Acorah Software Products - Accounts Production 16.6.950 false true true 30 June 2024 1 July 2023 false 1 July 2024 30 June 2025 30 June 2025 03380877 Mr Alan Roberts Mrs Sandra Roberts Ms Hester Macanara Mrs Lucy Roberts The company is controlled by it's Directors true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03380877 2024-06-30 03380877 2025-06-30 03380877 2024-07-01 2025-06-30 03380877 frs-core:CurrentFinancialInstruments 2025-06-30 03380877 frs-core:Non-currentFinancialInstruments 2025-06-30 03380877 frs-core:ComputerEquipment 2025-06-30 03380877 frs-core:ComputerEquipment 2024-07-01 2025-06-30 03380877 frs-core:ComputerEquipment 2024-06-30 03380877 frs-core:FurnitureFittings 2025-06-30 03380877 frs-core:FurnitureFittings 2024-07-01 2025-06-30 03380877 frs-core:FurnitureFittings 2024-06-30 03380877 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 03380877 frs-core:RevaluationReserve 2024-07-01 2025-06-30 03380877 frs-core:RevaluationReserve 2024-06-30 03380877 frs-core:RevaluationReserve 2025-06-30 03380877 frs-core:SharePremium 2025-06-30 03380877 frs-core:ShareCapital 2025-06-30 03380877 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30 03380877 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 03380877 frs-bus:FilletedAccounts 2024-07-01 2025-06-30 03380877 frs-bus:SmallEntities 2024-07-01 2025-06-30 03380877 frs-bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 03380877 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 03380877 1 2024-07-01 2025-06-30 03380877 frs-bus:Director1 2024-07-01 2025-06-30 03380877 frs-bus:Director1 2024-06-30 03380877 frs-bus:Director1 2025-06-30 03380877 frs-bus:Director2 2024-07-01 2025-06-30 03380877 frs-bus:Director2 2024-06-30 03380877 frs-bus:Director2 2025-06-30 03380877 frs-bus:Director3 2024-07-01 2025-06-30 03380877 frs-bus:Director4 2024-07-01 2025-06-30 03380877 frs-countries:EnglandWales 2024-07-01 2025-06-30 03380877 2023-06-30 03380877 2024-06-30 03380877 2023-07-01 2024-06-30 03380877 frs-core:CurrentFinancialInstruments 2024-06-30 03380877 frs-core:Non-currentFinancialInstruments 2024-06-30 03380877 frs-core:RevaluationReserve 2024-06-30 03380877 frs-core:SharePremium 2024-06-30 03380877 frs-core:ShareCapital 2024-06-30 03380877 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30
Registered number: 03380877
Letnet Limited
Unaudited Financial Statements
For The Year Ended 30 June 2025
Brisan Accountancy Ltd
Canada House, First Floor, 20/20 Business Park
Maidstone
Kent
ME16 0LS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03380877
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 456 289
Investment Properties 5 577,000 802,000
577,456 802,289
CURRENT ASSETS
Debtors 6 3,372 3,308
Cash at bank and in hand 12,366 6,657
15,738 9,965
Creditors: Amounts Falling Due Within One Year 7 (19,393 ) (19,081 )
NET CURRENT ASSETS (LIABILITIES) (3,655 ) (9,116 )
TOTAL ASSETS LESS CURRENT LIABILITIES 573,801 793,173
Creditors: Amounts Falling Due After More Than One Year 8 (104,549 ) (104,549 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (104,836 ) (200,572 )
NET ASSETS 364,416 488,052
CAPITAL AND RESERVES
Called up share capital 10 8 8
Share premium account 9,744 9,744
Revaluation reserve 12 314,250 484,000
Profit and Loss Account 40,414 (5,700 )
SHAREHOLDERS' FUNDS 364,416 488,052
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For the year ending 30 June 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 Alan Roberts
Director
16 December 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Letnet Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03380877 . The registered office is Beechwood, Buckland, Faringdon, Oxfordshire, SN7 8QN.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
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.
2.4. 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:
Freehold No depreciation
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.5. 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.
2.6. 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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 July 2024 - 699 699
Additions 302 - 302
As at 30 June 2025 302 699 1,001
Depreciation
As at 1 July 2024 - 410 410
Provided during the period 63 72 135
As at 30 June 2025 63 482 545
Net Book Value
As at 30 June 2025 239 217 456
As at 1 July 2024 - 289 289
5. Investment Property
2025
£
Fair Value
As at 1 July 2024 802,000
Revaluations (225,000)
As at 30 June 2025 577,000
6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 659 595
Other debtors 2,713 2,713
3,372 3,308
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Directors' loan accounts 19,393 19,081
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Directors loan account 104,549 104,549
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9. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 104,836 200,572
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 8 8
11. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 July 2024 Amounts advanced Amounts repaid Amounts written off As at 30 June 2025
£ £ £ £ £
Mr Alan Roberts 61,815 - 156 - 61,971
Mrs Sandra Roberts 61,815 - 156 - 61,971
The above loan is unsecured, repayable on demand and ranks equally with other unsecured creditors of the company.
12. Reserves
Revaluation Reserve
£
As at 1 July 2024 484,000
Net investment property revaluation reserve (169,750 )
As at 30 June 2025 314,250
Balance on the revaluation reserve relates to the investment property.
13. Ultimate Controlling Party
The company's ultimate controlling party is controlled by its Directors.
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