Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 04863154 Mr Kevin Nathan Hill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04863154 2025-03-31 04863154 2026-03-31 04863154 2025-04-01 2026-03-31 04863154 frs-core:CurrentFinancialInstruments 2026-03-31 04863154 frs-core:ComputerEquipment 2026-03-31 04863154 frs-core:ComputerEquipment 2025-04-01 2026-03-31 04863154 frs-core:ComputerEquipment 2025-03-31 04863154 frs-core:FurnitureFittings 2026-03-31 04863154 frs-core:FurnitureFittings 2025-04-01 2026-03-31 04863154 frs-core:FurnitureFittings 2025-03-31 04863154 frs-core:PlantMachinery 2025-04-01 2026-03-31 04863154 frs-core:ShareCapital 2026-03-31 04863154 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 04863154 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 04863154 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 04863154 frs-bus:SmallEntities 2025-04-01 2026-03-31 04863154 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 04863154 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 04863154 frs-core:CostValuation 2025-03-31 04863154 frs-core:AdditionsToInvestments 2026-03-31 04863154 frs-core:DisposalsRepaymentsInvestments 2026-03-31 04863154 frs-core:RevaluationsIncreaseDecreaseInInvestments 2026-03-31 04863154 frs-core:CostValuation 2026-03-31 04863154 frs-core:ListedExchangeTraded 2026-03-31 04863154 frs-core:ListedExchangeTraded 2025-03-31 04863154 frs-core:CostValuation frs-core:ListedExchangeTraded 2025-03-31 04863154 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2026-03-31 04863154 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2026-03-31 04863154 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2026-03-31 04863154 frs-core:CostValuation frs-core:ListedExchangeTraded 2026-03-31 04863154 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2025-03-31 04863154 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2026-03-31 04863154 frs-core:UnlistedNon-exchangeTraded 2026-03-31 04863154 frs-core:UnlistedNon-exchangeTraded 2025-03-31 04863154 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-03-31 04863154 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2026-03-31 04863154 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2026-03-31 04863154 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2026-03-31 04863154 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2026-03-31 04863154 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 04863154 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2026-03-31 04863154 frs-bus:Director1 2025-04-01 2026-03-31 04863154 frs-countries:EnglandWales 2025-04-01 2026-03-31 04863154 2024-03-31 04863154 2025-03-31 04863154 2024-04-01 2025-03-31 04863154 frs-core:CurrentFinancialInstruments 2025-03-31 04863154 frs-core:ShareCapital 2025-03-31 04863154 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: 04863154
Qi3 Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Qi3 Limited
Contents
Contents

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

Page 1
Qi3 Limited
Balance Sheet
As At 31 March 2026
Balance Sheet
Registered number: 04863154

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investments | 5 |  | 687,284 |  | 610,627
|  |  | 687,284 |  | 610,627
CURRENT ASSETS
Debtors | 6 | 520,607 |  | 531,953 |
Cash at bank and in hand |  | 45,727 |  | 35,096 |
|  | 566,334 |  | 567,049 |
Creditors: Amounts Falling Due Within One Year | 7 | (2,712 ) |  | (16,205 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 563,622 |  | 550,844
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,250,906 |  | 1,161,471
NET ASSETS |  |  | 1,250,906 |  | 1,161,471
CAPITAL AND RESERVES
Called up share capital | 8 |  | 1 |  | 1
Profit and Loss Account |  |  | 1,250,905 |  | 1,161,470
SHAREHOLDERS' FUNDS |  |  | 1,250,906 |  | 1,161,471

Page 1
Page 2
Qi3 Limited
Balance Sheet (continued)
As At 31 March 2026
For the year ending 31 March 2026 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 Kevin Nathan Hill Director
24/04/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Qi3 Limited
Notes to the Financial Statements
For The Year Ended 31 March 2026
Notes to the Financial Statements
1. General Information
Qi3 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04863154 . The registered office is St. John's Innovation Centre, St Johns Innovation Park, Cowley Road, Cambridge, CB4 0WS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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. 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 | 50%
Fixtures & Fittings | 50%
Computer Equipment | 50%

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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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 as follows:2 2 (2025: 2)
2 2
Page 3
Page 4
Qi3 Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
4. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2025 | 11,042 | 35,109 | 46,151
As at 31 March 2026 | 11,042 | 35,109 | 46,151
Depreciation
As at 1 April 2025 | 11,042 | 35,109 | 46,151
As at 31 March 2026 | 11,042 | 35,109 | 46,151
Net Book Value
As at 31 March 2026 | - | - | -
As at 1 April 2025 | - | - | -

5. Investments

| Listed | Unlisted | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2025 | 151,991 | 458,636 | 610,627
Additions | 162 | 107,500 | 107,662
Disposals | (55,358 ) | (39,705 ) | (95,063 )
Revaluations | 64,058 | - | 64,058
As at 31 March 2026 | 160,853 | 526,431 | 687,284
Provision
As at 1 April 2025 | - | - | -
As at 31 March 2026 | - | - | -
Net Book Value
As at 31 March 2026 | 160,853 | 526,431 | 687,284
As at 1 April 2025 | 151,991 | 458,636 | 610,627

6. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | - |  | 7,200
Other debtors | 520,607 |  | 524,753
| 520,607 |  | 531,953

Page 4
Page 5
Qi3 Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
7. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Trade creditors | 33 |  | 406
Other taxes and social security | 683 |  | 1,261
VAT | 70 |  | 3,001
Net wages | - |  | 1,520
Accruals and deferred income | 1,926 |  | 10,017
| 2,712 |  | 16,205

8. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

9. Related Party Transactions
Other debtors included a loan of £516,000 to Honest Grapes Ltd, a company incorporated in England & Wales in which K N Hill is the main shareholder.
Page 5