Acorah Software Products - Accounts Production 16.5.460 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 SC213703 Mr William Watson Mrs Tracy Watson Mr William Watson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC213703 2024-05-31 SC213703 2025-05-31 SC213703 2024-06-01 2025-05-31 SC213703 frs-core:CurrentFinancialInstruments 2025-05-31 SC213703 frs-core:Non-currentFinancialInstruments 2025-05-31 SC213703 frs-core:BetweenOneFiveYears 2025-05-31 SC213703 frs-core:ComputerEquipment 2025-05-31 SC213703 frs-core:ComputerEquipment 2024-06-01 2025-05-31 SC213703 frs-core:ComputerEquipment 2024-05-31 SC213703 frs-core:FurnitureFittings 2025-05-31 SC213703 frs-core:FurnitureFittings 2024-06-01 2025-05-31 SC213703 frs-core:FurnitureFittings 2024-05-31 SC213703 frs-core:PlantMachinery 2025-05-31 SC213703 frs-core:PlantMachinery 2024-06-01 2025-05-31 SC213703 frs-core:PlantMachinery 2024-05-31 SC213703 frs-core:WithinOneYear 2025-05-31 SC213703 frs-core:ShareCapital 2025-05-31 SC213703 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 SC213703 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 SC213703 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 SC213703 frs-bus:SmallEntities 2024-06-01 2025-05-31 SC213703 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 SC213703 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 SC213703 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-05-31 SC213703 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-05-31 SC213703 frs-bus:Director1 2024-06-01 2025-05-31 SC213703 frs-bus:Director2 2024-06-01 2025-05-31 SC213703 frs-bus:CompanySecretary1 2024-06-01 2025-05-31 SC213703 frs-countries:Scotland 2024-06-01 2025-05-31 SC213703 2023-05-31 SC213703 2024-05-31 SC213703 2023-06-01 2024-05-31 SC213703 frs-core:CurrentFinancialInstruments 2024-05-31 SC213703 frs-core:Non-currentFinancialInstruments 2024-05-31 SC213703 frs-core:BetweenOneFiveYears 2024-05-31 SC213703 frs-core:ComputerEquipment 2023-06-01 2024-05-31 SC213703 frs-core:WithinOneYear 2024-05-31 SC213703 frs-core:ShareCapital 2024-05-31 SC213703 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 SC213703 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-05-31
Registered number: SC213703
Albamuir Limited
Financial Statements
For The Year Ended 31 May 2025
Arthur Garty & Co. Ltd.
161 Albert Street
Dundee
Tayside
DD4 6PX
Albamuir Limited
Contents
Contents

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

Page 1
Albamuir Limited
Balance Sheet
As At 31 May 2025
Balance Sheet
Registered number: SC213703

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 3,831,981 |  | 3,986,119
Investment Properties | 5 |  | 3,656,000 |  | 3,656,000
|  |  | 7,487,981 |  | 7,642,119
CURRENT ASSETS
Stocks | 6 | - |  | 25,500 |
Debtors | 7 | 427,222 |  | 274,952 |
Cash at bank and in hand |  | 80,816 |  | 135,559 |
|  | 508,038 |  | 436,011 |
Creditors: Amounts Falling Due Within One Year | 8 | (1,433,710 ) |  | (1,553,073 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (925,672 ) |  | (1,117,062 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 6,562,309 |  | 6,525,057
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (1,250,931 ) |  | (1,680,828 )
NET ASSETS |  |  | 5,311,378 |  | 4,844,229
CAPITAL AND RESERVES
Called up share capital | 12 |  | 2 |  | 2
Fair value reserve | 13 |  | 1,705,620 |  | 1,705,620
Profit and Loss Account |  |  | 3,605,756 |  | 3,138,607
SHAREHOLDERS' FUNDS |  |  | 5,311,378 |  | 4,844,229

Page 1
Page 2
Albamuir Limited
Balance Sheet (continued)
As At 31 May 2025
For the year ending 31 May 2025 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 William Watson Director
17th January 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Albamuir Limited
Notes to the Financial Statements
For The Year Ended 31 May 2025
Notes to the Financial Statements
1. General Information
Albamuir Limited is a private company, limited by shares, incorporated in Scotland, registered number SC213703 . The registered office is Ballindarg House, Ballindarg, Forfar, Angus, DD8 1QA.
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:

Plant & Machinery | Varying rates on cost
Fixtures & Fittings | 15% on reducing balance basis
Solar Farm | 35 years straight line

2.4. 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.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
Page 4
Albamuir Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
2.7. Taxation
Taxation represents the sum of the tax currently payable. The tax currently payable is based on taxable profit for the year. 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets

| Plant & Machinery | Fixtures & Fittings | Solar Farm | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost or Valuation
As at 1 June 2024 | 1,103,291 | 4,980 | 3,549,153 | 4,657,424
As at 31 May 2025 | 1,103,291 | 4,980 | 3,549,153 | 4,657,424
Depreciation
As at 1 June 2024 | 566,981 | 2,920 | 101,404 | 671,305
Provided during the period | 52,425 | 309 | 101,404 | 154,138
As at 31 May 2025 | 619,406 | 3,229 | 202,808 | 825,443
Net Book Value
As at 31 May 2025 | 483,885 | 1,751 | 3,346,345 | 3,831,981
As at 1 June 2024 | 536,310 | 2,060 | 3,447,749 | 3,986,119

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Solar Farm | 2,041,875 |  | 2,103,750

Page 4
Page 5
Albamuir Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 June 2024 and 31 May 2025 | 3,656,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Cost | 1,950,380 |  | 1,950,380

The investment properties were valued on a fair value basis by the director Mr William Watson on 10th January 2023.
6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Work in progress | - |  | 25,500

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 344,205 |  | 224,952
Other debtors | 83,017 |  | 50,000
| 427,222 |  | 274,952

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 389,812 |  | 388,012
Trade creditors | 2,512 |  | 628
Bank loans and overdrafts | 53,028 |  | 53,028
Other creditors | 971,805 |  | 1,092,870
Taxation and social security | 16,553 |  | 18,535
| 1,433,710 |  | 1,553,073

Page 5
Page 6
Albamuir Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 605,262 |  | 990,574
Bank loans | 645,669 |  | 690,254
| 1,250,931 |  | 1,680,828

10. Secured Creditors
Of the creditors the following amounts are secured.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 995,073 |  | 1,378,586
Bank loans and overdrafts | 698,697 |  | 743,282

11. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 389,812 |  | 388,012
Later than one year and not later than five years | 605,262 |  | 990,574
| 995,074 |  | 1,378,586
| 995,074 |  | 1,378,586

12. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2 |  | 2

13. Reserves

| Fair Value Reserve
--- | ---
| £
As at 1 June 2024 | 1,705,620
As at 31 May 2025 | 1,705,620

Page 6