Acorah Software Products - Accounts Production 19.2.350 false true 31 March 2025 1 March 2024 false 1 April 2025 31 December 2025 31 December 2025 15459199 Mr Richard Lightbound iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15459199 2025-03-31 15459199 2025-12-31 15459199 2025-04-01 2025-12-31 15459199 frs-core:CurrentFinancialInstruments 2025-12-31 15459199 frs-core:ComputerEquipment 2025-12-31 15459199 frs-core:ComputerEquipment 2025-04-01 2025-12-31 15459199 frs-core:ComputerEquipment 2025-03-31 15459199 frs-core:ShareCapital 2025-12-31 15459199 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 15459199 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2025-12-31 15459199 frs-bus:FilletedAccounts 2025-04-01 2025-12-31 15459199 frs-bus:SmallEntities 2025-04-01 2025-12-31 15459199 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2025-12-31 15459199 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2025-12-31 15459199 frs-core:CostValuation 2025-03-31 15459199 frs-core:AdditionsToInvestments 2025-12-31 15459199 frs-core:RevaluationsIncreaseDecreaseInInvestments 2025-12-31 15459199 frs-core:CostValuation 2025-12-31 15459199 frs-core:ListedExchangeTraded 2025-12-31 15459199 frs-core:ListedExchangeTraded 2025-03-31 15459199 frs-core:CostValuation frs-core:ListedExchangeTraded 2025-03-31 15459199 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2025-12-31 15459199 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2025-12-31 15459199 frs-core:CostValuation frs-core:ListedExchangeTraded 2025-12-31 15459199 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2025-03-31 15459199 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2025-12-31 15459199 frs-core:UnlistedNon-exchangeTraded 2025-12-31 15459199 frs-core:UnlistedNon-exchangeTraded 2025-03-31 15459199 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-03-31 15459199 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2025-12-31 15459199 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2025-12-31 15459199 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-12-31 15459199 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 15459199 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-12-31 15459199 frs-bus:Director1 2025-04-01 2025-12-31 15459199 frs-bus:Director1 2025-03-31 15459199 frs-bus:Director1 2025-12-31 15459199 frs-countries:EnglandWales 2025-04-01 2025-12-31 15459199 2024-02-29 15459199 2025-03-31 15459199 2024-03-01 2025-03-31 15459199 frs-core:CurrentFinancialInstruments 2025-03-31 15459199 frs-core:ShareCapital 2025-03-31 15459199 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: 15459199
Blue Wave Ventures Ltd
Unaudited Financial Statements
For the Period 1 April 2025 to 31 December 2025
CBS Accountants Ltd
Chartered Accountants
Unit 17, Orbital 25 Business Park
Dwight Road
Watford
Hertfordshire
WD18 9DA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 15459199
31 December 2025 31 March 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,153 1,604
Investment Properties 5 511,458 511,458
Investments 6 1,678,620 502,987
2,192,231 1,016,049
CURRENT ASSETS
Debtors 7 219,355 3
Cash at bank and in hand 80,402 8,194
299,757 8,197
Creditors: Amounts Falling Due Within One Year 8 (2,273,815 ) (1,017,875 )
NET CURRENT ASSETS (LIABILITIES) (1,974,058 ) (1,009,678 )
TOTAL ASSETS LESS CURRENT LIABILITIES 218,173 6,371
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (34,010 ) (567 )
NET ASSETS 184,163 5,804
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 184,063 5,704
SHAREHOLDERS' FUNDS 184,163 5,804
Page 1
Page 2
For the period 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 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 Profit and Loss Account.
On behalf of the board
Mr Richard Lightbound
Director
24/04/2026
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Blue Wave Ventures Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15459199 . The registered office is Unit 17 Orbital 25 Business Park, Dwight Road, Watford, Hertfordshire, WD18 9DA.
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:
Computer Equipment 25%
2.4. Investment Properties
Investment properties are initially measured at cost including transaction costs. They are subsequently measured at fair value at each reporting date, with changes recognised in profit or loss. No depreciation is charged on properties held at fair value. Where fair value cannot be measured reliably without undue cost or effort, properties are measured at cost less depreciation and impairment in accordance with Section 17 of FRS 102. Deferred taxation if any is provided on these gains at the rate expected to apply when the property is sold.
Page 3
Page 4
2.5. 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.
2.6. 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.
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 period, 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2025: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2025 1,941
Additions 941
As at 31 December 2025 2,882
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 April 2025 337
Provided during the period 392
As at 31 December 2025 729
Net Book Value
As at 31 December 2025 2,153
As at 1 April 2025 1,604
5. Investment Property
31 December 2025
£
Fair Value
As at 1 April 2025 and 31 December 2025 511,458
6. Investments
Listed Unlisted Total
£ £ £
Cost or Valuation
As at 1 April 2025 502,987 - 502,987
Additions 900,257 143,756 1,044,013
Revaluations 131,620 - 131,620
As at 31 December 2025 1,534,864 143,756 1,678,620
Provision
As at 1 April 2025 - - -
As at 31 December 2025 - - -
Net Book Value
As at 31 December 2025 1,534,864 143,756 1,678,620
As at 1 April 2025 502,987 - 502,987
Investments in listed and unlisted shares are initially measured at fair value including transaction costs. Subsequently, listed investments are carried at fair value with changes recognised in profit or loss. Unlisted investments are measured at fair value where this can be reliably determined; otherwise, they are held at cost less impairment. Impairment reviews are performed at each reporting date and any losses are recognised in profit or loss.
Page 5
Page 6
7. Debtors
31 December 2025 31 March 2025
£ £
Due within one year
Other debtors 567 3
Due after more than one year
Other debtors 218,788 -
219,355 3
8. Creditors: Amounts Falling Due Within One Year
31 December 2025 31 March 2025
£ £
Trade creditors 277 -
Other creditors 2,263,170 1,016,538
Taxation and social security 10,368 1,337
2,273,815 1,017,875
9. Deferred Taxation
The provision for deferred tax is made up as follows:
31 December 2025 31 March 2025
£ £
Other timing differences 34,010 567
10. Share Capital
31 December 2025 31 March 2025
£ £
Allotted, Called up and fully paid 100 100
11. Financial Instruments
Basic financial instruments are recognised at amortised cost using the effective interest method.
Other financial instruments are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognized in profit or loss.
Page 6
Page 7
12. Directors Advances, Credits and Guarantees
Included within Other Creditors are the following loans from directors:
As at 1 April 2025 Amounts advanced Amounts repaid Amounts written off As at 31 December 2025
£ £ £ £ £
Mr Richard Lightbound 1,012,988 1,245,682 - - 2,258,670
The above loan is unsecured, interest free and repayable on demand.
Page 7