Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11093783 J Andrews J Lubin Z Williamson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11093783 2023-12-31 11093783 2024-12-31 11093783 2024-01-01 2024-12-31 11093783 frs-core:CurrentFinancialInstruments 2024-12-31 11093783 frs-core:ComputerEquipment 2024-12-31 11093783 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11093783 frs-core:ComputerEquipment 2023-12-31 11093783 frs-core:FurnitureFittings 2024-12-31 11093783 frs-core:FurnitureFittings 2024-01-01 2024-12-31 11093783 frs-core:FurnitureFittings 2023-12-31 11093783 frs-core:SharePremium 2024-12-31 11093783 frs-core:ShareCapital 2024-12-31 11093783 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11093783 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11093783 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11093783 frs-bus:SmallEntities 2024-01-01 2024-12-31 11093783 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11093783 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11093783 frs-core:UnlistedNon-exchangeTraded 2024-12-31 11093783 frs-core:UnlistedNon-exchangeTraded 2023-12-31 11093783 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 11093783 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 11093783 frs-core:TransfersIntoOrOutInvestmentsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 11093783 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 11093783 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 11093783 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 11093783 frs-bus:Director1 2024-01-01 2024-12-31 11093783 frs-bus:Director2 2024-01-01 2024-12-31 11093783 frs-bus:Director3 2024-01-01 2024-12-31 11093783 frs-countries:EnglandWales 2024-01-01 2024-12-31 11093783 2022-12-31 11093783 2023-12-31 11093783 2023-01-01 2023-12-31 11093783 frs-core:CurrentFinancialInstruments 2023-12-31 11093783 frs-core:SharePremium 2023-12-31 11093783 frs-core:ShareCapital 2023-12-31 11093783 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11093783
Spilsbury Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11093783
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 78,303 83,852
Investments 5 6,098,971 16,282,696
6,177,274 16,366,548
CURRENT ASSETS
Debtors 6 1,557,699 1,337,594
Cash at bank and in hand 30,522,340 38,194,346
32,080,039 39,531,940
Creditors: Amounts Falling Due Within One Year 7 (472,500 ) (1,721,360 )
NET CURRENT ASSETS (LIABILITIES) 31,607,539 37,810,580
TOTAL ASSETS LESS CURRENT LIABILITIES 37,784,813 54,177,128
NET ASSETS 37,784,813 54,177,128
CAPITAL AND RESERVES
Called up share capital 8 243 242
Share premium account 89,258,570 89,258,558
Profit and Loss Account (51,474,000 ) (35,081,672 )
SHAREHOLDERS' FUNDS 37,784,813 54,177,128
Page 1
Page 2
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
J Andrews
Director
25 September 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
Spilsbury Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11093783 . The registered office is 3-11 Pine Street, 210 Exmouth House, London, EC1R 0JH.
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. 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 Over 2 years
2.4. Foreign Currencies
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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.
Page 3
Page 4
2.6. Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 25 (2023: 21)
25 21
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 21,925 121,764 143,689
Additions 17,894 39,077 56,971
As at 31 December 2024 39,819 160,841 200,660
Depreciation
As at 1 January 2024 6,015 53,822 59,837
Provided during the period 7,555 54,965 62,520
As at 31 December 2024 13,570 108,787 122,357
Net Book Value
As at 31 December 2024 26,249 52,054 78,303
As at 1 January 2024 15,910 67,942 83,852
5. Investments
Unlisted
£
Cost or Valuation
As at 1 January 2024 16,282,696
Revaluations 3,816,275
Transfers (14,000,000 )
As at 31 December 2024 6,098,971
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 6,098,971
As at 1 January 2024 16,282,696
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 180,949
Other debtors 1,557,699 1,156,645
1,557,699 1,337,594
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 375,950 609,513
Other creditors 96,550 720,330
Taxation and social security - 391,517
472,500 1,721,360
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 243 242
Page 5