Acorah Software Products - Accounts Production 18.1.200 false true true 31 December 2023 1 January 2023 false 20 April 2026 1 January 2024 31 December 2024 31 December 2024 12417348 Mr Niall Carroll Mrs Holly Corfield-Moore Mr Max Corfield-Moore Mr Steven Corfield-Moore true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12417348 2023-12-31 12417348 2024-12-31 12417348 2024-01-01 2024-12-31 12417348 frs-core:CurrentFinancialInstruments 2024-12-31 12417348 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 12417348 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12417348 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 12417348 frs-core:ShareCapital 2024-12-31 12417348 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12417348 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12417348 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12417348 frs-bus:SmallEntities 2024-01-01 2024-12-31 12417348 frs-bus:Audited 2024-01-01 2024-12-31 12417348 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12417348 1 2024-01-01 2024-12-31 12417348 frs-bus:Director1 2024-01-01 2024-12-31 12417348 frs-bus:Director2 2024-01-01 2024-12-31 12417348 frs-bus:Director3 2024-01-01 2024-12-31 12417348 frs-bus:Director4 2024-01-01 2024-12-31 12417348 frs-countries:EnglandWales 2024-01-01 2024-12-31 12417348 2022-12-31 12417348 2023-12-31 12417348 2023-01-01 2023-12-31 12417348 frs-core:CurrentFinancialInstruments 2023-12-31 12417348 frs-core:ShareCapital 2023-12-31 12417348 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 12417348
Serious Sound Stage Ltd
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 12417348
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,954,581 -
3,954,581 -
CURRENT ASSETS
Debtors 5 114,359 -
Cash at bank and in hand - 100
114,359 100
Creditors: Amounts Falling Due Within One Year 6 (4,029,894 ) -
NET CURRENT ASSETS (LIABILITIES) (3,915,535 ) 100
TOTAL ASSETS LESS CURRENT LIABILITIES 39,046 100
NET ASSETS 39,046 100
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 38,946 -
SHAREHOLDERS' FUNDS 39,046 100
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 Max Corfield-Moore
Director
20 April 2026
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Serious Sound Stage Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12417348 . The registered office is Tor Hill Works, Tor Hill, Wells, BA5 3NT.
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 ability of the Company to continue to meet its liabilities as they fall due is dependent upon the financial support of parent company, Serious International Ltd. The directors have received confirmation from the parent of their commitment to provide financial support for the period covering at least the next 12 months. On this basis, the directors of the Company have concluded that there are no material uncertainties that may cast doubt on the Company's ability to continue as a going concern, and have therefore prepared these financial statements on a going concern basis. 
2.3. Turnover
Turnover represents rental income receivable from the leasing of land and property, recognised in the period to which it relates in accordance with the terms of the relevant lease agreements. 
2.4. Tangible Fixed Assets and Depreciation
Land is included within tangible fixed assets and is stated at cost less any accumulated impairment losses.
Cost comprises the purchase price and any directly attributable costs necessary to bring the land to its working condition for its intended use, including legal fees, stamp duty land tax, professional fees, and site preparation costs.
Land is considered to have an indefinite useful economic life and therefore is not depreciated.
Land N/A
2.5. 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: 4 (2023: 4)
4 4
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Page 3
4. Tangible Assets
Land & Property
Land
£
Cost
As at 1 January 2024 -
Additions 3,954,581
As at 31 December 2024 3,954,581
Net Book Value
As at 31 December 2024 3,954,581
As at 1 January 2024 -
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 59,415 -
Amounts owed by Related Parties 54,944 -
114,359 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 16,357 -
Other creditors 803,999 -
Accruals and deferred income 12,367 -
Amounts owed to group undertakings 3,197,171 -
4,029,894 -
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
100 Ordinary shares of £1.00 each.
The Ordinary shares have full rights regarding voting, payment of dividends and distribution.
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8. Related Party Disclosures
The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.
During the year the Company entered into a long-term lease over land owned by a related party. An initial lease premium of £3,000,000 was paid during the year. Under the lease agreement, the Company would be required to pay further lease premium payments in order to secure the land.
During the year, the Company recognised income of £65,400 arising from arrangements relating to the leased land.
At the balance sheet date, £54,944 was due from a related party.
9. Controlling Parties
The company's immediate and ultimate parent undertaking is Serious International Ltd (incorporated in England & Wales). Its registered office is Tor Hill Works, TorHill, Wells, Somerset, BA5 3NT. Copies of the group accounts may be obtained from the company's registered office.
10. Audit Information
The auditor's report on the accounts of Serious Sound Stage Ltd for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Mark Bishop FCA (Senior Statutory Auditor) for and on behalf of S&W Audit , Statutory Auditor.
S&W Audit
Statutory Auditor & Chartered Accountants
45 Gresham Street
London
EC2V 7BG
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