Acorah Software Products - Accounts Production 16.3.350 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 11792662 Mrs J Squiteri Mr A Squiteri iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11792662 2024-03-31 11792662 2025-03-31 11792662 2024-04-01 2025-03-31 11792662 frs-core:Non-currentFinancialInstruments 2025-03-31 11792662 frs-core:ShareCapital 2025-03-31 11792662 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 11792662 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11792662 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 11792662 frs-bus:SmallEntities 2024-04-01 2025-03-31 11792662 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11792662 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11792662 frs-bus:OrdinaryShareClass2 2024-04-01 2025-03-31 11792662 frs-bus:OrdinaryShareClass2 2025-03-31 11792662 frs-bus:OrdinaryShareClass3 2024-04-01 2025-03-31 11792662 frs-bus:OrdinaryShareClass3 2025-03-31 11792662 frs-bus:OrdinaryShareClass4 2024-04-01 2025-03-31 11792662 frs-bus:OrdinaryShareClass4 2025-03-31 11792662 frs-bus:OrdinaryShareClass5 2024-04-01 2025-03-31 11792662 frs-bus:OrdinaryShareClass5 2025-03-31 11792662 frs-bus:Director1 2024-04-01 2025-03-31 11792662 frs-bus:Director2 2024-04-01 2025-03-31 11792662 frs-countries:EnglandWales 2024-04-01 2025-03-31 11792662 2023-03-31 11792662 2024-03-31 11792662 2023-04-01 2024-03-31 11792662 frs-core:Non-currentFinancialInstruments 2024-03-31 11792662 frs-core:ShareCapital 2024-03-31 11792662 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11792662 frs-bus:OrdinaryShareClass2 2023-04-01 2024-03-31 11792662 frs-bus:OrdinaryShareClass3 2023-04-01 2024-03-31 11792662 frs-bus:OrdinaryShareClass4 2023-04-01 2024-03-31 11792662 frs-bus:OrdinaryShareClass5 2023-04-01 2024-03-31
Registered number: 11792662
Impero Associates Ltd
Unaudited 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: 11792662
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 908,147 873,747
908,147 873,747
CURRENT ASSETS
Debtors 5 2,642 3,252
Cash at bank and in hand 9,683 6,593
12,325 9,845
Creditors: Amounts Falling Due Within One Year 6 (247,005 ) (245,459 )
NET CURRENT ASSETS (LIABILITIES) (234,680 ) (235,614 )
TOTAL ASSETS LESS CURRENT LIABILITIES 673,467 638,133
Creditors: Amounts Falling Due After More Than One Year 7 (547,125 ) (540,639 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (39,050 ) (32,514 )
NET ASSETS 87,292 64,980
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 87,192 64,880
SHAREHOLDERS' FUNDS 87,292 64,980
Page 1
Page 2
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 A Squiteri
Director
15/05/2025
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
Impero Associates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11792662 . The registered office is 12 Edwalton Lodge Close, Nottingham , NG12 4DT.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
The company recognises turnover when:
The amount of turnover can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the companies' activities.
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
The tax expense for the period comprises deferred tax.
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.
2.6. Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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2.7. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
2.8. Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Investment Property
2025
£
Fair Value
As at 1 April 2024 873,747
Fair value adjustments 34,400
As at 31 March 2025 908,147
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 2,642 3,252
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 247,005 245,459
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 547,125 540,639
8. Secured Creditors
Of the creditors the following amounts are secured by a fixed charge over the copmanies' assets.
2025 2024
£ £
Bank loans and overdrafts 547,125 540,639
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Page 5
9. Share Capital
2025 2024
Allotted, called up and fully paid £ £
49 Ordinary A shares of £ 1 each 49 49
49 Ordinary B shares of £ 1 each 49 49
1 Ordinary C shares of £ 1 each 1 1
1 Ordinary D shares of £ 1 each 1 1
100 100
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