Acorah Software Products - Accounts Production 16.3.350 false true 29 April 2024 30 April 2023 false 30 April 2024 29 April 2025 29 April 2025 05800306 Mr Shing Tung Chau Ms Li Li iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05800306 2024-04-29 05800306 2025-04-29 05800306 2024-04-30 2025-04-29 05800306 frs-core:CurrentFinancialInstruments 2025-04-29 05800306 frs-core:ComputerEquipment 2024-04-30 2025-04-29 05800306 frs-core:ShareCapital 2025-04-29 05800306 frs-core:RetainedEarningsAccumulatedLosses 2025-04-29 05800306 frs-bus:PrivateLimitedCompanyLtd 2024-04-30 2025-04-29 05800306 frs-bus:FilletedAccounts 2024-04-30 2025-04-29 05800306 frs-bus:SmallEntities 2024-04-30 2025-04-29 05800306 frs-bus:AuditExempt-NoAccountantsReport 2024-04-30 2025-04-29 05800306 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-30 2025-04-29 05800306 frs-bus:OrdinaryShareClass1 2024-04-30 2025-04-29 05800306 frs-bus:OrdinaryShareClass1 2025-04-29 05800306 frs-bus:Director1 2024-04-30 2025-04-29 05800306 frs-bus:Director2 2024-04-30 2025-04-29 05800306 frs-countries:EnglandWales 2024-04-30 2025-04-29 05800306 2023-04-29 05800306 2024-04-29 05800306 2023-04-30 2024-04-29 05800306 frs-core:CurrentFinancialInstruments 2024-04-29 05800306 frs-core:ShareCapital 2024-04-29 05800306 frs-core:RetainedEarningsAccumulatedLosses 2024-04-29 05800306 frs-bus:OrdinaryShareClass1 2023-04-30 2024-04-29
Registered number: 05800306
Underbank Ltd
Unaudited Financial Statements
For The Year Ended 29 April 2025
Ten Forward Accounting
Chartered Certified Accountants
Suite 2A, 7th Floor
City Reach, 5 Greenwich View Place
London
E14 9NN
Underbank Ltd
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1
Notes to the Financial Statements | 2

Page 1
Underbank Ltd
Statement of Financial Position
As At 29 April 2025
Statement of Financial Position
Registered number: 05800306

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
CURRENT ASSETS
Debtors | 4 | 437,895 |  | 402,895 |
Cash at bank and in hand |  | 10,674 |  | 57,249 |
|  | 448,569 |  | 460,144 |
Creditors: Amounts Falling Due Within One Year | 5 | (223,262 ) |  | (168,629 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 225,307 |  | 291,515
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 225,307 |  | 291,515
NET ASSETS |  |  | 225,307 |  | 291,515
CAPITAL AND RESERVES
Called up share capital | 6 |  | 100 |  | 100
Income Statement |  |  | 225,207 |  | 291,415
SHAREHOLDERS' FUNDS |  |  | 225,307 |  | 291,515

For the year ending 29 April 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 Income Statement.
On behalf of the board

Mr Shing Tung Chau Director
19 January 2026

The notes on page 2 form part of these financial statements.
Page 1
Page 2
Underbank Ltd
Notes to the Financial Statements
For The Year Ended 29 April 2025
Notes to the Financial Statements
1. General Information
Underbank Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05800306 . The registered office is Suite 2a, 7th Floor, City Reach, 5 Greenwich View Place, London, E14 9NN.
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:

Computer Equipment | 20% Straight Line Basis

2.3. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Amounts owed by group undertakings | 437,895 |  | 402,895

5. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other creditors | 2 |  | -
Accruals and deferred income | 1,675 |  | 1,675
Directors' loan accounts | 221,585 |  | 166,954
| 223,262 |  | 168,629

6. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
100 Ordinary Shares of £ 1.00 each | 100 |  | 100

7. Related Party Transactions
Pieman LtdThe shareholders/directors of the company own Pieman Ltd and are also the shareholders/directors of Pieman Ltd.During the year the company provided financial support of £35,000 to Pieman Ltd (2024: £50,000). At year end the company was owed by Pieman Ltd £437,895 (2024: £402,895).

Pieman Ltd

The shareholders/directors of the company own Pieman Ltd and are also the shareholders/directors of Pieman Ltd.

During the year the company provided financial support of £35,000 to Pieman Ltd (2024: £50,000). At year end the company was owed by Pieman Ltd £437,895 (2024: £402,895).

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