Acorah Software Products - Accounts Production 16.6.950 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 01388394 Mr M Grice Mrs J Grice Mrs J Grice true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01388394 2024-03-31 01388394 2025-03-31 01388394 2024-04-01 2025-03-31 01388394 frs-core:CurrentFinancialInstruments 2025-03-31 01388394 frs-core:ComputerEquipment 2025-03-31 01388394 frs-core:ComputerEquipment 2024-04-01 2025-03-31 01388394 frs-core:ComputerEquipment 2024-03-31 01388394 frs-core:FurnitureFittings 2025-03-31 01388394 frs-core:FurnitureFittings 2024-04-01 2025-03-31 01388394 frs-core:FurnitureFittings 2024-03-31 01388394 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 01388394 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 01388394 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 01388394 frs-core:RevaluationReserve 2025-03-31 01388394 frs-core:ShareCapital 2025-03-31 01388394 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 01388394 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01388394 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 01388394 frs-bus:SmallEntities 2024-04-01 2025-03-31 01388394 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 01388394 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01388394 1 2024-04-01 2025-03-31 01388394 frs-bus:Director1 2024-04-01 2025-03-31 01388394 frs-bus:Director2 2024-04-01 2025-03-31 01388394 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 01388394 frs-countries:EnglandWales 2024-04-01 2025-03-31 01388394 2023-03-31 01388394 2024-03-31 01388394 2023-04-01 2024-03-31 01388394 frs-core:CurrentFinancialInstruments 2024-03-31 01388394 frs-core:RevaluationReserve 2024-03-31 01388394 frs-core:ShareCapital 2024-03-31 01388394 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 01388394
Michael Grice Developments Limited
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01388394
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,350,000 1,350,699
Investments 110,000 110,000
1,460,000 1,460,699
CURRENT ASSETS
Debtors 5 350 350
Cash at bank and in hand 738,893 738,475
739,243 738,825
Creditors: Amounts Falling Due Within One Year 6 (352,834 ) (388,005 )
NET CURRENT ASSETS (LIABILITIES) 386,409 350,820
TOTAL ASSETS LESS CURRENT LIABILITIES 1,846,409 1,811,519
NET ASSETS 1,846,409 1,811,519
CAPITAL AND RESERVES
Called up share capital 7 10,000 10,000
Revaluation reserve 584,435 584,435
Profit and Loss Account 1,251,974 1,217,084
SHAREHOLDERS' FUNDS 1,846,409 1,811,519
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For the year ending 31 March 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 M Grice
Director
24 November 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Michael Grice Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01388394 . The registered office is Yew Tree House, Lewes Road, Forest Row, East Sussex, RH18 5AA.
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.
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:
Leasehold Not depreciated
Fixtures & Fittings 25% Straight line
Computer Equipment 25% Straight line
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.
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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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 2 (2024: 2)
2 2
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 1,350,000 63,498 19,062 1,432,560
As at 31 March 2025 1,350,000 63,498 19,062 1,432,560
Depreciation
As at 1 April 2024 - 62,799 19,062 81,861
Provided during the period - 699 - 699
As at 31 March 2025 - 63,498 19,062 82,560
Net Book Value
As at 31 March 2025 1,350,000 - - 1,350,000
As at 1 April 2024 1,350,000 699 - 1,350,699
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 350 350
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 1,553
Other creditors 336,823 373,730
Taxation and social security 16,011 12,722
352,834 388,005
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10,000 10,000
8. Financial Instruments
The company has the following financial instruments:
2025 2024
£ £
Financial assets
Financial assets measured at fair value through profit and loss 739,243 -
Financial liabilities
Financial liabilities measured at fair value through profit and loss 333,141 -
Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.
9. Directors Advances, Credits and Guarantees
Included in other creditors due within one year are loans from the directors, Mr E M Grice and Mrs J Grice amounting to £318,326 (2024 - £370,179).
10. Controlling Parties
The company was controlled throughout the current and previous period by its directors; Mr E M Grice and Mrs J Grice, by virtue of the fact that between them they own all of the company's issued share capital. 
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