Acorah Software Products - Accounts Production 16.8.310 false true false 10 May 2024 31 May 2025 31 May 2025 15712413 Mr D H Leeson Mr J M Leeson Mr D H Leeson Mrs A G Leeson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15712413 2024-05-09 15712413 2025-05-31 15712413 2024-05-10 2025-05-31 15712413 frs-core:ShareCapital 2025-05-31 15712413 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 15712413 frs-bus:PrivateLimitedCompanyLtd 2024-05-10 2025-05-31 15712413 frs-bus:AbridgedAccounts 2024-05-10 2025-05-31 15712413 frs-bus:SmallEntities 2024-05-10 2025-05-31 15712413 frs-bus:AuditExempt-NoAccountantsReport 2024-05-10 2025-05-31 15712413 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-10 2025-05-31 15712413 frs-core:AdditionsToInvestments 2025-05-31 15712413 frs-core:CostValuation 2025-05-31 15712413 frs-bus:Director1 2024-05-10 2025-05-31 15712413 frs-bus:Director2 2024-05-10 2025-05-31 15712413 frs-bus:CompanySecretary1 2024-05-10 2025-05-31 15712413 frs-bus:CompanySecretary2 2024-05-10 2025-05-31 15712413 frs-countries:EnglandWales 2024-05-10 2025-05-31
Registered number: 15712413
Friary Capital Ltd
Unaudited ABRIDGED Financial Statements
For the Period 10 May 2024 to 31 May 2025
MJK Accountants Ltd
Unit 9 Barnack Business Centre Blakey Road
Salisbury
Wiltshire
SP1 2LP
Friary Capital Ltd
Contents
Contents

| Page
--- | ---
Abridged Statement of Financial Position | 1
Notes to the Abridged Financial Statements | 2—3

Page 1
Friary Capital Ltd
Abridged Statement of Financial Position
As At 31 May 2025
Abridged Statement of Financial Position
Registered number: 15712413

| 31 May 2025
--- | ---
| Notes | £ | £
FIXED ASSETS
Investment Properties | 4 |  | 287,624
Investments | 5 |  | 10
|  |  | 287,634
CURRENT ASSETS
Cash at bank and in hand |  | 6,301 |
|  | 6,301 |
Creditors: Amounts Falling Due Within One Year |  | (296,074 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (289,773 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (2,139 )
NET LIABILITIES |  |  | (2,139 )
CAPITAL AND RESERVES
Called up share capital | 6 |  | 20
Income Statement |  |  | (2,159 )
SHAREHOLDERS' FUNDS |  |  | (2,139)

For the period ending 31 May 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.
All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 31 May 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board

Mr J M Leeson Director
09/02/2026

The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Friary Capital Ltd
Notes to the Abridged Financial Statements
For the Period 10 May 2024 to 31 May 2025
Notes to the Abridged Financial Statements
1. General Information
Friary Capital Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15712413 . The registered office is Friary House, St. Michaels Road, Winchester, SO23 9JE.
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. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
2.3. 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 income statement.
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 period, 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.
2.5. Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends equity securities are recognised in income when receivable.
Page 2
Page 3
Friary Capital Ltd
Notes to the Abridged Financial Statements (continued)
For the Period 10 May 2024 to 31 May 2025
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Investment Property

| 31 May 2025
--- | ---
| £
Fair Value
As at 10 May 2024 | -
Additions | 287,624
As at 31 May 2025 | 287,624

5. Investments

| Total
--- | ---
| £
Cost or Valuation
As at 10 May 2024 | -
Additions | 10
As at 31 May 2025 | 10
Provision
As at 10 May 2024 | -
As at 31 May 2025 | -
Net Book Value
As at 31 May 2025 | 10
As at 10 May 2024 | -

Investments is subsidiary undertakings included at cost in Belgarum Estate Agents Limited. Friary Capital Ltd owns 100% of the issued share capital in Belgarum Estate Agents Limited.
6. Share Capital

| 31 May 2025
--- | ---
| £
Allotted, Called up and fully paid | 20

7. Related Party Transactions
Belgarum Estate Agents Limited100% owned subsidiaryThe previous shareholders of Belgarum Estate Agents Limited completed a share for share exchange with Friary Capital Ltd during the year.

Belgarum Estate Agents Limited

100% owned subsidiary

The previous shareholders of Belgarum Estate Agents Limited completed a share for share exchange with Friary Capital Ltd during the year.

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