Acorah Software Products - Accounts Production 19.2.350 false true 30 November 2024 1 December 2023 false 1 December 2024 30 November 2025 30 November 2025 SC283943 Mrs J P Rendall Mr J N Rendall Miss E A Rendall Mrs J P Rendall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC283943 2024-11-30 SC283943 2025-11-30 SC283943 2024-12-01 2025-11-30 SC283943 frs-core:PlantMachinery 2024-12-01 2025-11-30 SC283943 frs-core:ShareCapital 2025-11-30 SC283943 frs-core:RetainedEarningsAccumulatedLosses 2025-11-30 SC283943 frs-bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 SC283943 frs-bus:AbridgedAccounts 2024-12-01 2025-11-30 SC283943 frs-bus:SmallEntities 2024-12-01 2025-11-30 SC283943 frs-bus:AuditExempt-NoAccountantsReport 2024-12-01 2025-11-30 SC283943 frs-bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 SC283943 frs-core:CostValuation 2024-11-30 SC283943 frs-core:CostValuation 2025-11-30 SC283943 frs-bus:Director1 2024-12-01 2025-11-30 SC283943 frs-bus:Director2 2024-12-01 2025-11-30 SC283943 frs-bus:Director3 2024-12-01 2025-11-30 SC283943 frs-bus:CompanySecretary1 2024-12-01 2025-11-30 SC283943 frs-countries:Scotland 2024-12-01 2025-11-30 SC283943 2023-11-30 SC283943 2024-11-30 SC283943 2023-12-01 2024-11-30 SC283943 frs-core:ShareCapital 2024-11-30 SC283943 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30
Registered number: SC283943
Holland Papay Ltd
ABRIDGED Financial Statements
For The Year Ended 30 November 2025
Orcadia
1-3 East Road
Kirkwall
Orkney
KW15 1HZ
Holland Papay Ltd
Contents
Contents

| Page
--- | ---
Abridged Balance Sheet | 1—2
Notes to the Abridged Financial Statements | 3—6

Page 1
Holland Papay Ltd
Abridged Balance Sheet
As At 30 November 2025
Abridged Balance Sheet
Registered number: SC283943

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 87,392 |  | 104,831
Investments | 5 |  | 150,000 |  | 150,000
|  |  | 237,392 |  | 254,831
CURRENT ASSETS
Stocks |  | 96,532 |  | 93,341 |
Debtors |  | 17,768 |  | 11,383 |
Cash at bank and in hand |  | 192,320 |  | 129,512 |
|  | 306,620 |  | 234,236 |
Creditors: Amounts Falling Due Within One Year |  | (53,667 ) |  | (49,939 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 252,953 |  | 184,297
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 490,345 |  | 439,128
NET ASSETS |  |  | 490,345 |  | 439,128
CAPITAL AND RESERVES
Called up share capital | 6 |  | 53 |  | 53
Profit and Loss Account |  |  | 490,292 |  | 439,075
SHAREHOLDERS' FUNDS |  |  | 490,345 |  | 439,128

Page 1
Page 2
Holland Papay Ltd
Abridged Balance Sheet (continued)
As At 30 November 2025
For the year ending 30 November 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 Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 November 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board

Mr J N Rendall Director
7 May 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Holland Papay Ltd
Notes to the Abridged Financial Statements
For The Year Ended 30 November 2025
Notes to the Abridged Financial Statements
1. General Information
Holland Papay Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC283943 . The registered office is Micklegarth, Papa Westary, Orkney, KW17 2BU.
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.
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 | 15% on reducing balance

2.4. Stocks and Work in Progress
Livestock and crop are valued at a percentage of market value, with purchased animals valued at cost. Other stocks are valued at the lower of cost or net realisable value.
Page 3
Page 4
Holland Papay Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended 30 November 2025
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors re initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
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 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.
...CONTINUED
Page 4
Page 5
Holland Papay Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended 30 November 2025
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 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.
2.7. Government Grant
Government grants are recognised in the profit and loss 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 profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss 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 profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss 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: 3 (2024: 3)
3 3
4. Tangible Assets

| Total
--- | ---
| £
Cost
As at 1 December 2024 | 296,407
Additions | 1,232
As at 30 November 2025 | 297,639
Depreciation
As at 1 December 2024 | 191,576
Provided during the period | 18,671
As at 30 November 2025 | 210,247
Net Book Value
As at 30 November 2025 | 87,392
As at 1 December 2024 | 104,831

Page 5
Page 6
Holland Papay Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended 30 November 2025
5. Investments

| Total
--- | ---
| £
Cost or Valuation
As at 1 December 2024 | 150,000
As at 30 November 2025 | 150,000
Provision
As at 1 December 2024 | -
As at 30 November 2025 | -
Net Book Value
As at 30 November 2025 | 150,000
As at 1 December 2024 | 150,000

6. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 53 |  | 53

Page 6