Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 30 September 2025 1 January 2024 31 December 2024 31 December 2024 NI609711 Mr Keith Elliott Mr Mark Elliott Mr Steven Elliott Mr Ashley Elliott Mr Ashley Elliott true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI609711 2023-12-31 NI609711 2024-12-31 NI609711 2024-01-01 2024-12-31 NI609711 frs-core:CurrentFinancialInstruments 2024-12-31 NI609711 frs-core:ShareCapital 2024-12-31 NI609711 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI609711 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI609711 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 NI609711 frs-bus:SmallEntities 2024-01-01 2024-12-31 NI609711 frs-bus:Audited 2024-01-01 2024-12-31 NI609711 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 NI609711 1 2024-01-01 2024-12-31 NI609711 frs-bus:Director1 2024-01-01 2024-12-31 NI609711 frs-bus:Director2 2024-01-01 2024-12-31 NI609711 frs-bus:Director3 2024-01-01 2024-12-31 NI609711 frs-bus:Director4 2024-01-01 2024-12-31 NI609711 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 NI609711 frs-countries:NorthernIreland 2024-01-01 2024-12-31 NI609711 2022-12-31 NI609711 2023-12-31 NI609711 2023-01-01 2023-12-31 NI609711 frs-core:CurrentFinancialInstruments 2023-12-31 NI609711 frs-core:ShareCapital 2023-12-31 NI609711 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: NI609711
Finnard Finance Limited
ABRIDGED Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Abridged Balance Sheet 1
Notes to the Abridged Financial Statements 2—3
Page 1
Abridged Balance Sheet
Registered number: NI609711
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 26,986,893 33,898,559
Cash at bank and in hand 2,086,241 393,813
29,073,134 34,292,372
Creditors: Amounts Falling Due Within One Year (215,171 ) (5,555,010 )
NET CURRENT ASSETS (LIABILITIES) 28,857,963 28,737,362
TOTAL ASSETS LESS CURRENT LIABILITIES 28,857,963 28,737,362
NET ASSETS 28,857,963 28,737,362
CAPITAL AND RESERVES
Called up share capital 4 10,000 10,000
Profit and Loss Account 28,847,963 28,727,362
SHAREHOLDERS' FUNDS 28,857,963 28,737,362
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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Ashley Elliott
Director
30/09/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Abridged Financial Statements
1. General Information
Finnard Finance Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI609711 . The registered office is 19 Church Road, Portadown, Co. Armagh, BT63 5HT.
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. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
2.3. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: )
- -
4. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 2 2
Called Up Share Capital has been paid up 9,998 9,998
Amount of Allotted, Called Up Share Capital 10,000 10,000
Page 2
Page 3
5. Related Party Transactions
During the year the company entered into the following transactions with related parties:
Transaction value
Balance owed by/(owed to )
2024
2023
2024
2023
£
£
£
£
Kamell Ltd
-
-
-
(5,276,000)
6. Ultimate Controlling Party
The company is controlled by Pincap Limited, a company incorporated on the Isle of Man, by way of 100% shareholding. Group accounts for the company are not available to the public.
7. Audit Information
The auditor's report on the accounts of Finnard Finance Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by James Robinson (Senior Statutory Auditor) for and on behalf of WHR Accountants Ltd , Statutory Auditor.
WHR Accountants Ltd
Chartered Certified Accountants
56 Upper English Street
Armagh
Co. Armagh
BT61 7LG
Page 3