Acorah Software Products - Accounts Production 16.4.675 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 10991410 Mr P Winstone Mrs V Winstone Mrs L Dunn Mr S Winstone Mr C Dunn Ms C Winstone iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10991410 2023-10-31 10991410 2024-10-31 10991410 2023-11-01 2024-10-31 10991410 frs-core:CurrentFinancialInstruments 2024-10-31 10991410 frs-core:BetweenOneFiveYears 2024-10-31 10991410 frs-core:ComputerEquipment 2024-10-31 10991410 frs-core:ComputerEquipment 2023-11-01 2024-10-31 10991410 frs-core:ComputerEquipment 2023-10-31 10991410 frs-core:MotorVehicles 2024-10-31 10991410 frs-core:MotorVehicles 2023-11-01 2024-10-31 10991410 frs-core:MotorVehicles 2023-10-31 10991410 frs-core:WithinOneYear 2024-10-31 10991410 frs-core:ShareCapital 2024-10-31 10991410 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 10991410 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10991410 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 10991410 frs-bus:SmallEntities 2023-11-01 2024-10-31 10991410 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 10991410 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 10991410 frs-bus:Director1 2023-11-01 2024-10-31 10991410 frs-bus:Director2 2023-11-01 2024-10-31 10991410 frs-bus:Director3 2023-11-01 2024-10-31 10991410 frs-bus:Director4 2023-11-01 2024-10-31 10991410 frs-bus:Director5 2023-11-01 2024-10-31 10991410 frs-bus:Director6 2023-11-01 2024-10-31 10991410 frs-countries:EnglandWales 2023-11-01 2024-10-31 10991410 2022-10-31 10991410 2023-10-31 10991410 2022-11-01 2023-10-31 10991410 frs-core:CurrentFinancialInstruments 2023-10-31 10991410 frs-core:BetweenOneFiveYears 2023-10-31 10991410 frs-core:WithinOneYear 2023-10-31 10991410 frs-core:ShareCapital 2023-10-31 10991410 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 10991410
Somac House Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 10991410
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 45,652 3,176
Investment Properties 5 11,403,938 11,403,938
11,449,590 11,407,114
CURRENT ASSETS
Debtors 6 136,064 168,171
Cash at bank and in hand 1,376,130 1,475,512
1,512,194 1,643,683
Creditors: Amounts Falling Due Within One Year 7 (665,439 ) (560,979 )
NET CURRENT ASSETS (LIABILITIES) 846,755 1,082,704
TOTAL ASSETS LESS CURRENT LIABILITIES 12,296,345 12,489,818
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,000 ) -
NET ASSETS 12,291,345 12,489,818
CAPITAL AND RESERVES
Called up share capital 8 12,185,882 12,185,882
Profit and Loss Account 105,463 303,936
SHAREHOLDERS' FUNDS 12,291,345 12,489,818
For the year ending 31 October 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
Mrs L Dunn
Director
25/07/2025
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
Somac House Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10991410 . The registered office is Merlewood, Itchen Abbas, Winchester, SO21 1BB.
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. 
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:
Motor Vehicles 25% reducing balance
Computer Equipment 33% on cost
2.4. Investment Properties
Investment properties are carried at fair value at the most recent valuation. 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. 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 years 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 6)
4 6
Page 2
Page 3
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 15,165 26,563 41,728
Additions 56,765 4,215 60,980
Disposals (13,025 ) - (13,025 )
As at 31 October 2024 58,905 30,778 89,683
Depreciation
As at 1 November 2023 12,316 26,236 38,552
Provided during the period 14,325 1,732 16,057
Disposals (10,578 ) - (10,578 )
As at 31 October 2024 16,063 27,968 44,031
Net Book Value
As at 31 October 2024 42,842 2,810 45,652
As at 1 November 2023 2,849 327 3,176
5. Investment Property
2024
£
Fair Value
As at 1 November 2023 and 31 October 2024 11,403,938
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 13,499 39,501
Other debtors 122,565 128,670
136,064 168,171
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 58,497 34,703
Other creditors 375,311 358,811
Taxation and social security 231,631 167,465
665,439 560,979
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 12,185,882 12,185,882
Page 3
Page 4
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 29,154 19,859
Later than one year and not later than five years 42,578 23,470
71,732 43,329
Page 4