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 03224186 Mr Paul Pressland Mr Justin Pressland Dr John Gayner Dr John Gayner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03224186 2023-12-31 03224186 2024-12-31 03224186 2024-01-01 2024-12-31 03224186 frs-core:CurrentFinancialInstruments 2024-12-31 03224186 frs-core:Non-currentFinancialInstruments 2024-12-31 03224186 frs-core:InvestmentPropertyIncludedWithinPPE 2024-12-31 03224186 frs-core:InvestmentPropertyIncludedWithinPPE 2024-01-01 2024-12-31 03224186 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 03224186 frs-core:PlantMachinery 2024-12-31 03224186 frs-core:PlantMachinery 2024-01-01 2024-12-31 03224186 frs-core:PlantMachinery 2023-12-31 03224186 frs-core:RevaluationReserve 2024-01-01 2024-12-31 03224186 frs-core:RevaluationReserve 2023-12-31 03224186 frs-core:RevaluationReserve 2024-12-31 03224186 frs-core:ShareCapital 2024-12-31 03224186 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 03224186 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03224186 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 03224186 frs-bus:SmallEntities 2024-01-01 2024-12-31 03224186 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03224186 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03224186 frs-bus:Director1 2024-01-01 2024-12-31 03224186 frs-bus:Director2 2024-01-01 2024-12-31 03224186 frs-bus:Director3 2024-01-01 2024-12-31 03224186 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 03224186 frs-countries:EnglandWales 2024-01-01 2024-12-31 03224186 2022-12-31 03224186 2023-12-31 03224186 2023-01-01 2023-12-31 03224186 frs-core:CurrentFinancialInstruments 2023-12-31 03224186 frs-core:Non-currentFinancialInstruments 2023-12-31 03224186 frs-core:RevaluationReserve 2023-12-31 03224186 frs-core:ShareCapital 2023-12-31 03224186 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 03224186
Currentasset Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Andrew Lillingston Limited
13 Hurlingham Studios
Ranelagh Gardens
London
SW6 3PA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03224186
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,887,874 9,151,489
6,887,874 9,151,489
CURRENT ASSETS
Debtors 5 963,930 768,499
Cash at bank and in hand 85,416 83,395
1,049,346 851,894
Creditors: Amounts Falling Due Within One Year 6 (975,588 ) (1,249,854 )
NET CURRENT ASSETS (LIABILITIES) 73,758 (397,960 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,961,632 8,753,529
Creditors: Amounts Falling Due After More Than One Year 7 (1,277,121 ) (2,341,283 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (410,655 ) (456,697 )
NET ASSETS 5,273,856 5,955,549
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 2,189,260 2,417,184
Profit and Loss Account 3,084,496 3,538,265
SHAREHOLDERS' FUNDS 5,273,856 5,955,549
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
Mr Justin Pressland
Director
29/09/2025
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
Currentasset Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03224186 . The registered office is Fulham Park House, 1A Chesilton Road, London, SW6 5AA.
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 represents the amounts (excluding value added tax) derived from the provision of services to tenants during the year.

Rental income from operating leases (net of any incentives given to the tenants) is recognised on a straight line basis over the term of the lease.
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 25% 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. 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: 3 (2023: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Investment Properties Plant & Machinery Total
£ £ £
Cost or Valuation
As at 1 January 2024 9,140,000 34,589 9,174,589
Additions 6,510 - 6,510
Disposals (1,472,076 ) (23,291 ) (1,495,367 )
Revaluation (789,434 ) - (789,434 )
As at 31 December 2024 6,885,000 11,298 6,896,298
Depreciation
As at 1 January 2024 - 23,100 23,100
Provided during the period - 958 958
Disposals - (15,634 ) (15,634 )
As at 31 December 2024 - 8,424 8,424
Net Book Value
As at 31 December 2024 6,885,000 2,874 6,887,874
As at 1 January 2024 9,140,000 11,489 9,151,489
The historic cost of the investments was £5,257,251 (2023: £6,722,816). 
Cost or valuation as at 31 December 2024 represented by:
Investment Properties Plant & Machinery Total
£ £ £
At cost 6,885,000 11,298 6,896,298
6,885,000 11,298 6,896,298
The investment properties were valued by the directors in 2024 using market based evidence of similar properties sold in the local area. 
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 71,682 61,632
Prepayments and accrued income 5,748 17,867
Other debtors 886,500 689,000
963,930 768,499
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 187,642 874,868
Corporation tax - 66,372
Other taxes and social security 31,491 23,376
Net wages 15,298 11,747
Other creditors 579,817 159,817
Accruals and deferred income 130,301 94,142
Directors' loan accounts 31,039 19,532
975,588 1,249,854
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,277,121 2,341,283
Lloyds Bank plc holds legal charges over the land at buildings at: 39 and 39a Station Road, Swanage; 50 Newton Road, Bristol; 257 Munster Road, London; 329 Lillie Road, London; 185 Fulham Palace Road, London; 6 Bournemeouth Road, Poole; 291 New Kings Road, London; Unit A3 15 The Quay, Poole; 134 Fulham Road, London; Unit 1, 496 Blandford Road, Poole; and 8 Bournemouth Road, Poole.
G Hoare & Co holds a fixed charge and negative pledge over Enefco House freehold property situated at 2 and 3 Cinema Building, Poole Road, Bournemouth.
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 1,277,121 2,351,283
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Revaluation Reserve
£
As at 1 January 2024 2,417,184
Deficit on revaluation (227,924)
Transfer to profit and loss -
As at 31 December 2024 2,189,260
Page 5