Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 03527084 T R Gray P E Gray true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03527084 2023-07-31 03527084 2024-07-31 03527084 2023-08-01 2024-07-31 03527084 frs-core:CurrentFinancialInstruments 2024-07-31 03527084 frs-core:ComputerEquipment 2024-07-31 03527084 frs-core:ComputerEquipment 2023-08-01 2024-07-31 03527084 frs-core:ComputerEquipment 2023-07-31 03527084 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-01 2024-07-31 03527084 frs-core:MotorVehicles 2024-07-31 03527084 frs-core:MotorVehicles 2023-08-01 2024-07-31 03527084 frs-core:MotorVehicles 2023-07-31 03527084 frs-core:OtherResidualIntangibleAssets 2024-07-31 03527084 frs-core:OtherResidualIntangibleAssets 2023-08-01 2024-07-31 03527084 frs-core:OtherResidualIntangibleAssets 2023-07-31 03527084 frs-core:PlantMachinery 2024-07-31 03527084 frs-core:PlantMachinery 2023-08-01 2024-07-31 03527084 frs-core:PlantMachinery 2023-07-31 03527084 frs-core:RevaluationReserve 2023-07-31 03527084 frs-core:RevaluationReserve 2024-07-31 03527084 frs-core:ShareCapital 2024-07-31 03527084 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 03527084 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03527084 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 03527084 frs-bus:SmallEntities 2023-08-01 2024-07-31 03527084 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 03527084 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 03527084 1 2023-08-01 2024-07-31 03527084 frs-core:UnlistedNon-exchangeTraded 2024-07-31 03527084 frs-core:UnlistedNon-exchangeTraded 2023-07-31 03527084 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-07-31 03527084 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-07-31 03527084 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-07-31 03527084 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-07-31 03527084 frs-bus:Director1 2023-08-01 2024-07-31 03527084 frs-bus:Director2 2023-08-01 2024-07-31 03527084 frs-countries:EnglandWales 2023-08-01 2024-07-31 03527084 2022-07-31 03527084 2023-07-31 03527084 2022-08-01 2023-07-31 03527084 frs-core:CurrentFinancialInstruments 2023-07-31 03527084 frs-core:RevaluationReserve 2023-07-31 03527084 frs-core:ShareCapital 2023-07-31 03527084 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 03527084
Silverstream (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03527084
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 - 10,020
Tangible Assets 4 281,327 238,802
Investment Properties 5 5,320,000 5,320,000
Investments 6 25,850 25,850
5,627,177 5,594,672
CURRENT ASSETS
Stocks 7 415,000 415,000
Debtors 8 331,399 275,598
Cash at bank and in hand 568,297 833,364
1,314,696 1,523,962
Creditors: Amounts Falling Due Within One Year 9 (55,433 ) (74,375 )
NET CURRENT ASSETS (LIABILITIES) 1,259,263 1,449,587
TOTAL ASSETS LESS CURRENT LIABILITIES 6,886,440 7,044,259
NET ASSETS 6,886,440 7,044,259
CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 1,207,106 1,207,106
Profit and Loss Account 5,679,234 5,837,053
SHAREHOLDERS' FUNDS 6,886,440 7,044,259
Page 1
Page 2
For the year ending 31 July 2024 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
T R Gray
Director
24th April 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
1.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment loss.

Cryptocurrency are being amortised evenly over their estimated useful life of nil years.

1.4. 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 25% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 25% on reducing balance
1.5. 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.
1.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.7. Taxation
Corporation 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.
...CONTINUED
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Page 4
1.7. Taxation - continued
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.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
3. Intangible Assets
Other
£
Cost
As at 1 August 2023 10,020
Disposals (10,020 )
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 10,020
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 18,883 261,328 83,041 363,252
Additions - 160,967 1,557 162,524
Disposals - (96,036 ) - (96,036 )
As at 31 July 2024 18,883 326,259 84,598 429,740
Depreciation
As at 1 August 2023 15,883 69,589 38,978 124,450
Provided during the period 750 68,199 11,379 80,328
Disposals - (56,365 ) - (56,365 )
As at 31 July 2024 16,633 81,423 50,357 148,413
Net Book Value
As at 31 July 2024 2,250 244,836 34,241 281,327
As at 1 August 2023 3,000 191,739 44,063 238,802
5. Investment Property
2024
£
Fair Value
As at 1 August 2023 and 31 July 2024 5,320,000
Page 4
Page 5
6. Investments
Unlisted
£
Cost
As at 1 August 2023 25,850
As at 31 July 2024 25,850
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 25,850
As at 1 August 2023 25,850
7. Stocks
2024 2023
£ £
Stock 415,000 415,000
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,605 1,906
Prepayments and accrued income 6,352 754
Other debtors 25,477 36,489
Other taxes and social security 2,721 -
Directors' loan accounts 294,244 236,449
331,399 275,598
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,432 4,588
Corporation tax 10,161 33,854
Other taxes and social security - 3,679
VAT 12,100 9,973
Other creditors 26,740 22,281
55,433 74,375
10. Reserves
Revaluation Reserve
£
As at 1 August 2023 1,207,106
As at 31 July 2024 1,207,106
Page 5
Page 6
11. Related Party Transactions
At the end of the year the directors owed the company £294,244 (2023: £236,449).
12. Ultimate Controlling Party
The company's ultimate controlling party is the directors.
Page 6