Acorah Software Products - Accounts Production 16.6.950 false true true 30 March 2024 31 March 2023 false 31 March 2024 30 March 2025 30 March 2025 09482153 Mrs Larissa Bell Mr Adrian Bell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09482153 2024-03-30 09482153 2025-03-30 09482153 2024-03-31 2025-03-30 09482153 frs-core:CurrentFinancialInstruments 2025-03-30 09482153 frs-core:Non-currentFinancialInstruments 2025-03-30 09482153 frs-core:ComputerEquipment 2025-03-30 09482153 frs-core:ComputerEquipment 2024-03-31 2025-03-30 09482153 frs-core:ComputerEquipment 2024-03-30 09482153 frs-core:FurnitureFittings 2025-03-30 09482153 frs-core:FurnitureFittings 2024-03-31 2025-03-30 09482153 frs-core:FurnitureFittings 2024-03-30 09482153 frs-core:PlantMachinery 2025-03-30 09482153 frs-core:PlantMachinery 2024-03-31 2025-03-30 09482153 frs-core:PlantMachinery 2024-03-30 09482153 frs-core:RevaluationReserve 2024-03-31 2025-03-30 09482153 frs-core:RevaluationReserve 2024-03-30 09482153 frs-core:RevaluationReserve 2025-03-30 09482153 frs-core:ShareCapital 2025-03-30 09482153 frs-core:RetainedEarningsAccumulatedLosses 2025-03-30 09482153 frs-bus:PrivateLimitedCompanyLtd 2024-03-31 2025-03-30 09482153 frs-bus:FilletedAccounts 2024-03-31 2025-03-30 09482153 frs-bus:SmallEntities 2024-03-31 2025-03-30 09482153 frs-bus:AuditExempt-NoAccountantsReport 2024-03-31 2025-03-30 09482153 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-31 2025-03-30 09482153 frs-core:UnlistedNon-exchangeTraded 2025-03-30 09482153 frs-core:UnlistedNon-exchangeTraded 2024-03-30 09482153 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-30 09482153 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-03-30 09482153 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-30 09482153 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-30 09482153 frs-bus:Director1 2024-03-31 2025-03-30 09482153 frs-bus:Director2 2024-03-31 2025-03-30 09482153 1 2024-03-31 2025-03-30 09482153 frs-core:CurrentFinancialInstruments 1 2025-03-30 09482153 frs-countries:EnglandWales 2024-03-31 2025-03-30 09482153 2023-03-30 09482153 2024-03-30 09482153 2023-03-31 2024-03-30 09482153 frs-core:CurrentFinancialInstruments 2024-03-30 09482153 frs-core:Non-currentFinancialInstruments 2024-03-30 09482153 frs-core:RevaluationReserve 2024-03-30 09482153 frs-core:ShareCapital 2024-03-30 09482153 frs-core:RetainedEarningsAccumulatedLosses 2024-03-30 09482153 1 2023-03-31 2024-03-30 09482153 frs-core:CurrentFinancialInstruments 1 2024-03-30
Registered number: 09482153
Irido Limited
Unaudited Financial Statements
For The Year Ended 30 March 2025
Irido Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Irido Limited
Balance Sheet
As At 30 March 2025
Balance Sheet
Registered number: 09482153

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 2,607 |  | 3,488
Investment Properties | 5 |  | 696,000 |  | 622,500
Investments | 6 |  | 1 |  | 1
|  |  | 698,608 |  | 625,989
CURRENT ASSETS
Cash at bank and in hand |  | 14,185 |  | 13,509 |
|  | 14,185 |  | 13,509 |
Creditors: Amounts Falling Due Within One Year | 7 | (25,239 ) |  | (44,671 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (11,054 ) |  | (31,162 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 687,554 |  | 594,827
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (250,000 ) |  | (250,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (114,983 ) |  | (83,510 )
NET ASSETS |  |  | 322,571 |  | 261,317
CAPITAL AND RESERVES
Called up share capital | 9 |  | 90 |  | 90
Revaluation reserve | 10 |  | 377,816 |  | 304,316
Profit and Loss Account |  |  | (55,335 ) |  | (43,089 )
SHAREHOLDERS' FUNDS |  |  | 322,571 |  | 261,317

Page 1
Page 2
Irido Limited
Balance Sheet (continued)
As At 30 March 2025
For the year ending 30 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 Adrian Bell Director
10 November 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Irido Limited
Notes to the Financial Statements
For The Year Ended 30 March 2025
Notes to the Financial Statements
1. General Information
Irido Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09482153 . The registered office is 138 High Street, Crediton, Devon, EX17 3DX.
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
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:

Plant & Machinery | 25% reducing balance
Fixtures & Fittings | 25% reducing balance
Computer Equipment | 33% reducing balance

2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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Irido Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 March 2025
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.8. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
2.9. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:

| 2025 |  | 2024
--- | --- | --- | ---
All Staff | 1 |  | 1
| 1 |  | 1

4. Tangible Assets

| Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost or Valuation
As at 31 March 2024 | 27,162 | 1,450 | 1,518 | 30,130
As at 30 March 2025 | 27,162 | 1,450 | 1,518 | 30,130
Depreciation
As at 31 March 2024 | 23,904 | 1,316 | 1,422 | 26,642
Provided during the period | 815 | 35 | 31 | 881
As at 30 March 2025 | 24,719 | 1,351 | 1,453 | 27,523
Net Book Value
As at 30 March 2025 | 2,443 | 99 | 65 | 2,607
As at 31 March 2024 | 3,258 | 134 | 96 | 3,488

Page 4
Page 5
Irido Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 March 2025
5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 31 March 2024 | 622,500
Revaluations | 73,500
As at 30 March 2025 | 696,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Cost | 234,674 |  | 234,674

6. Investments

| Unlisted
--- | ---
| £
Cost or Valuation
As at 31 March 2024 | 1
As at 30 March 2025 | 1
Provision
As at 31 March 2024 | -
As at 30 March 2025 | -
Net Book Value
As at 30 March 2025 | 1
As at 31 March 2024 | 1

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | - |  | 14
Corporation tax | 7 |  | -
Other taxes and social security | 648 |  | 31
Other creditors | 85 |  | -
Rent Deposits | 350 |  | 350
Accruals and deferred income | 1,654 |  | 1,525
Directors' loan accounts | 17,495 |  | 30,468
Amounts owed to subsidiaries | 5,000 |  | 12,283
| 25,239 |  | 44,671

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

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Directors' loan account | 250,000 |  | 250,000

Page 5
Page 6
Irido Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 March 2025
9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 90 |  | 90

10. Reserves

| Revaluation Reserve
--- | ---
| £
As at 31 March 2024 | 304,316
Transfer to/from profit and loss | 73,500
As at 30 March 2025 | 377,816

11. Related Party Transactions
At the year end, 30 March 2025, the company owed the directors £267,495 (2024: £280,468) in respect of a loan held with the company. This amount is interest free and repayable on demand.
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