Acorah Software Products - Accounts Production 16.8.310 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 SC729981 Christopher Trainer David Sharp Lewis Trainer Matthew Trainer Mikey Trainer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC729981 2024-12-31 SC729981 2025-12-31 SC729981 2025-01-01 2025-12-31 SC729981 frs-core:CurrentFinancialInstruments 2025-12-31 SC729981 frs-core:FurnitureFittings 2025-12-31 SC729981 frs-core:FurnitureFittings 2025-01-01 2025-12-31 SC729981 frs-core:FurnitureFittings 2024-12-31 SC729981 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-12-31 SC729981 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 SC729981 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 SC729981 frs-core:PlantMachinery 2025-01-01 2025-12-31 SC729981 frs-core:ShareCapital 2025-12-31 SC729981 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 SC729981 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 SC729981 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 SC729981 frs-bus:SmallEntities 2025-01-01 2025-12-31 SC729981 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 SC729981 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 SC729981 frs-core:UnlistedNon-exchangeTraded 2025-12-31 SC729981 frs-core:UnlistedNon-exchangeTraded 2024-12-31 SC729981 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 SC729981 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2025-12-31 SC729981 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2025-12-31 SC729981 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-12-31 SC729981 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 SC729981 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-12-31 SC729981 frs-bus:Director1 2025-01-01 2025-12-31 SC729981 frs-bus:Director2 2025-01-01 2025-12-31 SC729981 frs-bus:Director3 2025-01-01 2025-12-31 SC729981 frs-bus:Director4 2025-01-01 2025-12-31 SC729981 frs-bus:Director5 2025-01-01 2025-12-31 SC729981 frs-core:CurrentFinancialInstruments 1 2025-12-31 SC729981 frs-core:CurrentFinancialInstruments 2 2025-12-31 SC729981 frs-core:CurrentFinancialInstruments 3 2025-12-31 SC729981 frs-countries:Scotland 2025-01-01 2025-12-31 SC729981 2023-12-31 SC729981 2024-12-31 SC729981 2024-01-01 2024-12-31 SC729981 frs-core:CurrentFinancialInstruments 2024-12-31 SC729981 frs-core:ShareCapital 2024-12-31 SC729981 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC729981 frs-core:CurrentFinancialInstruments 1 2024-12-31 SC729981 frs-core:CurrentFinancialInstruments 2 2024-12-31 SC729981 frs-core:CurrentFinancialInstruments 3 2024-12-31 SC729981 frs-core:CurrentFinancialInstruments 4 2024-12-31
Registered number: SC729981
Forrest Securities Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
14 Newton Place
Glasgow
G3 7PY
Forrest Securities Limited
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—5

Page 1
Forrest Securities Limited
Statement of Financial Position
As At 31 December 2025
Statement of Financial Position
Registered number: SC729981

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 96,356 |  | 179,736
Investment Properties | 5 |  | 1,001,536 |  | 981,310
Investments | 6 |  | 14,257,954 |  | 14,211,578
|  |  | 15,355,846 |  | 15,372,624
CURRENT ASSETS
Debtors | 7 | 440,208 |  | 3,356,833 |
Cash at bank and in hand |  | 2,062,644 |  | 7,249,775 |
|  | 2,502,852 |  | 10,606,608 |
Creditors: Amounts Falling Due Within One Year | 8 | (2,459,917 ) |  | (10,843,347 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 42,935 |  | (236,739 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 15,398,781 |  | 15,135,885
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (815,022 ) |  | (817,073 )
NET ASSETS |  |  | 14,583,759 |  | 14,318,812
CAPITAL AND RESERVES
Called up share capital | 9 |  | 12,184,019 |  | 12,184,019
Income Statement |  |  | 2,399,740 |  | 2,134,793
SHAREHOLDERS' FUNDS |  |  | 14,583,759 |  | 14,318,812

Page 1
Page 2
Forrest Securities Limited
Statement of Financial Position (continued)
As At 31 December 2025
For the year ending 31 December 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

Christopher Trainer Director
17th March 2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Forrest Securities Limited
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Forrest Securities Limited is a private company, limited by shares, incorporated in Scotland, registered number SC729981 . The registered office is 7 Seaward Street, Paisley Road, Glasgow, G41 1HJ.
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:

Freehold | Land sites are not depreciated
Plant & Machinery |
Fixtures & Fittings | 5 to 10 years straight line

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 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: 6 (2024: 6)
6 6
Page 3
Page 4
Forrest Securities Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Fixtures & Fittings | Total
| £ | £ | £
Cost
As at 1 January 2025 | 120,000 | 62,281 | 182,281
Disposals | (75,000 ) | - | (75,000 )
As at 31 December 2025 | 45,000 | 62,281 | 107,281
Depreciation
As at 1 January 2025 | - | 2,545 | 2,545
Provided during the period | - | 8,380 | 8,380
As at 31 December 2025 | - | 10,925 | 10,925
Net Book Value
As at 31 December 2025 | 45,000 | 51,356 | 96,356
As at 1 January 2025 | 120,000 | 59,736 | 179,736

5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 January 2025 | 981,310
Additions | 20,226
As at 31 December 2025 | 1,001,536

6. Investments

| Unlisted
--- | ---
| £
Cost or Valuation
As at 1 January 2025 | 14,211,578
Additions | 265,250
Disposals | (218,874 )
As at 31 December 2025 | 14,257,954
Provision
As at 1 January 2025 | -
As at 31 December 2025 | -
Net Book Value
As at 31 December 2025 | 14,257,954
As at 1 January 2025 | 14,211,578

Page 4
Page 5
Forrest Securities Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 68,893 |  | 89,105
Morton loan | 243,695 |  | 250,000
Forrest Hotels Ltd loan debtor | - |  | 3,000,000
VAT recoverable | - |  | 17,728
Corporation tax recoverable | 127,620 |  | -
| 440,208 |  | 3,356,833

The loans above, on which interest is being charged, are unsecured and repayable on demand.
8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 187 |  | 55,003
Corporation tax | - |  | 40,476
Other taxes and social security | 8,893 |  | 3,355
VAT | 24,695 |  | -
Rental deposit creditor | 1,400 |  | 1,400
Forrest Developments Holdings Ltd loan | 65,000 |  | 65,000
Forrest Hotels Ltd loan | 822,724 |  | 822,724
Forrest Real Investments Ltd loan | 650,000 |  | 1,000,000
Accruals and deferred income | 17,016 |  | 22,586
Directors' loan accounts | 870,002 |  | 8,832,803
| 2,459,917 |  | 10,843,347

The director's loan is unsecured, interest free and repayable on demand, as is the Forrest Development Holdings Ltd loan.
The other loans are unsecured, interest bearing and repayable on demand.
9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 12,184,019 |  | 12,184,019

Page 5