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 02051975 Mrs Valerie Charalambous iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02051975 2024-03-31 02051975 2025-03-31 02051975 2024-04-01 2025-03-31 02051975 frs-core:CurrentFinancialInstruments 2025-03-31 02051975 frs-core:Non-currentFinancialInstruments 2025-03-31 02051975 frs-core:ComputerEquipment 2025-03-31 02051975 frs-core:ComputerEquipment 2024-04-01 2025-03-31 02051975 frs-core:ComputerEquipment 2024-03-31 02051975 frs-core:FurnitureFittings 2025-03-31 02051975 frs-core:FurnitureFittings 2024-04-01 2025-03-31 02051975 frs-core:FurnitureFittings 2024-03-31 02051975 frs-core:ShareCapital 2025-03-31 02051975 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 02051975 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02051975 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 02051975 frs-bus:SmallEntities 2024-04-01 2025-03-31 02051975 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 02051975 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02051975 frs-core:UnlistedNon-exchangeTraded 2025-03-31 02051975 frs-core:UnlistedNon-exchangeTraded 2024-03-31 02051975 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 02051975 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-03-31 02051975 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 02051975 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 02051975 frs-bus:Director1 2024-04-01 2025-03-31 02051975 frs-countries:EnglandWales 2024-04-01 2025-03-31 02051975 2023-03-31 02051975 2024-03-31 02051975 2023-04-01 2024-03-31 02051975 frs-core:CurrentFinancialInstruments 2024-03-31 02051975 frs-core:Non-currentFinancialInstruments 2024-03-31 02051975 frs-core:ShareCapital 2024-03-31 02051975 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 02051975
Chaseslot Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Mostons
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02051975
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 4,921,749 4,921,749
Investments 6 1,020,342 1,020,342
5,942,091 5,942,091
CURRENT ASSETS
Debtors 7 3,593,128 3,473,581
Cash at bank and in hand 3,932,467 3,428,092
7,525,595 6,901,673
Creditors: Amounts Falling Due Within One Year 8 (617,931 ) (567,037 )
NET CURRENT ASSETS (LIABILITIES) 6,907,664 6,334,636
TOTAL ASSETS LESS CURRENT LIABILITIES 12,849,755 12,276,727
Creditors: Amounts Falling Due After More Than One Year 9 (36,079 ) (36,079 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (393,157 ) (393,157 )
NET ASSETS 12,420,519 11,847,491
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 12,420,419 11,847,391
SHAREHOLDERS' FUNDS 12,420,519 11,847,491
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs Valerie Charalambous
Director
07/11/2025
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
Chaseslot Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02051975 . The registered office is 29 The Green, Winchmore Hill, London, N21 1HS.
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 represents gross rent receivable for the year.  Turnover is recognised when rent becomes due under the lease agreement.
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:
Fixtures & Fittings 25% on cost
Computer Equipment 33% on cost
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. 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 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: NIL (2024: NIL)
- -
Page 3
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 3,000 5,554 8,554
As at 31 March 2025 3,000 5,554 8,554
Depreciation
As at 1 April 2024 3,000 5,554 8,554
As at 31 March 2025 3,000 5,554 8,554
Net Book Value
As at 31 March 2025 - - -
As at 1 April 2024 - - -
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 4,921,749
6. Investments
Unlisted
£
Cost or Valuation
As at 1 April 2024 1,020,342
As at 31 March 2025 1,020,342
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 1,020,342
As at 1 April 2024 1,020,342
The Company holds a49% interest in Westfen Ltd, a property investment company.  As of 31 March 2025 the carrying amount of the investment in Westfen Ltd is £1,020,342.  The Company's share of Wesfen Ltd's loss for the year was £38,756 and it received no dividends during the year.  The Company's interest in Westfen Ltd represents 49% of the total voting power.
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7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 125,513 145,729
Other debtors 20,818 18,611
146,331 164,340
Due after more than one year
Amounts owed by participating interests 3,446,797 3,309,241
3,593,128 3,473,581
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors (2 ) 1
Other creditors 472,783 446,435
Taxation and social security 145,150 120,601
617,931 567,037
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Shareholder loans 36,079 36,079
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
The company is controlled by Mrs Valerie Charalambous throughout the year. At 31st March 2025 the company was owed £3,446,797 by Westfen Ltd, of which Chaseslott has control, by virtue of its shareholding. Interest is charged at 4.336% on the outstanding balance and accrued in the accounts.
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