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 11428358 Mr Leighton Ballantine Mr David Ballantine Mr Thomas Britton Mrs Tiffany Britton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11428358 2024-03-31 11428358 2025-03-31 11428358 2024-04-01 2025-03-31 11428358 frs-core:CurrentFinancialInstruments 2025-03-31 11428358 frs-core:Non-currentFinancialInstruments 2025-03-31 11428358 frs-core:ComputerEquipment 2025-03-31 11428358 frs-core:ComputerEquipment 2024-04-01 2025-03-31 11428358 frs-core:ComputerEquipment 2024-03-31 11428358 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 11428358 frs-core:FurnitureFittings 2024-04-01 2025-03-31 11428358 frs-core:NetGoodwill 2025-03-31 11428358 frs-core:NetGoodwill 2024-04-01 2025-03-31 11428358 frs-core:NetGoodwill 2024-03-31 11428358 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 11428358 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 11428358 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 11428358 frs-core:OtherResidualIntangibleAssets 2025-03-31 11428358 frs-core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 11428358 frs-core:OtherResidualIntangibleAssets 2024-03-31 11428358 frs-core:PlantMachinery 2025-03-31 11428358 frs-core:PlantMachinery 2024-04-01 2025-03-31 11428358 frs-core:PlantMachinery 2024-03-31 11428358 frs-core:WithinOneYear 2025-03-31 11428358 frs-core:ShareCapital 2025-03-31 11428358 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 11428358 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11428358 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 11428358 frs-bus:SmallEntities 2024-04-01 2025-03-31 11428358 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11428358 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11428358 frs-bus:Director1 2024-04-01 2025-03-31 11428358 frs-bus:Director2 2024-04-01 2025-03-31 11428358 frs-bus:Director3 2024-04-01 2025-03-31 11428358 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 11428358 frs-core:CurrentFinancialInstruments 1 2025-03-31 11428358 frs-countries:EnglandWales 2024-04-01 2025-03-31 11428358 2023-03-31 11428358 2024-03-31 11428358 2023-04-01 2024-03-31 11428358 frs-core:CurrentFinancialInstruments 2024-03-31 11428358 frs-core:Non-currentFinancialInstruments 2024-03-31 11428358 frs-core:BetweenOneFiveYears 2024-03-31 11428358 frs-core:WithinOneYear 2024-03-31 11428358 frs-core:ShareCapital 2024-03-31 11428358 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11428358 frs-core:CurrentFinancialInstruments 1 2024-03-31
Registered number: 11428358
Ballantine Wealth Management Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11428358
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,274,401 1,373,141
Tangible Assets 5 15,526 20,244
1,289,927 1,393,385
CURRENT ASSETS
Debtors 6 120,711 175,215
Cash at bank and in hand 203,914 107,485
324,625 282,700
Creditors: Amounts Falling Due Within One Year 7 (287,122 ) (410,361 )
NET CURRENT ASSETS (LIABILITIES) 37,503 (127,661 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,327,430 1,265,724
Creditors: Amounts Falling Due After More Than One Year 8 (1,125,730 ) (1,143,721 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,526 ) (4,735 )
NET ASSETS 198,174 117,268
CAPITAL AND RESERVES
Called up share capital 200 100
Profit and Loss Account 197,974 117,168
SHAREHOLDERS' FUNDS 198,174 117,268
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
Mr Leighton Ballantine
Director
16 December 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
Ballantine Wealth Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11428358 . The registered office is Suite 106 Viney Court, Viney Street, Taunton, Somerset, TA1 3FB.
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 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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 5 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are client purchses.  They are amortised to the profit and loss account over its estimated economic life of 10 and 15 years.
2.5. 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 10% straight line
Plant & Machinery 25% reducing balance
Fixtures & Fittings 33% straight line
Computer Equipment 33% straight line
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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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was 9 (2024: 7)
9 7
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 April 2024 55,539 1,669,301 1,724,840
As at 31 March 2025 55,539 1,669,301 1,724,840
Amortisation
As at 1 April 2024 55,539 296,160 351,699
Provided during the period - 98,740 98,740
As at 31 March 2025 55,539 394,900 450,439
Net Book Value
As at 31 March 2025 - 1,274,401 1,274,401
As at 1 April 2024 - 1,373,141 1,373,141
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 15,312 10,053 26,765 52,130
Additions - - 3,532 3,532
As at 31 March 2025 15,312 10,053 30,297 55,662
Depreciation
As at 1 April 2024 6,228 5,811 19,847 31,886
Provided during the period 1,531 1,482 5,237 8,250
As at 31 March 2025 7,759 7,293 25,084 40,136
Net Book Value
As at 31 March 2025 7,553 2,760 5,213 15,526
As at 1 April 2024 9,084 4,242 6,918 20,244
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 107,661 163,832
Prepayments and accrued income 8,440 2,050
Other debtors 4,610 9,333
120,711 175,215
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other loans 146,256 221,829
Corporation tax 122,624 81,891
Other taxes and social security 268 210
Pension creditor 701 437
Accruals and deferred income 610 586
Directors' loan accounts 16,663 105,408
287,122 410,361
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 1,125,730 1,143,721
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 11,397 9,000
Later than one year and not later than five years - 7,500
11,397 16,500
10. Related Party Transactions
The directors maintained loan accounts with the company. The loans are interest free and repayable on demand. At the balance sheet date, the amount due to the directors was £16,693 (2024: £105,408).
During the year the company issued an interest free loan to its subsidiary company, which was subsquently written off. At the balance sheet date, the amount due to the company was £Nil. 
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