Acorah Software Products - Accounts Production 19.4.351 false true 31 May 2025 1 June 2024 false 1 June 2025 31 May 2026 31 May 2026 10767421 Mr Lee Sherry iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10767421 2025-05-31 10767421 2026-05-31 10767421 2025-06-01 2026-05-31 10767421 frs-core:CurrentFinancialInstruments 2026-05-31 10767421 frs-core:Non-currentFinancialInstruments 2026-05-31 10767421 frs-core:FurnitureFittings 2026-05-31 10767421 frs-core:FurnitureFittings 2025-06-01 2026-05-31 10767421 frs-core:FurnitureFittings 2025-05-31 10767421 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2026-05-31 10767421 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-06-01 2026-05-31 10767421 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-05-31 10767421 frs-core:ShareCapital 2026-05-31 10767421 frs-core:RetainedEarningsAccumulatedLosses 2025-06-01 2026-05-31 10767421 frs-core:RetainedEarningsAccumulatedLosses 2026-05-31 10767421 frs-bus:PrivateLimitedCompanyLtd 2025-06-01 2026-05-31 10767421 frs-bus:FilletedAccounts 2025-06-01 2026-05-31 10767421 frs-bus:SmallEntities 2025-06-01 2026-05-31 10767421 frs-bus:AuditExempt-NoAccountantsReport 2025-06-01 2026-05-31 10767421 frs-bus:SmallCompaniesRegimeForAccounts 2025-06-01 2026-05-31 10767421 frs-bus:Director1 2025-06-01 2026-05-31 10767421 frs-bus:Director1 2025-05-31 10767421 frs-bus:Director1 2026-05-31 10767421 frs-countries:EnglandWales 2025-06-01 2026-05-31 10767421 2024-05-31 10767421 2025-05-31 10767421 2024-06-01 2025-05-31 10767421 frs-core:CurrentFinancialInstruments 2025-05-31 10767421 frs-core:Non-currentFinancialInstruments 2025-05-31 10767421 frs-core:ShareCapital 2024-05-31 10767421 frs-core:ShareCapital 2025-05-31 10767421 frs-core:RetainedEarningsAccumulatedLosses 2024-06-01 2025-05-31 10767421 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-05-31 10767421 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31
Registered number: 10767421
Sherry Homes Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2026
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Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 10767421
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 731,541 748,817
731,541 748,817
CURRENT ASSETS
Debtors 5 1,123 325
Cash at bank and in hand 4,663 1,265
5,786 1,590
Creditors: Amounts Falling Due Within One Year 6 (149,437 ) (142,226 )
NET CURRENT ASSETS (LIABILITIES) (143,651 ) (140,636 )
TOTAL ASSETS LESS CURRENT LIABILITIES 587,890 608,181
Creditors: Amounts Falling Due After More Than One Year 7 (559,381 ) (559,381 )
NET ASSETS 28,509 48,800
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 28,508 48,799
SHAREHOLDERS' FUNDS 28,509 48,800
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Page 2
For the year ending 31 May 2026 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
Mr Lee Sherry
Director
01/07/2026
The notes on pages 4 to 6 form part of these financial statements.
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Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 June 2024 1 (66,831 ) (66,830)
Loss for the year and total comprehensive income - (11,846 ) (11,846)
Transfer from revaluation reserve - 127,476 127,476
As at 31 May 2025 and 1 June 2025 1 48,799 48,800
Loss for the year and total comprehensive income - (20,291 ) (20,291)
As at 31 May 2026 1 28,508 28,509
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Page 4
Notes to the Financial Statements
1. General Information
Sherry Homes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10767421 . The registered office is 56 Chatsworth Road, Southampton, SO19 7NJ.
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:
Freehold 2%
Fixtures & Fittings 25%
2.4. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2025 854,549 5,430 859,979
As at 31 May 2026 854,549 5,430 859,979
Depreciation
As at 1 June 2025 106,473 4,689 111,162
Provided during the period 17,091 185 17,276
As at 31 May 2026 123,564 4,874 128,438
Net Book Value
As at 31 May 2026 730,985 556 731,541
As at 1 June 2025 748,076 741 748,817
5. Debtors
2026 2025
£ £
Due within one year
Other debtors 325 325
Other taxes and social security 798 -
1,123 325
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors - (1 )
Bank loans and overdrafts (11,320 ) 2,167
Corporation tax 1,351 1,351
Net wages 13,329 -
Other creditors 2,800 2,800
Accruals and deferred income 1,458 1,123
Director's loan account 141,819 134,786
149,437 142,226
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Other creditors 559,381 559,381
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8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2025 Amounts advanced Amounts repaid Amounts written off As at 31 May 2026
£ £ £ £ £
Mr Lee Sherry (134,786 ) 14,376 7,549 - (141,612 )
The above loan is unsecured, interest free and repayable on demand.
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