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 SC569381 Tsen Wharton Chris Dornan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC569381 2024-03-31 SC569381 2025-03-31 SC569381 2024-04-01 2025-03-31 SC569381 frs-core:CurrentFinancialInstruments 2025-03-31 SC569381 frs-core:Non-currentFinancialInstruments 2025-03-31 SC569381 frs-core:ComputerEquipment 2025-03-31 SC569381 frs-core:ComputerEquipment 2024-04-01 2025-03-31 SC569381 frs-core:ComputerEquipment 2024-03-31 SC569381 frs-core:ShareCapital 2025-03-31 SC569381 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC569381 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC569381 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC569381 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC569381 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC569381 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC569381 frs-bus:Director1 2024-04-01 2025-03-31 SC569381 frs-bus:Director2 2024-04-01 2025-03-31 SC569381 frs-countries:Scotland 2024-04-01 2025-03-31 SC569381 2023-03-31 SC569381 2024-03-31 SC569381 2023-04-01 2024-03-31 SC569381 frs-core:CurrentFinancialInstruments 2024-03-31 SC569381 frs-core:Non-currentFinancialInstruments 2024-03-31 SC569381 frs-core:ShareCapital 2024-03-31 SC569381 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC569381
Adaero Serviced Accommodation Ltd
Financial Statements
For The Year Ended 31 March 2025
Nijjer Accountants Ltd
Chartered Accountants
5-7 Station Road
Longfield
Kent
DA3 7QD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC569381
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 367 432
367 432
CURRENT ASSETS
Debtors 5 96,660 124,325
Cash at bank and in hand 76,578 86,914
173,238 211,239
Creditors: Amounts Falling Due Within One Year 6 (174,494 ) (199,426 )
NET CURRENT ASSETS (LIABILITIES) (1,256 ) 11,813
TOTAL ASSETS LESS CURRENT LIABILITIES (889 ) 12,245
Creditors: Amounts Falling Due After More Than One Year 7 (9,858 ) (12,181 )
NET (LIABILITIES)/ASSETS (10,747 ) 64
CAPITAL AND RESERVES
Called up share capital 8 5 5
Profit and Loss Account (10,752 ) 59
SHAREHOLDERS' FUNDS (10,747) 64
Page 1
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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
Tsen Wharton
Director
14 October 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
Adaero Serviced Accommodation Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC569381 . The registered office is Bankhead House, East Linton, East Lothian, Scotland, EH40 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. Turnover
Turnover represents the amounts receivable for services provided in the ordinary course of business. The company acts as a managing agent and collects rental income on behalf of landlords. Such amounts are held for landlords and are excluded from turnover. The company’s turnover comprises only the management fees for the property management services during the year.
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 15% reducing balance
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: 3 (2024: 2)
3 2
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2024 598
As at 31 March 2025 598
Depreciation
As at 1 April 2024 166
Provided during the period 65
As at 31 March 2025 231
Net Book Value
As at 31 March 2025 367
As at 1 April 2024 432
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 29,591 61,890
Prepayments and accrued income 512 95
Other debtors 35,600 39,775
Net wages - 32
Directors' loan accounts 20,955 12,531
86,658 114,323
Due after more than one year
Corporation tax recoverable assets 10,002 10,002
96,660 124,325
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 79,691 83,002
Bank loans and overdrafts 2,221 2,057
Other taxes and social security 1,353 3,680
Other creditors 91,229 108,707
Accruals and deferred income - 1,980
174,494 199,426
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 9,858 12,181
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 5 5
Page 5