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 SC528527 Tsen Wharton Chris Dornan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC528527 2024-03-31 SC528527 2025-03-31 SC528527 2024-04-01 2025-03-31 SC528527 frs-core:CurrentFinancialInstruments 2025-03-31 SC528527 frs-core:Non-currentFinancialInstruments 2025-03-31 SC528527 frs-core:BetweenOneFiveYears 2025-03-31 SC528527 frs-core:ComputerEquipment 2025-03-31 SC528527 frs-core:ComputerEquipment 2024-04-01 2025-03-31 SC528527 frs-core:ComputerEquipment 2024-03-31 SC528527 frs-core:FurnitureFittings 2025-03-31 SC528527 frs-core:FurnitureFittings 2024-04-01 2025-03-31 SC528527 frs-core:FurnitureFittings 2024-03-31 SC528527 frs-core:MotorVehicles 2025-03-31 SC528527 frs-core:MotorVehicles 2024-04-01 2025-03-31 SC528527 frs-core:MotorVehicles 2024-03-31 SC528527 frs-core:WithinOneYear 2025-03-31 SC528527 frs-core:RevaluationReserve 2024-03-31 SC528527 frs-core:RevaluationReserve 2025-03-31 SC528527 frs-core:ShareCapital 2025-03-31 SC528527 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC528527 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC528527 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 SC528527 frs-bus:SmallEntities 2024-04-01 2025-03-31 SC528527 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC528527 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC528527 frs-bus:Director1 2024-04-01 2025-03-31 SC528527 frs-bus:Director2 2024-04-01 2025-03-31 SC528527 frs-countries:Scotland 2024-04-01 2025-03-31 SC528527 2023-03-31 SC528527 2024-03-31 SC528527 2023-04-01 2024-03-31 SC528527 frs-core:CurrentFinancialInstruments 2024-03-31 SC528527 frs-core:Non-currentFinancialInstruments 2024-03-31 SC528527 frs-core:BetweenOneFiveYears 2024-03-31 SC528527 frs-core:WithinOneYear 2024-03-31 SC528527 frs-core:RevaluationReserve 2024-03-31 SC528527 frs-core:ShareCapital 2024-03-31 SC528527 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: SC528527
Adaero Property Investments Limited
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—6
Page 1
Balance Sheet
Registered number: SC528527
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,579 24,764
Investment Properties 5 703,000 703,000
722,579 727,764
CURRENT ASSETS
Debtors 6 301,887 289,370
Cash at bank and in hand 71,413 32,103
373,300 321,473
Creditors: Amounts Falling Due Within One Year 7 (257,318 ) (283,329 )
NET CURRENT ASSETS (LIABILITIES) 115,982 38,144
TOTAL ASSETS LESS CURRENT LIABILITIES 838,561 765,908
Creditors: Amounts Falling Due After More Than One Year 8 (547,765 ) (469,975 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (33,746 ) (35,042 )
NET ASSETS 257,050 260,891
CAPITAL AND RESERVES
Called up share capital 10 2 2
Revaluation reserve 11 183,685 183,685
Profit and Loss Account 73,363 77,204
SHAREHOLDERS' FUNDS 257,050 260,891
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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
6 November 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Adaero Property Investments Limited is a private company, limited by shares, incorporated in Scotland, registered number SC528527 . The registered office is Bankhead House, Bankhead, East Linton, 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 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.
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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. 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.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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 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.
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2.7. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses
for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any
transaction costs and subsequently measured at amortised cost determined using the effective interest method, less
any impairment losses for bad and doubtful debts.
2.8. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial
liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at
amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 32,137 4,949 - 37,086
Additions - - 1,083 1,083
As at 31 March 2025 32,137 4,949 1,083 38,169
Depreciation
As at 1 April 2024 8,034 4,288 - 12,322
Provided during the period 6,026 165 77 6,268
As at 31 March 2025 14,060 4,453 77 18,590
Net Book Value
As at 31 March 2025 18,077 496 1,006 19,579
As at 1 April 2024 24,103 661 - 24,764
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 703,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 587,597 587,597
Accumulated depreciation and impairment 70,856 59,104
Carrying amount 516,741 528,493
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 15,269 24,963
Prepayments and accrued income 1,674 396
Other debtors 284,944 264,011
301,887 289,370
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 5,518 5,518
Trade creditors 4,732 5,045
Bank loans and overdrafts 5,090 4,962
Corporation tax - (1,479 )
VAT 7,161 8,534
Other creditors 181,763 204,246
Accruals and deferred income - 2,810
Directors' loan accounts 53,054 53,693
257,318 283,329
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 9,197 14,715
Bank loans 22,626 27,715
Other loans 515,942 427,545
547,765 469,975
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,518 5,518
Later than one year and not later than five years 9,197 14,715
14,715 20,233
14,715 20,233
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
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11. Reserves
Revaluation Reserve
£
As at 1 April 2024 183,685
As at 31 March 2025 183,685
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