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 05227656 Mr Allan Mills Mr Kenneth Rayner Mr Robin Minter-Kemp iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05227656 2023-12-31 05227656 2024-12-31 05227656 2024-01-01 2024-12-31 05227656 frs-core:CurrentFinancialInstruments 2024-12-31 05227656 frs-core:ComputerEquipment 2024-12-31 05227656 frs-core:ComputerEquipment 2024-01-01 2024-12-31 05227656 frs-core:ComputerEquipment 2023-12-31 05227656 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 05227656 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 05227656 frs-core:FurnitureFittings 2024-12-31 05227656 frs-core:FurnitureFittings 2024-01-01 2024-12-31 05227656 frs-core:FurnitureFittings 2023-12-31 05227656 frs-core:CapitalRedemptionReserve 2024-12-31 05227656 frs-core:SharePremium 2024-12-31 05227656 frs-core:ShareCapital 2024-12-31 05227656 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05227656 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05227656 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05227656 frs-bus:SmallEntities 2024-01-01 2024-12-31 05227656 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05227656 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05227656 frs-core:UnlistedNon-exchangeTraded 2024-12-31 05227656 frs-core:UnlistedNon-exchangeTraded 2023-12-31 05227656 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 05227656 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 05227656 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 05227656 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 05227656 frs-bus:Director1 2024-01-01 2024-12-31 05227656 frs-bus:Director2 2024-01-01 2024-12-31 05227656 frs-bus:Director3 2024-01-01 2024-12-31 05227656 frs-countries:EnglandWales 2024-01-01 2024-12-31 05227656 2022-12-31 05227656 2023-12-31 05227656 2023-01-01 2023-12-31 05227656 frs-core:CurrentFinancialInstruments 2023-12-31 05227656 frs-core:CapitalRedemptionReserve 2023-12-31 05227656 frs-core:SharePremium 2023-12-31 05227656 frs-core:ShareCapital 2023-12-31 05227656 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 05227656
Rayner Spencer Mills Research Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
TaxAssist Accountants
30 North Street
Keighley
BD21 3SE
Rayner Spencer Mills Research Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Rayner Spencer Mills Research Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 05227656

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 6,071 |  | 7,388
Investments | 6 |  | 68,000 |  | 68,000
|  |  | 74,071 |  | 75,388
CURRENT ASSETS
Debtors | 7 | 76,499 |  | 72,683 |
Cash at bank and in hand |  | 1,325,496 |  | 630,302 |
|  | 1,401,995 |  | 702,985 |
Creditors: Amounts Falling Due Within One Year | 8 | (693,376 ) |  | (525,405 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 708,619 |  | 177,580
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 782,690 |  | 252,968
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (1,518 ) |  | (1,736 )
NET ASSETS |  |  | 781,172 |  | 251,232
CAPITAL AND RESERVES
Called up share capital | 9 |  | 23 |  | 23
Share premium account |  |  | 23 |  | 23
Capital redemption reserve |  |  | (135,666 ) |  | (135,666 )
Profit and Loss Account |  |  | 916,792 |  | 386,852
SHAREHOLDERS' FUNDS |  |  | 781,172 |  | 251,232

Page 1
Page 2
Rayner Spencer Mills Research Limited
Balance Sheet (continued)
As At 31 December 2024
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 Profit and Loss Account.
On behalf of the board

Mr Allan Mills Director | Mr Kenneth Rayner Director
31st July 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Rayner Spencer Mills Research Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Rayner Spencer Mills Research Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05227656 . The registered office is 20 Ryefield Business Park Belton Road, Silsden, Keighley, West Yorkshire, BD20 0EE.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their expected useful economic lives.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.4. 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% Reducing Balance
Computer Equipment | 25% Reducing Balance

Page 3
Page 4
Rayner Spencer Mills Research Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
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 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: 23 (2023: 23)
23 23
4. Intangible Assets

| Development Costs
--- | ---
| £
Cost
As at 1 January 2024 | 48,978
As at 31 December 2024 | 48,978
Amortisation
As at 1 January 2024 | 48,978
As at 31 December 2024 | 48,978
Net Book Value
As at 31 December 2024 | -
As at 1 January 2024 | -

Page 4
Page 5
Rayner Spencer Mills Research Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
5. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2024 | 24,903 | 34,259 | 59,162
Additions | - | 2,605 | 2,605
As at 31 December 2024 | 24,903 | 36,864 | 61,767
Depreciation
As at 1 January 2024 | 23,028 | 28,746 | 51,774
Provided during the period | 719 | 3,203 | 3,922
As at 31 December 2024 | 23,747 | 31,949 | 55,696
Net Book Value
As at 31 December 2024 | 1,156 | 4,915 | 6,071
As at 1 January 2024 | 1,875 | 5,513 | 7,388

6. Investments

| Unlisted
--- | ---
| £
Cost
As at 1 January 2024 | 68,000
As at 31 December 2024 | 68,000
Provision
As at 1 January 2024 | -
As at 31 December 2024 | -
Net Book Value
As at 31 December 2024 | 68,000
As at 1 January 2024 | 68,000

The investment represents 100% of the share capital of RSMR Portfolio Services Limited. The investment is valued at cost.
Page 5
Page 6
Rayner Spencer Mills Research Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
7. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 33,936 |  | 44,775
Prepayments and accrued income | 40,175 |  | 27,908
Other debtors | 2,388 |  | -
| 76,499 |  | 72,683

8. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 88,856 |  | 14,518
Corporation tax | 238,488 |  | 153,422
Other taxes and social security | 75,284 |  | 89,842
VAT | 109,850 |  | 27,230
Accruals and deferred income | 154,378 |  | 150,317
Directors' loan accounts | 26,520 |  | 90,076
| 693,376 |  | 525,405

9. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 23 |  | 23

10. Post Balance Sheet Events
On 7 January 2025, the company completed the sale of its entire investment in RSMR Portfolio Services Limited to two of its directors, Mr. Kenneth Rayner and Mr. Allan Mills. This transaction occurred after the reporting period ended on 31 December 2024 and, therefore, is classified as a non-adjusting event under FRS 102 Section 32. Consequently, the financial statements for the year ended 31 December 2024 do not reflect the effects of this disposal.
The sale represents a significant change in the company’s investment holdings. However, as the transaction was completed after the reporting date, no adjustments have been made to the carrying value of the investment in RSMR Portfolio Services Limited as at 31 December 2024. Further details regarding the financial impact of this transaction will be provided in the financial statements for the year ending 31 December 2025.
11. Related Party Transactions
During the year, the company received dividends of £300,000 (2023:£50,000) from its wholly owned subsidiary, RSMR Portfolio Services Limited.
During the year, the company received management fees of £434,111 (2023:£140,000) from its wholly owned subsidiary, RSMR Portfolio Services Limited.
Page 6