Acorah Software Products - Accounts Production 19.2.450 false true true 31 October 2024 1 November 2023 false 1 November 2024 31 October 2025 31 October 2025 NI656405 Mrs Jennifer Ervine Mr Kristian Jones Mr Michael McDowell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI656405 2024-10-31 NI656405 2025-10-31 NI656405 2024-11-01 2025-10-31 NI656405 frs-core:FurnitureFittings 2025-10-31 NI656405 frs-core:FurnitureFittings 2024-11-01 2025-10-31 NI656405 frs-core:FurnitureFittings 2024-10-31 NI656405 frs-core:SharePremium 2025-10-31 NI656405 frs-core:ShareCapital 2025-10-31 NI656405 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 NI656405 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 NI656405 frs-bus:FilletedAccounts 2024-11-01 2025-10-31 NI656405 frs-bus:SmallEntities 2024-11-01 2025-10-31 NI656405 frs-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 NI656405 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 NI656405 frs-core:ListedExchangeTraded 2025-10-31 NI656405 frs-core:ListedExchangeTraded 2024-10-31 NI656405 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-10-31 NI656405 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2025-10-31 NI656405 frs-core:CostValuation frs-core:ListedExchangeTraded 2025-10-31 NI656405 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-10-31 NI656405 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2025-10-31 NI656405 frs-bus:Director1 2024-11-01 2025-10-31 NI656405 frs-bus:Director2 2024-11-01 2025-10-31 NI656405 frs-bus:Director3 2024-11-01 2025-10-31 NI656405 frs-countries:NorthernIreland 2024-11-01 2025-10-31 NI656405 2023-10-31 NI656405 2024-10-31 NI656405 2023-11-01 2024-10-31 NI656405 frs-core:CurrentFinancialInstruments 2024-10-31 NI656405 frs-core:SharePremium 2024-10-31 NI656405 frs-core:ShareCapital 2024-10-31 NI656405 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31
Registered number: NI656405
Raise Ventures Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
Satori Accounting
Raise Ventures Limited
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—5

Page 1
Raise Ventures Limited
Statement of Financial Position
As At 31 October 2025
Statement of Financial Position
Registered number: NI656405

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 138 |  | 415
Investments | 5 |  | 428 |  | 455
|  |  | 566 |  | 870
CURRENT ASSETS
Debtors | 6 | 2,498 |  | 3,101 |
Cash at bank and in hand |  | 49,962 |  | 7,103 |
|  | 52,460 |  | 10,204 |
Creditors: Amounts Falling Due Within One Year | 7 | (160,203 ) |  | (121,492 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (107,743 ) |  | (111,288 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (107,177 ) |  | (110,418 )
NET LIABILITIES |  |  | (107,177 ) |  | (110,418 )
CAPITAL AND RESERVES
Called up share capital | 8 |  | 3 |  | 3
Share premium account |  |  | 574,999 |  | 574,999
Income Statement |  |  | (682,179 ) |  | (685,420 )
SHAREHOLDERS' FUNDS |  |  | (107,177) |  | (110,418)

Page 1
Page 2
Raise Ventures Limited
Statement of Financial Position (continued)
As At 31 October 2025
For the year ending 31 October 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 Statement.
On behalf of the board

Mrs Jennifer Ervine Director
21 May 2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Raise Ventures Limited
Notes to the Financial Statements
For The Year Ended 31 October 2025
Notes to the Financial Statements
1. General Information
Raise Ventures Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI656405 . The registered office is Clockwise, Riverhouse, 48 - 60 High Street, Belfast, Northern Ireland, BT1 2BE.
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. Going Concern Disclosure
The directors have identified no material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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 | 25% straight line

3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: 1)
- 1
4. Tangible Assets

| Fixtures & Fittings
--- | ---
| £
Cost
As at 1 November 2024 | 7,119
As at 31 October 2025 | 7,119
Depreciation
As at 1 November 2024 | 6,704
Provided during the period | 277
As at 31 October 2025 | 6,981

...CONTINUED
Page 3
Page 4
Raise Ventures Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025

Net Book Value
As at 31 October 2025 | 138
As at 1 November 2024 | 415

5. Investments

| Listed
--- | ---
| £
Cost or Valuation
As at 1 November 2024 | 455
Disposals | (27 )
As at 31 October 2025 | 428
Provision
As at 1 November 2024 | -
As at 31 October 2025 | -
Net Book Value
As at 31 October 2025 | 428
As at 1 November 2024 | 455

Investments represent equity shareholdings acquired in unlisted start-up companies though the Raise accelerator programme.
These are stated at cost and reflect the nominal value of shares held.
The market value of the company's investments is estimated by the director at £922,720. Market value is based on pre and post-money valuations obtained from funding rounds in these particular entities.
6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | - |  | 975
Other debtors | 2,498 |  | 2,126
| 2,498 |  | 3,101

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | - |  | 11,289
Other creditors | 160,203 |  | 110,203
| 160,203 |  | 121,492

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 3 |  | 3

Page 4
Page 5
Raise Ventures Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
9. Related Party Transactions
Included within creditors falling due within one year at note 7 is an amount of £110,011 owed to the managing director, Mrs J Ervine. The amount is repayable on demand. No interest is being charged on this loan to the company.
Page 5