Acorah Software Products - Accounts Production 19.4.351 false true 31 July 2024 1 August 2023 false true true 17 September 2026 1 August 2024 31 July 2025 31 July 2025 05426161 Charlene Melissa Cheung Tsang Hee Gisele Cheung Tsang Hee Luc Cheung Tsang Hee Tessa Melanie Tsang Hee Cheung-Perry Gisele Cheung Tsang Hee iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05426161 2024-07-31 05426161 2025-07-31 05426161 2024-08-01 2025-07-31 05426161 frs-core:CurrentFinancialInstruments 2025-07-31 05426161 frs-core:Non-currentFinancialInstruments 2025-07-31 05426161 frs-core:ComputerEquipment 2025-07-31 05426161 frs-core:ComputerEquipment 2024-08-01 2025-07-31 05426161 frs-core:ComputerEquipment 2024-07-31 05426161 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-07-31 05426161 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-01 2025-07-31 05426161 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-31 05426161 frs-core:PlantMachinery 2025-07-31 05426161 frs-core:PlantMachinery 2024-08-01 2025-07-31 05426161 frs-core:PlantMachinery 2024-07-31 05426161 frs-core:ShareCapital 2025-07-31 05426161 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 05426161 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 05426161 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 05426161 frs-bus:SmallEntities 2024-08-01 2025-07-31 05426161 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 05426161 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 05426161 frs-bus:Director1 2024-08-01 2025-07-31 05426161 frs-bus:Director2 2024-08-01 2025-07-31 05426161 frs-bus:Director3 2024-08-01 2025-07-31 05426161 frs-bus:Director4 2024-08-01 2025-07-31 05426161 frs-bus:CompanySecretary1 2024-08-01 2025-07-31 05426161 frs-countries:EnglandWales 2024-08-01 2025-07-31 05426161 2023-07-31 05426161 2024-07-31 05426161 2023-08-01 2024-07-31 05426161 frs-core:CurrentFinancialInstruments 2024-07-31 05426161 frs-core:Non-currentFinancialInstruments 2024-07-31 05426161 frs-core:ShareCapital 2024-07-31 05426161 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31
Registered number: 05426161
888 Property Limited
REVISED
Unaudited Financial Statements
For The Year Ended 31 July 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05426161
2025 2024
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,076,888 1,088,785
1,076,888 1,088,785
CURRENT ASSETS
Debtors 6 11,817 13,041
Cash at bank and in hand 32,515 29,159
44,332 42,200
Creditors: Amounts Falling Due Within One Year 7 (87,005 ) (124,545 )
NET CURRENT ASSETS (LIABILITIES) (42,673 ) (82,345 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,034,215 1,006,440
Creditors: Amounts Falling Due After More Than One Year 8 (423,924 ) (423,924 )
NET ASSETS 610,291 582,516
CAPITAL AND RESERVES
Called up share capital 9 30 30
Profit and Loss Account 610,261 582,486
SHAREHOLDERS' FUNDS 610,291 582,516
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For the year ending 31 July 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 Profit and Loss Account.
On behalf of the board
Luc Cheung Tsang Hee
Director
17 September 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. Revision by Replacement
The financial statements for the year ended 31 July 2025 have been revised.
These financial statements:
All the transactions were not considered while preparing the accounts.
All the relevant transaction for the period has been considered in the accounts.
2. General Information
888 Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05426161 . The registered office is 48 Palace Mansion Earsby Street, London, W14 8QW.
3. Accounting Policies
3.1. 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.
3.2. 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.
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.
3.3. 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 1% per annum
Plant & Machinery 25% straight line basis
Computer Equipment 25% straight line basis
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3.4. 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.
4. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2024 1,256,334 16,681 1,833 1,274,848
Additions - - 1,499 1,499
As at 31 July 2025 1,256,334 16,681 3,332 1,276,347
Depreciation
As at 1 August 2024 167,549 16,681 1,833 186,063
Provided during the period 12,563 - 833 13,396
As at 31 July 2025 180,112 16,681 2,666 199,459
...CONTINUED
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Net Book Value
As at 31 July 2025 1,076,222 - 666 1,076,888
As at 1 August 2024 1,088,785 - - 1,088,785
6. Debtors
2025 2024
as restated
£ £
Due within one year
Trade debtors 8,200 4,098
Prepayments and accrued income 3,617 6,160
VAT - 2,783
11,817 13,041
7. Creditors: Amounts Falling Due Within One Year
2025 2024
as restated
£ £
Bank loans and overdrafts - 31,095
Corporation tax 3,330 -
VAT 4,421 -
Accruals and deferred income 9,413 8,450
Directors' loan accounts 69,841 85,000
87,005 124,545
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
as restated
£ £
Directors' loan account 423,924 423,924
9. Share Capital
2025 2024
as restated
£ £
Allotted, Called up and fully paid 30 30
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10. Related Party Transactions
Included in creditors less than one year is an amount of £69,841 (2024: £85,000) due to its directors. The amount is interest free and repayable on demand.
Included in creditors falling due after more than one year is an amount of £423,924 (2024: £423,924 ) due to its directors. The amount is interest free.
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