Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09303575 Mr D A Pass iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09303575 2023-12-31 09303575 2024-12-31 09303575 2024-01-01 2024-12-31 09303575 frs-core:CurrentFinancialInstruments 2024-12-31 09303575 frs-core:Non-currentFinancialInstruments 2024-12-31 09303575 frs-core:ComputerEquipment 2024-12-31 09303575 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09303575 frs-core:ComputerEquipment 2023-12-31 09303575 frs-core:FurnitureFittings 2024-12-31 09303575 frs-core:FurnitureFittings 2024-01-01 2024-12-31 09303575 frs-core:FurnitureFittings 2023-12-31 09303575 frs-core:ShareCapital 2024-12-31 09303575 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09303575 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09303575 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09303575 frs-bus:SmallEntities 2024-01-01 2024-12-31 09303575 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09303575 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09303575 frs-core:UnlistedNon-exchangeTraded 2024-12-31 09303575 frs-core:UnlistedNon-exchangeTraded 2023-12-31 09303575 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 09303575 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 09303575 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 09303575 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 09303575 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 09303575 frs-bus:Director1 2024-01-01 2024-12-31 09303575 frs-countries:EnglandWales 2024-01-01 2024-12-31 09303575 2022-12-31 09303575 2023-12-31 09303575 2023-01-01 2023-12-31 09303575 frs-core:CurrentFinancialInstruments 2023-12-31 09303575 frs-core:Non-currentFinancialInstruments 2023-12-31 09303575 frs-core:ShareCapital 2023-12-31 09303575 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09303575
ERAIH Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09303575
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 954 1,537
Investment Properties 5 7,976,382 7,976,382
Investments 6 4,670,000 -
12,647,336 7,977,919
CURRENT ASSETS
Debtors 7 72,241 67,475
Investments 8 31,847,816 32,885,167
Cash at bank and in hand 23,946,361 8,884,831
55,866,418 41,837,473
Creditors: Amounts Falling Due Within One Year 9 (631,449 ) (341,011 )
NET CURRENT ASSETS (LIABILITIES) 55,234,969 41,496,462
TOTAL ASSETS LESS CURRENT LIABILITIES 67,882,305 49,474,381
Creditors: Amounts Falling Due After More Than One Year 10 (59,000,000 ) (45,235,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (119,831 ) (160,744 )
NET ASSETS 8,762,474 4,078,637
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 8,762,374 4,078,537
SHAREHOLDERS' FUNDS 8,762,474 4,078,637
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For the year ending 31 December 2024 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 D A Pass
Director
11 June 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
ERAIH Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09303575 . The registered office is The Home Close, 36, Edge Road, Matlock, Derbyshire, DE4 3NH.
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.
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.
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 311 2,285 2,596
As at 31 December 2024 311 2,285 2,596
Depreciation
As at 1 January 2024 28 1,031 1,059
Provided during the period 78 505 583
As at 31 December 2024 106 1,536 1,642
Net Book Value
As at 31 December 2024 205 749 954
As at 1 January 2024 283 1,254 1,537
5. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 7,976,382
6. Investments
Unlisted
£
Cost
As at 1 January 2024 -
Additions 4,670,000
As at 31 December 2024 4,670,000
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 4,670,000
As at 1 January 2024 -
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 44,474 35,298
Prepayments and accrued income 10,895 12,097
55,369 47,395
Due after more than one year
Other debtors 16,872 20,080
72,241 67,475
8. Current Asset Investments
2024 2023
£ £
Listed investments 31,847,816 32,885,167
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,423 10
Corporation tax 304,776 101,850
VAT 26,925 22,878
Other creditors 194,399 125,732
Accruals and deferred income 10,720 3,335
Director's loan account 92,206 87,206
631,449 341,011
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 59,000,000 45,235,000
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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