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Registered number: NI043132
Regent House Mews Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Clarke&Co. Accountant's
53 Andersonstown Road
Belfast
Antrim
BT11 9AG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI043132
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 429,056 431,583
429,056 431,583
CURRENT ASSETS
Debtors 5 33,888 13,997
Cash at bank and in hand 129,982 121,467
163,870 135,464
Creditors: Amounts Falling Due Within One Year 6 (356,753 ) (138,140 )
NET CURRENT ASSETS (LIABILITIES) (192,883 ) (2,676 )
TOTAL ASSETS LESS CURRENT LIABILITIES 236,173 428,907
Creditors: Amounts Falling Due After More Than One Year 7 (384,945 ) (444,027 )
PROVISIONS FOR LIABILITIES
Provisions For Charges - (178,946 )
NET LIABILITIES (148,772 ) (194,066 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (148,774 ) (194,068 )
SHAREHOLDERS' FUNDS (148,772) (194,066)
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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 Patrick Donnelly
Director
28 December 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Regent House Mews Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI043132 . The registered office is 53 Andersonstown Road, Belfast, Antrim, BT11 9AG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Freehold None
Fixtures & Fittings 20% Reducing balance
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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 6 5
6 5
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 April 2024 418,946 16,850 435,796
As at 31 March 2025 418,946 16,850 435,796
Depreciation
As at 1 April 2024 - 4,213 4,213
Provided during the period - 2,527 2,527
As at 31 March 2025 - 6,740 6,740
Net Book Value
As at 31 March 2025 418,946 10,110 429,056
As at 1 April 2024 418,946 12,637 431,583
A fire occurred in March 2020 and burnt the premises down. The land and property were listed at a value of £685,847 jointly and a revaluation carried out increased the current market value by £38,153. The cost for the rebuild so far has been £178,945.83 net and the valuation of the property in March 2020 was carried out at £484,000. A disposal of the property and rebuild costs are represented.
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 5,186
VAT 33,888 8,811
33,888 13,997
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 348,020 137,207
Corporation tax (887 ) (500 )
Other taxes and social security 2,051 473
Accruals and deferred income 960 960
Directors' loan accounts 6,609 -
356,753 138,140
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7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank Loan 11,673 40,755
Diageo Loans 57,092 57,092
Directors loan account 228,510 238,510
Other loan (Long term liabilities - creditors > 1 year) 87,670 107,670
384,945 444,027
Long term Loans aquired by the company for the rebuild cost amount to £120,670
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
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