Acorah Software Products - Accounts Production 19.4.351 false true 30 September 2024 1 October 2023 false 1 October 2024 31 January 2026 31 January 2026 11548348 Mr Benjamin Colwill Miss Lucy Davies true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11548348 2024-09-30 11548348 2026-01-31 11548348 2024-10-01 2026-01-31 11548348 frs-core:CurrentFinancialInstruments 2026-01-31 11548348 frs-core:Non-currentFinancialInstruments 2026-01-31 11548348 frs-core:ComputerEquipment 2026-01-31 11548348 frs-core:ComputerEquipment 2024-10-01 2026-01-31 11548348 frs-core:ComputerEquipment 2024-09-30 11548348 frs-core:InvestmentPropertyIncludedWithinPPE 2026-01-31 11548348 frs-core:InvestmentPropertyIncludedWithinPPE 2024-10-01 2026-01-31 11548348 frs-core:InvestmentPropertyIncludedWithinPPE 2024-09-30 11548348 frs-core:ShareCapital 2026-01-31 11548348 frs-core:RetainedEarningsAccumulatedLosses 2024-10-01 2026-01-31 11548348 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-09-30 11548348 frs-core:RetainedEarningsAccumulatedLosses 2026-01-31 11548348 frs-bus:PrivateLimitedCompanyLtd 2024-10-01 2026-01-31 11548348 frs-bus:FilletedAccounts 2024-10-01 2026-01-31 11548348 frs-bus:SmallEntities 2024-10-01 2026-01-31 11548348 frs-bus:AuditExempt-NoAccountantsReport 2024-10-01 2026-01-31 11548348 frs-bus:SmallCompaniesRegimeForAccounts 2024-10-01 2026-01-31 11548348 1 2024-10-01 2026-01-31 11548348 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-09-30 11548348 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2026-01-31 11548348 frs-bus:Director1 2024-10-01 2026-01-31 11548348 frs-bus:Director2 2024-10-01 2026-01-31 11548348 frs-countries:EnglandWales 2024-10-01 2026-01-31 11548348 2023-09-30 11548348 2024-09-30 11548348 2023-10-01 2024-09-30 11548348 frs-core:CurrentFinancialInstruments 2024-09-30 11548348 frs-core:Non-currentFinancialInstruments 2024-09-30 11548348 frs-core:ShareCapital 2024-09-30 11548348 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 11548348 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-09-30
Registered number: 11548348
Portfolio Property Ltd
Unaudited Financial Statements
For the Period 1 October 2024 to 31 January 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11548348
31 January 2026 30 September 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,793,356 8,323,058
10,793,356 8,323,058
CURRENT ASSETS
Debtors 5 142,890 85,819
Cash at bank and in hand 175,686 40,989
318,576 126,808
Creditors: Amounts Falling Due Within One Year 6 (773,623 ) (2,364,245 )
NET CURRENT ASSETS (LIABILITIES) (455,047 ) (2,237,437 )
TOTAL ASSETS LESS CURRENT LIABILITIES 10,338,309 6,085,621
Creditors: Amounts Falling Due After More Than One Year 7 (8,131,003 ) (4,895,110 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (693,294 ) (441,631 )
NET ASSETS 1,514,012 748,880
CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair value reserve 9 2,079,165 1,323,914
Profit and Loss Account (565,155 ) (575,036 )
SHAREHOLDERS' FUNDS 1,514,012 748,880
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For the period ending 31 January 2026 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 Profit and Loss Account.
On behalf of the board
Mr Benjamin Colwill
Director
25/09/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Portfolio Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11548348 . The registered office is 184 Henleaze Road, Henleaze, Bristol, BS9 4NE.
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.
Letting of rental property
Turnover from rental property comprises of income earned from letting property. Rents and service charges from lettings are recognised net of losses from voids. Income is recognised from the date the property is first let.
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:
Computer Equipment 20% reducing balance
2.4. Investment Properties
Investment properties are carried at fair value as determined by the directors, and are 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.
2.5. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
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2.6. 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 period, 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.
2.7. Finance Costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
2.8. Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
2.9. Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
3. Average Number of Employees
The average number of employees, including directors, during the year was 2 (2024: 2)
2 2
4. Tangible Assets
Investment Properties Computer Equipment Total
£ £ £
Cost
As at 1 October 2024 8,321,755 2,974 8,324,729
Additions 2,760,645 - 2,760,645
Disposals (290,000 ) - (290,000 )
As at 31 January 2026 10,792,400 2,974 10,795,374
...CONTINUED
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Depreciation
As at 1 October 2024 - 1,671 1,671
Provided during the period - 347 347
As at 31 January 2026 - 2,018 2,018
Net Book Value
As at 31 January 2026 10,792,400 956 10,793,356
As at 1 October 2024 8,321,755 1,303 8,323,058
5. Debtors
31 January 2026 30 September 2024
£ £
Due within one year
Prepayments and accrued income 3,112 4,704
Other debtors 26,400 81,115
Amounts owed by parent undertaking 113,378 -
142,890 85,819
6. Creditors: Amounts Falling Due Within One Year
31 January 2026 30 September 2024
£ £
Bank loans and overdrafts 1,219 3,655
Other creditors 529,692 782,794
Accruals and deferred income 1,125 2,125
Directors' loan accounts 241,587 338,672
Amounts owed to parent undertaking - 1,236,999
773,623 2,364,245
7. Creditors: Amounts Falling Due After More Than One Year
31 January 2026 30 September 2024
£ £
Bank loans 7,971,003 4,845,110
Other creditors 160,000 50,000
8,131,003 4,895,110
8. Share Capital
31 January 2026 30 September 2024
£ £
Allotted, Called up and fully paid 2 2
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9. Reserves
Fair value reserve Profit and Loss Account
£ £
As at 1 October 2024 1,323,914 (575,036 )
Profit for the period and total comprehensive income - 765,132
Movements in fair value reserve 755,251 -
Transfer to/from Fair value reserve - (755,251)
As at 31 January 2026 2,079,165 (565,155 )
10. Related Party Transactions
At the year end, the company was owed £26,400 (2024: £22,500) from a company connected with the directors.
The company has taken advantage of the exemption available under Section 1A of FRS 102 from the requirement to disclose related party transactions with wholly owned members of the group.
11. Ultimate Parent Undertaking and Controlling Party
The company's ultimate controlling party is Innova Property Investments Ltd by virtue of its ownership of 100% of the issued share capital in the company.
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