Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SC594338 Christopher Trainer Marc Keenan David Sharp David Sharp iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC594338 2023-12-31 SC594338 2024-12-31 SC594338 2024-01-01 2024-12-31 SC594338 frs-core:CurrentFinancialInstruments 2024-12-31 SC594338 frs-core:ShareCapital 2024-12-31 SC594338 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC594338 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC594338 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC594338 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC594338 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC594338 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC594338 frs-core:CostValuation 2023-12-31 SC594338 frs-core:AdditionsToInvestments 2024-12-31 SC594338 frs-core:DisposalsRepaymentsInvestments 2024-12-31 SC594338 frs-core:CostValuation 2024-12-31 SC594338 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 SC594338 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 SC594338 frs-core:UnlistedNon-exchangeTraded 2024-12-31 SC594338 frs-core:UnlistedNon-exchangeTraded 2023-12-31 SC594338 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 SC594338 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 SC594338 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 SC594338 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 SC594338 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 SC594338 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 SC594338 frs-bus:Director1 2024-01-01 2024-12-31 SC594338 frs-bus:Director2 2024-01-01 2024-12-31 SC594338 frs-bus:Director3 2024-01-01 2024-12-31 SC594338 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 SC594338 frs-countries:Scotland 2024-01-01 2024-12-31 SC594338 2022-12-31 SC594338 2023-12-31 SC594338 2023-01-01 2023-12-31 SC594338 frs-core:CurrentFinancialInstruments 2023-12-31 SC594338 frs-core:ShareCapital 2023-12-31 SC594338 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC594338
Forrest Real Investments Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
14 Newton Place
Glasgow
G3 7PY
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: SC594338
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 3,970,738 3,868,302
3,970,738 3,868,302
CURRENT ASSETS
Debtors 5 5,237,749 5,158,508
Cash at bank and in hand 136,378 7,751
5,374,127 5,166,259
Creditors: Amounts Falling Due Within One Year 6 (8,991,390 ) (8,953,915 )
NET CURRENT ASSETS (LIABILITIES) (3,617,263 ) (3,787,656 )
TOTAL ASSETS LESS CURRENT LIABILITIES 353,475 80,646
NET ASSETS 353,475 80,646
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement 353,375 80,546
SHAREHOLDERS' FUNDS 353,475 80,646
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 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 Income Statement.
On behalf of the board
Christopher Trainer
Director
10/07/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Forrest Real Investments Limited is a private company, limited by shares, incorporated in Scotland, registered number SC594338 . The registered office is 7 Seaward Street, Paisley Road, Glasgow, G41 1HJ.
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. 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. 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 year 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.
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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investments
Unlisted Other Total
£ £ £
Cost
As at 1 January 2024 3,868,122 180 3,868,302
Additions 268,362 - 268,362
Disposals (165,926 ) - (165,926 )
As at 31 December 2024 3,970,558 180 3,970,738
Provision
As at 1 January 2024 - - -
As at 31 December 2024 - - -
Net Book Value
As at 31 December 2024 3,970,558 180 3,970,738
As at 1 January 2024 3,868,122 180 3,868,302
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 53,807 59,358
Corporation tax recoverable assets - 208
Amounts owed by Forrest Hotels Ltd (Rotunda) 754,942 754,942
Amounts owed by Forrest Securities Ltd 1,000,000 825,000
Amounts owed by Forrest Hotels Ltd 3,429,000 3,519,000
5,237,749 5,158,508
The amount owed by Forrest Hotels Ltd is unsecured, interest free and repayable on demand.
The amounts owed by Forrest Hotels Ltd (Rotunda) and Forrest Securities Ltd are unsecured, interest bearing and repayable on demand.
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 62,559 9,336
Accruals and deferred income 900 864
Directors' loan accounts 8,927,931 8,943,715
8,991,390 8,953,915
The directors' loans are unsecured, interest free and repayable on demand.
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3