Acorah Software Products - Accounts Production 16.5.460 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 SC737587 Mrs R H Bailey Palumbo Mr A Palumbo iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC737587 2024-03-31 SC737587 2025-03-31 SC737587 2024-04-01 2025-03-31 SC737587 frs-core:CurrentFinancialInstruments 2025-03-31 SC737587 frs-core:ComputerEquipment 2025-03-31 SC737587 frs-core:ComputerEquipment 2024-04-01 2025-03-31 SC737587 frs-core:ComputerEquipment 2024-03-31 SC737587 frs-core:FurnitureFittings 2025-03-31 SC737587 frs-core:FurnitureFittings 2024-04-01 2025-03-31 SC737587 frs-core:FurnitureFittings 2024-03-31 SC737587 frs-core:ShareCapital 2025-03-31 SC737587 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC737587 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC737587 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC737587 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC737587 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC737587 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC737587 frs-bus:Director1 2024-04-01 2025-03-31 SC737587 frs-bus:Director2 2024-04-01 2025-03-31 SC737587 frs-countries:Scotland 2024-04-01 2025-03-31 SC737587 2023-03-31 SC737587 2024-03-31 SC737587 2023-04-01 2024-03-31 SC737587 frs-core:CurrentFinancialInstruments 2024-03-31 SC737587 frs-core:ShareCapital 2024-03-31 SC737587 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC737587
Chancho Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Chancho Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Chancho Ltd
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: SC737587

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 1,856 |  | -
|  |  | 1,856 |  | -
CURRENT ASSETS
Stock | 5 | 2,500 |  | - |
Debtors | 6 | 7,350 |  | 8,555 |
Cash at bank and in hand |  | 42,945 |  | - |
|  | 52,795 |  | 8,555 |
Creditors: Amounts Falling Due Within One Year | 7 | (56,315 ) |  | (26,133 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (3,520 ) |  | (17,578 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (1,664 ) |  | (17,578 )
NET LIABILITIES |  |  | (1,664 ) |  | (17,578 )
CAPITAL AND RESERVES
Called up share capital | 8 |  | 100 |  | 100
Profit and Loss Account |  |  | (1,764 ) |  | (17,678 )
SHAREHOLDERS' FUNDS |  |  | (1,664) |  | (17,578)

Page 1
Page 2
Chancho Ltd
Balance Sheet (continued)
As At 31 March 2025
For the year ending 31 March 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 A Palumbo Director
1 October 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Chancho Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Chancho Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC737587 . The registered office is 49 Bread Street, Edinburgh, EH3 9AH.
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. Going Concern Disclosure
The directors have carried out an assessment of the going concern position of the company, including consideration of the company's net liability position. With their continued support, the directors have concluded that they have a reasonable expectation that the company has adequate access to resources to continue as a going concern for a period of at least 12 months. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.
2.3. 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.
2.4. 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% straight line
Computer Equipment | 33.33% straight line

2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: NIL)
2 -
Page 3
Page 4
Chancho Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
4. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2024 | - | - | -
Additions | 2,238 | 266 | 2,504
As at 31 March 2025 | 2,238 | 266 | 2,504
Depreciation
As at 1 April 2024 | - | - | -
Provided during the period | 559 | 89 | 648
As at 31 March 2025 | 559 | 89 | 648
Net Book Value
As at 31 March 2025 | 1,679 | 177 | 1,856
As at 1 April 2024 | - | - | -

5. Stock

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 2,500 |  | -

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 480 |  | -
Other debtors | 5,578 |  | 5,578
VAT | 1,292 |  | 2,977
| 7,350 |  | 8,555

Page 4
Page 5
Chancho Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 3,242 |  | -
Other taxes and social security | 750 |  | -
Other creditors | 117 |  | -
Accruals and deferred income | 2,139 |  | 650
Directors' loan accounts | 369 |  | 210
Amounts owed to related parties | 49,698 |  | 25,273
| 56,315 |  | 26,133

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

9. Related Party Transactions
As at 31 March 2025, the Company owed £49,698 (2024: £25,273) to Bailey & Palumbo Ltd, a company with common directors.
As at 31 March 2025, the Company owed £369 (2024: £210) to the directors.
Page 5