Acorah Software Products - Accounts Production 16.6.950 false true true 30 June 2024 1 July 2023 false 1 July 2024 30 June 2025 30 June 2025 02691387 Mrs Elizabeth Kerry Mr Brett Gurney Mr Martin Kerry Mr Brett Gurney iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02691387 2024-06-30 02691387 2025-06-30 02691387 2024-07-01 2025-06-30 02691387 frs-core:CurrentFinancialInstruments 2025-06-30 02691387 frs-core:Non-currentFinancialInstruments 2025-06-30 02691387 frs-core:ComputerEquipment 2025-06-30 02691387 frs-core:ComputerEquipment 2024-07-01 2025-06-30 02691387 frs-core:ComputerEquipment 2024-06-30 02691387 frs-core:FurnitureFittings 2025-06-30 02691387 frs-core:FurnitureFittings 2024-07-01 2025-06-30 02691387 frs-core:FurnitureFittings 2024-06-30 02691387 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-06-30 02691387 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-07-01 2025-06-30 02691387 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 02691387 frs-core:RevaluationReserve 2024-06-30 02691387 frs-core:RevaluationReserve 2025-06-30 02691387 frs-core:ShareCapital 2025-06-30 02691387 frs-core:RetainedEarningsAccumulatedLosses 2024-07-01 2025-06-30 02691387 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-06-30 02691387 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30 02691387 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 02691387 frs-bus:FilletedAccounts 2024-07-01 2025-06-30 02691387 frs-bus:SmallEntities 2024-07-01 2025-06-30 02691387 frs-bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 02691387 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 02691387 frs-bus:Director1 2024-07-01 2025-06-30 02691387 frs-bus:Director2 2024-07-01 2025-06-30 02691387 frs-bus:Director3 2024-07-01 2025-06-30 02691387 frs-bus:CompanySecretary1 2024-07-01 2025-06-30 02691387 frs-countries:EnglandWales 2024-07-01 2025-06-30 02691387 2023-06-30 02691387 2024-06-30 02691387 2023-07-01 2024-06-30 02691387 frs-core:CurrentFinancialInstruments 2024-06-30 02691387 frs-core:Non-currentFinancialInstruments 2024-06-30 02691387 frs-core:RevaluationReserve 2024-06-30 02691387 frs-core:ShareCapital 2024-06-30 02691387 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30
Registered number: 02691387
Rise Limited
Unaudited Financial Statements
For The Year Ended 30 June 2025
Abacus Accountancy & Payroll Services Limited
FMAAT
Global House
1 Ashley Avenue
Epsom
Surrey
KT18 5AD
Rise Limited
Contents
Contents

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

Page 1
Rise Limited
Balance Sheet
As At 30 June 2025
Balance Sheet
Registered number: 02691387

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 650,224 |  | 650,448
|  |  | 650,224 |  | 650,448
CURRENT ASSETS
Debtors | 5 | 3,710 |  | (1,500 ) |
Cash at bank and in hand |  | 5,931 |  | 11,448 |
|  | 9,641 |  | 9,948 |
Creditors: Amounts Falling Due Within One Year | 6 | (49,428 ) |  | (47,901 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (39,787 ) |  | (37,953 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 610,437 |  | 612,495
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (152,486 ) |  | (165,315 )
NET ASSETS |  |  | 457,951 |  | 447,180
CAPITAL AND RESERVES
Called up share capital | 8 |  | 26,881 |  | 26,881
Revaluation reserve | 10 |  | 349,009 |  | 349,009
Profit and Loss Account |  |  | 82,061 |  | 71,290
SHAREHOLDERS' FUNDS |  |  | 457,951 |  | 447,180

Page 1
Page 2
Rise Limited
Balance Sheet (continued)
As At 30 June 2025
For the year 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.
On behalf of the board

Mr Martin Kerry Director
14 November 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Rise Limited
Notes to the Financial Statements
For The Year Ended 30 June 2025
Notes to the Financial Statements
1. General Information
Rise Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02691387 . The registered office is Global House, 1 Ashley Avenue, Epsom, Surrey, KT18 5AD.
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.
2.3. Turnover
The turnover represents rental income arising from the letting of investment properties. Income is recognised on an accruals basis over the period of the lease agreements, in accordance with the terms of the rental contracts.
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:

Leasehold | n/a
Fixtures & Fittings | 25% on cost
Computer Equipment | 25% on cost

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 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: 2 (2024: 2)
2 2
Page 3
Page 4
Rise Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
4. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Fixtures & Fittings | Computer Equipment | Total
| £ | £ | £ | £
Cost
As at 1 July 2024 | 650,000 | 1,000 | 3,210 | 654,210
As at 30 June 2025 | 650,000 | 1,000 | 3,210 | 654,210
Depreciation
As at 1 July 2024 | - | 1,000 | 2,762 | 3,762
Provided during the period | - | - | 224 | 224
As at 30 June 2025 | - | 1,000 | 2,986 | 3,986
Net Book Value
As at 30 June 2025 | 650,000 | - | 224 | 650,224
As at 1 July 2024 | 650,000 | - | 448 | 650,448

Included within land and buildings is a long leasehold property with an unexpired lease period
exceeding 100 years. The property was last valued in 2000 by a qualified Chartered Surveyor on the
basis of open market value. The historical cost of the property included above at £650,000 was
£300,991. No depreciation arises for the year in accordance with the stated accounting policy. The
property is maintained in a good state of repair and it is considered that residual value, based on prices
prevailing at the time of acquisition, is such that depreciation is not significant.
5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 1,287 |  | -
Prepayments and accrued income | - |  | (1,500 )
Gov.uk Rent Deposit Scheme | 2,423 |  | -
| 3,710 |  | (1,500 )

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 23,872 |  | 26,186
Corporation tax | 2,824 |  | 9,361
Accruals and deferred income | 1,212 |  | 1,311
Directors' loan accounts | 21,520 |  | 11,043
| 49,428 |  | 47,901

7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 97,565 |  | 110,394
Directors loan account | 54,921 |  | 54,921
| 152,486 |  | 165,315

Page 4
Page 5
Rise Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 26,881 |  | 26,881

9. Dividends
10. Reserves

| Revaluation reserve | Profit and Loss Account
--- | --- | ---
| £ | £
As at 1 July 2024 | 349,009 | 71,290
Profit for the year and total comprehensive income | - | 10,771
As at 30 June 2025 | 349,009 | 82,061

11. Related Party Transactions
Included in "Creditors: Amounts Falling Due After More Than One Year" is a director's loan in the sum of
£54,921 provided by BS Gurney (2024: £54,921) and a loan provided by Martin Kerry for £21,520 (2024:£11,042). Both loans are unsecured, interest free and carriy no fixed date of repayment although it is anticipated that Martin Kerry's loan will be repaid within 12 months.
Page 5