Acorah Software Products - Accounts Production 16.5.460 false true false 7 May 2024 30 June 2025 30 June 2025 15705439 Mr W J Buckingham-Burr Mr S J Mackenzie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15705439 2024-05-06 15705439 2025-06-30 15705439 2024-05-07 2025-06-30 15705439 frs-core:SharePremium 2025-06-30 15705439 frs-core:ShareCapital 2025-06-30 15705439 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30 15705439 frs-bus:PrivateLimitedCompanyLtd 2024-05-07 2025-06-30 15705439 frs-bus:AbridgedAccounts 2024-05-07 2025-06-30 15705439 frs-bus:SmallEntities 2024-05-07 2025-06-30 15705439 frs-bus:AuditExempt-NoAccountantsReport 2024-05-07 2025-06-30 15705439 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-07 2025-06-30 15705439 frs-core:AdditionsToInvestments 2025-06-30 15705439 frs-core:CostValuation 2025-06-30 15705439 frs-bus:Director1 2024-05-07 2025-06-30 15705439 frs-bus:Director2 2024-05-07 2025-06-30 15705439 frs-countries:EnglandWales 2024-05-07 2025-06-30
Registered number: 15705439
Titan Turnmill IC Ltd
Unaudited ABRIDGED Financial Statements
For the Period 7 May 2024 to 30 June 2025
Titan Turnmill IC Ltd
Contents
Contents

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

Page 1
Titan Turnmill IC Ltd
Abridged Balance Sheet
As At 30 June 2025
Abridged Balance Sheet
Registered number: 15705439

| 30 June 2025
--- | ---
| Notes | £ | £
FIXED ASSETS
Investments | 4 |  | 820,000
|  |  | 820,000
CURRENT ASSETS
Debtors |  | 41,185,888 |
Cash at bank and in hand |  | 53,304 |
|  | 41,239,192 |
Creditors: Amounts Falling Due Within One Year |  | (35,262,550 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 5,976,642
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 6,796,642
NET ASSETS |  |  | 6,796,642
CAPITAL AND RESERVES
Called up share capital | 5 |  | 4,040,000
Share premium account |  |  | 20,000
Profit and Loss Account |  |  | 2,736,642
SHAREHOLDERS' FUNDS |  |  | 6,796,642

Page 1
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Titan Turnmill IC Ltd
Abridged Balance Sheet (continued)
As At 30 June 2025
For the period ending 30 June 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 June 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board

Mr S J Mackenzie Director
15/10/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Titan Turnmill IC Ltd
Notes to the Abridged Financial Statements
For the Period 7 May 2024 to 30 June 2025
Notes to the Abridged Financial Statements
1. General Information
Titan Turnmill IC Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15705439 . The registered office is 16 Great Queen Street, Covent Garden, London, WC2B 5AH.
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. Significant judgements and estimations
The directors feel there are no areas where significant judgements or estimates have been made which could materially effect the financial statements. It also requires management to exercise judgement in applying the accounting policies.
The company is a parent of a small group and as such is not required by the Companies Act 2006 to be included in group accounts. These financial statements therefore present information about the company as an individual undertaking and not about the group.
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. Financial Instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment or a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset carrying amount and the present value of estimated cash flows discounted at the assets original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the reporting date.
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Titan Turnmill IC Ltd
Notes to the Abridged Financial Statements (continued)
For the Period 7 May 2024 to 30 June 2025
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 period, 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.
2.6. Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
2.7. Cash and cash equivalents
Cash is represented by cash in hand and deposits with with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to know amounts of cash with insignifcant risk of change in value.
2.8. Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
2.9. Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Investments

| Total
--- | ---
| £
Cost or Valuation
As at 7 May 2024 | -
Additions | 820,000
As at 30 June 2025 | 820,000
Provision
As at 7 May 2024 | -
As at 30 June 2025 | -
Net Book Value
As at 30 June 2025 | 820,000
As at 7 May 2024 | -

Page 4
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Titan Turnmill IC Ltd
Notes to the Abridged Financial Statements (continued)
For the Period 7 May 2024 to 30 June 2025
Titan Turnmill IC Limited owns 100% of the ordinary share capital of Titan Bristol POS Limited, a property management company.
5. Share Capital

| 30 June 2025
--- | ---
| £
Allotted, Called up and fully paid | 4,040,000

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