income - 328,977
As at 30 September 2025 7,281,615 3,573,417
Page 6