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Registered number: 13546585
Brighthill Futures Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Forty-two Consulting Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13546585
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,736 2,801
Investments 5 30,351,448 30,351,348
30,353,184 30,354,149
CURRENT ASSETS
Debtors 6 3,210,977 557,116
Cash at bank and in hand 188,816 208,077
3,399,793 765,193
Creditors: Amounts Falling Due Within One Year 7 (6,721 ) (218,750 )
NET CURRENT ASSETS (LIABILITIES) 3,393,072 546,443
TOTAL ASSETS LESS CURRENT LIABILITIES 33,746,256 30,900,592
Creditors: Amounts Falling Due After More Than One Year 8 (2,782,334 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (412 ) (594 )
NET ASSETS 30,963,510 30,899,998
CAPITAL AND RESERVES
Called up share capital 9 30,000,000 30,000,000
Profit and Loss Account 963,510 899,998
SHAREHOLDERS' FUNDS 30,963,510 30,899,998
Page 1
Page 2
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 Sorcha Chandler
Director
Mrs Tara Powell
Director
08/12/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Brighthill Futures Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13546585 . The registered office is C/O Forty-Two Consulting Ltd Regus House, Fairbourne Drive,, Atterbury Lakes, Milton Keynes, Buckinghamshire, MK10 9RG.
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.
Preparation of consolidated financial statements
The financial statements contain information about Brighthill Futures Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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. 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:
Computer Equipment 25%
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.
Page 3
Page 4
2.5. Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
2.6. Trade debtors and creditors
Trade debtors are measured at transaction price. At the accounting period end trade debtors are reviewed to assess recoverability based on the judgement of the directors. If there is any evidence of impairment, the carrying amount of the receivable is reduced to its recoverable amount. The impairment loss is recognised immediately in the profit and loss account.
Trade creditors are measured at transaction price.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2024 4,263
As at 31 March 2025 4,263
Depreciation
As at 1 April 2024 1,462
Provided during the period 1,065
As at 31 March 2025 2,527
Net Book Value
As at 31 March 2025 1,736
As at 1 April 2024 2,801
5. Investments
Subsidiaries
£
Cost or Valuation
As at 1 April 2024 30,351,348
Additions 100
As at 31 March 2025 30,351,448
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 30,351,448
As at 1 April 2024 30,351,348
Page 4
Page 5
6. Debtors
2025 2024
£ £
Due within one year
Amounts owed by group undertakings 3,191,364 340,890
Other debtors 19,613 216,226
3,210,977 557,116
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,724 4,940
Other creditors 8,909 164,340
Taxation and social security (3,912 ) 49,470
6,721 218,750
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors 2,782,334 -
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 30,000,000 30,000,000
Page 5