Acorah Software Products - Accounts Production 16.6.950 false true 5 April 2024 6 April 2023 false 6 April 2024 5 April 2025 5 April 2025 00322940 Mr T Ellison Mr C Marshall Mr F Marshall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00322940 2024-04-05 00322940 2025-04-05 00322940 2024-04-06 2025-04-05 00322940 frs-core:CurrentFinancialInstruments 2025-04-05 00322940 frs-core:PlantMachinery 2025-04-05 00322940 frs-core:PlantMachinery 2024-04-06 2025-04-05 00322940 frs-core:PlantMachinery 2024-04-05 00322940 frs-core:CapitalRedemptionReserve 2025-04-05 00322940 frs-core:ShareCapital 2025-04-05 00322940 frs-core:RetainedEarningsAccumulatedLosses 2025-04-05 00322940 frs-bus:PrivateLimitedCompanyLtd 2024-04-06 2025-04-05 00322940 frs-bus:FilletedAccounts 2024-04-06 2025-04-05 00322940 frs-bus:SmallEntities 2024-04-06 2025-04-05 00322940 frs-bus:AuditExempt-NoAccountantsReport 2024-04-06 2025-04-05 00322940 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-06 2025-04-05 00322940 frs-bus:OrdinaryShareClass1 2024-04-06 2025-04-05 00322940 frs-bus:OrdinaryShareClass1 2025-04-05 00322940 frs-bus:PreferenceShareClass1 2024-04-06 2025-04-05 00322940 frs-bus:PreferenceShareClass1 2025-04-05 00322940 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-04-06 2025-04-05 00322940 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-04-05 00322940 frs-core:CostValuation 2024-04-05 00322940 frs-core:AdditionsToInvestments 2025-04-05 00322940 frs-core:DisposalsRepaymentsInvestments 2025-04-05 00322940 frs-core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments 2025-04-05 00322940 frs-core:CostValuation 2025-04-05 00322940 frs-core:ProvisionsForImpairmentInvestments 2024-04-05 00322940 frs-core:ProvisionsForImpairmentInvestments 2025-04-05 00322940 frs-core:ListedExchangeTraded 2025-04-05 00322940 frs-core:ListedExchangeTraded 2024-04-05 00322940 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-04-05 00322940 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2025-04-05 00322940 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2025-04-05 00322940 frs-core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments frs-core:ListedExchangeTraded 2025-04-05 00322940 frs-core:CostValuation frs-core:ListedExchangeTraded 2025-04-05 00322940 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-04-05 00322940 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2025-04-05 00322940 frs-bus:Director1 2024-04-06 2025-04-05 00322940 frs-bus:Director2 2024-04-06 2025-04-05 00322940 frs-bus:Director3 2024-04-06 2025-04-05 00322940 frs-countries:EnglandWales 2024-04-06 2025-04-05 00322940 2023-04-05 00322940 2024-04-05 00322940 2023-04-06 2024-04-05 00322940 frs-core:CurrentFinancialInstruments 2024-04-05 00322940 frs-core:CapitalRedemptionReserve 2024-04-05 00322940 frs-core:ShareCapital 2024-04-05 00322940 frs-core:RetainedEarningsAccumulatedLosses 2024-04-05 00322940 frs-bus:OrdinaryShareClass1 2023-04-06 2024-04-05 00322940 frs-bus:PreferenceShareClass1 2023-04-06 2024-04-05 00322940 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-04-05
Registered number: 00322940
Glendon Estates
Unaudited Financial Statements
For The Year Ended 5 April 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00322940
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,970 27,960
Investment Properties 5 7,642,000 7,642,000
Investments 6 21,673,983 21,341,182
29,336,953 29,011,142
CURRENT ASSETS
Debtors 7 154,259 179,461
Cash at bank and in hand 302,345 317,152
456,604 496,613
Creditors: Amounts Falling Due Within One Year 8 (46,868 ) (24,216 )
NET CURRENT ASSETS (LIABILITIES) 409,736 472,397
TOTAL ASSETS LESS CURRENT LIABILITIES 29,746,689 29,483,539
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,308,000 ) (4,248,000 )
NET ASSETS 25,438,689 25,235,539
CAPITAL AND RESERVES
Called up share capital 9 453,474 453,474
Capital redemption reserve 1,998,419 1,998,419
Fair value reserve 10 18,508,207 -
Profit and Loss Account 4,478,589 22,783,646
SHAREHOLDERS' FUNDS 25,438,689 25,235,539
Page 1
Page 2
For the year ending 5 April 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
Mr F Marshall
Director
23/07/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Glendon Estates is a private company, limited by shares, incorporated in England & Wales, registered number 00322940 . The registered office is 43 Park Drive, Harrogate, HG2 9AX.
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
The turnover shown in the profit and loss account represents rent receivable during the year, exclusive of VAT
where applicable.
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 Straight line over 7 years
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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 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: 3 (2024: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Plant & Machinery
£
Cost or Valuation
As at 6 April 2024 48,930
As at 5 April 2025 48,930
Depreciation
As at 6 April 2024 20,970
Provided during the period 6,990
As at 5 April 2025 27,960
Net Book Value
As at 5 April 2025 20,970
As at 6 April 2024 27,960
5. Investment Property
2025
£
Fair Value
As at 6 April 2024 7,642,000
Disposals (6,923 )
Fair value adjustments 6,923
As at 5 April 2025 7,642,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 461,438 461,438
The investment properties were last valued by Cranswicks Chartered Surveyors at 5 April 2020 at their open market tenanted values. The directors believe that the fair value at the year-end is not materially different from the last valuation carried out in 2020.
6. Investments
Subsidiaries Listed Total
£ £ £
Cost
As at 6 April 2024 8,183 21,332,999 21,341,182
Additions - 967,113 967,113
Disposals - (866,965 ) (866,965 )
Fair value adjustments - 232,653 232,653
As at 5 April 2025 8,183 21,665,800 21,673,983
Provision
As at 6 April 2024 - - -
As at 5 April 2025 - - -
...CONTINUED
Page 4
Page 5
Net Book Value
As at 5 April 2025 8,183 21,665,800 21,673,983
As at 6 April 2024 8,183 21,332,999 21,341,182
The historical cost of the investments at 5 April 2025 was £6,030,155 (2024 - £5,885,177).
7. Debtors
2025 2024
£ £
Due within one year
Amounts owed by group undertakings 62,288 95,294
Other debtors 91,971 84,167
154,259 179,461
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 28,259 22,860
Taxation and social security 18,609 1,356
46,868 24,216
9. Share Capital
2025 2024
Allotted, called up and fully paid £ £
65,100 Ordinary Shares of £ 0.01 each 651 651
Preference Shares
2025 2024
Allotted, called up and fully paid £ £
452,823 Preference Shares of £ 1.00 each 452,823 452,823
10. Reserves
Fair Value Reserve
£
Transfer from profit and loss 18,508,207
As at 5 April 2025 18,508,207
The fair value reserve includes the cumulative annual fair value adjustments to the listed investments of £15,635,645 (2024 - there was £15,447,822 included within the profit and loss reserve) along with the related deferred tax of £3,680,000 (2024 - there was £3,620,000 included within the profit and loss reserve) and the cumulative annual fair value adjustments to the investment properties of £7,180,562 (2024 - £7,180,562 was included within the profit and loss reserve) along with related deferred tax of £628,000 (2024 - £628,000 was included within the profit and loss reserve).
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