Acorah Software Products - Accounts Production 16.6.920 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 13210485 Mrs Shirley Spittal Mr Robert Spittal Mr Scott Spittal Mrs Katherine Spittal iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13210485 2024-03-31 13210485 2025-03-31 13210485 2024-04-01 2025-03-31 13210485 frs-core:CurrentFinancialInstruments 2025-03-31 13210485 frs-core:Non-currentFinancialInstruments 2025-03-31 13210485 frs-core:BetweenOneFiveYears 2025-03-31 13210485 frs-core:MotorVehicles 2025-03-31 13210485 frs-core:MotorVehicles 2024-04-01 2025-03-31 13210485 frs-core:MotorVehicles 2024-03-31 13210485 frs-core:WithinOneYear 2025-03-31 13210485 frs-core:ShareCapital 2025-03-31 13210485 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 13210485 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13210485 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 13210485 frs-bus:SmallEntities 2024-04-01 2025-03-31 13210485 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13210485 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13210485 frs-bus:OrdinaryShareClass2 2024-04-01 2025-03-31 13210485 frs-bus:OrdinaryShareClass2 2025-03-31 13210485 frs-bus:OrdinaryShareClass3 2024-04-01 2025-03-31 13210485 frs-bus:OrdinaryShareClass3 2025-03-31 13210485 frs-bus:OrdinaryShareClass4 2024-04-01 2025-03-31 13210485 frs-bus:OrdinaryShareClass4 2025-03-31 13210485 frs-bus:OrdinaryShareClass5 2024-04-01 2025-03-31 13210485 frs-bus:OrdinaryShareClass5 2025-03-31 13210485 frs-core:ListedExchangeTraded 2025-03-31 13210485 frs-core:ListedExchangeTraded 2024-03-31 13210485 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 13210485 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2025-03-31 13210485 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2025-03-31 13210485 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2025-03-31 13210485 frs-core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments frs-core:ListedExchangeTraded 2025-03-31 13210485 frs-core:CostValuation frs-core:ListedExchangeTraded 2025-03-31 13210485 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 13210485 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2025-03-31 13210485 frs-bus:Director1 2024-04-01 2025-03-31 13210485 frs-bus:Director2 2024-04-01 2025-03-31 13210485 frs-bus:Director3 2024-04-01 2025-03-31 13210485 frs-bus:Director4 2024-04-01 2025-03-31 13210485 frs-countries:EnglandWales 2024-04-01 2025-03-31 13210485 2023-03-31 13210485 2024-03-31 13210485 2023-04-01 2024-03-31 13210485 frs-core:CurrentFinancialInstruments 2024-03-31 13210485 frs-core:Non-currentFinancialInstruments 2024-03-31 13210485 frs-core:BetweenOneFiveYears 2024-03-31 13210485 frs-core:MotorVehicles 2023-04-01 2024-03-31 13210485 frs-core:WithinOneYear 2024-03-31 13210485 frs-core:ShareCapital 2024-03-31 13210485 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13210485 frs-bus:OrdinaryShareClass2 2023-04-01 2024-03-31 13210485 frs-bus:OrdinaryShareClass3 2023-04-01 2024-03-31 13210485 frs-bus:OrdinaryShareClass4 2023-04-01 2024-03-31 13210485 frs-bus:OrdinaryShareClass5 2023-04-01 2024-03-31
Registered number: 13210485
Buchanan Group Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13210485
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 37,380 51,397
Investments 5 3,367,295 3,316,445
3,404,675 3,367,842
CURRENT ASSETS
Debtors 6 253 253
Cash at bank and in hand 90,131 52,543
90,384 52,796
Creditors: Amounts Falling Due Within One Year 7 (2,975,004 ) (2,956,804 )
NET CURRENT ASSETS (LIABILITIES) (2,884,620 ) (2,904,008 )
TOTAL ASSETS LESS CURRENT LIABILITIES 520,055 463,834
Creditors: Amounts Falling Due After More Than One Year 8 (34,261 ) (38,703 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,345 ) (12,849 )
NET ASSETS 476,449 412,282
CAPITAL AND RESERVES
Called up share capital 10 100,000 100,000
Profit and Loss Account 376,449 312,282
SHAREHOLDERS' FUNDS 476,449 412,282
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 Robert Spittal
Director
23 December 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
Buchanan Group Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13210485 . The registered office is 24 Picton House, Hussar Court, Waterlooville, Hampshire, PO7 7SQ.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
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. Significant judgements and estimations
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.
Management do not consider there to be any significant judgements or estimates used in the preparation of these financial statements.
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% on cost
2.4. 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.
2.5. Financial Instruments
Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument.
Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.
Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.
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2.7. 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: NIL (2024: 3)
- 3
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 April 2024 51,397
As at 31 March 2025 51,397
Depreciation
As at 1 April 2024 -
Provided during the period 14,017
As at 31 March 2025 14,017
Net Book Value
As at 31 March 2025 37,380
As at 1 April 2024 51,397
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles 37,379 51,397
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Page 5
5. Investments
Listed
£
Cost
As at 1 April 2024 3,316,445
Additions 231,097
Disposals (184,787 )
Revaluations (177,282 )
Fair value adjustments 181,822
As at 31 March 2025 3,367,295
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 3,367,295
As at 1 April 2024 3,316,445
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 253 253
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 4,442 4,096
Trade creditors - 1
Other creditors 2,970,562 2,950,523
Taxation and social security - 2,184
2,975,004 2,956,804
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 34,261 38,703
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9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,442 4,096
Later than one year and not later than five years 34,261 38,703
38,703 42,799
38,703 42,799
10. Share Capital
2025 2024
Allotted, called up and fully paid £ £
5,000 Ordinary A shares of £ 1.00 each 5,000 5,000
5,000 Ordinary B shares of £ 1.00 each 5,000 5,000
80,000 Ordinary C shares of £ 1.00 each 80,000 80,000
10,000 Ordinary D shares of £ 1.00 each 10,000 10,000
100,000 100,000
11. Related Party Transactions
Included within creditors due within one year is an amount of £2,997,889 (2024: £2,948,759) owed to the directors. The balance is in respect of a loan introduced by the directors to the Company. This amount is unsecured, interest free and repayable on demand.
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