Acorah Software Products - Accounts Production 16.8.200 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 07173363 Mrs C Burton Mr R Burton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07173363 2024-03-31 07173363 2025-03-31 07173363 2024-04-01 2025-03-31 07173363 frs-core:CurrentFinancialInstruments 2025-03-31 07173363 frs-core:ComputerEquipment 2025-03-31 07173363 frs-core:ComputerEquipment 2024-04-01 2025-03-31 07173363 frs-core:ComputerEquipment 2024-03-31 07173363 frs-core:FurnitureFittings 2025-03-31 07173363 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07173363 frs-core:FurnitureFittings 2024-03-31 07173363 frs-core:SharePremium 2025-03-31 07173363 frs-core:ShareCapital 2025-03-31 07173363 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07173363 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07173363 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07173363 frs-bus:SmallEntities 2024-04-01 2025-03-31 07173363 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07173363 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07173363 frs-core:UnlistedNon-exchangeTraded 2025-03-31 07173363 frs-core:UnlistedNon-exchangeTraded 2024-03-31 07173363 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 07173363 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 07173363 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-03-31 07173363 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 07173363 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 07173363 frs-bus:Director1 2024-04-01 2025-03-31 07173363 frs-bus:Director1 2024-03-31 07173363 frs-bus:Director1 2025-03-31 07173363 frs-bus:Director2 2024-04-01 2025-03-31 07173363 frs-bus:Director2 2024-03-31 07173363 frs-bus:Director2 2025-03-31 07173363 frs-countries:EnglandWales 2024-04-01 2025-03-31 07173363 2023-03-31 07173363 2024-03-31 07173363 2023-04-01 2024-03-31 07173363 frs-core:CurrentFinancialInstruments 2024-03-31 07173363 frs-core:SharePremium 2024-03-31 07173363 frs-core:ShareCapital 2024-03-31 07173363 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07173363
R L Burton Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Southgate & Co LLP
55 Thorpe Drive
Attleborough
Norfolk
NR17 2HS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07173363
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 205 306
Investments 5 5,363,269 3,322,458
5,363,474 3,322,764
CURRENT ASSETS
Debtors 6 231,862 -
Cash at bank and in hand 386,845 494,372
618,707 494,372
Creditors: Amounts Falling Due Within One Year 7 (5,741 ) (2,501 )
NET CURRENT ASSETS (LIABILITIES) 612,966 491,871
TOTAL ASSETS LESS CURRENT LIABILITIES 5,976,440 3,814,635
PROVISIONS FOR LIABILITIES
Deferred Taxation (894,905 ) (384,926 )
NET ASSETS 5,081,535 3,429,709
CAPITAL AND RESERVES
Called up share capital 8 10,050 10,000
Share premium account 201,950 -
Profit and Loss Account 4,869,535 3,419,709
SHAREHOLDERS' FUNDS 5,081,535 3,429,709
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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 R Burton
Director
10/12/2025
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
R L Burton Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07173363 . The registered office is Hillside The Common, Shotesham, Norwich, NR15 1YD.
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. 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:
Fixtures & Fittings - 25% reducing balance
Computer Equipment - 33% reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
2.3. Foreign Currencies
Functional and presentation currency
The company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Income Statement within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 500 1,727 2,227
As at 31 March 2025 500 1,727 2,227
Depreciation
As at 1 April 2024 500 1,421 1,921
Provided during the period - 101 101
As at 31 March 2025 500 1,522 2,022
Net Book Value
As at 31 March 2025 - 205 205
As at 1 April 2024 - 306 306
5. Investments
Unlisted
£
Cost or Valuation
As at 1 April 2024 3,322,458
Revaluations 2,040,811
As at 31 March 2025 5,363,269
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 5,363,269
As at 1 April 2024 3,322,458
Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. The company uses the following to  determine the market value in order of priority:
  • Active market price
  • Known transaction price
  • Any other valuation method
Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the profit and loss statement for the period.
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6. Debtors
2025 2024
£ £
Due within one year
Other debtors 231,862 -
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 2,000 2,501
Taxation and social security 3,741 -
5,741 2,501
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10,050 10,000
9. Financial Instruments
The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
The company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.
Financial instruments are recognised in the company's Statement of Financial Position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mrs Christine Burton - 115,931 - - -
Mr Robert Burton - 115,931 - - -
The above loan is unsecured, interest free and repayable on demand.
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11. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 90,000 80,000
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
12. Related Party Transactions
On the 14th October 2024, the Company issued 500 Ordinary B shares at a price of £404 per share, raising a rotal of £202,000. The shares were subscriped for in full by the Directors, Mr Robert Burton and Mrs Christine Burton, in equal proportions. The subcription price was determined with reference to a professional valuation of the Company and represents market value at the time of issue. 
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