Acorah Software Products - Accounts Production 16.3.350 false true true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 08411421 Mr C H Ashley V J Hunton true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08411421 2024-02-28 08411421 2025-02-28 08411421 2024-02-29 2025-02-28 08411421 frs-core:CurrentFinancialInstruments 2025-02-28 08411421 frs-core:ComputerEquipment 2025-02-28 08411421 frs-core:ComputerEquipment 2024-02-29 2025-02-28 08411421 frs-core:ComputerEquipment 2024-02-28 08411421 frs-core:RevaluationReserve 2024-02-29 2025-02-28 08411421 frs-core:RevaluationReserve 2024-02-28 08411421 frs-core:RevaluationReserve 2025-02-28 08411421 frs-core:ShareCapital 2025-02-28 08411421 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 08411421 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 08411421 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 08411421 frs-bus:SmallEntities 2024-02-29 2025-02-28 08411421 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 08411421 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 08411421 1 2024-02-29 2025-02-28 08411421 frs-core:ListedExchangeTraded 2025-02-28 08411421 frs-core:ListedExchangeTraded 2024-02-28 08411421 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-02-28 08411421 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2025-02-28 08411421 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2025-02-28 08411421 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2025-02-28 08411421 frs-core:CostValuation frs-core:ListedExchangeTraded 2025-02-28 08411421 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-02-28 08411421 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2025-02-28 08411421 frs-bus:Director1 2024-02-29 2025-02-28 08411421 frs-bus:CompanySecretary1 2024-02-29 2025-02-28 08411421 frs-countries:EnglandWales 2024-02-29 2025-02-28 08411421 2023-02-28 08411421 2024-02-28 08411421 2023-03-01 2024-02-28 08411421 frs-core:CurrentFinancialInstruments 2024-02-28 08411421 frs-core:RevaluationReserve 2024-02-28 08411421 frs-core:ShareCapital 2024-02-28 08411421 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28
Registered number: 08411421
Blackfordby Finance Limited
Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 08411421
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 137 378
Investments 5 2,344,177 2,189,534
2,344,314 2,189,912
CURRENT ASSETS
Debtors 6 824 984
Cash at bank and in hand 106,622 60,706
107,446 61,690
Creditors: Amounts Falling Due Within One Year 7 (3,733,114 ) (3,800,376 )
NET CURRENT ASSETS (LIABILITIES) (3,625,668 ) (3,738,686 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,281,354 ) (1,548,774 )
NET LIABILITIES (1,281,354 ) (1,548,774 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 454,915 205,043
Profit and Loss Account (1,736,369 ) (1,753,917 )
SHAREHOLDERS' FUNDS (1,281,354) (1,548,774)
For the year ending 28 February 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 his 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 C H Ashley
Director
28 May 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Blackfordby Finance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08411421 . The registered office is The Old Vicarage, 4 Main Street, Blackfordby, Derbyshire, DE11 8AB.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. 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:
Computer Equipment 25% on a straight line basis
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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
2.7. Investments
Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2025 2024
Office and administration 1 1
1 1
Page 2
Page 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 29 February 2024 1,858
As at 28 February 2025 1,858
Depreciation
As at 29 February 2024 1,480
Provided during the period 241
As at 28 February 2025 1,721
Net Book Value
As at 28 February 2025 137
As at 29 February 2024 378
5. Investments
Listed
£
Cost
As at 29 February 2024 2,189,534
Additions 124,367
Disposals (216,862 )
Revaluations 247,138
As at 28 February 2025 2,344,177
Provision
As at 29 February 2024 -
As at 28 February 2025 -
Net Book Value
As at 28 February 2025 2,344,177
As at 29 February 2024 2,189,534
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 824 984
Page 3
Page 4
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other taxes and social security - 230
Other creditors 1,078 1,169
Accruals and deferred income 1,038 866
Director's loan account 3,730,998 3,798,111
3,733,114 3,800,376
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation Reserve
£
As at 29 February 2024 205,043
Surplus on revaluation 249,872
As at 28 February 2025 454,915
10. Related Party Transactions
During the year the company owed Mr C H Ashley , a director of the company , £3,730,998 (2024: £3,798,111).
11. Ultimate Controlling Party
Mr C H Ashley is the ultimate controlling party due to owning 100% of the ordinary share capital and having 100% of the voting rights within the company.
Page 4