Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 05255209 Mr G Gilchrist iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05255209 2023-10-31 05255209 2024-10-31 05255209 2023-11-01 2024-10-31 05255209 frs-core:CurrentFinancialInstruments 2024-10-31 05255209 frs-core:InvestmentPropertyIncludedWithinPPE 2024-10-31 05255209 frs-core:InvestmentPropertyIncludedWithinPPE 2023-10-31 05255209 frs-core:ShareCapital 2024-10-31 05255209 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 05255209 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05255209 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 05255209 frs-bus:SmallEntities 2023-11-01 2024-10-31 05255209 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 05255209 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 05255209 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 05255209 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-10-31 05255209 frs-core:ListedExchangeTraded 2024-10-31 05255209 frs-core:ListedExchangeTraded 2023-10-31 05255209 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-10-31 05255209 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-10-31 05255209 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-10-31 05255209 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-10-31 05255209 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-10-31 05255209 frs-bus:Director1 2023-11-01 2024-10-31 05255209 frs-countries:EnglandWales 2023-11-01 2024-10-31 05255209 2022-10-31 05255209 2023-10-31 05255209 2022-11-01 2023-10-31 05255209 frs-core:CurrentFinancialInstruments 2023-10-31 05255209 frs-core:ShareCapital 2023-10-31 05255209 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 05255209 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31
Registered number: 05255209
Soundreturn Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05255209
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 230,000 230,000
Investments 5 - 10,125
230,000 240,125
CURRENT ASSETS
Debtors 6 1,273 1,155
Cash at bank and in hand 16,571 5,611
17,844 6,766
Creditors: Amounts Falling Due Within One Year 7 (1,944 ) (1,703 )
NET CURRENT ASSETS (LIABILITIES) 15,900 5,063
TOTAL ASSETS LESS CURRENT LIABILITIES 245,900 245,188
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,096 ) (4,120 )
NET ASSETS 241,804 241,068
CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair value reserve 9 38,251 38,354
Profit and Loss Account 203,551 202,712
SHAREHOLDERS' FUNDS 241,804 241,068
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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 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 G Gilchrist
Director
24/07/2025
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
Soundreturn Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05255209 . The registered office is c/o Camabelu Limited, Office 44, A30 Business Centre, Higher Stockley Mead, Okehampton, Devon, EX20 1BG.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 
2.3. 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.
2.4. 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.
2.5. 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.
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2.6. Listed Investments
Listed investments held as fixed assets are shown at fair value, based on the market value at the balance sheet date.
3. Average Number of Employees
Average number of employees during the year was as follows: NIL (2023: NIL)
- -
4. Tangible Assets
Investment Properties
£
Cost
As at 1 November 2023 230,000
As at 31 October 2024 230,000
Net Book Value
As at 31 October 2024 230,000
As at 1 November 2023 230,000
The investment property was valued on an open market basis on 31 October 2024 by the director. 
Cost or valuation as at 31 October 2024 represented by:
Investment Properties
£
At cost 187,653
At valuation 42,347
230,000
5. Investments
Listed
£
Cost
As at 1 November 2023 10,125
Disposals (10,125 )
As at 31 October 2024 -
Provision
As at 1 November 2023 -
As at 31 October 2024 -
...CONTINUED
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Net Book Value
As at 31 October 2024 -
As at 1 November 2023 10,125
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,273 1,155
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,812 1,703
Taxation and social security 132 -
1,944 1,703
Included within other creditors is an amount owed to the director of £646 (2023 - £574). This amount is interest free and repayable on demand.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Reserves
Fair Value Reserve
£
As at 1 November 2023 38,354
Movements in fair value reserve (103)
As at 31 October 2024 38,251
The fair value reserve reflects the cumulative gain on revaluation of the investment property and the investments, less deferred tax provision for the potential gain on disposal. The fair value movements are recognised in the profit and loss account and then transferred to the non distributable fair value reserve.
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