Acorah Software Products - Accounts Production 16.8.310 false true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 NI689589 Mrs Ciara McMichael Mr Philip McMichael iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI689589 2024-07-31 NI689589 2025-07-31 NI689589 2024-08-01 2025-07-31 NI689589 frs-core:CurrentFinancialInstruments 2025-07-31 NI689589 frs-core:ComputerEquipment 2025-07-31 NI689589 frs-core:ComputerEquipment 2024-08-01 2025-07-31 NI689589 frs-core:ComputerEquipment 2024-07-31 NI689589 frs-core:MotorVehicles 2025-07-31 NI689589 frs-core:MotorVehicles 2024-08-01 2025-07-31 NI689589 frs-core:MotorVehicles 2024-07-31 NI689589 frs-core:ShareCapital 2025-07-31 NI689589 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 NI689589 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 NI689589 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 NI689589 frs-bus:SmallEntities 2024-08-01 2025-07-31 NI689589 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 NI689589 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 NI689589 frs-core:CostValuation 2024-07-31 NI689589 frs-core:AdditionsToInvestments 2025-07-31 NI689589 frs-core:DisposalsRepaymentsInvestments 2025-07-31 NI689589 frs-core:RevaluationsIncreaseDecreaseInInvestments 2025-07-31 NI689589 frs-core:CostValuation 2025-07-31 NI689589 frs-core:ProvisionsForImpairmentInvestments 2024-07-31 NI689589 frs-core:ProvisionsForImpairmentInvestments 2025-07-31 NI689589 frs-core:UnlistedNon-exchangeTraded 2025-07-31 NI689589 frs-core:UnlistedNon-exchangeTraded 2024-07-31 NI689589 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-07-31 NI689589 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2025-07-31 NI689589 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2025-07-31 NI689589 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2025-07-31 NI689589 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-07-31 NI689589 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-07-31 NI689589 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-07-31 NI689589 frs-bus:Director1 2024-08-01 2025-07-31 NI689589 frs-bus:Director2 2024-08-01 2025-07-31 NI689589 frs-countries:NorthernIreland 2024-08-01 2025-07-31 NI689589 2023-07-31 NI689589 2024-07-31 NI689589 2023-08-01 2024-07-31 NI689589 frs-core:CurrentFinancialInstruments 2024-07-31 NI689589 frs-core:ShareCapital 2024-07-31 NI689589 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31
Registered number: NI689589
Elite Populi Limited
Unaudited Financial Statements
For The Year Ended 31 July 2025
Gray + Press Accountants
21 Old Channel Road
Unit 4A Channel Wharf
Belfast
Antrim
BT3 9DE
Elite Populi Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Elite Populi Limited
Balance Sheet
As At 31 July 2025
Balance Sheet
Registered number: NI689589

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 85,977 |  | -
Investments | 5 |  | 3,434,452 |  | 3,326,399
|  |  | 3,520,429 |  | 3,326,399
CURRENT ASSETS
Debtors | 6 | 45,000 |  | 75,000 |
Investments | 7 | 771,686 |  | 432,789 |
Cash at bank and in hand |  | 42,251 |  | 88,260 |
|  | 858,937 |  | 596,049 |
Creditors: Amounts Falling Due Within One Year | 8 | (3,748,735 ) |  | (3,470,537 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (2,889,798 ) |  | (2,874,488 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 630,631 |  | 451,911
NET ASSETS |  |  | 630,631 |  | 451,911
CAPITAL AND RESERVES
Called up share capital | 9 |  | 1 |  | 1
Profit and Loss Account |  |  | 630,630 |  | 451,910
SHAREHOLDERS' FUNDS |  |  | 630,631 |  | 451,911

Page 1
Page 2
Elite Populi Limited
Balance Sheet (continued)
As At 31 July 2025
For the year ending 31 July 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 Philip McMichael Director
16/02/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Elite Populi Limited
Notes to the Financial Statements
For The Year Ended 31 July 2025
Notes to the Financial Statements
1. General Information
Elite Populi Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI689589 . The registered office is Unit 4A Channel Wharf, 21 Old Channel Road, Belfast, County Antrim, BT3 9DE.
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:

Motor Vehicles | 25% Straight Line
Computer Equipment | 20% Straight Line

2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
Page 3
Page 4
Elite Populi Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
4. Tangible Assets

| Motor Vehicles | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 August 2024 | - | - | -
Additions | 108,720 | 5,054 | 113,774
As at 31 July 2025 | 108,720 | 5,054 | 113,774
Depreciation
As at 1 August 2024 | - | - | -
Provided during the period | 27,180 | 617 | 27,797
As at 31 July 2025 | 27,180 | 617 | 27,797
Net Book Value
As at 31 July 2025 | 81,540 | 4,437 | 85,977
As at 1 August 2024 | - | - | -

5. Investments

| Unlisted | Other | Total
--- | --- | --- | ---
| £ | £ | £
Cost or Valuation
As at 1 August 2024 | 3,326,399 | - | 3,326,399
Additions | 1,406,132 | 7,020 | 1,413,152
Disposals | (1,513,678 ) | - | (1,513,678 )
Revaluations | 208,579 | - | 208,579
As at 31 July 2025 | 3,427,432 | 7,020 | 3,434,452
Provision
As at 1 August 2024 | - | - | -
As at 31 July 2025 | - | - | -
Net Book Value
As at 31 July 2025 | 3,427,432 | 7,020 | 3,434,452
As at 1 August 2024 | 3,326,399 | - | 3,326,399

The company holds investments which are classified as financial instruments under FRS 102. Investments are initially recognised at transaction price and are subsequently measured at fair value, with movements in fair value recognised in the profit and loss account.
6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 45,000 |  | 75,000

Page 4
Page 5
Elite Populi Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
7. Current Asset Investments

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Short term deposits | 771,686 |  | 432,789

Current asset investments comprise investments which are readily realisable and are not intended to be held for the long term. These investments are classified as financial instruments under FRS 102.
Current asset investments are initially recognised at transaction price and are subsequently measured at fair value, with movements in fair value recognised in the profit and loss account.
8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other creditors | 3,748,735 |  | 3,421,561
Taxation and social security | - |  | 48,976
| 3,748,735 |  | 3,470,537

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

10. Financial Instruments
Basic financial instruments comprise trade and other debtors, cash at bank and in hand, trade and other creditors and loans. These financial instruments are initially recognised at transaction price and are subsequently measured at amortised cost.
Other financial instruments comprise investments held at fair value. These are initially recognised at transaction price and are subsequently measured at fair value, with movements in fair value recognised in the profit and loss account.
Page 5