Acorah Software Products - Accounts Production 16.7.461 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 03952704 Mr William Currie Mr Martin Audcent Mr Adam Binks Mr Martin Audcent iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03952704 2024-03-31 03952704 2025-03-31 03952704 2024-04-01 2025-03-31 03952704 frs-core:CurrentFinancialInstruments 2025-03-31 03952704 frs-core:Non-currentFinancialInstruments 2025-03-31 03952704 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2025-03-31 03952704 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-04-01 2025-03-31 03952704 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-03-31 03952704 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 03952704 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 03952704 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 03952704 frs-core:PlantMachinery 2025-03-31 03952704 frs-core:PlantMachinery 2024-04-01 2025-03-31 03952704 frs-core:PlantMachinery 2024-03-31 03952704 frs-core:ShareCapital 2025-03-31 03952704 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 03952704 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03952704 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 03952704 frs-bus:SmallEntities 2024-04-01 2025-03-31 03952704 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03952704 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03952704 frs-core:CostValuation 2024-03-31 03952704 frs-core:AdditionsToInvestments 2025-03-31 03952704 frs-core:CostValuation 2025-03-31 03952704 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 03952704 frs-core:ProvisionsForImpairmentInvestments 2025-03-31 03952704 frs-bus:Director1 2024-04-01 2025-03-31 03952704 frs-bus:Director2 2024-04-01 2025-03-31 03952704 frs-bus:Director3 2024-04-01 2025-03-31 03952704 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 03952704 frs-countries:EnglandWales 2024-04-01 2025-03-31 03952704 2023-03-31 03952704 2024-03-31 03952704 2023-04-01 2024-03-31 03952704 frs-core:CurrentFinancialInstruments 2024-03-31 03952704 frs-core:Non-currentFinancialInstruments 2024-03-31 03952704 frs-core:ShareCapital 2024-03-31 03952704 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 03952704
Syrenis Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 03952704
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 81,245 128,370
Tangible Assets 5 75,287 35,830
Investments 6 8 -
156,540 164,200
CURRENT ASSETS
Debtors 7 1,325,920 1,553,263
Cash at bank and in hand 1,999,094 2,127,170
3,325,014 3,680,433
Creditors: Amounts Falling Due Within One Year 8 (2,667,902 ) (2,697,791 )
NET CURRENT ASSETS (LIABILITIES) 657,112 982,642
TOTAL ASSETS LESS CURRENT LIABILITIES 813,652 1,146,842
Creditors: Amounts Falling Due After More Than One Year 9 - (8,945 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 - (16,471 )
NET ASSETS 813,652 1,121,426
CAPITAL AND RESERVES
Called up share capital 11 346 300
Income Statement 813,306 1,121,126
SHAREHOLDERS' FUNDS 813,652 1,121,426
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 Income Statement.
On behalf of the board
Mr Martin Audcent
Director
12/12/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Syrenis Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03952704 . The registered office is V2 Sci-Tech Daresbury, Keckwick Lane, Warrington, WA4 4AB.
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 net of VAT. Licence fees for the sale of consent and preference management services are recognised evenly over the period of the licence contact. Professional services fees are recognised when the services are delivered.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets consist of development costs related to the company's intellectual property, trademarks and patents. General intellectual property assets are amortised to the income statement over its estimated economic life of five years. Trademarks and patents are amortised over their useful economic life of 10 years. 
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 20% straight line
Plant & Machinery 20% and 25% straight line
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 57 (2024: 48)
57 48
Page 3
Page 4
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 April 2024 169,486
Additions 73,078
Disposals (147,344 )
As at 31 March 2025 95,220
Amortisation
As at 1 April 2024 41,116
Provided during the period 24,614
Disposals (51,755 )
As at 31 March 2025 13,975
Net Book Value
As at 31 March 2025 81,245
As at 1 April 2024 128,370
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 April 2024 - 113,087 113,087
Additions 9,134 67,387 76,521
Disposals - (101,767 ) (101,767 )
As at 31 March 2025 9,134 78,707 87,841
Depreciation
As at 1 April 2024 - 77,257 77,257
Provided during the period - 17,915 17,915
Disposals - (82,618 ) (82,618 )
As at 31 March 2025 - 12,554 12,554
Net Book Value
As at 31 March 2025 9,134 66,153 75,287
As at 1 April 2024 - 35,830 35,830
Page 4
Page 5
6. Investments
Subsidiaries
£
Cost or Valuation
As at 1 April 2024 -
Additions 8
As at 31 March 2025 8
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 8
As at 1 April 2024 -
The company owns 100% of the share capital of Syrenis, Inc. Its registered office is 8 The Green, Suite R, Dover, Kent County, Delaware 19901, United States of America. 
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 583,079 649,933
Prepayments and accrued income 524,436 717,839
Other debtors 27,308 8,357
Corporation tax recoverable assets 93,615 177,134
Deferred tax current asset 77,606 -
Amounts owed by group undertakings 19,876 -
1,325,920 1,553,263
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 168,521 110,902
Bank loans and overdrafts 4,861 54,249
Other taxes and social security 131,158 98,635
VAT 57,552 25,342
Accruals and deferred income 2,305,810 2,408,663
2,667,902 2,697,791
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 8,945
Page 5
Page 6
10. Deferred Taxation
The company has recognised a deferred tax asset in respect of tax losses carried forward of £94,144 (2024: £nil), a deferred tax liability in respect of fixed asset timing differences of £16,538 (2024: £27,951) and a deferred tax asset for short-term timing differences of £nil (2024: £11,480). The net asset at 31 March 2025 of £77,606 is shown within debtors. 
2025 2024
£ £
Other timing differences - 16,471
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 346 300
The company has a share option scheme in place for certain employees (including directors). Options have been granted over C ordinary, D ordinary, E ordinary, E1 ordinary, G1 and G2 ordinary shares in the capital in the company with an exercise price of £0.0001 per share. 
The options are exercisable on a sale or listing of the company or certain other events. As at 31 March 2025, options are outstanding over 16,000 C ordinary shares, 484 D ordinary shares, 514 E ordinary shares, 70,644 E1 ordinary shares, 202,973 G1 ordinary shares and 139,793 G2 ordinary shares.
No share-based compensation charge has been recognised under Section 26: Share-Based Payment within the financial statements as it is deemed immaterial in value. 
12. Related Party Transactions
During the year the company incurred consultancy fees of £105,647 (2024: £77,385) from a company controlled by the former company secretary.
Included in debtors is an intercompany loan of £19,876 to Syrenis Inc, a 100% owned subsidiary company.  The loan is unsecured, interest-free and repayable on demand. 
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