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Registered number: 11582203
Mortimer Rose Wealth Management Limited
Unaudited Financial Statements
For The Year Ended 30 September 2025
Indigo Green Accountants Limited
Chartered Accountants
The Boar Shed
Shirlheath
Kingsland
Herefordshire
HR6 9RJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11582203
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 125,029 -
Tangible Assets 5 1,936 631
126,965 631
CURRENT ASSETS
Debtors 6 52,105 22,116
Cash at bank and in hand 10,264 15
62,369 22,131
Creditors: Amounts Falling Due Within One Year 7 (47,973 ) (14,763 )
NET CURRENT ASSETS (LIABILITIES) 14,396 7,368
TOTAL ASSETS LESS CURRENT LIABILITIES 141,361 7,999
Creditors: Amounts Falling Due After More Than One Year 8 (135,174 ) (1,950 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (161 ) (120 )
NET ASSETS 6,026 5,929
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account 6,025 5,928
SHAREHOLDERS' FUNDS 6,026 5,929
Page 1
Page 2
For the year ending 30 September 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 her 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
Mrs Jade Stock
Director
2 May 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Mortimer Rose Wealth Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11582203 . The registered office is Court Barn, Lingen, Bucknell, Shropshire, SY7 0DY.
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 from the rendering of 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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 6 years.
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:
Fixtures & Fittings 33% Straight Line
Computer Equipment 33% Straight Line
2.5. Financial Instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year or on demand are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss in other operating expenses.
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in nonconvertible preference and non puttable ordinary shares which are measured at fair value, with changes recognised in the profit and loss. Derivative financial instruments are intially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Directors loans are recognised at transaction price.
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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.
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.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2024 -
Additions 150,035
As at 30 September 2025 150,035
...CONTINUED
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Amortisation
As at 1 October 2024 -
Provided during the period 25,006
As at 30 September 2025 25,006
Net Book Value
As at 30 September 2025 125,029
As at 1 October 2024 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 October 2024 498 2,459 2,957
Additions 338 1,845 2,183
As at 30 September 2025 836 4,304 5,140
Depreciation
As at 1 October 2024 194 2,132 2,326
Provided during the period 269 609 878
As at 30 September 2025 463 2,741 3,204
Net Book Value
As at 30 September 2025 373 1,563 1,936
As at 1 October 2024 304 327 631
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 390 884
Prepayments and accrued income 51,715 21,232
52,105 22,116
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,215 6,135
Bank loans and overdrafts 9,302 4,054
Corporation tax 24,050 3,056
Other taxes and social security 860 836
Other creditors 5,871 290
Accruals and deferred income 4,632 144
Director's loan account 43 248
47,973 14,763
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 135,174 1,950
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2025 2024
£ £
Bank loans 78,761 -
9. Contingent Assets
An additional £37,509 is payable in consideration of the goodwill aquired during the period, contingent on not more than 20% of the aquired client base being lost within 18 months of the aquisition date. While management considers it probable that this benefit will be realised through the successful completion of the retention period, it has not been recognised as an asset in the financial statements as the outcome is dependent on future events not wholly within the control of the company.
10. Contingent Liabilities
The company has a potential obligation to pay the remaining 20% of the purchase price, amounting to £37,509, to the vendor of the acquired business. This payment is contingent upon the retention of at least 80% of the acquired client base over the same 18-month period. As the performance criteria were not fully satisfied at the reporting date, and the final outcome remains uncertain, no provision has been recognised in these financial statements.
11. Pension Commitments
At the balance sheet date unpaid pension contributions of £288 (2024 - £271) were due. They are included in Other Creditors.
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