Acorah Software Products - Accounts Production 19.2.350 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 SC042419 Mr John MacQueen Mr Anthony Kenning Mr Mark Robertson Mr Ross Skinner Mr Angus MacLeod Mr Aaron McLean Mr David Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC042419 2024-12-31 SC042419 2025-12-31 SC042419 2025-01-01 2025-12-31 SC042419 frs-core:CurrentFinancialInstruments 2025-12-31 SC042419 frs-core:Non-currentFinancialInstruments 2025-12-31 SC042419 frs-core:ComputerEquipment 2025-12-31 SC042419 frs-core:ComputerEquipment 2025-01-01 2025-12-31 SC042419 frs-core:ComputerEquipment 2024-12-31 SC042419 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 SC042419 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-12-31 SC042419 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 SC042419 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 SC042419 frs-core:PlantMachinery 2025-12-31 SC042419 frs-core:PlantMachinery 2025-01-01 2025-12-31 SC042419 frs-core:PlantMachinery 2024-12-31 SC042419 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 SC042419 frs-bus:CompanyLimitedByGuarantee 2025-01-01 2025-12-31 SC042419 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 SC042419 frs-bus:SmallEntities 2025-01-01 2025-12-31 SC042419 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 SC042419 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 SC042419 frs-bus:Director1 2025-01-01 2025-12-31 SC042419 frs-bus:Director2 2025-01-01 2025-12-31 SC042419 frs-bus:Director3 2025-01-01 2025-12-31 SC042419 frs-bus:Director4 2025-01-01 2025-12-31 SC042419 frs-bus:Director5 2025-01-01 2025-12-31 SC042419 frs-bus:Director6 2025-01-01 2025-12-31 SC042419 frs-bus:Director7 2025-01-01 2025-12-31 SC042419 frs-countries:Scotland 2025-01-01 2025-12-31 SC042419 2023-12-31 SC042419 2024-12-31 SC042419 2024-01-01 2024-12-31 SC042419 frs-core:CurrentFinancialInstruments 2024-12-31 SC042419 frs-core:Non-currentFinancialInstruments 2024-12-31 SC042419 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: SC042419
MNWFA Property Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
M Squared Accountants Ltd
MNWFA Property Limited
Contents
Contents

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

Page 1
MNWFA Property Limited
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: SC042419

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 422,322 |  | 434,905
|  |  | 422,322 |  | 434,905
CURRENT ASSETS
Debtors | 5 | 19,567 |  | 14,949 |
Cash at bank and in hand |  | 48,233 |  | 39,597 |
|  | 67,800 |  | 54,546 |
Creditors: Amounts Falling Due Within One Year | 6 | (12,394 ) |  | (11,586 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 55,406 |  | 42,960
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 477,728 |  | 477,865
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (202,823 ) |  | (209,366 )
NET ASSETS |  |  | 274,905 |  | 268,499
Income and Expenditure Account |  |  | 274,905 |  | 268,499
MEMBERS' FUNDS |  |  | 274,905 |  | 268,499

Page 1
Page 2
MNWFA Property Limited
Balance Sheet (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 and Expenditure Account.
On behalf of the board

Mr Ross Skinner Director
11/04/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
MNWFA Property Limited
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
MNWFA Property Limited is a private company, limited by guarantee, incorporated in Scotland, registered number SC042419 . The registered office is Harbour Offices, Mallaig, Inverness, Inverness-shire, PH41 4QB.
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 the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form 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 stated at cost less depreciation. 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 | 2% on cost
Leasehold | 2% on cost
Plant & Machinery | 25% reducing balance
Computer Equipment | 33% on cost

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.
Page 3
Page 4
MNWFA Property Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.5. Government Grant
Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned.
All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was:

| 2025 |  | 2024
--- | --- | --- | ---
Office and administration | 1 |  | 1
| 1 |  | 1

4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Computer Equipment | Total
| £ | £ | £ | £
Cost
As at 1 January 2025 | 658,324 | 5,084 | 7,567 | 670,975
Additions | - | - | 725 | 725
As at 31 December 2025 | 658,324 | 5,084 | 8,292 | 671,700
Depreciation
As at 1 January 2025 | 223,822 | 4,681 | 7,567 | 236,070
Provided during the period | 13,166 | 102 | 40 | 13,308
As at 31 December 2025 | 236,988 | 4,783 | 7,607 | 249,378
Net Book Value
As at 31 December 2025 | 421,336 | 301 | 685 | 422,322
As at 1 January 2025 | 434,502 | 403 | - | 434,905

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 4,703 |  | 2,745
Prepayments and accrued income | 2,251 |  | 2,087
Intercompany - MNWFA Ltd | 12,613 |  | 10,117
| 19,567 |  | 14,949

Page 4
Page 5
MNWFA Property Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 151 |  | 571
Corporation tax | 2,869 |  | 1,612
VAT | 1,246 |  | 1,305
Accruals | 1,585 |  | 1,555
Government grants within one year | 6,543 |  | 6,543
| 12,394 |  | 11,586

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

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Government grants after one year | 202,823 |  | 209,366

8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 5