Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 03904960 Mr Dean Mayze Mr Alan Mayze Miss Moria Mortlock Mr Alan Mayze iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03904960 2023-03-31 03904960 2024-03-31 03904960 2023-04-01 2024-03-31 03904960 frs-core:CurrentFinancialInstruments 2024-03-31 03904960 frs-core:Non-currentFinancialInstruments 2024-03-31 03904960 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 03904960 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03904960 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 03904960 frs-core:OtherReservesSubtotal 2024-03-31 03904960 frs-core:RevaluationReserve 2023-03-31 03904960 frs-core:RevaluationReserve 2024-03-31 03904960 frs-core:ShareCapital 2024-03-31 03904960 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03904960 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03904960 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03904960 frs-bus:SmallEntities 2023-04-01 2024-03-31 03904960 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03904960 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03904960 frs-bus:Director1 2023-04-01 2024-03-31 03904960 frs-bus:Director2 2023-04-01 2024-03-31 03904960 frs-bus:Director3 2023-04-01 2024-03-31 03904960 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 03904960 frs-countries:EnglandWales 2023-04-01 2024-03-31 03904960 2022-03-31 03904960 2023-03-31 03904960 2022-04-01 2023-03-31 03904960 frs-core:CurrentFinancialInstruments 2023-03-31 03904960 frs-core:Non-currentFinancialInstruments 2023-03-31 03904960 frs-core:OtherReservesSubtotal 2023-03-31 03904960 frs-core:RevaluationReserve 2023-03-31 03904960 frs-core:ShareCapital 2023-03-31 03904960 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 03904960
Aaum Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Berrywood Accountants
The New Studio
Wintershill Farm
Wintershill, Durley
Hampshire
SO32 2AH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03904960
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 422,014 424,504
422,014 424,504
CURRENT ASSETS
Cash at bank and in hand 20,012 20,012
20,012 20,012
Creditors: Amounts Falling Due Within One Year 5 (14,741 ) (14,740 )
NET CURRENT ASSETS (LIABILITIES) 5,271 5,272
TOTAL ASSETS LESS CURRENT LIABILITIES 427,285 429,776
Creditors: Amounts Falling Due After More Than One Year 6 (127,758 ) (118,481 )
NET ASSETS 299,527 311,295
CAPITAL AND RESERVES
Called up share capital 7 28 28
Revaluation reserve 8 200,000 200,000
Other reserves 844,122 844,122
Profit and Loss Account (744,623 ) (732,855 )
SHAREHOLDERS' FUNDS 299,527 311,295
Page 1
Page 2
For the year ending 31 March 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
Mr Dean Mayze
Director
12/06/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Aaum Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03904960 . The registered office is Hafan-Y-Coed Hafan-Y-Coed, Heol Tawe, Abercrave, Swansea, West Glamorgan, SA9 1TJ.
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:
Freehold 2.5% Reducing
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold
£
Cost or Valuation
As at 1 April 2023 460,398
As at 31 March 2024 460,398
Depreciation
As at 1 April 2023 35,894
Provided during the period 2,490
As at 31 March 2024 38,384
Net Book Value
As at 31 March 2024 422,014
As at 1 April 2023 424,504
Page 3
Page 4
Property 
It was the intention of the directors that the property held to trade from should be transferred to the company. The company thus recognised the asset in the blanace sheet and paid for it by creating a loan account with the director. A solicitor was to be instructed to transfer title deeds. On change of Accountant in 2020 accounts year it has been learned that the title deeds were never transferred to the company and remain in the name of the director.  It is however the express agreement of all involved that the property should be deemed an asset of the company.
The company balanace sheet has therefore been adjusted to reflect the correct position and the increase in value during the time, also not reflected in the accounts, for the unencumbered use of the asset has been deemed to equate to the payments made by the Company for running costs and repairs as previosuly stated in the Profit and Loss.
The Director has revauled the freehold deemed a company asset this financial year based on a fair value compared to the surrounding property market.
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Other creditors 10,725 10,725
Accruals and deferred income 4,015 4,015
14,741 14,740
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 127,758 118,481
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 28 28
8. Reserves
Revaluation Reserve
£
As at 1 April 2023 200,000
As at 31 March 2024 200,000
Page 4