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 12396502 Mr Peter Guilford Mr Hans Kribbe Mr Toby Orr Mr Timothy Price Mr Charles Stewart-Smith false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12396502 2024-12-31 12396502 2025-12-31 12396502 2025-01-01 2025-12-31 12396502 frs-core:CurrentFinancialInstruments 2025-12-31 12396502 frs-core:Non-currentFinancialInstruments 2025-12-31 12396502 frs-core:ComputerEquipment 2025-12-31 12396502 frs-core:ComputerEquipment 2025-01-01 2025-12-31 12396502 frs-core:ComputerEquipment 2024-12-31 12396502 frs-core:SharePremium 2025-12-31 12396502 frs-core:ShareCapital 2025-12-31 12396502 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 12396502 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 12396502 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 12396502 frs-bus:SmallEntities 2025-01-01 2025-12-31 12396502 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 12396502 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 12396502 1 2025-01-01 2025-12-31 12396502 frs-core:UnlistedNon-exchangeTraded 2025-12-31 12396502 frs-core:UnlistedNon-exchangeTraded 2024-12-31 12396502 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 12396502 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-12-31 12396502 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 12396502 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-12-31 12396502 frs-bus:Director1 2025-01-01 2025-12-31 12396502 frs-bus:Director2 2025-01-01 2025-12-31 12396502 frs-bus:Director3 2025-01-01 2025-12-31 12396502 frs-bus:Director4 2025-01-01 2025-12-31 12396502 frs-bus:Director5 2025-01-01 2025-12-31 12396502 frs-countries:EnglandWales 2025-01-01 2025-12-31 12396502 2023-12-31 12396502 2024-12-31 12396502 2024-01-01 2024-12-31 12396502 frs-core:CurrentFinancialInstruments 2024-12-31 12396502 frs-core:Non-currentFinancialInstruments 2024-12-31 12396502 frs-core:SharePremium 2024-12-31 12396502 frs-core:ShareCapital 2024-12-31 12396502 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 12396502
Shearwater Global Ltd
Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12396502
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,271 885
Investments 5 8,953 8,953
10,224 9,838
CURRENT ASSETS
Debtors 6 466,456 639,071
Cash at bank and in hand 79,709 200,121
546,165 839,192
Creditors: Amounts Falling Due Within One Year 7 (241,902 ) (357,317 )
NET CURRENT ASSETS (LIABILITIES) 304,263 481,875
TOTAL ASSETS LESS CURRENT LIABILITIES 314,487 491,713
Creditors: Amounts Falling Due After More Than One Year 8 (8,953 ) (8,953 )
NET ASSETS 305,534 482,760
CAPITAL AND RESERVES
Called up share capital 9 1,053 1,041
Share premium account 27,153 21,628
Profit and Loss Account 277,328 460,091
SHAREHOLDERS' FUNDS 305,534 482,760
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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 Profit and Loss Account.
On behalf of the board
Mr Peter Guilford
Director
8 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
Shearwater Global Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12396502 . The registered office is 14th Floor 33 Cavendish Square, London, W1G 0PW.
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. The company has taken advantage of the exemption provided by Section 399 of the Companies Act 2006 from the requirement to prepare consolidated financial statements as the group qualifies as a small group, as defined by Section 383 of the Companies Act 2006. As such, these financial statements present information about the company as an individual entity and not about its group.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Computer Equipment straight line basis over 3 years
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.
2.5. 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.
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2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses
for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any
transaction costs and subsequently measured at amortised cost determined using the effective interest method, less
any impairment losses for bad and doubtful debts.
2.8. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price), less any impairment losses
for bad and doubtful debts. Loans and other financial liabilities are initially recognised at transaction price net of any
transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.9. Investments
Investments in subsidaries, associates and joint ventures are measured at cost less any accumulated impairment
losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the
value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses.
Changed in fair value are included in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2024: 10)
11 10
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2025 3,716
Additions 1,388
As at 31 December 2025 5,104
Depreciation
As at 1 January 2025 2,831
Provided during the period 1,002
As at 31 December 2025 3,833
Net Book Value
As at 31 December 2025 1,271
As at 1 January 2025 885
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5. Investments
Unlisted
£
Cost or Valuation
As at 1 January 2025 8,953
As at 31 December 2025 8,953
Provision
As at 1 January 2025 -
As at 31 December 2025 -
Net Book Value
As at 31 December 2025 8,953
As at 1 January 2025 8,953
Shearwater Europe SRL is a direct subsidiary of Shearwater Global Ltd as its issued share capital is held 100% by Shearwater
Global Ltd.
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 327,504 288,794
Other debtors 138,952 350,277
466,456 639,071
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 4,399 48,564
Other creditors 106,786 207,004
Taxation and social security 130,717 101,749
241,902 357,317
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors 8,953 8,953
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,053 1,041
10. Related Party Transactions
A dividend of £nil (2024: £325,000) was declared by Shearwater Europe SRL, a subsidiary, for the year ended 31 December 2025. The prior year dividend receivable of £325,000 was recognised in current assets and was received during 2025.
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11. Controlling Party
The company is the parent company of the group. There is no ultimate controlling party.
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