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Registered number: 13273782
Brachiate Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
CBS Accountants Ltd
Chartered Accountants
Unit 17, Orbital 25 Business Park
Dwight Road
Watford
Hertfordshire
WD18 9DA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13273782
2025 2024
as restated
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 388,585 388,585
388,585 388,585
CURRENT ASSETS
Debtors 5 - 1,200
Cash at bank and in hand 55,737 39,990
55,737 41,190
Creditors: Amounts Falling Due Within One Year 6 (7,015 ) (4,258 )
NET CURRENT ASSETS (LIABILITIES) 48,722 36,932
TOTAL ASSETS LESS CURRENT LIABILITIES 437,307 425,517
Creditors: Amounts Falling Due After More Than One Year 7 (387,192 ) (389,965 )
NET ASSETS 50,115 35,552
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 50,015 35,452
SHAREHOLDERS' FUNDS 50,115 35,552
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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
Mr Gagan Singh
Director
04/04/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Brachiate Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13273782 . The registered office is C/O Frontier Fiscal Services Ltd, Mermaid House, 2 Puddle Dock, London, EC4V 3DB.
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 rental income received by the company, net of value added tax and trade discounts.
2.3. 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. Deferred taxation if any is provided on these gains at the rate
expected to apply when the property is sold.
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: 1 (2024: 1)
1 1
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4. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 388,585
5. Debtors
2025 2024
as restated
£ £
Due within one year
Other debtors - 1,200
6. Creditors: Amounts Falling Due Within One Year
2025 2024
as restated
£ £
Trade creditors (1 ) 1
Other creditors 3,600 1,200
Taxation and social security 3,416 3,057
7,015 4,258
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
as restated
£ £
Other creditors 387,192 389,965
8. Share Capital
2025 2024
as restated
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Creditor are the following loans from directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Gagan Singh 30,000 - 274 - 29,726
Mrs Kripa Subramanian 359,965 - 2,500 - 357,465
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