Acorah Software Products - Accounts Production 16.5.460 false true true 30 November 2023 24 November 2022 false 1 December 2023 30 November 2024 30 November 2024 14504731 Oliver Robert Partington the director true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14504731 2023-11-30 14504731 2024-11-30 14504731 2023-12-01 2024-11-30 14504731 frs-core:CurrentFinancialInstruments 2024-11-30 14504731 frs-core:ComputerEquipment 2024-11-30 14504731 frs-core:ComputerEquipment 2023-12-01 2024-11-30 14504731 frs-core:ComputerEquipment 2023-11-30 14504731 frs-core:ShareCapital 2024-11-30 14504731 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 14504731 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 14504731 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 14504731 frs-bus:SmallEntities 2023-12-01 2024-11-30 14504731 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 14504731 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 14504731 1 2023-12-01 2024-11-30 14504731 frs-bus:Director1 2023-12-01 2024-11-30 14504731 frs-core:CurrentFinancialInstruments 1 2024-11-30 14504731 frs-countries:EnglandWales 2023-12-01 2024-11-30 14504731 2022-11-23 14504731 2023-11-30 14504731 2022-11-24 2023-11-30 14504731 frs-core:CurrentFinancialInstruments 2023-11-30 14504731 frs-core:ShareCapital 2023-11-30 14504731 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 14504731 frs-core:CurrentFinancialInstruments 1 2023-11-30
Registered number: 14504731
Terrence Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Terrence Ltd
Contents
Contents

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

Page 1
Terrence Ltd
Balance Sheet
As At 30 November 2024
Balance Sheet
Registered number: 14504731

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 1,637 |  | -
|  |  | 1,637 |  | -
CURRENT ASSETS
Stocks | 5 | 354,609 |  | 956,954 |
Debtors | 6 | 17,360 |  | 8,784 |
Cash at bank and in hand |  | 109,759 |  | 348 |
|  | 481,728 |  | 966,086 |
Creditors: Amounts Falling Due Within One Year | 7 | (582,505 ) |  | (978,344 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (100,777 ) |  | (12,258 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (99,140 ) |  | (12,258 )
NET LIABILITIES |  |  | (99,140 ) |  | (12,258 )
CAPITAL AND RESERVES
Called up share capital | 9 |  | 1 |  | 1
Profit and Loss Account |  |  | (99,141 ) |  | (12,259 )
SHAREHOLDERS' FUNDS |  |  | (99,140) |  | (12,258)

Page 1
Page 2
Terrence Ltd
Balance Sheet (continued)
As At 30 November 2024
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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

Oliver Robert Partington Director
15 October 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Terrence Ltd
Notes to the Financial Statements
For The Year Ended 30 November 2024
Notes to the Financial Statements
1. General Information
Terrence Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14504731 . The registered office is Flat C, 12 Peckham Hill Street, London, SE15 6BN.
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 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. The directors believe that the company would have sufficient resources to continue to trade for foreseeable future.
2.3. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Sale of trading properties
Turnover from the sale of trading properties is recognised in the income statement when the significant risks and rewards of ownership have been transferred to the buyer, which is usually at the completion.
Sale of goods
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of the goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. No depreciation is provided in the year of acquisition. 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:

Computer Equipment | 25% Straight Line Method

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: 1 (2023: 1)
1 1
Page 3
Page 4
Terrence Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2024
4. Tangible Assets

| Computer Equipment
--- | ---
| £
Cost
As at 1 December 2023 | -
Additions | 1,637
As at 30 November 2024 | 1,637
Net Book Value
As at 30 November 2024 | 1,637
As at 1 December 2023 | -

5. Stocks

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Stock - Properties under development | 354,609 |  | 956,954

6. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 11,341 |  | 8,784
VAT | 6,019 |  | -
| 17,360 |  | 8,784

7. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 44,603 |  | 626,976
Other loans | 322,000 |  | 155,000
Credit Cards | 5,449 |  | 232
Accruals and deferred income | 30,069 |  | 11,305
Director's loan account | 129,940 |  | 144,387
Amounts owed to related parties | 50,444 |  | 40,444
| 582,505 |  | 978,344

Page 4
Page 5
Terrence Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2024
8. Secured Creditors
Of the creditors the following amounts are secured.

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 44,603 |  | 626,976

9. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

10. Related Party Transactions
Included in creditors due within one year is an amount of £129,940 (2023: £144,387 ) owed to the director of the company. The amount is unsecured, interest-free and repayable on demand.
Included in creditor due within one year is an amount of £50,444 (2023: £40,444 ) owed to the related party. The amount is unsecured, interest-free and repayable on demand.
11. Ultimate Controlling Party
The company's ultimate controlling party is the director by virtue of the ownership of 100% of the issued share capital in the company.
Page 5