Acorah Software Products - Accounts Production 19.1.200 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 05401792 Mr Carl Hutchings Ms Samira Fekini iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05401792 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2025-03-31 05401792 2024-03-31 05401792 2025-03-31 05401792 2024-04-01 2025-03-31 05401792 frs-core:CurrentFinancialInstruments 2025-03-31 05401792 frs-core:Non-currentFinancialInstruments 2025-03-31 05401792 frs-core:BetweenOneFiveYears 2025-03-31 05401792 frs-core:InvestmentPropertyIncludedWithinPPE 2025-03-31 05401792 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-01 2025-03-31 05401792 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 05401792 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 05401792 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 05401792 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 05401792 frs-core:MoreThanFiveYears 2025-03-31 05401792 frs-core:PlantMachinery 2025-03-31 05401792 frs-core:PlantMachinery 2024-04-01 2025-03-31 05401792 frs-core:PlantMachinery 2024-03-31 05401792 frs-core:WithinOneYear 2025-03-31 05401792 frs-core:ShareCapital 2025-03-31 05401792 frs-core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 05401792 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-03-31 05401792 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 05401792 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05401792 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 05401792 frs-bus:SmallEntities 2024-04-01 2025-03-31 05401792 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05401792 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05401792 frs-bus:OrdinaryShareClass1 2024-04-01 2025-03-31 05401792 frs-bus:OrdinaryShareClass1 2025-03-31 05401792 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 05401792 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 05401792 frs-bus:Director1 2024-04-01 2025-03-31 05401792 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 05401792 frs-countries:EnglandWales 2024-04-01 2025-03-31 05401792 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-03-31 05401792 2023-03-31 05401792 2024-03-31 05401792 2023-04-01 2024-03-31 05401792 frs-core:CurrentFinancialInstruments 2024-03-31 05401792 frs-core:Non-currentFinancialInstruments 2024-03-31 05401792 frs-core:BetweenOneFiveYears 2024-03-31 05401792 frs-core:MoreThanFiveYears 2024-03-31 05401792 frs-core:WithinOneYear 2024-03-31 05401792 frs-core:ShareCapital 2024-03-31 05401792 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05401792 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 05401792 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31
Registered number: 05401792
The YRD Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 05401792
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,343,876 1,347,262
1,343,876 1,347,262
CURRENT ASSETS
Debtors 5 344,478 338,043
Cash at bank and in hand 145 1
344,623 338,044
Creditors: Amounts Falling Due Within One Year 6 (99,142 ) (82,625 )
NET CURRENT ASSETS (LIABILITIES) 245,481 255,419
TOTAL ASSETS LESS CURRENT LIABILITIES 1,589,357 1,602,681
Creditors: Amounts Falling Due After More Than One Year 7 (1,031,688 ) (1,031,634 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (86,488 ) (88,988 )
NET ASSETS 471,181 482,059
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Fair value reserve 11 574,360 574,360
Income Statement (104,179 ) (93,301 )
SHAREHOLDERS' FUNDS 471,181 482,059
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Mr Carl Hutchings
Director
29th April 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The YRD Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05401792 . The registered office is 82 Wandsworth Bridge Road, London, SW6 2TF.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rents receivable on a straight line basis and fees for property management and related services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Leasehold over remaining 7.25 year lease term
Plant & Machinery 25% reducing balance
2.4. 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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 profit.
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 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.
...CONTINUED
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2.6. Taxation - continued
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: 3 (2024: 2)
3 2
4. Tangible Assets
Land & Property
Leasehold Investment Properties Plant & Machinery Total
£ £ £ £
Cost or Valuation
As at 1 April 2024 24,489 1,325,000 2,164 1,351,653
As at 31 March 2025 24,489 1,325,000 2,164 1,351,653
Depreciation
As at 1 April 2024 2,252 - 2,139 4,391
Provided during the period 3,378 - 8 3,386
As at 31 March 2025 5,630 - 2,147 7,777
Net Book Value
As at 31 March 2025 18,859 1,325,000 17 1,343,876
As at 1 April 2024 22,237 1,325,000 25 1,347,262
Cost or valuation as at 31 March 2025 represented by:
Land & Property
Leasehold Investment Properties Plant & Machinery Total
£ £ £ £
At cost 24,489 661,664 2,164 688,317
At valuation - 663,336 - 663,336
24,489 1,325,000 2,164 1,351,653
The investment properties have been valued by the company director at the year end.
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If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:
Investment Properties
£
Cost 661,664
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 344,478 338,043
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 7,050 5,468
Bank loans and overdrafts 5,661 5,789
Corporation tax 474 3,479
Other taxes and social security 37 -
Other creditors 9,175 9,175
Accruals and deferred income 3,659 10,315
Director's loan account 73,086 48,399
99,142 82,625
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,031,688 1,031,634
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2025 2024
£ £
Bank loans 1,001,914 1,003,518
8. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 993,517 993,561
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9. Share Capital
2025 2024
Allotted, called up and fully paid £ £
1,000 Ordinary Shares of £ 1.000 each 1,000 1,000
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 27,500 27,500
Later than one year and not later than five years 110,000 110,000
Later than five years 16,041 43,542
153,541 181,042
11. Reserves
Fair value reserve Income Statement
£ £
As at 1 April 2024 574,360 (93,301 )
Loss for the year and total comprehensive income - (10,878 )
As at 31 March 2025 574,360 (104,179 )
12. Related Party Transactions
The DirectorThe company has managed a property let for the director and charged fees of £2,100 during the year. The director has lent sums to the company on an interest free basis with no fixed date for repayment. The balance owed to the director at 31 March 2025 amounted to £73,086 (2024 £48,399).

The Director

The company has managed a property let for the director and charged fees of £2,100 during the year. The director has lent sums to the company on an interest free basis with no fixed date for repayment. The balance owed to the director at 31 March 2025 amounted to £73,086 (2024 £48,399).

Elite SPV1 LimitedThe company's director and shareholder has a significant interest in Elite SPV1 LimitedThe company charged fees to Elite SPV1 Limited during the year of £12,000. The company has a loan balance with Elite SPV1 Limited on an interest free and unsecured basis which is repayable on demand. At 31 March 2025 the amount owed from Elite SPV1 Limited was £337,603 (2024: £328,163).

Elite SPV1 Limited

The company's director and shareholder has a significant interest in Elite SPV1 Limited

The company charged fees to Elite SPV1 Limited during the year of £12,000. The company has a loan balance with Elite SPV1 Limited on an interest free and unsecured basis which is repayable on demand. At 31 March 2025 the amount owed from Elite SPV1 Limited was £337,603 (2024: £328,163).

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