Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11326249 Mr Charles Brown iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11326249 2023-12-31 11326249 2024-12-31 11326249 2024-01-01 2024-12-31 11326249 frs-core:Non-currentFinancialInstruments 2024-12-31 11326249 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11326249 frs-core:MotorVehicles 2024-01-01 2024-12-31 11326249 frs-core:PlantMachinery 2024-01-01 2024-12-31 11326249 frs-core:ShareCapital 2024-12-31 11326249 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11326249 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11326249 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 11326249 frs-bus:SmallEntities 2024-01-01 2024-12-31 11326249 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11326249 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11326249 frs-bus:Director1 2024-01-01 2024-12-31 11326249 frs-countries:EnglandWales 2024-01-01 2024-12-31 11326249 2022-12-31 11326249 2023-12-31 11326249 2023-01-01 2023-12-31 11326249 frs-core:Non-currentFinancialInstruments 2023-12-31 11326249 frs-core:ShareCapital 2023-12-31 11326249 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11326249
Lake House Aviation Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2024
Arete Capital Limited
Chartered Accountants
5 Merchant Square
1st Floor
London
W2 1AY
Lake House Aviation Limited
Contents
Contents

| Page
--- | ---
Abridged Statement of Financial Position | 1—2
Notes to the Abridged Financial Statements | 3—6

Page 1
Lake House Aviation Limited
Abridged Statement of Financial Position
As At 31 December 2024
Abridged Statement of Financial Position
Registered number: 11326249

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 1,850,523 |  | 1,919,728
|  |  | 1,850,523 |  | 1,919,728
CURRENT ASSETS
Debtors |  | 89,983 |  | 293,726 |
Cash at bank and in hand |  | 10,230 |  | 1,892 |
|  | 100,213 |  | 295,618 |
Creditors: Amounts Falling Due Within One Year |  | (2,862,109 ) |  | (2,850,196 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (2,761,896 ) |  | (2,554,578 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (911,373 ) |  | (634,850 )
Creditors: Amounts Falling Due After More Than One Year |  |  | (12,142 ) |  | (22,340 )
NET LIABILITIES |  |  | (923,515 ) |  | (657,190 )
CAPITAL AND RESERVES
Called up share capital | 5 |  | 100 |  | 100
Income Statement |  |  | (923,615 ) |  | (657,290 )
SHAREHOLDERS' FUNDS |  |  | (923,515) |  | (657,190)

Page 1
Page 2
Lake House Aviation Limited
Abridged Statement of Financial Position (continued)
As At 31 December 2024
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 Income Statement.
All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board

Mr Charles Brown Director
6 November 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Lake House Aviation Limited
Notes to the Abridged Financial Statements
For The Year Ended 31 December 2024
Notes to the Abridged Financial Statements
1. General Information
Lake House Aviation Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11326249 . The registered office is 33 Bruton Street, Mayfair, London, W1J 6QU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention as modified to include the revaluation of freehold properties and certain financial instruments at fair value, in accordance with FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Fixed asset investments
lnterests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits fiom its activities.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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.
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Lake House Aviation Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 December 2024
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:

Plant & Machinery | over 12 years
Motor Vehicles | over 4 years
Computer Equipment | over 4 yeras

lmpairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. lf any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. ln assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is canied at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial lnstruments' and Section 12 'Other Financial lnstruments lssues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are ofiset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
...CONTINUED
Page 4
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Lake House Aviation Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 December 2024
2.5. Financial Instruments - continued
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaclion price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabiIities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. lf not, they are presented as non-cunent liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 5
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Lake House Aviation Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 December 2024
4. Tangible Assets

| Total
--- | ---
| £
Cost
As at 1 January 2024 | 2,243,358
Additions | 749
Disposals | (15,695 )
As at 31 December 2024 | 2,228,412
Depreciation
As at 1 January 2024 | 323,630
Provided during the period | 69,953
Disposals | (15,694 )
As at 31 December 2024 | 377,889
Net Book Value
As at 31 December 2024 | 1,850,523
As at 1 January 2024 | 1,919,728

5. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

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