Acorah Software Products - Accounts Production 16.6.950 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 13770749 Mr Andrew Hutchins Mr Gary Duke Mr Timothy Ashworth Mrs Helen Sammon Mr Matthew Gant Mr Peter Morrell-Brown false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13770749 2024-03-31 13770749 2025-03-31 13770749 2024-04-01 2025-03-31 13770749 frs-core:CurrentFinancialInstruments 2025-03-31 13770749 frs-core:ShareCapital 2025-03-31 13770749 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 13770749 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13770749 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 13770749 frs-bus:SmallEntities 2024-04-01 2025-03-31 13770749 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13770749 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13770749 frs-bus:OrdinaryShareClass2 2024-04-01 2025-03-31 13770749 frs-bus:OrdinaryShareClass2 2025-03-31 13770749 frs-bus:OrdinaryShareClass3 2024-04-01 2025-03-31 13770749 frs-bus:OrdinaryShareClass3 2025-03-31 13770749 frs-bus:PreferenceShareClass1 2024-04-01 2025-03-31 13770749 frs-bus:PreferenceShareClass1 2025-03-31 13770749 1 2024-04-01 2025-03-31 13770749 frs-core:UnlistedNon-exchangeTraded 2025-03-31 13770749 frs-core:UnlistedNon-exchangeTraded 2024-03-31 13770749 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 13770749 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-03-31 13770749 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 13770749 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 13770749 frs-bus:Director1 2024-04-01 2025-03-31 13770749 frs-bus:Director2 2024-04-01 2025-03-31 13770749 frs-bus:Director3 2024-04-01 2025-03-31 13770749 frs-bus:Director4 2024-04-01 2025-03-31 13770749 frs-bus:Director5 2024-04-01 2025-03-31 13770749 frs-bus:Director6 2024-04-01 2025-03-31 13770749 frs-countries:EnglandWales 2024-04-01 2025-03-31 13770749 frs-core:Subsidiary1 2024-04-01 2025-03-31 13770749 frs-core:Subsidiary1 2025-03-31 13770749 frs-core:Subsidiary1 1 2024-04-01 2025-03-31 13770749 frs-core:Subsidiary2 2024-04-01 2025-03-31 13770749 frs-core:Subsidiary2 2025-03-31 13770749 frs-core:Subsidiary2 2 2024-04-01 2025-03-31 13770749 frs-core:Subsidiary3 2024-04-01 2025-03-31 13770749 frs-core:Subsidiary3 2025-03-31 13770749 frs-core:Subsidiary3 3 2024-04-01 2025-03-31 13770749 2023-03-31 13770749 2024-03-31 13770749 2023-04-01 2024-03-31 13770749 frs-core:CurrentFinancialInstruments 2024-03-31 13770749 frs-core:ShareCapital 2024-03-31 13770749 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13770749 frs-bus:OrdinaryShareClass2 2023-04-01 2024-03-31 13770749 frs-bus:OrdinaryShareClass3 2023-04-01 2024-03-31 13770749 frs-bus:PreferenceShareClass1 2023-04-01 2024-03-31
Registered number: 13770749
Net Holdings Group Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
KKVMS LLP
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13770749
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investments 4 3,500,001 3,500,001
3,500,001 3,500,001
CURRENT ASSETS
Debtors 5 275 275
275 275
Creditors: Amounts Falling Due Within One Year 6 (294,863 ) (620,279 )
NET CURRENT ASSETS (LIABILITIES) (294,588 ) (620,004 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,205,413 2,879,997
NET ASSETS 3,205,413 2,879,997
CAPITAL AND RESERVES
Called up share capital 7 1,710,546 1,710,546
Profit and Loss Account 1,494,867 1,169,451
SHAREHOLDERS' FUNDS 3,205,413 2,879,997
For the year ending 31 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
Mrs Helen Sammon
Director
Mr Peter Morrell-Brown
Director
14/11/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Net Holdings Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13770749 . The registered office is Craven Court Stanhope Road, Camberley, Surrey, GU15 3BS.
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. 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.
2.3. Investments
2.4. 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: 6 (2024: 6)
6 6
Page 2
Page 3
4. Investments
Unlisted
£
Cost or Valuation
As at 1 April 2024 3,500,001
As at 31 March 2025 3,500,001
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 3,500,001
As at 1 April 2024 3,500,001
Subsidiaries
Details of the company's subsidiaries as at 31 March 2025 are as follows:
Name of undertaking Registered Office Class of shares held Direct holding Indirect holding
NET Holdings Limited Unit 25, Craven Court, Stanhope Road, Camberley, Surrey, GU15 3BS Ordinary 100.00% -
NET Coverage Solutions Limited Unit 25, Craven Court, Stanhope Road, Camberley, Surrey, GU15 3BS Ordinary 100.00% -
NETGRP Limited Unit 25, Craven Court, Stanhope Road, Camberley, Surrey, GU15 3BS Ordinary 100.00% -
The aggregate capital and reserves and the result for the year of the subsidiaries listed above was as follows:
Capital and Reserves Profit/(loss)
£ £
NET Holdings Limited 424,100 -
NET Coverage Solutions Limited 1,864,216 989,886
NETGRP Limited 20,666 13,975
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 275 275
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Amounts owed to group undertakings 273,544 379,260
Other creditors - 222,084
Taxation and social security 21,319 18,935
294,863 620,279
Page 3
Page 4
7. Share Capital
2025 2024
Allotted, called up and fully paid £ £
298 Ordinary A shares of £ 1.00 each 298 298
318 Ordinary B shares of £ 1.00 each 318 318
616 616
Preference Shares
2025 2024
Allotted, called up and fully paid £ £
1,709,930 Preference Shares of £ 1.00 each 1,709,930 1,709,930
Ordinary A and Ordinary B shares have attached to them full voting, dividend and capital distribution
(including on winding up) rights; they do not confer any rights of redemption.
Preference shares do not carry any voting rights, but do have attached full dividend and capital
distribution (including on winding up) rights.
8. Controlling Parties
NET Holdings Group Limited is owned by a number of shareholders and individually, no shareholder is
able to exert control
Page 4