Acorah Software Products - Accounts Production 16.8.310 false true true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 12135834 Miss Kara McKee Mr Scott Ewart iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12135834 2024-04-30 12135834 2025-04-30 12135834 2024-05-01 2025-04-30 12135834 frs-core:CurrentFinancialInstruments 2025-04-30 12135834 frs-core:Non-currentFinancialInstruments 2025-04-30 12135834 frs-core:ComputerEquipment 2025-04-30 12135834 frs-core:ComputerEquipment 2024-05-01 2025-04-30 12135834 frs-core:ComputerEquipment 2024-04-30 12135834 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 12135834 frs-core:MotorVehicles 2025-04-30 12135834 frs-core:MotorVehicles 2024-05-01 2025-04-30 12135834 frs-core:MotorVehicles 2024-04-30 12135834 frs-core:ShareCapital 2025-04-30 12135834 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 12135834 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 12135834 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 12135834 frs-bus:SmallEntities 2024-05-01 2025-04-30 12135834 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 12135834 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 12135834 frs-core:UnlistedNon-exchangeTraded 2025-04-30 12135834 frs-core:UnlistedNon-exchangeTraded 2024-04-30 12135834 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-04-30 12135834 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-04-30 12135834 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-04-30 12135834 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-04-30 12135834 frs-bus:Director1 2024-05-01 2025-04-30 12135834 frs-bus:Director2 2024-05-01 2025-04-30 12135834 frs-countries:EnglandWales 2024-05-01 2025-04-30 12135834 2023-04-30 12135834 2024-04-30 12135834 2023-05-01 2024-04-30 12135834 frs-core:CurrentFinancialInstruments 2024-04-30 12135834 frs-core:Non-currentFinancialInstruments 2024-04-30 12135834 frs-core:ShareCapital 2024-04-30 12135834 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 12135834
Discovery Investment Group Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Insight Tax & Accountancy
Discovery Investment Group Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Discovery Investment Group Limited
Balance Sheet
As At 30 April 2025
Balance Sheet
Registered number: 12135834

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 17,910 |  | 21,070
Investment Properties | 5 |  | 2,050,000 |  | 2,040,850
Investments | 6 |  | 713,833 |  | 713,833
|  |  | 2,781,743 |  | 2,775,753
CURRENT ASSETS
Debtors | 7 | 24,137 |  | 10,000 |
Cash at bank and in hand |  | 15,838 |  | 82,787 |
|  | 39,975 |  | 92,787 |
Creditors: Amounts Falling Due Within One Year | 8 | (390,629 ) |  | (272,742 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (350,654 ) |  | (179,955 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,431,089 |  | 2,595,798
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (2,534,230 ) |  | (2,488,385 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 11 |  | (37,110 ) |  | -
NET (LIABILITIES)/ASSETS |  |  | (140,251 ) |  | 107,413
CAPITAL AND RESERVES
Called up share capital | 12 |  | 100 |  | 100
Profit and Loss Account |  |  | (140,351 ) |  | 107,313
SHAREHOLDERS' FUNDS |  |  | (140,251) |  | 107,413

Page 1
Page 2
Discovery Investment Group Limited
Balance Sheet (continued)
As At 30 April 2025
For the year ending 30 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 Profit and Loss Account.
On behalf of the board

Mr Scott Ewart Director
16/03/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Discovery Investment Group Limited
Notes to the Financial Statements
For The Year Ended 30 April 2025
Notes to the Financial Statements
1. General Information
Discovery Investment Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12135834 . The registered office is 33 St James's Square, London, SW14 4JS.
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. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. The company incurred a loss of £180,480 during the year and had net liabilities of £73,067 at the balance sheet date.
The directors have considered cash flow forecasts, ongoing rental income, and continued support from lenders and investors. Based on this assessment, they are satisfied that the company will be able to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements.
2.3. Turnover
Turnover is measured at the fair value of consideration received or receivable, net of VAT.
Rental income is recognised on a straight-line basis over the lease term.
Income from assisted sales is recognised when the service has been provided and the company is entitled to payment.
2.4. 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 | 15% reducing
Motor Vehicles | 15% reducing
Computer Equipment | 15% reducing

