Acorah Software Products - Accounts Production 16.8.310 false true 30 September 2024 1 October 2023 false 16 January 2026 1 October 2024 30 September 2025 30 September 2025 12230052 Mr Edward Hugo Mr Alyx Wood Mr Krishnan Muthappan Mr Neil Shillito Mrs Carol Isabel L'Heveder iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12230052 2024-09-30 12230052 2025-09-30 12230052 2024-10-01 2025-09-30 12230052 frs-core:CurrentFinancialInstruments 2025-09-30 12230052 frs-core:ComputerEquipment 2025-09-30 12230052 frs-core:ComputerEquipment 2024-10-01 2025-09-30 12230052 frs-core:ComputerEquipment 2024-09-30 12230052 frs-core:FurnitureFittings 2025-09-30 12230052 frs-core:FurnitureFittings 2024-10-01 2025-09-30 12230052 frs-core:FurnitureFittings 2024-09-30 12230052 frs-core:PlantMachinery 2025-09-30 12230052 frs-core:PlantMachinery 2024-10-01 2025-09-30 12230052 frs-core:PlantMachinery 2024-09-30 12230052 frs-core:SharePremium 2025-09-30 12230052 frs-core:ShareCapital 2025-09-30 12230052 frs-core:RetainedEarningsAccumulatedLosses 2025-09-30 12230052 frs-bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 12230052 frs-bus:FilletedAccounts 2024-10-01 2025-09-30 12230052 frs-bus:SmallEntities 2024-10-01 2025-09-30 12230052 frs-bus:Audited 2024-10-01 2025-09-30 12230052 frs-bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 12230052 frs-bus:Director1 2024-10-01 2025-09-30 12230052 frs-bus:Director1 2024-09-30 12230052 frs-bus:Director1 2025-09-30 12230052 frs-bus:Director2 2024-10-01 2025-09-30 12230052 frs-bus:Director2 2024-09-30 12230052 frs-bus:Director2 2025-09-30 12230052 frs-bus:Director3 2024-10-01 2025-09-30 12230052 frs-bus:Director4 2024-10-01 2025-09-30 12230052 frs-bus:Director5 2024-10-01 2025-09-30 12230052 frs-countries:EnglandWales 2024-10-01 2025-09-30 12230052 2023-09-30 12230052 2024-09-30 12230052 2023-10-01 2024-09-30 12230052 frs-core:CurrentFinancialInstruments 2024-09-30 12230052 frs-core:SharePremium 2024-09-30 12230052 frs-core:ShareCapital 2024-09-30 12230052 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 12230052 frs-core:CurrentFinancialInstruments 2 2024-09-30
Registered number: 12230052
Kernow Asset Management Limited
Financial Statements
For The Year Ended 30 September 2025
Shaikh & Co Ltd
Registered Auditors and Chartered Certified Accountants
Kernow Asset Management Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Notes to the Financial Statements | 2—4

Page 1
Kernow Asset Management Limited
Balance Sheet
As At 30 September 2025
Balance Sheet
Registered number: 12230052

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 1,204 |  | 2,077
|  |  | 1,204 |  | 2,077
CURRENT ASSETS
Debtors | 5 | 96,570 |  | 157,495 |
Investments | 6 | 5,899 |  | 5,000 |
Cash at bank and in hand |  | 136,236 |  | 53,840 |
|  | 238,705 |  | 216,335 |
Creditors: Amounts Falling Due Within One Year | 7 | (29,970 ) |  | (21,231 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 208,735 |  | 195,104
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 209,939 |  | 197,181
NET ASSETS |  |  | 209,939 |  | 197,181
CAPITAL AND RESERVES
Called up share capital | 8 |  | 94,667 |  | 94,667
Share premium account |  |  | 1,221,936 |  | 1,221,936
Profit and Loss Account |  |  | (1,106,664 ) |  | (1,119,422 )
SHAREHOLDERS' FUNDS |  |  | 209,939 |  | 197,181

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 Edward Hugo Director
16/01/2026

The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Kernow Asset Management Limited
Notes to the Financial Statements
For The Year Ended 30 September 2025
Notes to the Financial Statements
1. General Information
Kernow Asset Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12230052 . The registered office is 1st Floor Great Stable, Trelowarren, Helston,Cornwall, England, TR12 6AF.
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 represents net fees earned on managed funds. Credit is taken for fees in the period to which the fee relates.
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. 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:

Plant & Machinery | 20% Reducing Balance Method
Fixtures & Fittings | 25% Reducing Balance Method
Computer Equipment | 33.33% Straight Line Method

2.4. 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 result.
2.5. Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.
2.6. Debtors and creditors receivable/ payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses
2.7. Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the fair value can otherwise be measured reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 2
Page 3
Kernow Asset Management Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
4. Tangible Assets

| Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 October 2024 | 84 | 3,699 | 4,671 | 8,454
As at 30 September 2025 | 84 | 3,699 | 4,671 | 8,454
Depreciation
As at 1 October 2024 | 41 | 2,139 | 4,197 | 6,377
Provided during the period | 9 | 390 | 474 | 873
As at 30 September 2025 | 50 | 2,529 | 4,671 | 7,250
Net Book Value
As at 30 September 2025 | 34 | 1,170 | - | 1,204
As at 1 October 2024 | 43 | 1,560 | 474 | 2,077

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 86,146 |  | 81,056
Unpaid share capital | 48 |  | 19,881
Other taxes receivable (s455 tax) | - |  | 20,037
Directors' loan accounts | 10,376 |  | 36,521
| 96,570 |  | 157,495

6. Current Asset Investments

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Unlisted investments | 5,899 |  | 5,000

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 576 |  | 271
Other taxes and social security | 5,293 |  | 6,560
Net wages | 646 |  | -
Accruals and deferred income | 20,200 |  | 14,400
Directors' loan accounts | 3,255 |  | -
| 29,970 |  | 21,231

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 94,667 |  | 94,667

Page 3
Page 4
Kernow Asset Management Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
9. Directors Advances, Credits and Guarantees
During the year the company advanced is £NIL to its directors (2024: £30,161). During the year the directors repaid £29,400 (2024: £53,207) leaving an amount owed to the company at the year end of £7,121.11 (2024: £36,521).

| As at 1 October 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 30 September 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Edward Hugo | 1,945 | - | (5,200 ) | - | (3,255 )
Mr Alyx Wood | 34,576 | - | (24,200 ) | - | 10,376

The above loans are unsecured, interest free and repayable on demand.
10. Audit Information
The auditor's report on the accounts of Kernow Asset Management Limited for the year ended 30 September 2025 was unqualified.
The auditor's report was signed by David Shawcross FCA (Senior Statutory Auditor) for and on behalf of Anderson Barrowcliff Limited , Statutory Auditor.
Page 4