2.5. 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 profit and loss account.
2.6. 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.
Page 3
Page 4
Discovery Investment Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets

| Motor Vehicles | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost or Valuation
As at 1 May 2024 | 16,794 | 7,994 | 24,788
As at 30 April 2025 | 16,794 | 7,994 | 24,788
Depreciation
As at 1 May 2024 | 2,519 | 1,199 | 3,718
Provided during the period | 2,141 | 1,019 | 3,160
As at 30 April 2025 | 4,660 | 2,218 | 6,878
Net Book Value
As at 30 April 2025 | 12,134 | 5,776 | 17,910
As at 1 May 2024 | 14,275 | 6,795 | 21,070

5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 May 2024 | 2,040,850
Revaluations | 9,150
As at 30 April 2025 | 2,050,000

Investment properties are stated at fair value, which has been determined by the directors based on their knowledge of the property market and recent comparable market transactions. The valuation was carried out as at 30 April 2025.
6. Investments

| Unlisted
--- | ---
| £
Cost or Valuation
As at 1 May 2024 | 713,833
As at 30 April 2025 | 713,833
Provision
As at 1 May 2024 | -
As at 30 April 2025 | -
Net Book Value
As at 30 April 2025 | 713,833
As at 1 May 2024 | 713,833

The company holds investments in unlisted companies.
Page 4
Page 5
Discovery Investment Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025
7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 24,137 |  | 10,000

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 1,572 |  | 1,571
Other loans | 80,316 |  | -
Other creditors | 282,212 |  | 254,319
Taxation and social security | 26,529 |  | 16,852
| 390,629 |  | 272,742

9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 729,170 |  | 604,539
Other creditors | 1,805,060 |  | 1,883,846
| 2,534,230 |  | 2,488,385

Included within creditors falling due after more than one year is an amount of £1,805,060 (2024: £1,883,846) relating to investor loan notes, managed by Scott & MacLoad. The notes were entered into across the periods 2021 to 2024 with various investors. Interest is charged at rates between 3% and 6% per annum depending on the terms of each individual agreement. Agreement terms range from 1 to 5 years, with certain notes on a rolling basis.
During the year, a repayment of £78,786 was made to one investor in settlement of their loan note.
10. Secured Creditors
Included within creditors are the following secured liabilities:
The company’s bank loans of £729,170 (2024: £604,539) are secured by way of standard securities (fixed charges under Scottish law) granted over investment properties owned by the company, all of which are registered in the Land Register of Scotland. These secured amounts relate solely to bank loans included within creditors falling due after more than one year.
Aldermore Bank PLC holds four standard securities over the following properties: 24 Mauchline, East Kilbride, Glasgow, G74 3RZ; 20 Mauchline, East Kilbride, Glasgow, G74 3RZ; 12 Farndale, East Kilbride, Glasgow, G74 4QS; and 12 Jervis Terrace, East Kilbride, Glasgow, G75 8HE.
Precise Mortgages holds two standard securities over the following properties: 44 Riccarton, East Kilbride, Glasgow, G75 9BY; and 45 Owen Avenue, East Kilbride, Glasgow, G75 9AH.
All six securities remain outstanding as at 30 April 2025. The investment properties over which these securities are granted are carried in the balance sheet at a fair value of £2,050,000 (2024: £2,040,850).
11. Deferred Taxation
The provision for deferred tax is made up as follows:
Deferred tax has been recognised on timing differences arising from accelerated capital allowances. These differences arise where capital allowances claimed for tax purposes exceed depreciation charged in the financial statements.
Deferred tax has been calculated using a tax rate of 25% (2024: 19%), being the rate substantively enacted at the balance sheet date.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other timing differences | 37,110 |  | -

Page 5
Page 6
Discovery Investment Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025
12. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

Page 6